Help With Student Loans - HERE!

KazSeighrth

Wow this is a very informative thread im new here but at this early I managed to learn more from all of your posts. Thanks

robnye

hello, im alittle confused, when my eldest daughter started university 3 years ago, her total maintenance loan was approx £4600 (plus £300 grant)
my middle daughter is due to start this sept (2011) and the estimates are that she will be entitled to £3564 (plus the tuition fees)
as it stands that figure will not be enough for her to pay for her accomodation.

is this right or am i missing something obvious

MrsManda

robnye wrote: »

hello, im alittle confused, when my eldest daughter started university 3 years ago, her total maintenance loan was approx £4600 (plus £300 grant)
my middle daughter is due to start this sept (2011) and the estimates are that she will be entitled to £3564 (plus the tuition fees)
as it stands that figure will not be enough for her to pay for her accomodation.
is this right or am i missing something obvious

£3564 is the minimum maintanence loan she can get. Did she fill out the calculator below as a non-income assessed application or did she put in your income details?
http://www.direct.gov.uk/en/EducationAndLearning/UniversityAndHigherEducation/StudentFinance/Applyingforthefirsttime/DG_171542

Have you used the SFE Calculator for 2011/12 to get your figures?
http://www.studentfinance.direct.gov.uk/portal/page?_pageid=153,4680136&_dad=portal&_schema=PORTAL

If she isn't income assessed she will also not get any grants.
http://www.direct.gov.uk/en/EducationAndLearning/UniversityAndHigherEducation/StudentFinance/Applyingforthefirsttime/DG_174046

Oldernotwiser

Has your income increased in the last 3 years?

robnye

actually my income hasnt increased at all for 3 years (ie no pay rise)
we did enter our income, but it didnt make any difference.

when my eldest went to uni, starting in sept 2007, i know the income assessment max was higher, but even now we fall just over the max (which is now lower)

i am aware that she wont get any grants, i just find it a little strange that the max she will get will be less than a lot of the accommodation will cost

whilst we are not against helping her with what we can, we certainly cant stump up hundreds let a lone thousands, just so she is able to live (excluding socialising).

surely if she wanted the maintenance loan to be higher, then they should allow her to take the higher amount - it will be paying it back eventually

it seems like i get stuffed by the government and they stuff my daughter as well, the only good thing is she will avoid the £9k+ tuition fees

Hyooman

Hi. Can anyone tell me, have Barclays bought the old student loan book? I've had a letter from people claiming I owe Barclays money, but as far as I'm aware, the only debt I have is an old student loan.Thanks for any info!

Oldernotwiser

Hyooman wrote: »

Hi. Can anyone tell me, have Barclays bought the old student loan book? I've had a letter from people claiming I owe Barclays money, but as far as I'm aware, the only debt I have is an old student loan.Thanks for any info!

What do you mean by "people" - do you mean debt collectors?

Renya

I was wondering if anyone could help me with my question?

If I dropped out of uni at the end of the year and then started my first year again at another uni (perhaps one or two years later), would I be entitled to funding for the full 3 year course? Some people have said yes and some have said no.

Thanks!

Lokolo

Renya wrote: »

I was wondering if anyone could help me with my question?

If I dropped out of uni at the end of the year and then started my first year again at another uni (perhaps one or two years later), would I be entitled to funding for the full 3 year course? Some people have said yes and some have said no.

Thanks!

You get a years extra allowance. It will depend how many years of finance you have already taken.

So a 3 year course means you can have 4 years of funding. If you have had 2 years already, it means you can only have 2 years funding left. Which means 1 year of your course will not be paid for, and this will be the first year.

Renya

Lokolo wrote: »

You get a years extra allowance. It will depend how many years of finance you have already taken.

So a 3 year course means you can have 4 years of funding. If you have had 2 years already, it means you can only have 2 years funding left. Which means 1 year of your course will not be paid for, and this will be the first year.

Ah I see, I'm in my first year, so if I dropped out at the end of the year and started a new 3 year course I'd still get funded?