Help With Student Loans - HERE!

lewisD70

I don't know if this question has been asked yet but I was wondering if it's okay to pay off a large sum of your student loan and then continue paying in instalments. Would there be any extra charges?

perfect10

Question about 3rd year student loans - it is presumed that students in the final year finish early and therefore are awarded less loan for the year - this is fair enough - however if you are a student nurse then you still do the full year - is it possible to appeal against the amount awarded for this reason? The student loan company are being less than helpful!!!

devildog

perfect10 wrote: »

Question about 3rd year student loans - it is presumed that students in the final year finish early and therefore are awarded less loan for the year - this is fair enough - however if you are a student nurse then you still do the full year - is it possible to appeal against the amount awarded for this reason? The student loan company are being less than helpful!!!

It should have already been calculated into your student loan payments

Loans for extra weeks’ attendance (all students who are not 2008, 2009 and 2012 cohort students)


[FONT=Arial,Arial][FONT=Arial,Arial]84. [/FONT][/FONT][FONT=Arial,Arial][FONT=Arial,Arial]Additional support for extra weeks of attendance above 30 weeks and 3 days is in the form of a loan for living costs, with a fixed amount being available per extra week, or part of a week, up to 45 weeks of study. Students studying for 45 weeks or more in any 52 week period are treated as if they are studying for the full 52 weeks and their extra weeks‟ loan is calculated accordingly. [/FONT][/FONT]

[FONT=Arial,Arial][FONT=Arial,Arial]85. [/FONT][/FONT][FONT=Arial,Arial][FONT=Arial,Arial]The amount payable for extra weeks attendance is determined by reference to the Category into which the student falls (regulation 87, see also Section E of Annex F and Annex G). [/FONT][/FONT]



Long Courses Loan for 2008, 2009 and 2012 Cohort students


[FONT=Arial,Arial][FONT=Arial,Arial]86. [/FONT][/FONT][FONT=Arial,Arial][FONT=Arial,Arial]Additional support for extra weeks of attendance above 30 weeks and 3 days is in the form of a long courses loan, with a fixed amount being available per extra week, or part of a week, up to 45 weeks of study. Students studying for 45 weeks or more in any 52 week period are treated as if they are studying for the full 52 weeks and their extra weeks‟ loan is calculated accordingly. [/FONT][/FONT]

[FONT=Arial,Arial][FONT=Arial,Arial]87. [/FONT][/FONT][FONT=Arial,Arial][FONT=Arial,Arial]The amount payable for long courses loan is determined by reference to the Category into which the student falls (regulation 81, see also Section E of Annex F and Annex G). [/FONT][/FONT]

and if you get funding from NHS bursaries too, they also factor in extra weeks allowances.

perfect10

devildog wrote: »

It should have already been calculated into your student loan payments

Loans for extra weeks’ attendance (all students who are not 2008, 2009 and 2012 cohort students)


[FONT=Arial,Arial][FONT=Arial,Arial]84. [/FONT][/FONT][FONT=Arial,Arial][FONT=Arial,Arial]Additional support for extra weeks of attendance above 30 weeks and 3 days is in the form of a loan for living costs, with a fixed amount being available per extra week, or part of a week, up to 45 weeks of study. Students studying for 45 weeks or more in any 52 week period are treated as if they are studying for the full 52 weeks and their extra weeks‟ loan is calculated accordingly. [/FONT][/FONT]

[FONT=Arial,Arial][FONT=Arial,Arial]85. [/FONT][/FONT][FONT=Arial,Arial][FONT=Arial,Arial]The amount payable for extra weeks attendance is determined by reference to the Category into which the student falls (regulation 87, see also Section E of Annex F and Annex G). [/FONT][/FONT]



Long Courses Loan for 2008, 2009 and 2012 Cohort students


[FONT=Arial,Arial][FONT=Arial,Arial]86. [/FONT][/FONT][FONT=Arial,Arial][FONT=Arial,Arial]Additional support for extra weeks of attendance above 30 weeks and 3 days is in the form of a long courses loan, with a fixed amount being available per extra week, or part of a week, up to 45 weeks of study. Students studying for 45 weeks or more in any 52 week period are treated as if they are studying for the full 52 weeks and their extra weeks‟ loan is calculated accordingly. [/FONT][/FONT]

[FONT=Arial,Arial][FONT=Arial,Arial]87. [/FONT][/FONT][FONT=Arial,Arial][FONT=Arial,Arial]The amount payable for long courses loan is determined by reference to the Category into which the student falls (regulation 81, see also Section E of Annex F and Annex G). [/FONT][/FONT]

and if you get funding from NHS bursaries too, they also factor in extra weeks allowances.

Thanks for this - NHS bursary do factor it in but for some reason student loan hasn't - may be because it is not a means tested loan - just get the basic amount - have found an appeal form so will try this.

Taiko

The "long course loan", which is what the additional weeks is, is means tested. As a student in receipt of an NHS bursary is not entitled to means tested support, you wouldn't be able to claim the additional funding.

perfect10

Taiko wrote: »

The "long course loan", which is what the additional weeks is, is means tested. As a student in receipt of an NHS bursary is not entitled to means tested support, you wouldn't be able to claim the additional funding.

OK but - the non means tested element of the student loan is about £2300 a year but all students are only awarded about £1800 (non means tested) for year 3 due to finishing early so surely if the course doesn't finish early then the full amount of £2300 should still be paid? It is not really a 'long' course just runs the full academic year?

devildog

perfect10 wrote: »

OK but - the non means tested element of the student loan is about £2300 a year but all students are only awarded about £1800 (non means tested) for year 3 due to finishing early so surely if the course doesn't finish early then the full amount of £2300 should still be paid? It is not really a 'long' course just runs the full academic year?

Taiko is the one who is seriously 'in the know' so I would trust what he is saying!

Taiko

Regardless, it's a set funding over 34 weeks. The NHS should fund you for the additional weeks, and therefore SFE will not double fund you.

Regulation 81(c) of The Education (Student Support) Regulations 2011 dictates that you are a student on reduced entitlement, and therefore not eligible for the means tested elements of the loan from SFE.

Lazerus1

Hi,

I've got a query about student loans if anybody could answer it for me please? I've previously done a BSc, which was totally self funded as I worked at the same time, and then followed this on with a PGCE. I'm looking to return to university and do a MChem for a career change. Would I be able to get help financially as I've previously not taken out a loan for the BSc or would I have to fund myself as I've still done a degree ?

Thanks

Savvy_Sue

Postgrad degrees are not funded in the same way as undergrad degrees: there's no automatic funding attached, even if you didn't have any help first time around.

Best starting point is probably your uni dept as they may be able to point you to funding possibilities, but sadly I wouldn't hold your breath ...