Help With Student Loans - HERE!

[Deleted User]

PJRComputerSolutions wrote: »

Thanks for the Link....

One final Question, Does anyone know when your Child ceases to be a Dependent? Or what the definition of a Dependent is....

TIA

https://www.standalone.org.uk/guides/student-guide/#independent-status

But postgrad loans are not means tested

ceewash

Hi My son is working in China and pays the amount SLC have calculated for his being in China, which btw is a lot more than if he was here.
I pay the monthly amount for him with my visa card (he reimburses me). he recently received his overseas payment reschedule for the year which also stated that he was £0.01 in arrears. Not sure how this happened. However with this month's payment I added on 1p. When I logged on the slc site his arrears was now £32.12. No explanation. How does this happen? I can't ring them as it is my son's account. Why do they not have to offer any explanation? This could be any random amount that is added on. I have always paid what they asked for and somehow have managed to be in arrears.

PJRComputerSolutions

_shel wrote: »

But postgrad loans are not means tested

Thank You...I do now understand that Postgraduate Loans are not means tested...

My Son has a chance to apply for a Scholarship, up to £12,000 apparently, so the question was really aimed at this, Does anyone know whether Scholarships are means tested? As BAFTA have sent him a form for us to provide our incomes...Do we have to provide the incomes or can he apply as an Individual?

TIA

sheramber

The rules for the scholarship are what BAFTA requires.

You can ask them
http://www.bafta.org/supporting-talent/scholarships/bafta-scholarship-programme-2019-frequently-asked-questions

Q. I have a question that hasn’t been answered here. Who can I contact?
Please check out the information on the Scholarships home page. If you still have a query, please send it to us at scholarships@bafta.org.

Backto5

Hi I am trying to deffer my student loan (1998 and pre) But due to circumstances my tax credit award takes me over the threshold by .40p. However Tax credits are joint award so will they credit some of the award to my husband and therefore take me under the threshold ?

[Deleted User]

Backto5 wrote: »

Hi I am trying to deffer my student loan (1998 and pre) But due to circumstances my tax credit award takes me over the threshold by .40p. However Tax credits are joint award so will they credit some of the award to my husband and therefore take me under the threshold ?

Tax credits have nothing to do with student loans.
If your earned income is over the threshold you pay.

Backto5

Thanks but the most certainly do. They are treated as earned income but I married and it is a joint claim so surely they can't take it all into account?

BGLP2018

Hi, I started univeristy in September 2016, but withdrew halfway through the year leaving me with a loan of £4500. As of today this has risen with interest to £5060.80.

I want to know, as it is such a low amount, am I better off paying it off in full immediately to avoid interest, or paying it off as per the usual method over a number of years (I'm guessing as it's so small I will end up paying it all off anyway!).

What would you recommend?

silvercar

BGLP2018 wrote: »

Hi, I started univeristy in September 2016, but withdrew halfway through the year leaving me with a loan of £4500. As of today this has risen with interest to £5060.80.

I want to know, as it is such a low amount, am I better off paying it off in full immediately to avoid interest, or paying it off as per the usual method over a number of years (I'm guessing as it's so small I will end up paying it all off anyway!).

What would you recommend?

Depends on what you earn and what you are likely to earn in the future. It now stands at £5060.80, if you are likely to earn enough to have paid that off within the next 30 years, then it will be growing by interest charges over time, so clearing it now makes sense if you can afford it.

I know that doesn't allow for the use you could be making of the money now, so you may want to make an adjustment for that.

quacker13

Hi,
I' just about to defer my student loan as i'm not earning much money at all and was wondering what to do about when it comes to working out my income for the year if I work casual hours for an agency? I can work anything from 0 hours a week to 25 hours a week as I just cover people who have called in sick etc... and the job could end completely at any time. Anyone have any ideas?