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Student Loans - Scotland
I am semi retired, working part time and currently under tax threshold. I am attending full time HNC from August and will receive student loan of about £6000. All this is new to me and I am unsure whether it is worth taking the loan or not.
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Not been asked for income details in application for student loan.
Hi- I'm wondering if anyone can clarify something for me, please. My daughter is 25 and lives at home with us. She has a place at uni to start this September and has been applying for her Tuition Loan and Maintenance Loan. With my son, (who went to uni at 20) I simply filled in the supporting an application form with our…
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Third year student applying for first student bank account
Hi everyone. So the thing that nobody tells you about student banking is that if you don't open a student account in the first year of your course then you can not apply for one if you change your mind a year down the line! Ive just completed my second year and due to a change in circumstances now need to open a student…
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Need advice on student loans
Hi there. So I've been referred to this website by the Scholarship Hub because I'm in search of any help or advice thats available. My situation is thus: I am an 18 year old who has been offered a place in 4 of my 5 choices so far (undergraduate). I made an application for student finance which has been rejected due to my…
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Does Uni Placement Year affect parents benefits
Hi I'm asking for advice for my sister and Niece. My sister is has learning dificulties and claims disability. She is independednt has has her own home paid for by the council. Her Daughter has done really well and gone to University. Part of her University course was to take a years placement in a working account office.…
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Employer not paying student loan deductions to HMRC
Hi all, Just after a little advise as to where i stand regarding my student loan as my employer has not been paying my contributions to HMRC. Long story short, in December 2018 i called the SLC to settle my Student Loan as the amount remaining was less than the next months deduction. I was given a figure which i paid, i…
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Augar Review
Several reports are stating that the main recommendations to government of the post-18 education and funding review ("Augar Review") to be published on Thursday are: * To cut the maximum tuition fee cap from £9,250 to £7,500 * To cut the maximum interest rate from 6.3% to 1.5% (government cost of borrowing) * To extend the…
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10,000s risk wasting money by choosing to repay their student loan when they don't have to
Tens of thousands of university leavers are risking wasting cash - in some cases over £20,000 - by voluntarily paying off their student loan even though they aren't earning enough to have to, MoneySavingExpert.com can reveal...Read the full story: '10,000s risk wasting money by choosing to repay their student loan when…
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MSE News:Students may be able to claim £50 TV licence refund
Students across the UK may be entitled to a refund of £50 on their TV licence fee...Read the full story: 'Students may be able to claim £50 TV licence refund' Click reply below to discuss. If you haven’t already, join the forum to reply.
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Being an Au Pair and repaying loan
Advice needed please. My daughter is working as an au pair in Germany and has kept SF upto date. They have asked for various information which she has uploaded. She earns around €240 per month and has just received a letter from SF informing her that her repayments will be £405 a month starting from July 2019 Anyone else…
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Student Loan repayments
Hi All, I'm in the final year of paying off my student loan. Last December I contacted the SLC and they took my details and set up a direct debit of 128p/m. It turns out I still paid £143 in January, which I've just got round to telling them about now so phoned up and asked them to deduct 143. When I use the calculator on…
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Paying Summer Rent
I will be moving into my new accommodation for the 2019/2020 academic year in September but have had to pay rent for the accommodation during summer even though I'm not allowed to live there. I have to stay at uni over the summer so am essentially paying rent for two bedrooms. The accommodation company have said I pay this…
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Anyone had experience of the Bursary Foundation?
**Mods, I can't find anything on MSE relating to School Bursary's. Therefore I'm posing the question here. Feel free to move to move this Thread if you think it's better suited elsewhere** We are looking at Senior Schools for our Daughter who is currently in Yr5. We have identified the one we'd like to send her too. She…
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How interest is applied to loans
Hey everyone, I need help understanding how interest is applied to my loan over time. Here are some example stats Monthly Mandatory repayments (taken from my pay): £130 Interest rate: 6.3% loan: £66,000 Would my loan grow every month based on this equation ? new balance = balance + (balance * 0.063)/12 - 130 > does this…
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Top universities and MSE call for current student loan statement to be scrapped - MSE News
MoneySavingExpert.com, together with the Russell Group of universities, is calling on the Government to scrap the current student loan statement, after 90% said our redesigned version of the statement helped them understand the student loans system...Read the full story: 'Top universities and MSE call for current student…
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SHL Test Answers?
Hello to all, I have an online test pending by SHL. In all honesty, I've never done one of these assessments before and am super-nervous! I was wondering if there are any websites were I could see some actual questions? Preferably with the answers and explanations I only have a couple of days until my deadline on this, so…
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Student loans and self employed
I have a student loan which i pay off on a yearly basis being self employed. I pay this in Jan of every year, however the account accrues interest throughout the year. I am in a position that i have the money for student loan for previous tax year sitting in my account, can i pay it off early or will i be asked to pay it…
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Student Finance v Loan
Struggling with finances atm and have been paying son's accommodation fees up to now (about £1400 per term). Is it better - more cost effective - to pay fees through student finance compared to getting a loan?
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0% loan/credit card to get student housing full payment discount?
So for the full year in my university student housing would cost 6.5K in 3 2-2.2K instalments but if i can pay the full amount at the start of the year i can get a £200 discount is it advisable to try and get a 1 year 0% interest loan or credit card pay the full year on that put the money from the student maintenance loan…
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Student loan write off question for old mortgage style loans
Hi, I've got 2 sets of student loans - one set was in 92/93/94 and they are fixed mortgage style loans. The next set are income continent student loans starting in 2003. I've deferred the mortgage style loans since taking them out as I've remained under repayment threshold, until this year. So I'm just about to start…
