Does maintenance loan effect my IVA?

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andrea455

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Post by andrea455 » Thu Jan 30, 2020 10:46 pm
Does maintenance loan effect my IVA?

kallis3

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Post by kallis3 » Fri Jan 31, 2020 7:31 am
What is the maintenance loan for?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk

andrea455

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Post by andrea455 » Fri Jan 31, 2020 7:46 am
It is with student finance.

Foggy

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Post by Foggy » Fri Jan 31, 2020 7:49 am
Generally there is no problem with student loans that need not be repaid until such time as you find work with sufficient salary to repay.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

andrea455

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Post by andrea455 » Fri Jan 31, 2020 7:55 am
Thank you. Would it affect my monthly repayments?

Foggy

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Post by Foggy » Fri Jan 31, 2020 9:43 am
We have had a few forum members who have student loans -- hopefully some of them will see this and share their experiences.

I imagine ( and am only guessing here) that it would affect the repayments in so far as it would be used and counted as income. In some part this could be mitigated by increases in allowances for, say, books and research materials.

Hang in there for some more helpful replies.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

andrea455

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Post by andrea455 » Fri Jan 31, 2020 10:13 am
Thank you, really appreciate your help! :)
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