Mature Students entering course with debt or financial commitments?

DEBT_23

Im 24 going back to Uni full time doing a degree of 4 yrs. i have lost my job resulted in me losing my home/mortgage i have debt and have decided going back to Uni full time is the best option for the long run. Im really considering going BR . fresh start. i cannot afford my debts as im no longer earning 24k a year and i lost my job thru complications Uni to me is the only option . Im giving up my life and all im used to to start a fresh and budget is one thing i will learn for Uni. I dont think Bankruptcy effects loans/grants etc. so i have been told anyhow.. i could be wrong. !

mummytofour

Human_Computer wrote: »

I am a 25 year old goin into my 2nd year Bsc Degree with debt problems. I wanna know whether a partner of a mature student can claim income support as we have a 15 months old dependant and v r getting £45/week Child Tax credit. Now is there anyone who is in the same position as us. We have been in heavy debt for some years now and are kinda ignoring and then making arrangements for manageable payments and den kinda breaking agreement as the company debt collectors change so its been a very very bumpy ride for us over the years better still we r way more positive as I know once the degree is completed I can manage to sort some payments and pay all in few years after University. Now at this point in time I am starting my uni on 29th and applied for student loan and tuition fee loan earyl sept I am expecting it to be in November time but want to what my partner can do as she looks after the baby and studies an accounting course at home. I paid for the course when I was working 2 years ago and is due to complete in June 2009. Any help would be a breath of fresh air.

Thanks

Hi

Income support no. Not during the academic year. But during holidays you may get JSA.


You need top make sure you have applied via LEA for adult dependants grant and parents learning allowance. You can also claim 80% childcare which might help your wife study. You will also get a student loan and manitance grant. If you are currently on IS or JSA you will get the special support grant which entitles you to a larger loan that normal.

You will prob have to pay council tax but that will have 25% education. You might get help with rent also via housing benefit. You will get free prescriptions so will your wife.

Regarding the late loan payments then contact uni for help from their access to learning fund.

With regard to the debts please call CCCS and get advice they are fab and there is loads of help on the debt free wanna be bored.

Good luck!

redmel1621

Hi
Yep me and dh are in debt, I am studying part time for a degree (2yrs left) dh starts his full time 4yr Msc course on monday...
We have a house, 2 children (3rd on it's way) 1 dog, 2 cats, 1 rabbit....
We have quite a lot of debt through credit cards, catalogues, coucil tax benefit overpayment, and various small debts to pay off too...

So you are definately not alone.

Mel x

cardiffforthefacup

Hi Debt_23,

Your not alone in losing job and house, I lost mine some years ago and a lot more besides. An awful lot of people have mishandled things and made mistakes, however try not to let it knock your confidence too much as at 24 you have got an opportunity to rebuild your life and with this past experience you will be better and stronger for it. There is a thread about bankruptcy and grants/loans on the student board, might be worth looking at. Hope you enjoy uni.

DEBT_23

thanks . i hope i do too. BR is stupid at 24 but with Uni and everything else changing in my life i do think it will clear my mind and help me focus more at Uni and study without the worry of all the debt and house. i decided vol repo is the best option. with me going Uni i dont want the agro of my old life. new start i think is best !

gettingsorted

Hi all I am 34 and going into my 2nd year teaching degree with £49,000 of debt.
Its tough I have 3 kids i husband, 2 dogs, 2 cats and a mortgage (not included in debt)
I get plenty of funding from student finance and we cope I have set up a DMP and will just do what I can.
Apart from that the whole idea of getting a degree is so that we can have better jobs it doesnt matter that we are skint now one day this will be a distant memory.
Good luck to you all and Happy learning:j

Human_Computer

gettingsorted wrote: »

Hi all I am 34 and going into my 2nd year teaching degree with £49,000 of debt.
Its tough I have 3 kids i husband, 2 dogs, 2 cats and a mortgage (not included in debt)
I get plenty of funding from student finance and we cope I have set up a DMP and will just do what I can.
Apart from that the whole idea of getting a degree is so that we can have better jobs it doesnt matter that we are skint now one day this will be a distant memory.
Good luck to you all and Happy learning:j

Hi,

This is what will motivate a lot of people and I am certainly am one of them. By far the Best example given and shows no matter how bad the debt situation in life it doesnt matter as it will all change only da most important thing dat matters is u complete ur studies n give it ur all coz it will certainly be worth it specially when that picture of u wiv ur degree........

Oldernotwiser

superspam wrote: »

I know that as a teacher I will be earning at last £21,300 per month - I've never had that much money in my life!

I don't think anybody else has, either!

kelloggs36

lol!!! You must be the superist duperist (yes I know I made the words up!!) teacher in the entire universe to earn that much!!!!!!!:D

superspam

:rotfl: oops, I meant per year! Monthly would be nice but nevermind!:D