With a degree in math from Michigan State University, Dayringer was considering the graduate-school track but left school when his loan for studying advanced manufacturing was withdrawn.
I may be able to take a loan for studying abroad but for that I may have to mortgage my parent's property.
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Peer-to-peer lending websites such as Zopa and Funding Circle allow individuals and small to medium enterprises (SMEs) to loan money from investors, which then expect a profit on the interest earned once the loan is repaid, and this model can be applied to loans for postgraduate study.
I moved to Sweden from the U.S. in August to pursue a master's degree in English Literature because I'd read enough of Stanley Fish and Mark Taylor articles to be leery of taking $40,000 in loans for the religious studies program I was admitted to at the University of Chicago.
Loans to study at for-profit institutions appear to be at greatest risk.
Peter Horrocks, vice chancellor of the Open University, has argued the government should allow graduates to take out student loans to study for a second undergraduate degree, to help address the decline that has hit the OU particularly hard.
One bank offers a private student loan that can be used for study abroad.
Investec Bank offers loans for full time students studying at BPP.
Another provision will forgive up to $35,000 a year in student loans for any researcher conducting studies of health disparities.
