Welcome to MoneySavingExpert.com's Forums!
THE EASY WAY: All the Forum's best tips go in MoneySavingExpert's weekly E-mail
Plus you'll get all the new guides, deals and loopholes. It's free & spam free
IMPORTANT! This forum isn't moderated.
If you spot a spam, illegal, offensive, racist, libellous post or PM please email abuse@moneysavingexpert.com

  Remember, this is an open forum! Anyone can post so always exercise caution when acting on info.
  Don't post links for personal gain. Except in the referrers section and always declare any interest.
You must Register to post (don't worry it's free)
Reply
Views: 7676  
Thread Tools Search this Thread Display Modes
Old 16-06-2009, 6:12 PM   #1
MSE Natasha
ML's Personal Researcher
MoneySaving Stalwart
 
Join Date: Jul 2006
Location: London
Post Count: 412
Thanked 1,120 Times in 255 Posts
Default PDF Parents' Guide To Student Finance 2009/10 Discussion



This thread is specifically to discuss the content of the


To discuss or ask a question about this guide: click reply

Last edited by MSE Natasha; 16-06-2009 at 7:45 PM..
MSE Natasha is offline   Reply With Quote Report Post
The Following User Says Thank You to MSE Natasha For This Useful Post: Show me >>
Old 17-06-2009, 12:12 AM   #2
Taiko
MoneySaving Stalwart
 
Join Date: Dec 2008
Post Count: 237
Thanked 167 Times in 108 Posts
Default

Just as a note to anyone else, I will be on hand to answer any technical queries.

I have been employed as an assessor for an LEA for the last 3 years, and have a depth of knowledge regarding support, the regulations, payments, anything.
Taiko is offline   Reply With Quote Report Post
Old 24-06-2009, 10:19 PM   #3
bobmccluckie
MoneySaving Convert
 
Join Date: Oct 2005
Post Count: 53
Thanked 20 Times in 9 Posts
Default

Taiko
Why not start by warning parents of the appalling situation at Student Finance England that they will experience between now and August?
bobmccluckie is offline   Reply With Quote Report Post
The Following User Says Thank You to bobmccluckie For This Useful Post: Show me >>
Old 24-06-2009, 10:21 PM   #4
bobmccluckie
MoneySaving Convert
 
Join Date: Oct 2005
Post Count: 53
Thanked 20 Times in 9 Posts
Default

Martin
Will you please, please look into the utter chaos that is student finance england. The new company set up to administer student loans in England from 2009 is in melt down. I will not bore you with my details but simply ask you to look at this forum as an example of what is happening. People are being told they are only getting minimum maintenance loans and no maintenance grants when they know they are entitled to them. This is a deliberate action by Student Finance England who are desperately trying to clear the backlog by fair means or foul.
Look here
http://www.thestudentroom.co.uk/forumdisplay.php?f=176
bobmccluckie is offline   Reply With Quote Report Post
Old 24-06-2009, 11:15 PM   #5
Taiko
MoneySaving Stalwart
 
Join Date: Dec 2008
Post Count: 237
Thanked 167 Times in 108 Posts
Default

Hi Bob,

I was actually on TSR before coming over here, and stil post on the forums. I previously ran an "Ask an LEA Assessor" thread there. However, this thread was removed because Student Finance England complained about the corretc information I was giving out.

In a post I made in February, I pointed out they were adding a functionality to their system where if they did get a backlog it would allow them to just non-means test everyone. There is no excuse for the delays though tbh, because statistics over the years have shown the relevent numbers, and they have had since 2006 to prepare for this.

I don't know what actually goes on inside their Darlington office, but I know they are having a lot of problems. Staff do not have the knowledge LEA's did, and have been known to make mistakes, hence people posting here and on TSR about them.

I encouraged people to apply in February when the applications became available. I knew this would happen the moment I saw the guidance sent out, so I tried to actually warn people several months ago. I'm still offering assistance, as with morale how it is, I couldn't care too much if I'm forced out of my job for doing the right thing.
Taiko is offline   Reply With Quote Report Post
Old 27-06-2009, 5:36 PM   #6
stephenR
MoneySaving Newbie
 
Join Date: Jun 2009
Post Count: 1
Thanked 0 Times in 0 Posts
Default

Very useful info for budgeting. I have to top up my daughters loan which is fine but does anyone know how much students spend on average and what would be a reasonable contribution over and above the statutory amount?
stephenR is offline   Reply With Quote Report Post
Old 27-06-2009, 5:37 PM   #7
Lokolo
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Apr 2007
Post Count: 8,803
Thanked 4,090 Times in 3,000 Posts
Default

Honestly, it depends completely on the person....



