Student Loans 2012

setmefree2

unhappy_shopper wrote: »

Just happened to come across this thread.
I have seen your graphics many a time in the MFW thread.

Based on my experience (DS1 in his 3rd year at Oxford), you need to budget at least 6K per annum for their room rent, food, books, transport and other miscellany during term time. During holidays, he spends his time at home, so food and rent is accounted for. Some universities have restrictions regarding the students working during term time, Oxford does not allow its students to work during term weeks. HTH.

unhappy_shopper Thank you sooooo much for your reply. It was very helpful too:D

melancholly

https://forums.moneysavingexpert.com/discussion/2977780

saw this thread and wanted to link to it here - it's exactly the kind of thread that keeps coming up from students who have no idea about the loans they have taken out.... this is the type of thing that makes people who post on this board a lot very cynical and very keen for students to do more than just sign forms!

setmefree2

melancholly wrote: »

https://forums.moneysavingexpert.com/discussion/2977780

saw this thread and wanted to link to it here - it's exactly the kind of thread that keeps coming up from students who have no idea about the loans they have taken out.... this is the type of thing that makes people who post on this board a lot very cynical and very keen for students to do more than just sign forms!

I have no idea why you think this is relevant to my thread but thank you Melcancholly ( are you melancholly? I wonder why?)

I think other posters have kindly let me know that it costs about £6k pa to finance the cost of a degree plus tuition fees.

Why you have a problem with me wanting to know this is beyond me?
But rest assured I have no intention of posting on this board again other than in response to other posters...;)

melancholly

setmefree2 wrote: »

Thank you Melcancholly ( are you melancholly? I wonder why?)

I think other posters have kindly let me know that it costs about £6k pa to finance the cost of a degree plus tuition fees.

Why you have a problem with me wanting to know this is beyond me?
But rest assured I have no intention of posting on this board again other than in response to other posters...;)

sorry - don't want to be misinterpreted and this wasn't really aimed at you at all. there were a lot of posts from people who are on this board a lot, explaining that there are a lot of students, for whatever reason, don't understand a thing about student finance. this was just an illustration that seems sensible to link to to show it isn't just a load of us making things up.

i guess threads take on a life of their own and it isn't always about what the OP wants, especially after a few pages!

i'm sorry that your posts still have an upset tone - nothing has been maliciously meant. i'm glad you have the information you need but hopefully threads can continue so that they can inform other people in similar situations.

minerva_windsong

I went to university in York (graduated last year, currently paying back my loan) and my parents' approach was that they would pay for me during term time as university was my job. After seeing some of the kids on my arts course who had jobs and were knackered by reading week, I'm very grateful to them for that. However, this was all on the understanding that I would work during the holidays and that would pay for anything I wanted in the holidays, as well as stuff I needed before term started like books. I found that a very balanced approach and it's one I'll use if I ever have kids.

My parents gave me £75 a week in first year, and £100 a week in second and third year as I had to pay bills then, and I ate well, was involved in clubs and societies, and went out about twice a week on that. Equally, there were people who got more (although in my experience these were also the ones that squandered it on pricey clothes and going out all the time) and people who got less.

I did get a maintenance loan and that paid for my accomodation, but be aware that from what I read on this board many universities and letting agencies appear to have lost the plot and are now charging annual rents that are bigger than the basic maintenance loan, that the rent will normally be taken every term rather than every month, and that you are likely to have to pay over the summer in student houses.

Also, just a couple of other points - as far as I know the student loan does not show up on credit files unless you default on a payment (which as far as I can gather is pretty hard to do due to how payments are taken), and based on the amounts I've been paying it's not money I'm missing, so I personally don't find it all that financially crippling (although I'm living at home and don't have any real expenses like bills yet). To be honest though I wasn't expecting to own a home until I was in my 40s, which I'm OK with but other people might not be, so horses for courses I suppose.

And can I just say how nice it is to come on one of these threads and find it hasn't descended into 'kids whose parents pay their way through university are scrounging lazy little brats'!

setmefree2

melancholly wrote: »

sorry - don't want to be misinterpreted and this wasn't really aimed at you at all. there were a lot of posts from people who are on this board a lot, explaining that there are a lot of students, for whatever reason, don't understand a thing about student finance. this was just an illustration that seems sensible to link to to show it isn't just a load of us making things up.

i guess threads take on a life of their own and it isn't always about what the OP wants, especially after a few pages!

i'm sorry that your posts still have an upset tone - nothing has been maliciously meant. i'm glad you have the information you need but hopefully threads can continue so that they can inform other people in similar situations.

Hey for your information - I had long forgotten about you. It was you who came back to needle me...

Lokolo

setmefree2 wrote: »

For your information - I had long forgotten about you. It was you who came back to needle me...

How on earth did she "needle" you? She just came back to show that some students don't research themselves and have their parents do everything.

setmefree2

minerva_windsong wrote: »

And can I just say how nice it is to come on one of these threads and find it hasn't descended into 'kids whose parents pay their way through university are scrounging lazy little brats'!

Does that happen a lot of this board?

Lokolo

setmefree2 wrote: »

Does that happen a lot of this board?

Sometimes it does yes.

setmefree2

Lokolo wrote: »

How on earth did she "needle" you? She just came back to show that some students don't research themselves and have their parents do everything.

I think we've done this to death?

I've argued my position -

now please will you all leave me and my thread alone?