UCC unveils loan scheme that will cover €2,250 fee

Degree students at UCC can apply for a new loan scheme offering low interest rates to help pay the €2,250 student contribution fee.

In a deal similar to those arranged with other colleges, Bank of Ireland will pay the charge for students and families can pay back just €100 per month for the duration of study at a 5.1% interest rate. The rates will increase after completion of the course.

The scheme was welcomed by UCC Students’ Union welfare officer Dave Carey, but the Union of Students in Ireland has said such loans will give the Government an excuse to increases fees more and sooner.