Posted: Wed Jul 11, 2007 11:22 pm
I've been giving some serious thought to entering an IVA. I have a debt of circa £17,000 and I plan on returing to Higher Education next year.
Here's my question:
Being a Full-Time student (in an IVA) will I be eligible to apply for Student Loans and Grants?
An IVA in its simplest form is a contract between you and your Creditors. Correct?
If I take a Part-Time job (whilst at university) and earn the amount that has been agreed in my IVA - so I can use that money to pay my IVA, will that be okay?
Therefore, in essence, I will live off my Student Loans and Grants but will use my Part-Time earned to make my IVA payments.
Regards,
Here's my question:
Being a Full-Time student (in an IVA) will I be eligible to apply for Student Loans and Grants?
An IVA in its simplest form is a contract between you and your Creditors. Correct?
If I take a Part-Time job (whilst at university) and earn the amount that has been agreed in my IVA - so I can use that money to pay my IVA, will that be okay?
Therefore, in essence, I will live off my Student Loans and Grants but will use my Part-Time earned to make my IVA payments.
Regards,