2 years into IVA and considering student loan. Is it viable option?

Get expert opinion. This is the place for new questions to be posted.
3 posts Page 1 of 1
Posts: 1
by Becci402 » Fri Jun 16, 2017 3:28 pm
I want to apply for a part time open university course, for which I would also need to apply for a student loan. The course would be to enhance the job I currently do. I am currently 2 years into my IVA, so is this a viable option? I will be working full time and the payments I make into my IVA won't be affected at all but obviously I'm wary as it involves applying for credit which is in contradiction to the terms of an IVA
User avatar
Forum Expert
Posts: 24901
by Foggy » Fri Jun 16, 2017 3:44 pm
You would need the agreement of your IP but, as far as I am aware, as repayments on the student loan wouldn't be due during the life of the IVA, this should be no problem.
User avatar
Michael Peoples
Industry Expert
Posts: 15189
by Michael Peoples » Mon Jun 19, 2017 7:53 am
I agree with Foggy. You can get credit with the consent of the IVA supervisor and this is not uncommon.
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: No registered users and 30 guests