student loan uk

Career loans mean lack of funds need no longer be a bar to MBA ...

With MBA programmes now costing as much as $ 75,000, one question seems to occupy applicants more than any other: how can I find the money to pay for it? Every year recruitment agency TopMBA surveys nearly 4000 aspiring MBAs around the world to establish whether finance is likely to prove a barrier to study.

The most common source of finance is the education or career loan. Here we look at some of the sources of such loans.

Citizens from the UK can borrow up to two-thirds of their pre-study salary in any 12-month period from NatWest to fund an MBA. Applicants need to contribute at least 20 per cent of the course fees from their own resources. HSBC offers loans to students of a number of British-based schools. This facility is open to students from around the world.

In the US, Citibank's student loan division provides standard loans and also partners with schools to provide tailored packages.

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Credit agencies want to see student loan debts

Credit rating agency Equifax is asking the UK government for access to student loan balances to find out exactly how much graduates owe, according to a newspaper report.

Equifax spokesman Neil Munroe told the Daily Mail newspaper that giving lenders a credit history "would avoid putting further strain on graduates' finances by helping them make responsible lending decisions."

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