PPRuNe Forums - View Single Post - What happens when there's no mammy and daddy to secure the loan?
Old 3rd March 2008 | 16:17
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nosefirsteverytime

PPRuNe Engineering Dept Apprentice
 
Joined: Mar 2001
Posts: 295
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From: Deep in the boglands of Western Ireland
What happens when there's no mammy and daddy to secure the loan?

(before you ask, they are alive, and if I asked, they might be willing. It's a pride thing, I just don't want to burden them again. I won't ask them to be guaruntors! I won't!)

Right, I have myself, a 20k euro/year job, a car worth 2k, 2k worth of student loan debt, (cancel each other out really!) and a batchelors in Manufacturing engineering once I pass exams in May.

What options are open to me as regards funding a course? Above I've basically listed everything a bank will look at as regards giving me a loan. I don't think any of the above can be used as "capital" against a loan, and I can't see any other way of funding. I would love to do integrated, as I feel I learn better in a college type environment, but how can I come up with that amount of money (€100,000) on my current wage?

How did you fund it?
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