Help With Student Loans - HERE!

veronikurr

Hi

My Student Finance has been delayed until middle of October however my university has asked me to set up a payment plan in case I don't get approval of the student finance. This is just under £1000 payable by eo October. I can't afford to pay this and Student Finance cannot give me an answer on my finance before middle of October. Based on the info below what are the chances I will get refused student finance? Should I pull out of my degree now before I'm liable to pay for a month's worth of studies?
- I have a student loan already for a BA i did between 2012-2015. I didn't complete year 4, so I only came away with a certificate of higher education.
- The course I want to do now is unrelated to the BA I did in 2012.
- I receive no extra funding
- I applied for a maintenance loan also for the first time this year.
- I am already repaying my previous student loan.
Any help would be appreciated!

Ed-1

veronikurr wrote: »

Hi

My Student Finance has been delayed until middle of October however my university has asked me to set up a payment plan in case I don't get approval of the student finance. This is just under £1000 payable by eo October. I can't afford to pay this and Student Finance cannot give me an answer on my finance before middle of October. Based on the info below what are the chances I will get refused student finance? Should I pull out of my degree now before I'm liable to pay for a month's worth of studies?
- I have a student loan already for a BA i did between 2012-2015. I didn't complete year 4, so I only came away with a certificate of higher education.
- The course I want to do now is unrelated to the BA I did in 2012.
- I receive no extra funding
- I applied for a maintenance loan also for the first time this year.
- I am already repaying my previous student loan.
Any help would be appreciated!

The student support regulations limit access to tuition fee loans where a student has previous full-time study.

The formula is length in years of new course + 1 year - years of full-time higher education previous study.

Any spare year(s) tuition fee loan eligibility is allocated backwards from the final year of the new course.

You can get maintenance loans for the duration of the new course if you don't already hold an equivalent level qualification to your new course.

eila57

I don't think I've signed anything at the University . How can I find out?

Savvy_Sue

eila57 wrote: »

I don't think I've signed anything at the University . How can I find out?

What documentation do you have from the university? Start there. Offer letter, acceptance forms etc.

Failing that, talk to the university. Ask on what basis fees are calculated: is it per module, or per year with the only distinction being between 'full-time' and 'part-time'. They'll soon produce what they think you agreed to!

LotsaLuck

Hello,

Could I get some advice please?

I have two of the old mortgage style student loans - one with Erudio and one with Honours (1997/98/99). I have only recently crossed the income threshold for repayment and so am starting repayments this month. However, I'm also pregnant and going on maternity leave in January, so being paid half the year and being on statutory maternity pay for the rest of the year, I will not earn enough over the next year to meet the income threshold for next year. I assume, then, that I could defer from next September (I'm having a year off work), but in the meantime, I need to pay while I'm working (correct?) but when can I stop repaying? I make voluntary repayments (payments do not come out through my wages) so I don't think I can reclaim later.. What are the rules?

Thank you in advance.

LotsaLuck

LotsaLuck wrote: »

Hello,

Could I get some advice please?

I have two of the old mortgage style student loans - one with Erudio and one with Honours (1997/98/99). I have only recently crossed the income threshold for repayment and so am starting repayments this month. However, I'm also pregnant and going on maternity leave in January, so being paid half the year and being on statutory maternity pay for the rest of the year, I will not earn enough over the next year to meet the income threshold for next year. I assume, then, that I could defer from next September (I'm having a year off work), but in the meantime, I need to pay while I'm working (correct?) but when can I stop repaying? I make voluntary repayments (payments do not come out through my wages) so I don't think I can reclaim later.. What are the rules?

Thank you in advance.

Anyone?

Emilys

Hi,
Just after some advice. I have managed to change the Plan I was on through the HR at work, but am I allowed to claim for a refund for the amount I already paid this year?
Also, in 2016/17 year I paid almost £400 to student loan but I only took home £21195. Is that the right amount to have paid?

Thanks!

WendyS63

Could you tell me if it would be better that we pay our sons loan off, he is a medical student and in his 4th year, an intercalated year, and then he will continue with his final two years in medicine, so in total he will be studying for 6 years. I have just contacted the Student finance and was told in August this year he was charge £267 interest, just one months interest, I have to admit I was shocked that they could charge this. I keep getting told not to worry but we know he will not fall into the category of students who will not have to pay off the loan. I find this very unfair that he may end up with over £100 000 debt. We are now going to pay his maintenance and also his tuition fee so as not to accrue any more debt and we are wondering if we should get a loan out to pay some of his £60 000 debt that he already has!
We really were not aware that the interest would mount up as it has or that it would be allowed, it seems to cater for the people who will not ever pay it and then takes advantage of the ones who will. This is so unfair. I would be very grateful for any advice as we

sheramber

Interest is charged from the date the first payment is made.

Interest charges are shown here https://www.gov.uk/repaying-your-student-loan/what-you-pay?step-by-step-nav=18045f76-ac04-41b7-b147-5687d8fbb64a

kara_p_uk

Can anyone advise
I wish to do a MSc in Neonatology (180 credits) at Southampton University part time over 4 years. It is a healthcare related course but does not qualify for NHS funding. I tried to apply for Student Postgraduate loan via Gov.uk but it is not showing in the list of MSc courses at Southampton and I received a message to contact Southampton to confirm it is a full MSc (it is as 180 credits). I've emailed Southampton finance department and await their reply but need to apply to the university by this friday to be able to start in November and can't apply for that till I know I will receive funding. Any ideas of how I can make a student finance application?
Thanks,
kara xx