Help With Student Loans - HERE!

melancholly

smevans wrote: »

Hi all,

I would very much like to study for an undergrad course but already with a mortgage & child and a wedding next year i'm not clear on whether or not I would be 1) entitled to funding and 2) entitled to apply for a student loan?

Can anyone enlighten me?

I listened to Martins video on youtube about the new funding system and being able to spread the cost would really allow me to get a decent qualification which is now really important to me.

can't really answer without more info - the most important part being have you done a degree/started a degree before?

http://www.direct.gov.uk/en/EducationAndLearning/UniversityAndHigherEducation/StudentFinance/Gettingstarted/DG_171574
here's the eligibility page of the directgov website. all the info you need will be on there (they have a section devoted to the 2012 system that is worth reading).

smevans

melancholly wrote: »

can't really answer without more info - the most important part being have you done a degree/started a degree before?

http://www.direct.gov.uk/en/EducationAndLearning/UniversityAndHigherEducation/StudentFinance/Gettingstarted/DG_171574
here's the eligibility page of the directgov website. all the info you need will be on there (they have a section devoted to the 2012 system that is worth reading).

Hi,

No never done a degree before or started one.

Looking at that site it mentions Student Finance and Fee Grant / Course grant and judging by the tables my household income would lead to know grant being given.

Is this just for distance learning though?

I could opt to do a PT degree at my local uni, would this then mean i go for the Student Finance rather than the Grant?

Maybe im reading it wrong.

MrsManda

smevans wrote: »

Looking at that site it mentions Student Finance and Fee Grant / Course grant and judging by the tables my household income would lead to know grant being given.

Is this just for distance learning though?

I could opt to do a PT degree at my local uni, would this then mean i go for the Student Finance rather than the Grant?
Maybe im reading it wrong.

If you're studying a PT course then you are expected to be working alongside studying so won't get loans/grants for maintanence though you will get a tuition fee loan.

Tuition fee loans

To be eligible for a tuition fee loan, this must generally be the first time you’re studying on a higher education course. To qualify you must complete a minimum of 25 per cent of the equivalent full-time course load per year.
New part-time students can’t get a grant for their living costs.

http://studentfinance-yourfuture.direct.gov.uk/part-time-students

If you study FT you'll be able to apply for the full student finance package of loans and grants.

Enn

I was wondering if i could get any support, or whether i would have to get a bank loan for tuition fees

I went to uni years ago, but have not been able to find a permanent job and have struggled a lot after finishing.I

have been offered a place studying a subject i love and a chance to start again and be happy but i don't think i can afford the tuition fees and would require a loan, which i don't think i am entitled to.

I can currently only work part time and the place is for FT study, i will work alongside with the course to be able to live. I just do not think i am able to receive any help

smevans

MrsManda wrote: »

If you're studying a PT course then you are expected to be working alongside studying so won't get loans/grants for maintanence though you will get a tuition fee loan.


http://studentfinance-yourfuture.direct.gov.uk/part-time-students

If you study FT you'll be able to apply for the full student finance package of loans and grants.

Thats perfect, no help needed with living costs - just the tuition part!

Who do i contact about Finance.

If i were to go OU, they seem to have there own Finance people, should i use those or stick to the government ones?

MrsManda

smevans wrote: »

Thats perfect, no help needed with living costs - just the tuition part!

Who do i contact about Finance.

If i were to go OU, they seem to have there own Finance people, should i use those or stick to the government ones?

I think if you're studying via the OU you need to go via the OU's finance department
http://www8.open.ac.uk/study/explained/how-to-apply/financial-support

http://www3.open.ac.uk/contact/questions.aspx?t=S&cat=1-BCU91D&par=1-BC803F

If you're studying elsewhere you apply via student finance england
http://www.direct.gov.uk/en/EducationAndLearning/UniversityAndHigherEducation/StudentFinance/DG_194804

If you want to study via the OU you could start straight away

smevans

MrsManda wrote: »

I think if you're studying via the OU you need to go via the OU's finance department
http://www8.open.ac.uk/study/explained/how-to-apply/financial-support

http://www3.open.ac.uk/contact/questions.aspx?t=S&cat=1-BCU91D&par=1-BC803F

If you're studying elsewhere you apply via student finance england
http://www.direct.gov.uk/en/EducationAndLearning/UniversityAndHigherEducation/StudentFinance/DG_194804

If you want to study via the OU you could start straight away

Thanks :beer:

Oldernotwiser

Savvy_Sue wrote: »

They won't take the lot: it's always a flat % of anything over £15,000 pa.

So yes, she'll pay a lot more in that first month than she will in subsequent months.

But no, AFAIK there's no way of getting out of this.

Whenever any of my colleagues with student loans get any back pay they always moan about the extra payment to SL, but they are still better off than they would have been without the back pay.

The poster has a pre 1998 loan so the £15,000 threshold is irrelevant.

Savvy_Sue

Oldernotwiser wrote: »

The poster has a pre 1998 loan so the £15,000 threshold is irrelevant.

So, will they take the lot, or is it a percentage?

Oldernotwiser

If the poster's OH earns £15,000 and has received back pay of £15,000 for a 5 year period then this is still well under the threshold for pre 1998 loans, although I could see that she might have a battle on her hands to prove that it's back pay.