Help With Student Loans - HERE!

Desperate_Housewife_2-2

I have a question if someone can answer it for me please...

My DD1 is going to uni in september and we have started filling in the online form about income. I had some savings but not much and it was for a new bathroom, I swap accounts a lot and cant remember which bank I was with for 2010-2011 or how much it was, also no paperwork. What can I do?

2nd question...we saved up in a Pru account for both kids since they were babies £20 per month each and cashed them in at 16 to put into an ISA. I have had a look at the paperwork and as it was in mu hubbys name then it says he is liable for tax for HMRC purposes. We put the money into an account for the kids, it wasnt our money, do we have to declare it on the UK insurance part or anywhere?

I dont want to get into any trouble when filling in these forms as anything tax-ish scares me a bit as its so authoritarian.

I wish I'd kept every bit of paper now!

Help please!

GreenSaints

Hi,

Just a really quick and easy question - when are the yearly statements sent out? I thought it was about now

Thank you

devildog

Desperate_Housewife wrote: »

I have a question if someone can answer it for me please...

My DD1 is going to uni in september and we have started filling in the online form about income. I had some savings but not much and it was for a new bathroom, I swap accounts a lot and cant remember which bank I was with for 2010-2011 or how much it was, also no paperwork. What can I do?

2nd question...we saved up in a Pru account for both kids since they were babies £20 per month each and cashed them in at 16 to put into an ISA. I have had a look at the paperwork and as it was in mu hubbys name then it says he is liable for tax for HMRC purposes. We put the money into an account for the kids, it wasnt our money, do we have to declare it on the UK
insurance part or anywhere?


I dont want to get into any trouble when filling in these forms as anything tax-ish scares me a bit as its so authoritarian.

I wish I'd kept every bit of paper now!

Help please!

As far as I can remember(and that's not very ) you don't have to state what savings you have, however you do have to state any interest on those savings that you have received(unless that money was/is in an ISA account and then you do not have to declare that interest either)

Re question2. If it is a simple(?) ISA account then interest need not be declared(regardless of whose name they were/are in)
If is was another sort of investment then tbh I don't know.

nannipigg

Hi I'm thinking of going back to College/UNI or even doing a distance course, but as a mature student.....I'm not sure where to start with all the finance stuff? Can anyone help???

MrsManda

nannipigg wrote: »

Hi I'm thinking of going back to College/UNI or even doing a distance course, but as a mature student.....I'm not sure where to start with all the finance stuff? Can anyone help???

College/uni/distance learning is a bit of a wide area and has different finance options associated with each part.

Do you already have a degree/have you studying at higher education level previously?
If you have a degree you won't be entitled to funding via the standard student finance package.
Though if you study certain NHS/Social work/teaching degrees you may be able to get funding even if you already have a degree/have previously studied at University.
If you haven't studied at university level you'll be entitled to the standard student finance package.
For details have a look here:
http://www.direct.gov.uk/en/EducationAndLearning/UniversityAndHigherEducation/StudentFinance/index.htm

Distance learning courses can be funded differently depending on what you're studying, where you're studying and how intense your studies are. For an example have a look on the Open University website http://www8.open.ac.uk/study/explained/how-to-apply/financial-support

Distance learning has the advantage you can study while continuing to work.

HTH and gives you a start.

Savvy_Sue

When are the OU fees going up substantially? If nannipigg wants to do distance learning, investigating that NOW would be the way to go! Not waiting until September ...

dadio77

Morning all, especially the helpful experts on here! My 18yo sis will be starting uni this September - due to issues at home she moved out of mum's about a year ago, and my other sis and brother-in-law were good enough to take her in so she could continue with her studies nearby.

My brother-in-law earns around £30k p/a, but when little sis leaves for uni in sept, she will be financially independent and need all the help she can get. How can she maximise the amount she can claim as a Student Loan or other income? Will she be assessed on my brother-in-laws income? She will have no financial support from mum who is on benefits but I fear she may be penalised for the situation she is in.

Any help would be greatly appreciated!

Dunroamin

Savvy_Sue wrote: »

When are the OU fees going up substantially? If nannipigg wants to do distance learning, investigating that NOW would be the way to go! Not waiting until September ...

Although fees are going up in September, loans are also being introduced to cover them. For many people, part time study (including the OU) will be more manageable rather than less after that date.

http://www8.open.ac.uk/study/explained/fees-2012

devildog

dadio77 wrote: »

Morning all, especially the helpful experts on here! My 18yo sis will be starting uni this September - due to issues at home she moved out of mum's about a year ago, and my other sis and brother-in-law were good enough to take her in so she could continue with her studies nearby.

My brother-in-law earns around £30k p/a, but when little sis leaves for uni in sept, she will be financially independent and need all the help she can get. How can she maximise the amount she can claim as a Student Loan or other income? Will she be assessed on my brother-in-laws income? She will have no financial support from mum who is on benefits but I fear she may be penalised for the situation she is in.

Any help would be greatly appreciated!

Have pasted a link re what they look at for being classed as an independent student http://www.practitioners.slc.co.uk/media/96449/independent_students_fact_sheet_v0.3.pdf

Dunroamin

dadio77 wrote: »

Morning all, especially the helpful experts on here! My 18yo sis will be starting uni this September - due to issues at home she moved out of mum's about a year ago, and my other sis and brother-in-law were good enough to take her in so she could continue with her studies nearby.

My brother-in-law earns around £30k p/a, but when little sis leaves for uni in sept, she will be financially independent and need all the help she can get. How can she maximise the amount she can claim as a Student Loan or other income? Will she be assessed on my brother-in-laws income? She will have no financial support from mum who is on benefits but I fear she may be penalised for the situation she is in.

Any help would be greatly appreciated!

Who claims the Child Benefit and Child Tax Credit for her?