Firstly. Before I say anything the point I?m about to make is not at the fault of the AIE, the fact that they are trying to support there students in so many ways is commendable. This is a technicality on the banks part.
Last year when I found out that the AIE was now supported by a student loan scheme by the national bank I was rapped, This loan defers payment until the course is completed. if I could get this loan that would mean I?d have more time to spend on the AIE and outside self teaching to assist myself into getting into a video game company at the end of the two year course. Instead of spending three days a week working full time at Coles?
So I went to the bank to enquire about the loan, I?m glad I did because it comes with one condition that can stop so many people in there tracks.
YOU REQUIRE A GARENTOR WHO ?OWNS LAND OR IS PAYING OFF A HOME? AND IS WILLING TO PUT THAT ON THE LINE FOR YOU.
Now..call me crazy.. But I live in a poor circumstance and I know of no one who ones a house.. Tough luck for me.. No land.. No loan. It's about as clear cut as that.
The point I?m making is.. if applying for a loan like that.. isn?t it safe to assume you might live in a family that doesn?t have much collateral or fianc? to begin with?
I now dub thee loan sir useless oxymoron