Help With Student Loans - HERE!

honeymuffin

I am currently saving to go to university next year to study as an undergrad for 4 years. I have been a student before (2001-2004) and already have about £10,000 debt in student loan. I think I will be entitled to a student loan again and that my debt will just be added on to that I already have. My question is, would I be better off using my savings to pay off my current student loan and then starting fresh with borrowing again when I start uni again? or, would I be better, taking out the student loan and putting it in a savings account, and then using my savings to try and get myself through uni without borrowing anymore/borrowing as little as possible?

Lokolo

You won't get tuition fees paid for you for the first year. So you won't be able to get a loan for that.

Oldernotwiser

chillertwist wrote: »

Help!

My employer is not deducting any student loan repayments and i'm getting quite worried. I used to pay my student loan each month but then the deductions suddenly stopped. This was around 3 years ago! I've since changed jobs and my new employer hasn't deducted anything either.

I don't know why my deductions have stopped and now i'm terrified that I'm going to get a big bill for arrears. Someone please help, i don't know what to do!

I left uni in 2000 without finishing my degree. My total student debt is only in the region of around 4k I think.

Regards

The threshold for making payments went up from £10,000 to £15,000 in April 2005. Do you think that this might explain your situation?

Omid

What is the maximum you can get, both loans and grants together?

citycastaways

Hi SLC worker my daughter will be moving away from home to do a midwifery degree, whilst her course fees will be nhs funded, the actual amount of loan she will receive doesn't seem to tally with what it says in all the literature
she has been awarded £2265.00 the lit says she could get a maximum of £4101.00 or just slightly more based on our household income)and then goes on to say "75% of the student loan amount is an automatic entitlement" which should equal £ 3075.00 and on to of that in some other literature it states an additional loan rate of £81.00 for each week over the "normal 30 week term" (her course is 46 weeks) again that would equate to 16 x £81.00 = £1296.00 which should give us a total of £4371 so she has only really received just over 50% of what she should be able to borrow, could you shed any light on this?

Many Thanks Citycastaways

Oldernotwiser

citycastaways wrote: »

Hi SLC worker my daughter will be moving away from home to do a midwifery degree, whilst her course fees will be nhs funded, the actual amount of loan she will receive doesn't seem to tally with what it says in all the literature
she has been awarded £2265.00 the lit says she could get a maximum of £4101.00 or just slightly more based on our household income)and then goes on to say "75% of the student loan amount is an automatic entitlement" which should equal £ 3075.00 and on to of that in some other literature it states an additional loan rate of £81.00 for each week over the "normal 30 week term" (her course is 46 weeks) again that would equate to 16 x £81.00 = £1296.00 which should give us a total of £4371 so she has only really received just over 50% of what she should be able to borrow, could you shed any light on this?

Many Thanks Citycastaways

I think that you may not have allowed for the NHS bursary in your calculations. Students on Midwifery degrees are funded by a combination of the NHS bursary and the student loan. You can find details on www.nhspa.gov.uk

The NHS bursary is fully assessed on parents' income.

mindthegap_2

Hi

Would be grateful for advice;

I have just contacted my local authority to see if I am eligible for a student loan. I'm a mature student just about to sign up for year 3 of an online degree at Anglia Ruskin University.

I have a fine art degree from 20 years ago. I didn't receive a government grant whilst I did that degree, but I think the government did pay my fees.

Beds CC have told me that I can't have a loan because I already have a degree, regardless of whether I had a grant or not.

Can anyone tell me if this is correct please?

Many thanks

Wiggynut

mindthegap wrote: »

Hi

Would be grateful for advice;

I have just contacted my local authority to see if I am eligible for a student loan. I'm a mature student just about to sign up for year 3 of an online degree at Anglia Ruskin University.

I have a fine art degree from 20 years ago. I didn't receive a government grant whilst I did that degree, but I think the government did pay my fees.

Beds CC have told me that I can't have a loan because I already have a degree, regardless of whether I had a grant or not.

Can anyone tell me if this is correct please?

Many thanks

loans etc are for undergraduates only!
so having a previous degree does mean you won't get the usual fees/loans!
I think phd students get some funding... but I really don't know much about that.

simonhunter87

ive tried contacting the SLC by email about this but they nevr got back to me so thot id try here to see if any1 has any info...

i applied for student finance from northern ireland for yr 06/07 based on my parents incomes which are high-ish
i moved away to manchester and failed my 1st yr (supporting myself for that year with loan/job/no parental support)
i then worked full time for a year and was claiming benefits for parts of that year.

it is now going into accademic year 08/09 and I have been accepted onto my course again after a year out and taking some exams.
i now wish to apply for student support for this year. as far as i can see i need to do so based on my parents income even though I have lived financially independently from them for 2 years and 1 of these years I wasn't even a student and paid tax etc etc
the rules say i need to have lived independently for 3years before i can apply based on myself - or have become astranged from my parents and not talk to them - which isn't the case - they just expect me to pay my own way since I no longer even live in the same province as them!

any1 have any idea if i can use some other rule to apply for it by myself from the English SL ppl instead of having to go through the Northern Irish SL ppl and base it on my parents??

thanks for any help!!

Oldernotwiser

mrmadcat wrote: »

any1 have any idea if i can use some other rule to apply for it by myself from the English SL ppl instead of having to go through the Northern Irish SL ppl and base it on my parents??

Even if you applied in England the results would be the same; you have to have supported yourself for 3 years to be considered to be independent of your parents. Sorry.