Great, thanks!

As I said, it isn't a problem for me but I have a new little nephew whose parents might be very interetsed in anything you discover.

Good luck with your investigations and hang around - lots of interesting stuff on here and lots of helpful people too!

Cat

Hi Cat

I agree that there would bemarket out there for this sort of thing. However I have been on Google and there may be some companies able to help. Will look into this via an Independent Financial Adviser - hopefully someone will offer the sort of lending product you describe. Anyway I will keep you posted if I find a lender who can assist.

Jacqueline

Thanks Fedora. I have looked at "loans for school fees" on Google and I have picked up some good advice. First point of call will be an independant Financial Adviser. However do you have any more details about your clearing bank?

Jacqueline

What an interesting topic!

I'm thinking that, as school fees are paid termly, you would need a lending product that perhaps draws down in stages? If repayments were calculated to cover the entire total drawdown, in the beginning, when only one or two terms funds had been drawn, you would benefit from making the same payment on the lower amount. I'm not explaining this very well, but do you see what I mean?

You could tailor a very specific product for this kind of borrowing, and with the education system the way it is currently, I am sure it would be a very popular product!

I have four children who benefit from the second-to-none Welsh medium education that is available in Wales. I am very thankful that, for me, this isn't an issue. But there must be thousands of parents out there, like you, who want to make the best effort they can on behalf of their children and thus I am surprised, now that I think about it, that I have not seen specifically tailored products for school fee lending.

Good luck with it all. If you do find a lender who can tailor a product for you, be sure to let us know.

Cat

Dear jacqueline

I assume you have done a Google search for say "loans for school fees".

I think you are indicating that the loan required is of a nature that it may need to be secured rather than unsecured. Obviously moneysupermarket's calculator will throw up the most attractive loans for you.

ADVICE

I have found that my clearing bank can be very helpful advising or steering in the right direction, in this case for a specialist loan, and it's on a walk in first come first served basis, and it's free.

Can anyone advise me if there are special loans available for education? I have two children who are enjoying their Prep school so much (and doing really well) that they wish to stay on for the Senior School. I have funding for 70% of the fees but cannot afford the rest - any advice? We are talking three terms a year for the next 5 years (for two children). I am quite willing to release equity in my house to assist this if necessary.