University of Buckingham partners with Lendwise to support accessibility

4 August 2021

The University of Buckingham is partnering with private peer-to-peer student loan company Lendwise to help UK postgraduates and medical students finance their courses and maintenance.

As government loans rarely cover the whole costs of tuition fees and maintenance, students must either source the difference from their own resources or find other sources of finance. As students don’t usually have a credit history or any meaningful assets, they often find it difficult to obtain loans at a reasonable cost. Specialised firms have recently been set up to bridge that gap.

Lendwise has developed a system of “peer-to-peer” lending whereby a student borrows directly from individuals. This can have the advantage of offering lower interest rates than may be available from conventional sources.

At this stage of the partnership, Lendwise is open to applications from The University of Buckingham postgraduates and, in addition, from medical students in their third year or later. Students must be permanent residents in the UK. Lendwise has set up a custom page for University of Buckingham students.

With this partnership and the existing one with Future Finance a University of Buckingham education should be accessible to more students of all backgrounds and existing students should take comfort from the knowledge that specialised lenders are available should finances become an issue.