Therapy during school holidays is not repayable, because the authorities believe autism ceases to exist outside term time.
Loan and overdraft terms are changed, apparently arbitrarily, and sound companies with cashflow problems get nowhere when they ask for help.Royal Bank of Scotland (RBS), which is about to get a £20-billion capital injection from the government, made headlines on November 23rd when it said it would offer small firms 12-month overdrafts at fixed interest rates that are not repayable on demand.
Grants are not repayable and it is anticipated the Wales Economic Growth Fund will assist more than 100 businesses.
The lender should be aware that an unsecured loan is not repayable if the borrower declares bankruptcy.
In Brussels, Gunnar Wiegand, a spokesman for the European foreign affairs commissioner, said the proposed loans were not subsidies, but "repayable loans, which are in full compliance with the 1994 World Trade Organization agreement on subsidies".
Under the current system, nursing and midwifery students can apply for non-repayable bursaries of up to £4,191, of which £1,000 is not means-tested.
The terms are not for the faint-hearted: loans are due in two to five years, are repayable in dollars and bear interest rates of 15-18%.
He said that if, like many of those enrolled, you do not expect to earn more than £21,000 a year – the threshold at which student loans are now repayable – then £11,000 in loans and non-repayable grants for living is simply free money.
They may not be repayable until 2037 but they represent an ever increasing debt burden.
The grants will not be repayable or restricted to any specific sectors.
