how do you live off student loans if it all goes on rent

Oldernotwiser

Rikki wrote: »

Thanked you by mistake.

Are we getting a little side tracked with this.

We were offered one students situation and now seem to be judging every thing said the wrong way.

I'm sure you're right; let's move on.

kelloggs36

Oldernotwiser wrote: »

I'm glad you realise the true situation now. However, your first post, which talked about your being a student yourself, "the poorest families" not getting this extra support and the loan being reduced "pound for pound", was seriously misleading. It's only when the grant is £1260 that the loan is reduced pound for pound and for that to be the case the family income would need to be in the region of nearly £40,000 pa - hardly the poorest families! Anybody whose parents' income is above this but who qualifies for a partial grant will receive the same amount (£4,625) but less of it will be a loan and need to be repaid. Anyone whose income is less than £40,000 will receive both the grant and the loan (although reduced) and will be considerably better off.

We don't live on 40k per year I can assure you. HOwever, we are deemed needy enough that she needs a partial grant - we cannot maintain her. We have 2 other children to look after and like most others, have mortgage and bills to pay. She will have to get a job this year - she will have to also approach the university for a hardship grant.

kelloggs36

What annoys me is that students are deemed to be reliant on their parents as far as university is concerned, but deemed to be totally independent for everything else. They should be assessed for themselves only - it should not be up to parents to financially support them once they have reached 18 unless they continue to pay child benefit for them, which if they go to uni they no longer get. The whole system is wrong. I agree that it is unfair to assume that a student can be and will be supported by their parents - it is too arbitary and not assessed on reality.

Oldernotwiser

kelloggs36 wrote: »

We don't live on 40k per year I can assure you. HOwever, we are deemed needy enough that she needs a partial grant - we cannot maintain her. We have 2 other children to look after and like most others, have mortgage and bills to pay. She will have to get a job this year - she will have to also approach the university for a hardship grant.

Sorry, I was quoting an approximation based on the direct.gov site.

Household income £30,000= £5,367 combined grant and loan
£40,000= £4,625 " "

You're obviously between the 2 levels as you quoted a figure of about £4,800 for your daughter's grant/loan. I didn't mean to imply your actual income.

mizzy2

asb23uk wrote: »

This is a ridiculous comment only knowing the limited detail I have gone in to about their earnings. They have made a decision to not fund my university studies be it because they cant afford to or because they don't want to, so how does that make me different to someone like yourself from a lower earning family background?? I get zero from my family just like you though you will infact have more money from loans and grants next year than i will?? Tell me why that is right? I have to work just like you if not more? I have paid for virtually everything i own for the last 8 ish years?

It shouldnt be just about money, it should be about the experience and I still manage to go out 3 times a week, you just need to work out drinking on the cheap!

Oldernotwiser

kelloggs36 wrote: »

What annoys me is that students are deemed to be reliant on their parents as far as university is concerned, but deemed to be totally independent for everything else. They should be assessed for themselves only - it should not be up to parents to financially support them once they have reached 18 unless they continue to pay child benefit for them, which if they go to uni they no longer get. The whole system is wrong. I agree that it is unfair to assume that a student can be and will be supported by their parents - it is too arbitary and not assessed on reality.

If she were living at home and working would you charge her the full costs for her keep? I just wondered, as every time this comes up on the Families board, most people seem quite shocked at the idea of doing so. I'm just putting the 2 ideas together.

Helix

Oldernotwiser wrote: »

Sorry, I was quoting an approximation based on the direct.gov site.

Household income £30,000= £5,367 combined grant and loan
£40,000= £4,625 " "

You're obviously between the 2 levels as you quoted a figure of about £4,800 for your daughter's grant/loan. I didn't mean to imply your actual income.

Your going off this years figures though, so they wouldn't apply to Kelloggs daughter as she is already at uni. Those of us already at uni got shafted with the old maximum income threshold of £38,000. The new £60,000 maximum threshold only applies to those starting this year.

kelloggs36

Oldernotwiser wrote: »

Sorry, I was quoting an approximation based on the direct.gov site.

Household income £30,000= £5,367 combined grant and loan
£40,000= £4,625 " "

You're obviously between the 2 levels as you quoted a figure of about £4,800 for your daughter's grant/loan. I didn't mean to imply your actual income.

Yes, at the bottom end of the scale!!!! It doesnt change the fact that my daughter has to spend all her money - be it grant or loan - in rent with no job at present. Hopefully she will get more luck this year and get one.

kelloggs36

That is misleading - it says that on 30k she would get over 5k, but at 40k only the loan rate, but we are at the bottom of the scale and get all of the loan reduced due to the grant.

kelloggs36

Oldernotwiser wrote: »

If she were living at home and working would you charge her the full costs for her keep? I just wondered, as every time this comes up on the Families board, most people seem quite shocked at the idea of doing so. I'm just putting the 2 ideas together.

If she was working yes I would charge her for her keep. I believe in learning the value of money, but the amount deemed possible to live on is not possible when rents are so high.