Debt deals could cause difficulties for adult children who hope to go to college.
LOUISE MCBRIDE – PUBLISHED 02 MARCH 2014 02:30 AM
PARENTS who sign up to the new state-backed debt deals could scupper their children's chances of going to college.
"Any request for continuation of living expenses beyond the age of 18 would likely be considered on a case-by-case basis by creditors," said a spokeswoman for Bank of Ireland.
A spokesman for Permanent TSB said: "Permanent TSB reviews every case on its own merit and does not have a blanket policy. The issue is one for the ISI guidelines, not for the individual banks."
AIB said it makes allowances for dependants.
Ulster Bank said it aims "to come to a reasonable arrangement with any customer who approaches us. Expenditure is adjusted for childcare to reflect age," said a spokesman for the bank. "There can be an allowance for adults living in the house with special circumstances."
A spokesman for KBC said it reviews each case on its own merits "taking account of financial and other circumstances and the ISI reasonable living expenses."
Playing devil's advocate here...Looks as if ptsb will not budge, on my kids 18th birthday I'll have to kick them out!!
Debt deals could cause difficulties for adult children who hope to go to college.
LOUISE MCBRIDE – PUBLISHED 02 MARCH 2014 02:30 AM
PARENTS who sign up to the new state-backed debt deals could scupper their children's chances of going to college.
....
I assume there are plenty of parents in the country, who are not in debt, who cannot afford to send their child to college?
Why should those who are in debt be treated as a special case and have their debt decrease so they can do so?
Personally I think college fees should not be included, as nice as that might be.
However, I think perhaps any child over 18 still living at home should still receive some amount, perhaps reduced. I guess it might be seen a dole supplement by some though?
Pat2;
Quote{is sending child to college that expensive}
Food 50, rent 60, transport 20 , incidentals 20.
Easily 150 per week from a parents after tax income per child.
Ball park it then @ 8,000 income cost per child.
So if you earn k45 with 2 @ college , means your (real) income drops to underk30.
So-crates;
Inclined to agree on the fixation on 3rd level.Seems to me everyone now have degrees in any and everything, not sure they are really valuable versus going straight into work?
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