Advice regarding educational loan and final offer letter
I’m supposed to join RMIT University this July for my Masters program but I’ve suddenly run into a huge problem with my financial documents and I honestly don’t know what to do anymore.
My studies are mainly funded through my parents’ savings + an education loan from Credila. Before applying, my agents and financial advisors told me that this loan setup would work and be accepted by the university.
But now, after waiting so long in the process, the university has suddenly informed me that they do not accept non-collateral loans. This completely shocked me because if I had known this earlier, I would’ve started another process months ago.
Now the issue is:
Getting a new collateral loan will take at least another 15 days or more
After that I still need to submit everything again
Then visa processing itself may take around 4 weeks
My course starts in July, so this entire delay completely ruins my timeline. I genuinely want to attend this intake and I’ve already invested so much time, effort, and money into this process.
I’m also trying not to put additional financial pressure on my parents because arranging collateral suddenly is not easy at all.
Has anyone faced something similar with RMIT or Australian universities?
Did Credila/non-collateral loans work for anyone?
Is there any workaround, alternative financial proof, or anything I can do at this stage?
Would really appreciate any advice because I’m honestly very stressed and confused right now.