Save £15k by Graduation (July 2011) - £9,850 / £15,000
Save £8k for new Car - £1,000 / £8,000 [I want a Mazda3 2.0 Sport ]
DooYoo Points - 6,605 / 50,000
Lokolo is online now   Reply With Quote Report Post
The Following User Says Thank You to Lokolo For This Useful Post: Show me >>
Old 27-06-2009, 6:46 PM   #8
Oldernotwiser
Deliciously Dedicated Doubly Diehard MoneySaving Devotee
 
Join Date: Jan 2007
Post Count: 15,458
Thanked 25,959 Times in 10,250 Posts
Default

Quote:
Originally Posted by stephenR View Post
Very useful info for budgeting. I have to top up my daughters loan which is fine but does anyone know how much students spend on average and what would be a reasonable contribution over and above the statutory amount?
More to the point would be to see what they spend it on!
Oldernotwiser is online now   Reply With Quote Report Post
Old 21-07-2009, 12:30 PM   #9
mcallister1
Serious MoneySaving Fan
 
Join Date: Sep 2005
Post Count: 1,790
Thanked 3,458 Times in 907 Posts
Default

I have only just got my daughter to apply for student finance- she hasn't been well and also is disorganised. I can see this is going to be a problem as we will be at the bottom of the list.
She has said we will be supporting her application and I've filled in the bit about income. However, it is clear that we aren't going to be eligible for anything as my husband earns over the limit. That being the case, do you think its worth sending off all the documents etc or is there a way of asking for a maintenance loan without putting in all the p60s etc?
mcallister1 is offline   Reply With Quote Report Post
Old 21-07-2009, 12:45 PM   #10
MrsManda
MoneySaving Stalwart
 
Join Date: Jan 2009
Post Count: 506
Thanked 457 Times in 295 Posts
Default

Quote:
Originally Posted by mcallister1 View Post
I have only just got my daughter to apply for student finance- she hasn't been well and also is disorganised. I can see this is going to be a problem as we will be at the bottom of the list.
She has said we will be supporting her application and I've filled in the bit about income. However, it is clear that we aren't going to be eligible for anything as my husband earns over the limit. That being the case, do you think its worth sending off all the documents etc or is there a way of asking for a maintenance loan without putting in all the p60s etc?
She can apply for non-income assessed which will mean that your daughter will get 75% of the loans available, but won't be eligible for any grants. However it may still be worth sending off the documents 'just in case'.
MrsManda is offline   Reply With Quote Report Post
The Following User Says Thank You to MrsManda For This Useful Post: Show me >>
Old 21-07-2009, 1:01 PM   #11
mcallister1
Serious MoneySaving Fan
 
Join Date: Sep 2005
Post Count: 1,790
Thanked 3,458 Times in 907 Posts
Default

Quote:
Originally Posted by MrsManda View Post
She can apply for non-income assessed which will mean that your daughter will get 75% of the loans available, but won't be eligible for any grants. However it may still be worth sending off the documents 'just in case'.
Thanks for replying so quickly- I don't think there is any way she will get the extra, so do you think there is a way of changing her application? As it has already been submitted and it would be quicker if they were not waiting for stuff from us
mcallister1 is offline   Reply With Quote Report Post
Old 21-07-2009, 1:24 PM   #12
MrsManda
MoneySaving Stalwart
 
Join Date: Jan 2009
Post Count: 506
Thanked 457 Times in 295 Posts
Default

Quote:
Originally Posted by mcallister1 View Post
Thanks for replying so quickly- I don't think there is any way she will get the extra, so do you think there is a way of changing her application? As it has already been submitted and it would be quicker if they were not waiting for stuff from us
Someone else with a better understanding of the system may be able to give you better advice but I believe that the only way to change an application is to submit a change of circumstances form and those don't generally get looked at until after the initial assessment so would not help your daughters application be processed quicker (possibly have the opposite effect). As the financial details are based on 07/08 for this year would it not be relatively easy for you to submit the financial information?
It's unlikely to delay the application much as I believe they are currently assessing everyone as non-income assessed in the first instance to ensure everyone gets some funding in September
MrsManda is offline   Reply With Quote Report Post
The Following User Says Thank You to MrsManda For This Useful Post: Show me >>
Old 21-07-2009, 1:53 PM   #13
mcallister1
Serious MoneySaving Fan
 
Join Date: Sep 2005
Post Count: 1,790
Thanked 3,458 Times in 907 Posts
Default

She called and they said they would change it- whether they have or not I don't know!
mcallister1 is offline   Reply With Quote Report Post
Old 22-07-2009, 1:30 PM   #14
mickflynn39
MoneySaving Convert
 
