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

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Becci402
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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
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Foggy
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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.
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Michael Peoples
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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.
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