Student Loans 2012

posh*spice

angelofmel wrote: »

no i agree i am not soley independant yet. but i like to think i am independant in that i dont not expect to be bailed out when i decide to go on a night out instead of eating, or by that designer pair of jeans instead of repairing an old pair or buying from primark (for example), that i take responcibilty for the money and what i do with it.

while i think its lovely of setmefree to do her best to help her children through this time and come out debt free, (after all, university is supposed to give as that extra lift in life and for some can push us up from class boundries that they may be trapped in due to parents income etc and certainly no debt helps towards this alot.) i hope that she doesnt not remain ignorant to the lifestyle that some students live and that offering money so freely may leave her children with the impression that they can do whatever they like, be bailed out whenever and learn nothing about the value of money and take responcibility for it.

The state gives you money. Parents and Grandparents give other students money.

There is no difference in my eyes. Everybody gets given money.

I've highlighted some of your post. I think this could equally apply to free state handouts in the form of grants and loans!!!!

angelofmel

posh*spice wrote: »

The state gives you money. Parents and Grandparents give other students money.

There is no difference in my eyes. Everybody gets given money.

I've highlighted some of your post. I think this could equally apply to free state handouts in the form of grants and loans!!!!

yes, again i agree. but the state money stops. parents' money may not if they think thier children are staving or are going to be homeless when they are infact just wanting to fund another night at the pub...
all im saying is i hope that setmefree is aware of this, is all.

posh*spice

angelofmel wrote: »

yes, again i agree. but the state money stops. parents' money may not if they think thier children are staving or are going to be homeless when they are infact just wanting to fund another night at the pub...
all im saying is i hope that setmefree is aware of this, is all.

I think it's highly unlikely that the op isn't aware that young people drink

I think that Tax Payers are probably aware that students drink too!

amiehall

Well presumably if setmefree or anyone else for that matter left their child to live off the loan support, and they run out of money, they'd give them more rather than let them starve....

wintersunshine

I think parents should help their kids as much as they can whenever they can for as long as they can. Kids don't ask to be born...parents have them and are responsible for them! There are student loans and grants and scholarships. Not everyone qualifies. I think if a parent can afford to help his/her kid and doesn't he/she is a lousy parent. Just my opinion.

jess!

jennifernil

BACKFRMTHEEDGE.......

That is a VERY sweeping statement!

I suppose you could call us "the baby Boomer generation", though my OH was born during the war.

Our first child was born in 1970. When he went to Uni, it was free, student loans did not exist, grants did, but we were "too rich" for him to get a grant. His fees were paid by the government, but the rest was up to us.

He stayed at home, we fed him and provided money for other things, I cannot remember how much, it was 1988 onwards. In holidays he had jobs, he earned enough to supplement the basic amount we provided

15 years later our daughter was ready for Uni, now there were bursaries and loans. No fees as we are in Scotland.

Initially she stayed at home, but we very soon bought a small flat for her as travelling was difficult. Again we provided the basics, £180 per month in term time. As she wanted this flat, she got a job to pay for it, she covered all her bills herself, taking in a lodger helped with the mortgage payments.

We have forgone holidays abroad to help our children through Uni. Both graduated with no debts.

Our parents did it for us, we did not expect to do other than the same for our children.

melancholly

jennifernil wrote: »

Initially she stayed at home, but we very soon bought a small flat for her as travelling was difficult. Again we provided the basics, £180 per month in term time. As she wanted this flat, she got a job to pay for it, she covered all her bills herself, taking in a lodger helped with the mortgage payments.

We have forgone holidays abroad to help our children through Uni. Both graduated with no debts.

Our parents did it for us, we did not expect to do other than the same for our children.

you see, this is really lovely and generous and obviously shows a sensible way to help, getting a student who isn't drowning in debt (be it student loan, credit cards or an overdraft) and clearly understands money.

i feel really a little annoyed that everything that i've said about there being a substantial number of students who really don't even know the terms of their student loans has been taken as so insulting. there are plenty of students who didn't realise interest would even start being applied until they got a job!! with so many financially illiterate students graduating, all i wanted to do was draw attention to the fact that the student themselves should be able to get lots of information themselves and understand the implications of whatever decisions are made. i stand by that sentiment.

i think parental help is vital - whether they give money or not, help is about equiping them with the skills to cope with whatever budget they have. i just think that at 18, students should be able to work out weekly budgets and not have to have parents making such day to day decisions for them. it's all about where the line is and obviously that is subjective.

i'm sorry that comments i've made have been interpreted as being so nasty and personally offensive to the OP. they weren't intended like that and i think such vitriolic posts aimed at me aren't helpful or indeed necessary. people can disagree, but they can also disagree like adults. this thread is getting very nasty and it doesn't have to be. there are lazy students and there are interfering parents. being aware of pitfalls that many other people have seen can only be a good thing, surely?

Oldernotwiser

posh*spice wrote: »

The state gives you money. Parents and Grandparents give other students money.

!

Most of the money that students get is in the form of loans, not gifts.

Oldernotwiser

wintersunshine wrote: »

I think parents should help their kids as much as they can whenever they can for as long as they can. Kids don't ask to be born...parents have them and are responsible for them! ]

At what age would you stop being financially responsible for your children - 20, 30, 40, 50?

jennifernil

As parents, we would help our children if they needed it, no matter how old they were.

Our son, now 40, recently moved house, there was the possibility he might need a little help with a bridging loan for a week. We offered to help.....as indeed did his student sister (yes, some students do have savings).

Your child is still your child, be they 20 or 60, or anywhere in between.

It's not about being resposible for them in that case, just about wanting to help when possible.