Higher education is an investment in yourself and your future. For many, the decision to go to university and the attendant financial implications of taking that next, exciting step will represent one the earliest and most significant financial commitments you can make. If you are from Guernsey, Jersey or the Isle of Man, securing your funding for a university place can often be a tricky process to navigate, as government grants are not always readily available. Waiting to hear about your funding can cause a lot of anxiety and uncertainty, but don’t panic! Cherry Godfrey are pleased to offer a solution. We have been investing in our beloved Island communities and homegrown talent for over 30 years. Not only that, but we understand the financial challenges presented to students, which is why we offer tailor-made student loans specifically designed to cover a spectrum of expenses.
What can I use a student loan for?
There are many initial financial outlays for students, from accommodation and course fees to textbooks and travel expenses. You don’t want to spend fresher’s week at the end of your overdraft with only a can of baked beans for company if you can help it! At Cherry Godfrey, we are dedicated to personalised financial solutions. We can customise your loan to your exact requirements, ensuring you have what you need, when you need it.
Your Cherry Godfrey loan is entirely separate from government support, offering you the total flexibility to borrow what you need for both your academic expenses and additional living costs, whether you are studying locally or overseas. Our adaptable terms provide you with the peace of mind you need to get on with your studies without worrying about your finances. The typical loan term is for the duration of your degree, but we work around what you need: just come and talk to us!
Who can apply for a student loan?
Anyone! We offer financial solutions to students entering higher education regardless of whether their studies are taking place on the island or beyond. All that is needed to secure the loan is a parent or guardian to act as a guarantor and co-sign the agreement. Our transparent approach ensures that you understand the terms of your loan every step of the way, with no nasty surprises or hidden charges.
When you apply for a student loan through Cherry Godfrey, you’ll receive preferential rates and fees for the duration of your loan, making it easier to pay back once your studies are complete.
What types of student loans do you offer?
There are two primary loan types: a personal loan for part-time higher education, allowing you to balance paid work with your studies, and a loan with interest-only repayments, perfect for full-time students.
Our repayment structure is designed to be manageable, with the option to consolidate outstanding amounts at the end of your first year and even refinance post-graduation. If you decide to refinance your loan post-graduation, you’ll still receive preferential rates and fees for the duration of the loan.
How do I apply for a student loan?
We’ve done our best to simplify the application process as much as possible for you. Whether you prefer to give us a call, reach out online, or visit us in person, our team will guide you through the options, tailoring a solution to align with your aspirations and circumstances. Once we've discussed your needs in detail, we'll provide a free, no-obligation quote for your student loan.
Following credit checks and any necessary documentation, such as guarantor information, the approval process is quick and easy. Once approved, you'll simply need to sign a few documents, and the funds can be transferred into your account on the same day. It's that straightforward!
Don’t let financial worries hold you back from achieving your academic dreams! Cherry Godfrey’s student loan products provide a reliable and convenient way to finance your all-important next steps in education. Reach out today to chat about your plans!