Join Date: May 2008
Post Count: 19
Thanked 5 Times in 2 Posts
Default

The student loan for my son is based on the tax year 2007/2008.
Does anyone know what tax year the student maintenance grant is based on?
mickflynn39 is offline   Reply With Quote Report Post
Old 22-07-2009, 2:29 PM   #15
bobmccluckie
MoneySaving Convert
 
Join Date: Oct 2005
Post Count: 53
Thanked 20 Times in 9 Posts
Default

same year, 2007-08.
bobmccluckie is offline   Reply With Quote Report Post
Old 22-07-2009, 4:54 PM   #16
digitals2_t2
MoneySaving Newbie
 
Join Date: Jul 2009
Post Count: 1
Thanked 0 Times in 0 Posts
Default

Plz Tell Me How Fill All Requiare ?
Thanks For Sharing with me
Really Good Forum
digitals2_t2 is offline   Reply With Quote Report Post
Old 22-07-2009, 6:57 PM   #17
learning in earnest
MoneySaving Newbie
 
Join Date: Mar 2008
Post Count: 10
Thanked 1 Time in 1 Post
Default

First of all thank you for the fact that there is such help here!

My son is starting Uni in September and we are about to do the online Student Finance Applications this weekend, BUT you say the figures they want are for the year 2007-2998, but I am disabled and my husband was made redundant 4 weeks ago so thes figures from 2007-8 won't really help.

Also, are savings taken into account in the means tested portion? We don't have much at all, so I feel sure they wont matetr, but does anyone know what teh limit is savings wise if they are taken into account please?

Thanks x
learning in earnest is offline   Reply With Quote Report Post
Old 22-07-2009, 7:30 PM   #18
student_advisor
MoneySaving Stalwart
 
Join Date: Jul 2007
Post Count: 393
Thanked 243 Times in 177 Posts
Default

Quote:
Originally Posted by learning in earnest View Post
First of all thank you for the fact that there is such help here!

My son is starting Uni in September and we are about to do the online Student Finance Applications this weekend, BUT you say the figures they want are for the year 2007-2998, but I am disabled and my husband was made redundant 4 weeks ago so thes figures from 2007-8 won't really help.

Also, are savings taken into account in the means tested portion? We don't have much at all, so I feel sure they wont matetr, but does anyone know what teh limit is savings wise if they are taken into account please?

Thanks x
You will have to provide the 2007/08 tax year figures. If your combined income was over £25k in 2007/08 and is now at least 15% lower, you can apply to be assessed on the current year instead. The best way to do this is complete the online form as requested (i.e. 2007/08 info) and then download the form "current year income assessment form" (scroll down the page under "If you're expecting your household income to drop"). You will need to make sure you include all the relevant evidence asked for for both parts.

As for savings, there is not a savings limit as such, however, you need to declare the taxable interest earned on your savings, so you ignore the capital and any money made on an ISA.
student_advisor is offline   Reply With Quote Report Post
The Following 2 Users Say Thank You to student_advisor For This Useful Post: Show me >>
Old 22-07-2009, 7:36 PM   #19
learning in earnest
MoneySaving Newbie
 
Join Date: Mar 2008
Post Count: 10
Thanked 1 Time in 1 Post
Default

Thank you ever so much for your prompt response.

I will do this straight away.

Thank you!
learning in earnest is offline   Reply With Quote Report Post
Old 23-07-2009, 8:33 AM   #20
mandy.h
MoneySaving Convert
 
Join Date: Mar 2008
Post Count: 90
Thanked 127 Times in 53 Posts
Default

hi im looking for advice my daughter is applying now to go to uni sept 2010 i am currently student nurse on a bursery but finish sept 2009 and will be employed from then. my husbands income is 14000 my questionis 1.will they count my bursery 2. what income do i declare bursery or upcoming wage

there will be a big difference in our income once i am employed so depending on which one they will use influences where she will be able to accept a place

any advice appreciated as have spent hours on hold to student finance hot line with no success

thanks



proud mum of son with aspergers
mandy.h is offline   Reply With Quote Report Post
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

 Forum Jump  


All times are GMT. The time now is 12:26 AM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2009, Jelsoft Enterprises Ltd.
 Forum Jump  

Martin's Money Tips

Forum Etiquette
Pls be nice to all MoneySavers. There's no such thing as a stupid question, and even if you disagree courtesy helps.
Take care over copyright. Use excerpts and links rather than copying long text. This site asserts copyright on all comments posted on the board.
   
This website is based on journalistic research. It does not constitute financial advice. Any information should be considered in regard to specific circumstances. All tips are followed at your own risk and should be followed up with your own research . See Full Terms & Conditions and Privacy Policy. ® Martin Lewis and MoneySavingExpert.com. 'Martin Lewis' and 'Money Saving Expert' are registered trademarks belonging to Martin Lewis.