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Inheritance and student loan repayment
If parents have money to help their child with a deposit for buying a house and getting a mortgage- but their child has a student loan-(child is not earning enough to repay yet) what is the best thing to do? Can the parents pay the deposit as a gift when a house is found or would the money be subject to paying the loan?Can…
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We shouldn't be called the Student Loans Company, says Student Loans Company chair - MSE News
The chair of the Student Loans Company has told MPs it'd be "more helpful" if the organisation was called something else - because it doesn't provide loans...Read the full story: 'We shouldn't be called the Student Loans Company, says Student Loans Company chair' Click reply below to discuss. If you haven’t already, join…
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Should I pay off my 1998-2005 era student loan?
Slightly unusual situation here.... I live abroad in the US, permanently most likely. I studied as a mature student and am now 51 years old. Due to postgrad study and various life circumstances, my income has been consistently below the threshold, so I have made zero repayments and owe around £17,000. I still have UK bank…
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Student Bank account Benefits?
Hello, I've heard several stories that simply having an overdraft can help boost your credit score in the future. While i don't want and won't use a overdraft, i was wondering if there is any benefit to getting a student bank account with an overdraft and not using it? or would you need to use it in order for your credit…
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Both Types of Student Loan - Repayment Rules
Someone I know has both type 1 and type 2 student loans - because they did not complete their first Uni course under type 1 but went back to uni a few years later under type 2. So type 1 you repay 9% above 15K and type 2 you repay 10% above 21K (plus inflation tweaks and so on). My question is: will they have to repay 19%…
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Threshold for repaying pre-1998 loans and self employment
Hi folks, Hoping someone can give me an answer here - I've been trying to find out how gross income is regarded in respect to self employment. I've currently deferred my pre-1998 loans, but will be going self employed shortly, driving a black cab. My turnover will be above the threshold for repayments (around £39k), but I…
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Write off on ALL Scottish student loans brought forward
Anyone who was resident in Scotland when they took out student loans will be delighted that the Scottish government have reduced the maximum repayment term on all loans taken out since 1998 to 30 years. For those who originally had a write off date at age 65 (loans taken out between September 1998 and August 2007): the…
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Mature student finance
What are the basics reference getting a loan as a mature student what's the earnings threshold for your spouse so that the learner gets support assume you live at home and access a local Uni
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10 things your kids should know - Question
sorry I wasn't sure where to post this so apologies if wrong forum. I watched this on TV last night and it was mentioned that ML has written ?writing a book for kids re finances - is this available as yet ? can I get it ? thanks
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Student coffee drinking etc
Hi there, I'm looking for some help. I'm a teacher and next week it's my turn to do an assembly for Upper sixth and I thought I would show them how to make a latte with an aeropress and a milk frother. I wanted to give them some costing comparisons to go with it but a quick Google doesn't turn anything up so I wondered if…
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Bus travel
I live within 3 miles of my college so don’t qualify for free travel. That means I have to pay £2 a day on the bus. I live just within the 3 miles so it’s quite a walk! Any idea on any loopholes to get free transport??
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Living expenses for doctoral study
Good evening. I'm looking for specific advice and am hoping to find it on here (and the postgraduate thread as well). I'm interested in making a significant career change. I'm 35 years old and originally went to University as an 18-year-old in 2001-04 I then spent the majority of my career working within the fitness…
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Student saving
I’m not sure I’m entirely in the right place but I really need help. I’m a student, who’s working part time and for some reason I have poor credit score, even thought I’ve always paid things back on time. I don’t have a credit card. I live at home with with my father who has a very bad credit score and other family members…
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Help! SFE have put me in a dire Financial Hardship situation
Hi All, I am a non-UK national, on a Spouse Dependant Visa (my husband is a British Citizen), since 2016. I have however been in the UK for more than 3 years as I had been on a Tier 4 Student Visa for 1.5 years prior to getting married. I applied via UCAS for Teacher Training and I was offered a full Bursary for ITT at two…
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Dear Taiko- Please help (Compelling Personal Reasons)
Hello I could really use some advice regarding Compelling Personal Reasons (CPR) as I cant seem to get a clear answer anywhere. I will try to be concise but if you need any extra info please feel free to ask. Commenced BSc IN 2007- Due to serious illness I had to withdraw in second year (I was not in a position to look…
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Charged for a whole term
So I withdrew from university after 2.5 weeks. A payment to the university from SLC got paid of £2312. I spoke to the university and they said the cut off date was 8 October and I withdrew on the 12 th, so they would charge me for the entire term. I feel so devastated, as not only am I no longer attending, I am paying for…
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Dropping out of uni
I am hating my course and the uni. Finding the tutors non engaging , the course not what I expected or would want to continue on with. It’s the end of week three. SFE are due to pay £2300 to my university on the 17/10. If I quit now (end of week 3) what tuition fee would I be liable for? I have scrolled the uni website…
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Beware Glide Utilities
When my daughter moved into her new student house in August this year the previous tenants had used Glide as the utilities provider. Her tenancy was from the 1st July, however, access was only allowed on 1st August. She applied to change providers immediately but, accoarding to the new provider Glide refused to activate…
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Parental financial assessment
Hi, My son has decided to apply for Uni next year. I’ve got a pretty good grasp of how the system works, but not sure how they assess household income. I know they use the previous year’s taxable income but do they take into account other children in the family, and do they take tax credits as income too? I’m returning to…
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Student Loan repayment
HI I know there is a table for this but still need to ask as I am still not sure. I am in Northern Ireland, I got student loan for academic years 1997-98 and then 98 to 99 (I was then aged 28) I have deferred apart from a few payments since then (I'm an artist ). My query is, I will be 50 in July, am I reading the table…
