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student doing a Year in Industry Work Placement as part of degree - still counted as a student?
My son is doing a degree at university which includes the option of a 12 month year in industry work placement between the 2nd and 3rd year of the degree. Fortunately he has just managed to secure an industry placement which starts in mid-August so we are now trying to find him accommodation near the placement. The…
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Student Loan and investments
Hi, I am trying to advise my son who is just starting university in London and taking out a student loan. He is also lucky enough to have some investments in the form of an ISA and a trust which cannot be accessed for another 6 years. My question is, if after graduating he takes a job at 25K pa, just under the current…
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When does 30 years start for Plan 2 student loan if you leave at the end of Year 1?
My son completed Year 1 of University and left in July 2021 deciding that it wasn't for him. He only received one year of student loan, and the student loan company were advised by the University that he had left. He has been working but has not reached the repayment threshold since then and had been assuming that these…
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Help understanding APR of student loans - Plan 5
Can someone explain how the interest rate for Student Loans (Plan 5) is calculated. On the Gov website (educationhub blog gov uk/2023/08/01/how-are-student-loans-changing-everything-you-need-to-know/) it says: "The interest rate is set at the start of each academic year and is linked to the rate of inflation as measured by…
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Student Loan - Unable to access account
I received a letter from SLC telling me to update my employment status. They've always previously send me a paper form to do this - but this time, they're forcing me to do it online. The problem is that I am unable to access my online account. Ever since they moved from their "studentloanrepayment" website to the "gov.uk"…
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Guide discussion: Should I repay my post-2012 student loan?
This is the discussion area for the Should I repay my post-2012 student loan? guide. Click reply below to discuss. If you haven’t already, join the forum to reply.
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More than one student account?
Hi! My son has a Santander 123 current account that we have to swap to a student account before uni. He doesn't want to use this as his main account, just a 'student finance holding account' and then transfer money each month to help with budgeting. Can he also open another student account to do this. He has a UCAS code…
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Finance of studying abroad
Hello, I am due to spend a year abroad in Spain and I was wondering what the best way to manage my money would be? Is it best to open a local bank account? I am thinking that in case someone needs to pay me in euros, or if it is better to be spending money in euros instead of using a UK bank account (I am currently using…
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Universal credit situation during extension of a Masters research degree
Trying to assist our daughter. She is about to start the final year of her first degree, and wants to follow it up with a masters degree. She is a single mum with two young children, so receives universal credit, as well as child benefits (cannot recall which). She is considering doing a research MRes, which is a 12 month…
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Over 50s and student loans
I see there's a thread for the over 60s here, but I think one for the over 50s would also be beneficial. It sounds as if student loans may be becoming harder to get for the over 60s. So that makes me think I should start a course now, since I'm in my mid 50s. I already have a degree, but did not have a student loan for it.…
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Student finance rejected.
My daughter completed a year at dance university. However, she decided it wasn't for her. She wanted to leave after 6 months as she was going through some mental issues but was persuaded by tutor to complete the year of a 3 year course. She now knows what mental issue was as she has recently been diagnosed with ADHD.…
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Honours Student Loans
Hello! I wonder if anyone can help. Today, I received a letter from the HSL titled 'Important - Notice of a change to Collection Services'. They are informing me that, as of now, I am 'not eligible for the following benefits associated with the original agreement: 1. The right to apply for deferment 2. The right to have…
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Student loan debt collectors
My son was at uni just pre covid and unfortunately that and mental health issues meant he didn't complete his studies. He hasn't worked much since and certainly not enough to earn the required threshold. He has now received letters from avantus for the debt and asking mum for advice. Unfortunately I think due to his MH he…
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Over 60’s loss of student loans.
Hi, as I’m 63, am I right in thinking from 2025 I will not have access to student finance for tuition fees and that there would be little point in starting a course before the changes in January as I wouldn’t get funding for years two and three? I had hoped to do an OU access module and then three years of Accounting,…
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Council tax - Student exemption - summer holidays
I've been claiming a single person discount for a couple of years. I have two student 'children' at university. When I first started claiming, the youngest was between A'levels and university. Recently, due to some irregularities with the paperwork, the council removed my single person discount for the whole period and…
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Camp America - wages paid onto a Cliq Card
Has anyone received US wages via a Cliq card? How did you transfer the money into your UK bank account? Only solution I’ve found so far is to open a Revolut account and move the money from Cliq to Revolut then to my UK account.
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How much masters sfe loan should I take out?
I'm a masters student offer holder in data at a London Uni. I currently have 12k in savings which is just enough to cover all of my 10k rent for the academic year. This leaves me with 2k savings. I got a partial scholarship which leaves me with 5k left of tuition to pay. How much SFE loan out of the 12k maximum should I…
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Masters Degree Loan When Already Have a Masters Degree
Hello, I've searched the forum for this topic. I know I cannot get a government postgraduate loan as I already have a master's degree. Has anyone had this situation and found a good solution? I am thinking about obtaining another master's degree that is closely related to my first master's degree (first degree was in…
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Dispute over the deposit for our student house
We've just been given back the final numbers for how much of our student deposit we got back from the landlord. We paid for a cleaner, after being told it would be about £50/60 each for one, and after discussions we booked it, told our landlord to take it out of our deposits equally, and left it at that. Now, upon getting…
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Student Loan Refunds
I’ve applied for my refund & enquired about compensation interest but they said they won’t pay anything on top. Does anyone know why we’re not entitled to compensation if we have been without those funds through no fault of our own?
