Interest Only Loan for Study Purposes?

mo3art

Registered User
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721
Is anybody aware of a body who will offer this? Or has anybody done this in the past?

I'm about to embark on 2 years of study at night which is sponsored by my company. However it is a policy that whatever amount they will contribute towards the fees, they will pay 50% of the amount they agree upfront & then 50% on completion of the course.

The only way I can afford to do this very expensive course (fees are in excess of €5K per year) is by sponsorship from my company and if they agree to pay 50% of my overall fees, i will then have to fund 75% of the fees upfront myself and then claim 25% back at the end of the year.

As the fees are so high, i would prefer to not to have to make a full repayment on the section that the company will be refunding at the end of the year. If I don't have to make a full repayment then my cash flow will be better.

Does that make sense?
 
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