Student loan and benefits.

Oldernotwiser

pmf63 wrote: »

this has all got completely out of hand because practically every answer seems to be ignoring my initial comments that it is a LOAN. However you want to add it up it is a loan that we have to pay back.

And you are ignoring my comment that it is a loan that may never be paid back, which is another reason why it is classed as income.

On the £21,000 pa that you mention your wife might be earning, the repayments will hardly cover the interest, much less repaying the loan.

Jowo_2

pmf63 wrote: »

THE LOAN IS REPAYABLE ... that's my point. we have both paid income tax and NI for nearly 45 years between us and have NEVER asked for anything back until last year. .

My understanding from your previous posts is that you have been unemployed for the past 7 years and you have entered debt arrangements to write off considerable parts of money you owe to creditors. Do you also receive substantial discounts for your OU astrophysics course, too?

Perhaps the long-term receipt of benefits, the low cost of your studies and your ability to side-step commercially arranged debts has led to you to a high sense of entitlement to benefits, a low sense of responsibility in repaying loans and a general resentment of paying educational related expenses?

This is a minor issue experienced by many households with students. I don't know why you are so pre-occupied by your household spending money on basic living expenses like rent and groceries that has to be paid back to the lender.

smithyjules

My Husband was made redundant from his job just after our second child was born. we have made the choice for my husband to go to university to try to better his and our future. I have been on maternity leave and we have 2 children under 4.Thankfully we have the option of a student loan/grants to support us. We recieve approx £13000 this year (including grants towards childcare and tuition fees), this is the same as many low paid fulltime jobs and so although we did look into any help we might get initially, I now think we are really very lucky to have the option of a student loan as actually our credit history isn't too hot and we certainly wouldn't have got one elsewhere lol! I am returning to work part-time to help to keep us afloat.

This is all a financial nightmare but to be honest I am secretly quite proud of my husband for going out there at 30 and trying to achieve a dream/better future.

Also, I thought if you had a certain amount in savings/capital it was classed as income so surely if you did take out a loan from a bank for the amount of student support you recieve, it would be traced through bank statements and counted as income?I may be wrong though.

I'll get my coat now I've said my tuppence worth!

sunnyone

smithyjules wrote: »

My Husband was made redundant from his job just after our second child was born. we have made the choice for my husband to go to university to try to better his and our future. I have been on maternity leave and we have 2 children under 4.Thankfully we have the option of a student loan/grants to support us. We recieve approx £13000 this year (including grants towards childcare and tuition fees), this is the same as many low paid fulltime jobs and so although we did look into any help we might get initially, I now think we are really very lucky to have the option of a student loan as actually our credit history isn't too hot and we certainly wouldn't have got one elsewhere lol! I am returning to work part-time to help to keep us afloat.

This is all a financial nightmare but to be honest I am secretly quite proud of my husband for going out there at 30 and trying to achieve a dream/better future.

Also, I thought if you had a certain amount in savings/capital it was classed as income so surely if you did take out a loan from a bank for the amount of student support you recieve, it would be traced through bank statements and counted as income?I may be wrong though.

I'll get my coat now I've said my tuppence worth!

well bloody said!

dmg24

Erica_Deanne wrote: »

Governemnst sucks majoir !!!

If you contact the JCP they can arrange literacy classes for you.

dmg24

Erica_Deanne wrote: »

no thanks am okay. See whats !!!!ed is the UK government who is a racist !!!! anyway as are UK Police..decide to spend £800,000 on bombing missiles to whatever countries when they could stop that and instead use it to keep student fees the same..so maybe you could go contact the JCP and tell them to arrange that for you?

The government is a racist because they won't arrange your literacy classes? You seem a little lost as to what point you are making?

ColinFishwick

Yes it may be helpful for them

dmg24 wrote: »

If you contact the JCP they can arrange literacy classes for you.

Poppycat

Why dont you go away

Erica_Deanne wrote: »

yeah whatever you BNP mother!!!!er go do your EDL classes !!!!!!!!!

Oldernotwiser

dmg24 wrote: »

The government is a racist because they won't arrange your literacy classes? You seem a little lost as to what point you are making?

I see the pubs are shut!

elisebutt65

I was (still am) a single mum, exH had just let and I decided to go to Uni rather than sit on benefits and I used to get a little peeved that they classed my 'loan' as income. However I did get rather a large amount of maintenance grant - that they don't count - childcare grant etc.

You can claim IS or jobseekers during the long summer break and also get HB and CTB then as well, if that helps?

On the other hand I would re-consider doing the degree until the kids are older - I was blooming knackered racing around after kids, trying to fit in essays - it would have been easier for me to get a job and do the degree now that they are older:o. PLus it took me 5 years to get my degree and teaching qualification and I still end up on £10300 a year:rotfl:

I should just go back into working in HR - I was on about £6000 more unqualified 6 years ago