Help With Student Loans - HERE!

ericctheking

Savvy_Sue wrote: »

Personally I think your 'family friend who works in a bank' gave you poor if not wrong advice, but start with Martin's myth-busting article and make up your own mind.

Also read the threads about Erudio who current student loans will be likely to be sold off to.
Everyone seems very blase that student loans are fine and the terms and conditions will be set when they are sold off but it is the interpretation of the terms and conditions that will bite people in the butt.
This is why they are selling them off, the government couldn't get away with such debt collecting Wonga style behavior but Erudio can.
Post 1998 students were told loans don't go on credit records and won't affect your ability to get a mortgage. After they were recently sold off people are having them put on credit reports as being on a "payment holiday" which is what is used when someone is in severe financial trouble and need their utility/ loan payments put on hold while they try to scrap around for some money.
Having this on the reports is affecting people's ability to even open a bank account!!!!!

MrShazzyMan

Just wanted to ask on behalf of a friend. She's living at home and wants to claim student loan the full amount is this possible?

Froggitt

Maintenance loan or fees loan? Already at Uni or not? Parents income? London or not?

MrShazzyMan

Froggitt wrote: »

Maintenance loan or fees loan? Already at Uni or not? Parents income? London or not?

She wants the maintenance loan and already at uni. Her parents income in below £25,000

ericctheking

MrShazzyMan wrote: »

Just wanted to ask on behalf of a friend. She's living at home and wants to claim student loan the full amount is this possible?

Just make sure she knows that the plan is to sell-off the loans to Arrow global debt collecting agency which is terrible. The loans are held in a shell company called "Erudio student loans"

Savvy_Sue

MrShazzyMan wrote: »

Just wanted to ask on behalf of a friend. She's living at home and wants to claim student loan the full amount is this possible?

There is, AFAIK, a lower amount you can claim if you are living at home.

Froggitt

https://www.gov.uk/student-finance/loans-and-grants


Maintenance grant £3,387 (income upto £25k) which doesn't have to be paid back, and the balance upto £4,418 (living at home) can be claimed as a loan.

treacle_9511

Hi, I started my science GCSE in September and paid the full cost of £440. I receive working tax credit and child tax credit, and now realise that I may have got help paying for this course. My income is less than £16,000 per year (only work 16 hours per week) my two questions are:
a) was I entitled to any help with the tuition costs?
b) am I able to claim back any of the money I have already paid?

Shoaib12345

Yes if your are a student in a university you still get student loans depending on what course you are doing.

Froggitt

They do GCSEs at University nowadays do they?