Just got off teh phone to student finance.. these calcs cant be right?

Oldernotwiser

eklynne wrote: »

Handy.......

Prssed the damn Thanks button again - must be getting senile!

Everybody's loans are wiped out after 25 years nowadays, whether you've repaid a lot or absolutely zilch!

Humphrey10

eklynne wrote: »

If you don't need it, don't take out the loan.

Do take it out, even if you don't need it, invest the money instead, see the link I posted:
http://www.moneysavingexpert.com/loans/student-loans-repay#should

eklynne

Oldernotwiser wrote: »

Everybody's loans are wiped out after 25 years nowadays, whether you've repaid a lot or absolutely zilch!

35 years in Scotland.

E3N

I was wondering if anyone could advise:

I am at a point in life where I have worked hard for a Company some 10 years now and although it has been an interesting career choice things are not that great anymore, it is hard but accepting I have no passion for it anymore has been a real pressure. I am 36 now and it got me thinking about the long term and if I am honest years of this type of work is having it's toll on my joints etc...

Anyway I have looked into College courses - applied and interviewed - since offered a place and have really looked forward to a fresh start toward a new career, which will keep us secure as a family. I know it will be a struggle for a few years but if I do not do it I worry I will become a hindrance in my current line of work rather than the asset I am currently seen as... Call it intuition but I can see ahead...

Getting down to it I will have to do two years under a City & Guilds Cert with the third year intensive MA year. As you can see the first two years would be classed as FE, whereas the third year HE and the third year being at 'New Bucks Uni'. What I cannot understand is that why do HE students get maximum benefits for being a student and FE students do not get the same perks. It cannot be that HE students will have a better wages or career plan hopes than someone doing a FE course, the earning potenial is the same in most cases.

I have a partner that earns £12k per year PT and currently I earn £30K and it really worries me because although I would lose in wages for becomming a student, we could get by if I have the perks of a HE student. Does anyone know why there is so little help for FE students?

Or, is there help out there other than a £30pw ALG ?

Oldernotwiser

I've tried to answer this on your other thread.

E3N

Thanks - Oldernotwiser :T