Fast Education Loans When Unemployed

Believe it or not but you can easily obtain a fast education loan when unemployed.В  In fact surprisingly you will find it quite simple to obtain funds to continue or start your education. Follow with me on this one and I will describe to you some of the resources available to you.

When on unemployment benefits you are a registered recipient of unemployment benefits. You are registered as an unemployed person and need to meet certain requirements to continue receiving benefits, such as job searching during the week.

All unemployment benefits schemes have in place subsidies allowed to unemployed persons to either get a job, assist with travel, access to dedicated employment agencies and case managers.

In the case of education, if you approached the unemployment agencies and informed them you wished to better yourself and gain the skills to increase your chances of gaining employment, they will offer you a subsidy to return into the education system.

In Australia, the unemployment agency CentreLink will pay for study costs and change your unemployment benefits to student benefits payable each fortnight. The reason why these benefits are paid is to simply remove one unemployed person from the unemployment statistics.

Also, long termed unemployed have usually a case manager from an Employment Agency such as Mission Australia or Sarina Russo. These agencies have funds to pay for any unemployed person to return to the workforce or to full time study.

Now overseas unemployed persons also have the same access to these benefits through their unemployment agency. There are government funds available to pay for study cost and course content.

When it comes to being unemployed often the unemployed person sets out on their own to get a fast education loan when right under their noses they already have access to funds, often free funds, just from receiving unemployment benefits.

The procedure you will need to follow in being subsidised is to first choose the course in education you wish to complete. Then consider if that course will greatly increase your chances of gaining employment. Find out all the costs of the course such as education expenses being materials, course content and any application fees.

fast education loans when unemployed

Once you have all this information together, go to your unemployment agency or case manager and present the information to them.В  They will then be able to make a decision, often immediately, if they can provide you the start up costs and ongoing student loan benefits during your education studies.

If you are considering applying for fast education loans when unemployed do your homework first, get all the information together and present your case to the case manager or unemployment agency.

August 19, 2011 В· Terry В· 4 Comments
Tags: , ,  В· Posted in: Student Loans

4 Responses

  1. KELLEY GABRIEL - October 22, 2010


  2. Thulisile maureen Msibi - October 7, 2011

    Hi i’m Thulisile i wish to get a study loan and i’m unemployed, please help me

  3. karen - November 11, 2011

    hi i karen i am in need of a loan so i can start my studies urgently i can pay back with interest in 2 weeks please help me urgently thanks

  4. Terry - November 20, 2011

    Hello Thulisile,
    Our site is aimed at providing the best possible information in sourcing a loan.
    We strongly suggest all persons looking for a loan search online for the best lender that meets their circumstances.

    Thank you Terry

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