IRISH students will soon be able to apply for more affordable loans, as a British firm prepares to launch in Dublin.
Future Finance, a British company headquartered in Dublin, plans to expand its services to the Irish market.
The firm offers specialised loans to undergraduate and postgraduate students to fund their studies.
While loans are available to Irish students through banks and credit unions, Future Finance loans are capped at £75 per month for the duration of the student’s degree.
Full repayments do not commence until three months after graduation, unlike the existing student loan systems in Ireland.
The expansion of Future Finance into the Irish market will see 50 new employees hired over the next two years – more than doubling its workforce of 48.
Having launched just over a year ago, Future Finance has received 25,000 loan applications from every university in Britain – and has handed out £16m to fund students’ studies.
Ireland will be the first country the company extends its services to as it looks at a Europe-wide launch.
The move is being supported by Ireland’s Department of Jobs, Enterprise and Innovation through IDA Ireland.
