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'I was the first of my family to go to university and this week I paid off the last of my loan'

While I repaid the money they lent me, I owe my local Credit Union so much more, writes Gavin Nugent.

THIS WEEK, WITH enormous satisfaction, I paid off the last instalment of my third level Credit Union loan.

For the last four and a half years, I’ve paid whatever I could, whenever I could, off the loan I took out to fund my Master’s Degree in Dublin Institute of Technology.

I always did so happily, and gratefully because I know, realistically, if it wasn’t for the Credit Union in Gorey, Co Wexford, further study, and all the opportunities that came with it, wouldn’t have been possible.

My background

There is some context to this story that is important. I come from an ordinary working class background. My parents, neither of whom went to college, worked incredibly hard to provide myself and my siblings with every opportunity possible in our lives.

We moved down to Wexford when I was a child, with my mam working locally, and my Dad commuting to Dublin daily for his job.

Whether it was driving us all over Co Wexford to events, training, or soccer or GAA matches, or scrimping and saving for school supplies or sports gear that was needed, they did everything they could for me and my siblings, often going without themselves.

First to go onto third level

Much to their pride, after my Leaving Cert I was accepted into UCD to study politics and economics – the first (but not the last) member of our family to go on to third level education.

Heavily supported by the third level grant and working part-time at home in Wexford, I made my way through UCD relatively unscathed, but found myself coming out the other end of my degree into an economy in crippling stagnation, youth unemployment at over 30%, with a generic Arts degree to my name.

There was little prospect of getting a good job, so I decided to get the head down, work the hours I could, save up money, and go back to college to do a Master’s degree.

Fast forward to 2013 – I had been accepted into DIT to study an MA in Public Affairs and Political Communication. I had saved up some money – not enough, and I was fairly confident I would receive some grant off my fees, considering my and my parents’ financial situation (the recession and negative equity had hit hard), but I needed a third level loan to cover the rest of the fees, and a deposit for a room in Dublin.

Asking for a loan

I made an appointment to the local bank, and asked for a loan of €4,000. I thought it was a modest sum, and that I would be approved as a matter of course – surely I could afford to pay back €4,000 over the course of my lifetime, even if everything went wrong? Not so.

I was (metaphorically) laughed out of the building, despite both parents acting as guarantors, and it looked like the plan of doing my Master’s was slipping away from me. Enter my local Credit Union.

My mam reminded me that I had some savings (very modest) in my Credit Union account, and I should try them for a loan. I’m so glad I did.

My loan was approved – I found a place to live, paid the couple of thousand in fees I owed, and went on to graduate from DIT in 2014.

In times of unpaid internships and in between, I reduced my payments – no problem. I missed a couple of payments here and there – no issue. Since I started working and getting a decent wage I upped my payments, again, with no penalty or hassle.

I’ve finally cleared my loan

Until this week – when I finally cleared my loan. While I repaid the money they lent me, I owe my local Credit Union so much more.

The professional opportunities, previously out of reach, that having a Master’s has unlocked, have been brilliant. Their understanding of the situation facing young people when I was working an unpaid internship and couldn’t make my agreed payments, was such a huge comfort and help.

They didn’t just lend me money – they invested in me. I always felt like an actual person to them – not just an account that they needed to balance.

In the meantime, I’m going to keep saving with them, so I can support other people in situations like mine to get loans. I would encourage others to do the same.

Gavin Nugent is a communications professional, who has previously worked in the corporate and NGO sector. He is currently the press officer with the Green Party. Follow him on Twitter @gavnugent.

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    Mute Keith Dunne
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    Jun 8th 2019, 9:52 PM

    Straight outta Carlow.

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    Mute G
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    Jun 8th 2019, 9:04 PM

    Gwan the boyz yup yup

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    Mute TamuMassif2019
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    Jun 8th 2019, 11:00 PM

    Embarrassing…

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    Mute Daragh Ó Murchú
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    Jun 9th 2019, 12:19 AM

    @TamuMassif2019: cad go díreach a bhfuil náireach fúthu ?

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    Mute TamuMassif2019
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    Jun 9th 2019, 12:57 PM

    @Daragh Ó Murchú: I never put much effort into Irish at school…

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    Mute TamuMassif2019
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    Jun 9th 2019, 1:00 PM

    @Daragh Ó Murchú: Them denying their own culture and trying to act if they belong to another culture and to another race, why making eejits of themselves.

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    Mute Mike Spillane
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    Jun 9th 2019, 2:49 PM

    @TamuMassif2019: you haven’t got a clue. I’d say Irish wasn’t the only part of your education you neglected.

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    Mute David Hickey
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    Jun 9th 2019, 5:12 PM

    @TamuMassif2019: Would you say the same of a rock band? Rock music is from the south of the US originally. Should we stop that, and only play trad so?

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    Mute Disco Pants
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    Jun 8th 2019, 9:12 PM

    Lowest common denominator trash for the most brainless in society.

