Financial help when unemployed – It’s not easy to get
I did not lose my job, but the thing is that a friend of mine has been unemployed for a while now. She lost of job at the university laboratory about two months ago, and even if she is a student and receiving some money from her parents, she is in trouble financially. Naturally she does not want to concern her parents with this but instead she is looking for alternative ways to finance her situation, and that is where it gets a little tricky.
Since she is a student, no-one expects her to get a job in the near future – well not at least before she graduates. That makes her a bad candidate for an unemployed loan. She will have to find an unemployed financial help center, and try there. Well the thing is that she already did try that, and the thing backfired like bad.
When you are a student you are not counted as unemployed, and you are not counted as someone who is working. Instead you are considered as an employed person who does not have income. Basically that means that you are not going to be able to get any financial help that is intended for the unemployed, neither are you going to be able to get a loan like people with steady jobs. Since you don’t have time to go to work you are basically sitting on thing air with this.
Unemployed loans are one thing, and they should not be considered by anyone in my opinion. I mean – who in their right mind will apply for a loan with high interest rates when they are idle, and not getting a steady income stream from anywhere, and on the top of that they have no job at sight. If you really want to be well off financially I suggest you start saving money right now, and forget about loans and anything related – you are not going to get them anyways when you most need them.