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Posted: Tue Jul 22, 2008 11:56 pm
by laura_j
i currently have an iva but i am thinking of starting university,would i be able to have the grants and student loans they give you and if so would i have to give any of it to my creditors?
Posted: Tue Jul 22, 2008 11:59 pm
by MelanieGiles
Hi Laura and welcome to the forum
You can still get grants and student loans whilst at university to support your further education, but you will need to declare that you are in an IVA as part of the application, and also obtain your supervisor's permission to take out additional borrowings,
Posted: Wed Jul 23, 2008 12:10 am
by laura_j
thanks,if i had to cut my hours at work because of university would my iva payments be smaller or would they stay the same?
if work became to much with being at university could i finish work and pay my iva payments through my grants/loans?
Posted: Wed Jul 23, 2008 12:12 am
by MelanieGiles
If you had to cut your hours at work would this affect your ability to make your IVA payments? If so then this answers your question really. It would not be appropriate for you to use public money awarded to you to fund your education, on repayments towards old debts.
Posted: Wed Jul 23, 2008 12:19 am
by laura_j
thanks for your help[:)]