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    Mute .
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    Jun 8th 2019, 9:18 PM

    @Disco Pants: ooooooh look at me I use big words to seem smarter than anyone else

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    Mute Patsy Mongan
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    Jun 8th 2019, 9:18 PM

    @Disco Pants: moron

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    Mute Conor Daly
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    Jun 8th 2019, 9:20 PM

    @Disco Pants: idiot

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    Mute Disco Pants
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    Jun 8th 2019, 9:22 PM

    @Conor Daly: who bees you dog? Gnome sayin

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    Mute Leitrim303
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    Jun 8th 2019, 9:22 PM

    @Disco Pants: i bet you would be great crack on a night out

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    Mute j4VEpUO8
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    Jun 8th 2019, 9:25 PM

    @Disco Pants: put down what you don’t understand is smart thinking

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    Mute j4VEpUO8
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    Jun 8th 2019, 9:26 PM

    @T Jay O’Mea: putting

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    Mute Blockboy Bertie
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    Jun 8th 2019, 9:40 PM

    @Disco Pants: bellend

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    Mute Marty
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    Jun 8th 2019, 10:03 PM

    @Disco Pants: Hey mate you havnt got a clue what’s up

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    Mute John Paul
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    Jun 8th 2019, 10:07 PM

    @Disco Pants: brainless? Most of these lads are above average intelligence. They have to be to write songs and have the intelligence and confidence to come up with lyrics on the spot

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    Mute Barry Dempsey
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    Jun 9th 2019, 7:55 AM

    @Disco Pants: thanks for your insight. Lowest common denominator trolling

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    Mute Cheeky Bums
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    Jun 8th 2019, 9:50 PM

    Anyone else remember Scary Éire?

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    Mute G
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    Jun 8th 2019, 10:09 PM

    @Cheeky Bums: Yeah, last I heard he got whacked in Compton, drive by shooting. Rip Scary

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    Mute Linda Kirby
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    Jun 8th 2019, 11:51 PM

    @Cheeky Bums: They played the sugar club on Paddy’s weekend, wasn’t there but it was a great gig so I’ve been told.

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    Mute Rob Cahill
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    Jun 10th 2019, 10:35 AM

    @Cheeky Bums: Yeah, Saw them live back in the day.. great band.

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    Mute Tommy D
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    Jun 8th 2019, 9:21 PM

    Mago x mathman have some really good stuff that deserves more air play

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    Mute popeye Doyle
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    Jun 8th 2019, 10:40 PM

    Load of me b. O. X s

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    Mute Keith Dunne
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    Jun 8th 2019, 10:14 PM

    I said a hip hop …… stall it down the shop ….

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    Mute Sirius
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    Jun 9th 2019, 7:39 AM

    “entrenched racism”? How about a fact check on that claim.

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    Mute Linda Kirby
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    Jun 8th 2019, 11:54 PM

    It’s quite astonishing that an article about Irish rap has no mention of Scary Eire

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    Mute TheFreeSpeechParty
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    Jun 8th 2019, 10:46 PM

    Just need to avoid the trap that happens with any Dublin scene where a group of artists get good, then disappear up their own posteriors

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    Mute Iarla Ó
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    Jun 8th 2019, 10:28 PM

    Kneecap’s album gets played a lot in our car. Check them out on YouTube/Spotify if you haven’t already.

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    Mute J
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    Jun 8th 2019, 10:39 PM

    The comments here are hilarious

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    Mute thephantomshit
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    Jun 8th 2019, 11:43 PM

    Is seems like most Irish hip hop that makes social media graduated out of gonzaga college

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    Mute Keith Dunne
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    Jun 8th 2019, 9:53 PM

    Straight outta Carlow

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    Mute Sega Yolo
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    Jun 8th 2019, 10:05 PM

    @Keith Dunne: or Straight outta Carlaa

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    Mute De20
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    Jun 8th 2019, 10:22 PM

    I really don’t the Kneecap boys would call themselves northern Irish and what’s with the ‘his real name is an Irish name’ comment? What’s that supposed to mean? Belfast is cheap compared to Dublin but you would be hard pushed to get a room in a shared house for less than £250 a month. For a flat, you’ll be talking £500 a month unless it’s in the absolute worst areas

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    Mute De Zach Same
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    Jun 9th 2019, 4:30 AM

    @De20: We are taking Irish hip hop and somehow you manage to make it about property prices….shame on you.

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    Mute Al coholic
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    Jun 9th 2019, 1:43 AM

    Fair play lads all the best no mention of Rob Kelly from Wexford who really blazed a trail for the hip hop community

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    Mute Bass demon
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    Jun 9th 2019, 2:42 PM

    Rap/ hip hop just never sounds good done by Europeans it just comes across as lame and fake .

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    Mute Michael Maher
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    Jun 9th 2019, 8:27 PM

    diddi diddle dillidy dillidy dillidy dee

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    Mute Marty
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    Jun 8th 2019, 10:05 PM

    These boys are very talented not mainstream which is great….we are sick of PC bullshit we’re know
    what’s going down

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    Mute TamuMassif2019
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    Jun 8th 2019, 11:03 PM
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    Mute Vory2Stars
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    Jun 8th 2019, 10:32 PM

    5th element on youtube. Class lads!

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    Mute Donwon999
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    Jun 9th 2019, 9:49 AM

    Calling all da scraggy b I tches from accross the land. Jump up on me 1997 Civic and we’ll show those nerds.

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