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What is the nominal budget for a 2012/13 student?
Comments
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But, given that you must receive the more generous funding package available to students from low income families, why on earth do you feel the need to work for 30 hours as well? Why must you have the same income as a well paid worker while you're a student?
I get the maximum Loans and Grants.
I work this much because I live in my own flat with my other half, and half of my wages are for things non flat related - the other half of my wages I give to my Mum to help her out. We have an agreement that I will continue to do this, until it starts to affect my grades.SAVINGS: £63.86 // £3,0000 -
MusicalLawyer wrote: »I'm pretty sure the low income students would disagree with you on that one.
A student will get less based on their parents income - therefore if the parent wishes to squander this income on cars & holidays (& on debts relating to cars / bad spending etc) rather than spend that money on their childs education - then that is their decision.
Oooops sorry, I must have been unclear. I meant that as a "high income" parent I feel that my children should get the same amount to live on as a student from a low income home, so my kids should be topped up by us (their parents)to make up the difference.
I certainly wasn't suggesting that I think low income students should get less money
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Neat. I'll post them for you.For any visual types who'd like to see how the grants and loans pan out for different households, I've drawn some charts.
However as a newish user I'm not allowed to paste active links, so if you want to see the charts you'll have to cut and paste them yourself:
Student living outside London:
docs.google.com/spreadsheet/oimg?key=0Al62MYZPYAkqdGt2Ukh0d2k3Z2sxNDQ0S0VmTHBIS3c&oid=7&zx=wswnx7legka3
Student living in London:
docs.google.com/spreadsheet/oimg?key=0Al62MYZPYAkqdGt2Ukh0d2k3Z2sxNDQ0S0VmTHBIS3c&oid=5&zx=e51ioqh5x34d
HTH0 -
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For any visual types who'd like to see how the grants and loans pan out for different households, I've drawn some charts.
However as a newish user I'm not allowed to paste active links, so if you want to see the charts you'll have to cut and paste them yourself:
Student living outside London:
docs.google.com/spreadsheet/oimg?key=0Al62MYZPYAkqdGt2Ukh0d2k3Z2sxNDQ0S0VmTHBIS3c&oid=7&zx=wswnx7legka3
Student living in London:
docs.google.com/spreadsheet/oimg?key=0Al62MYZPYAkqdGt2Ukh0d2k3Z2sxNDQ0S0VmTHBIS3c&oid=5&zx=e51ioqh5x34d
HTH
With bursaries etc the difference might be even bigger?0 -
This government website has the following to say:-The role of parents, spouses and partners
What you need to know about your role and responsibilities if you're supporting a student through university or college.
What's expected of parents, spouses and partners?
If you are the parent, spouse or partner (sometimes referred to as 'sponsor') of a student, you may be expected to make a contribution toward their costs whilst they are at university or college.
Your local Student Finance NI office will determine whether or not you need to make a contribution, and the amount. Their decision will be based on the information you give when the student applies for a Student Loan, grant, or assistance with tuition fees. For an overview of the types of help students can get, see ‘Money for university'.
http://www.nidirect.gov.uk/the-role-of-parents-spouses-and-partnersMaking your contribution
If your local Student Finance NI office decide that you will need to make a contribution, they will assume that you are doing so. If you do not make this contribution, the student is unlikely to have sufficient money available to fund their study.0 -
MusicalLawyer wrote: »I get the maximum Loans and Grants.
I work this much because I live in my own flat with my other half, and half of my wages are for things non flat related - the other half of my wages I give to my Mum to help her out. We have an agreement that I will continue to do this, until it starts to affect my grades.
That's really good of you.
As an aside, have you checked that she's receiving all the benefits that she might be eligible for?0 -
Getting a bursary is great because it reduces the student's total debt. But these charts are exclusively about maintenance income. Bursaries pay all or part of the tuition fees, which I haven't included on the chart (because you can't live on them).setmefree2 wrote: »With bursaries etc the difference might be even bigger?0 -
Getting a bursary is great because it reduces the student's total debt. But these charts are exclusively about maintenance income. Bursaries pay all or part of the tuition fees, which I haven't included on the chart (because you can't live on them).
Bursaries come in all sorts of different types. Some are simply cash, some are vouchers that can only be spent on certain items (eg books/stationery) and some come as fee reductions. In general bursary values appear to be falling. The minimum statutory bursary for a student on the full maintenance grant is £329. In general, you are lucky to get much more than that.0
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