ou. ousba? help please

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maybe wrong place to post but can any of you guys tell if ur not selected for funding for a course how does the ousba work. i mean does it go against you if ur credit is wrank.just curious thats all.

once again thanks guys.

 

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whats ousba?

 

A quick google suugests "OU Student Budget Account".

Not sure what this means though

Hary.

 

it means if u get refused for funding u acn either pay in full or u can get the open university student bursary awards to pay it for u at an apr of 6.8% or free if u pay it offbefore ur course is finished. i was just wonderring f a person was to have bad credit with they still be able to apply.

 

Er - how about asking them?

There really isn't enough info for me to comment here.

Harry.

 

cheers harry,but there closed i will ask monday i just thought somebody may have done a course with them inn the past.

 

I have never applied for finance on any of their courses, I have always gone straight to OUSBA.

 

Back when I did OU, it only cost around £300 per year.
I'd suggest that the most economical way of funding is to try and save up a bit in advance.

 

hey m8 and cheers. i may have been funded through the low income way,but if i dont get funded what way does the ousba work and does it go against you for having bad credit!!