Frequently Asked Questions


Other Types of Loans

Most high-street banks offer student banking packages that allow them to have interest-free overdraft up to a certain limit. This type of easy credit can grow into a bad habit though; banks start charging interest fees within a year of graduation and these can soar. It's important that you start paying them as soon as possible after graduation.
Graduate loans are sometimes marketed as help in order to raise funds when you enter the working world. Ask your bank for more details; normally they will lend you the money. Keep in mind, though, that these loans are far more expensive than student loans. It could also tie you for a long time to a bank that you don't like.
Other options include borrowing from your employer, who could lend you funds at a low interest rate and career development loans, available from high-street lenders.