Wednesday, July 11, 2007

Damn Banks

I have mostly taken for granted the fact that I would be able to obtain sufficient funding for school next year; I assumed that banks would be more than willing to lend me money. Thats what they do! They give you money, you pay them interest, its simple. My ideal 'product' is a student line of credit where I can borrow what I want, use what I need and am only obligated to make monthly payments just on the interest until I am finished school. Even with my mother as a co-signer, I am only eligible for $10,000. Thats all great except for the fact that my tuition is 11,000 pounds! ($25,000 CDN). Other banks don't have a $10,000 limit but won't lend to students attending school outside of Canada. After several polite 'F--- you's I am still optimistic but am quickly running out of banks. I suppose the road less traveled is such for a reason; it's not easy. And I haven't even left home yet.