I can probably add my 2p worth to this...
I have a loan to start on the APP course at Oxford - there is no way anyone could borrow the full amount to attend the course as the max borrowings on the HSBC professional studies loan is 50k. Therefore, students will need to have at least 20k saved/parental help to attend the course once living is taken into account. On the current interest rates the repayments work out at around £610 (though can't be sure as I'm not borrowing this amount). Rate is variable of course so who knows what could happen over 11 years - they could go up or down...
As for security, it seems most of the students at places like OAT, Cabair, Jerez don't have properties so parents tend to put their house up as security. HSBC will also consider life policies and public shares for security.
Like me, I am sure they all have their reasons for taking loans of this size. I don't think the 90% figure is far off from what I have seen at OAT and Cabair....
Last edited by London Girl; 20th Aug 2004 at 09:20.