Dimplenose
Stranger from the outside
- Joined
- Apr 2, 2002
DS is now in the final throws of choosing his university for next year. We thought we'd be able to support him but had underestimated how much it all costs!
He'll need to get a loan, for his fees at the very least, that we plan to pay off for him within a couple of years of him graduating but I cannot find any info on the interest charged on these loans. I've heard rumours of it being interest free and also of it being charged at the rate of inflation. (The info on the government website is obscure to say the least!)
So has anyone got any practical info on repaying their child's loan?
He'll need to get a loan, for his fees at the very least, that we plan to pay off for him within a couple of years of him graduating but I cannot find any info on the interest charged on these loans. I've heard rumours of it being interest free and also of it being charged at the rate of inflation. (The info on the government website is obscure to say the least!)
So has anyone got any practical info on repaying their child's loan?