Hi Nemo1.

Do you mean the regular type of student loan where repayments would be drawn directly from your salary in the future? If so, check with them, but I doubt there would be an issue. The loan is effectively secured against your future earnings in preference to other creditors.

Are you prepared to allow the trust deed to fail in order to take this route? This seems like a likely outcome if you make a decision that will render you unable to carry on with the contributions.

No no no ! Absolutely not! The Trust Deed is a priority without a doubt. There would always be the option of working nights / evenings to make up my monthly earnings. It's just something I was looking into. But no, the Trust Deed payments are most important, it took us long enough to look for help so would definitely not jeapordise it.
Thank you TDA!

No problem Nemo1.

If you do find out more about the student loan could you let us know?

Similar questions have come up a couple of times recently.

Hi Nemo1

The trust deed itself would not stop you obtaining a student loan, so it may be an idea to investigate the possibility of obtaining one. As you say, another 4.5 years may be too long a period. Plus of course the older we get, the harder it is to remeber things we're taught! I've been learning Bulgarian for 7 years and can just about ask for a beer!

Mark

quote:

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Originally posted by Mark McFadyen

Hi Nemo1

The trust deed itself would not stop you obtaining a student loan, so it may be an idea to investigate the possibility of obtaining one. As you say, another 4.5 years may be too long a period. Plus of course the older we get, the harder it is to remeber things we're taught! I've been learning Bulgarian for 7 years and can just about ask for a beer!

Mark

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Sounds like an excuse to get out of buying a round [:p]

Hi Jinty

At 70p a pint, its never a problem.

Always seem to cause confusion when someone speaks to Me in Bulgarian and I answer ' ne razbiram' which is me saying ' I don't understand' in Bulgarian!

Mark

Is that when they're asking you to get your round in Mark?

By makin this move you may unfortunately jeopardise the TD. If it means no further contributions may be laid, the Trustee could resign, reverting you to the position prior to the signing of the TD and very much at the mercy of your creditors again.

Hi Nemo1,

As others have said there is nothing stopping you obtaining a student loan and moving into further education to become a nurse If you feel you could continue to support your Trust Deed payments.

It may feel like a long time which you are in you Trust Deed but if you compare this with a job that you may be in until retirement, 20,30, or even 40 years which you really enjoy doing it could be worth making the short term sacrifice if you are able to do so without jeopardising your Trust Deed.

I went on holiday to Bulgaria a few years back Mark and when asking for a beer, I did the usual tourist thing in asking for it in English but trying to put on a Bulgarian accent. Strange how people always do that on holiday.

Student loans aren't credit-scored - it's availibility will purely depend on you meeting the eligibility criteria - ie is it a qualifying course, have you had them before etc.

Funny how this has turned into a joint student loan/Bulgarian thread. I can imagine some Bulgarian living in the UK wanting to find out if they qualify for a student loan and googling "student loan bulgarian" and getting very confused at ending up on a trust deed forum!

By the way, the only Bulgarian I know is Hristo Stoichkov.

The Bulgarian word for "trust deed" appears to be:

pulnomoshtno

Yes... I knew you were wondering!

bless you