Help With Student Loans - HERE!

Savvy_Sue

eden29 wrote: »

I'm not denying him an opportunity for funding, giving our personal information only means they have it on file and will not lend him anything more then the basic maintenance loan based on this information.

My point is can we compelled to provide it and if we don't what will he get ?

No, you can't be compelled to provide it, and I thought we'd answered the question about what he'd get if you did not.

eden29 wrote: »

Myreference to our mortgage payments is a reference to disposable income which iswhat’s important when assessing how much we can help him financially, it’s nota reference to how much we owe or have spent and incidentally quite rude of youto say we have chosen to spend so much, we have not. Not ridiculous to ask thatquestion as we can’t give what we don’t have.


As I understandit all students can borrow the fees, then a maintenance loan on a sliding scaleaccording to their household income, a grant may then be given based on lowincome and special circumstances. We never expected him to get a grant and I wasasking about loans specifically.

If you follow the link to the student finance calculator on this page, you can put your income in and see what results you get. FWIW, I've put in a ludicrously high figure for parental income, and a small maintenance loan is still appearing.

You're very welcome to assess your disposable income before deciding how much financial support you can give him. However, as with many other things, that's not what counts for the purposes of calculating what he's entitled to. Two families might be on exactly the same income, with wildly different outgoings in terms of utilities, mortgage, council tax. The only fair way to do it, IMO, is based on the income, not on the outgoings.

silvercar

eden29 wrote: »

Myreference to our mortgage payments is a reference to disposable income which iswhat’s important when assessing how much we can help him financially, it’s nota reference to how much we owe or have spent and incidentally quite rude of youto say we have chosen to spend so much, we have not. Not ridiculous to ask thatquestion as we can’t give what we don’t have.

The government calculates how much they will provide based on your income. They therefore assume that you can provide some support, the fact that you say you don't have the disposable income to do so is not of interest to the government. They are making the assumptions based on incomes not on outgoings. They provide the loans based on their income based calculations and leave it to you and the student to manage finances.

You can decide whether to support your student and how much if at all. The government are saying, you earn X, so they will only give Y. Leaving you to give any amount, but in the knowledge that if you had low income your student would be getting X-Y more. Some families would provide X-Y, some a lot more, some nothing at all, the government isn't interested. Your student obviously is interested because the viability of his future education depends on it.

Black_Eyeliner

Hello

Can you help with pre-1998 student loans?

Erudio are chasing my husband for £8k 'arrears' for loans taken out between 2002 and 2007. I thought it was only pre-1998 non income contingent loans the SLC sold off. When we asked Erudio why these loans are not with the SLC, their answer was something along the line of 'just because'.

Rosie_Rae

Hi, I started my degree in September 2015 on the minimal student maintenance loan, as my parent's income is quite high. What sfe don't take into account is that although their income is high, so is their expenditure - with the mortgage/car payments/4 kids at uni. I'm really struggling financially as they are unable to give me very much.
I'm 25 in October and am really hoping to get a non means tested loan so that I don't have to rely on my parents - but I am wondering whether that's possible since I have already started my course. If it is possible, I am also wondering whether sfe would consider it for the 2016/2017 academic year, despite the fact that my 25th birthday is two weeks after the start of term. Thanks

Ed-1

Rosie_Rae wrote: »

Hi, I started my degree in September 2015 on the minimal student maintenance loan, as my parent's income is quite high. What sfe don't take into account is that although their income is high, so is their expenditure - with the mortgage/car payments/4 kids at uni. I'm really struggling financially as they are unable to give me very much.
I'm 25 in October and am really hoping to get a non means tested loan so that I don't have to rely on my parents - but I am wondering whether that's possible since I have already started my course. If it is possible, I am also wondering whether sfe would consider it for the 2016/2017 academic year, despite the fact that my 25th birthday is two weeks after the start of term. Thanks

You need to be 25 on the first day of the academic year (1st September) to be usually considered an independent student (unless you are married or can prove you've supported yourself financially for 3 years etc.). So you'd be means tested on your income (and your partner if you have one) not your parents for 2017/18 but not 2016/17.

Kay159_2

Hope no one minds me asking a question.
My daughter has to reapply for Year 3 student finance shortly
She is currently pregnant and about to move into her own home with her partner
Am I correct in thinking that as she is under 25 she is still classed as dependant on her parents and it is our income which will be taken into account
Can I also check that once the baby is born in septmber she can ask SFE to adjust the claim and it is at that point they will recalculate based on her partners income
The final question is about residence. Although she is classed as dependant she is going to be living away from the family home but is the home ahe shares with her partner classified as her permanent address when answering questions about 'living away from parents outside of London' as this is extremly confusing
I have advised her to fill in the forms without the baby as this will allow her to receive her first student loan payment as I have heard horror stories of SFE delaying payments for months whilst revising claims after the birth and although Uni have been good enough to allow her to work from home in the first few weeks after the birth, she will need the childcare grant in place to allow her to return.
Any advice would be helpful
Thanks

Kay159_2

Sorry. One further question...well two
Have run through estimate and ticked boxes to say living with partner keeping parental income the same and the loan amount has increased as 'living away from parental home' ....is living with partner classed as this or is this relevant to halls or student sccomodation only....if not do we just declare the change in living circumstances
Secondly my daughter gets a DSA but was never told she could claim Disabled Student Support Grant. She gets DLA but doesnt claim any other benefits. Is this something she would be advised to claim and can it be backdated
Thanks

silvercar

Definitely living away from parents and away from home.

Is she intending continuing with her studies for the whole year? Not sure how that impacts of finance, particularly tuition fees if she needs to delay the year.

kay159

Definitely planning to continue her studies as the dissertation is already in the planning stage and she is going to start it as soon as the summer term ends so is well ahead to allow for a few weeks respite from studying when the baby comes - I know a lot of people will think she is mad for even considering it but there are lots of people who did complete too and she has a strong support network who will help her and give her breaks

Taiko

Out of interest, when is the due date?

When the child is born is likely to impact on entitlements.