Student Loan 2015 Discussion

Dunroamin

lulu349 wrote: »

Hi, my husband and I are currently going through a divorce and my daughter is due to start uni in 2013 - will this alter the amount of non repayable loan she is entitled to?

Her student loan and grant will be assessed on the household income of the home where she normally lives.

MrsAverage

Have today recieved notification that the relevant regulations were passed in Parliament this week - cutting it very fine for applications to be in by 31st.
However it's all very jargon/legalese. Can anyone help interpret them please
http://www.legislation.gov.uk/2012/1309

I just want clear simple terms and conditions before Ds has to sign up!

Lokolo

MrsAverage wrote: »

Have today recieved notification that the relevant regulations were passed in Parliament this week - cutting it very fine for applications to be in by 31st.
However it's all very jargon/legalese. Can anyone help interpret them please
http://www.legislation.gov.uk/2012/1309

I just want clear simple terms and conditions before Ds has to sign up!

The 2 things that have changed are the interest rate and threshold.

Interest rate charged is in Section 10 Part 21A and the Threshold is Section 14.

I am trying to understand it but I am at work so can't really read it properly.

gadgetmind

From a really quick scan, none of it seemed to clash with what's been announced so far, but it was a quick scan.

joneeboy

How lucky for UK students that they can still get student loans, unlike the majority of the world's students. How lucky that so many can enter university these days, with such low 'A' level grades.
Back in the mid 1950's, when the UK only had a few universities (all top notch, and the envy of the world), there was no such thing as a student loan, or maintenance loan, or 'free' university, and the fees were high. For those that could not afford to pay the fees up front, there was only one alternative, and it was to secure a State Scholarship.This entailed not only getting the equivalent of grade A on all 'A'levels relevant to the university course, but also achieving high marks on additional 'Scolarships Level' papers for each subject. Apart from that, a GCE 'O' level pass in Latin was compulsory, and with good reason. There were not too many of those State Scholarships, but they did cover tuition and a frugal lifestyle. Those who obtained one, had to work hard at university...no slacking.., in order ensure continuation of funding. How different to the present.
On the subject of costs, there are many countries that have much lower university costs than the UK.Some of them are quite near.In Germany, fees are generally between 1000 and 2000 Euro a year at present.Belgium is low too.Those who don't speak the language, can simply study that for a year first. There is still the odd European country that does not charge fees, and there are some, such as Holland and Sweden that have courses in English.
Then here is Japan, which for some stange reason, charges foreign studnts about half, or less than the moderate fees that its own students have to pay.
These days, it is even more essential for potential students to do plenty of research to find what is best or themselves

icecreamgirl68

my daughter is in uni doing an adult nursing course, 1st year she receives an NHS Bursery, she has a student loan that is means tested, but with her loan and bursery, it is only enough to pay her rent, can she get any extra help for food etc.

devildog

icecreamgirl68 wrote: »

my daughter is in uni doing an adult nursing course, 1st year she receives an NHS Bursery, she has a student loan that is means tested, but with her loan and bursery, it is only enough to pay her rent, can she get any extra help for food etc.

I 'thought' that they were entitled to a £1,000 grant, a means tested bursary of up to £4395, and a reduced rate non means tested loan from Student Finance.
means tested bursary will be more if studying in London

icecreamgirl68

devildog wrote: »

I 'thought' that they were entitled to a £1,000 grant, a means tested bursary of up to £4395, and a reduced rate non means tested loan from Student Finance.
means tested bursary will be more if studying in London

She is on a three year couse which runs jan to dec each year.

She gets a bursary of £312.00 per month, a student loan of £750 given at the start of every term (£2150 approx) so total of about £5894, her rent is £475 each month she studies in bristol, but is from wales originally her course is for 12 months it runs january to december each year. any help would be appreicated.

melancholly

http://www.timeshighereducation.co.uk/story.asp?sectioncode=26&storycode=420151&c=1
Willett's defends his fees..... the first four comments don't seem to buy his arguement. I guess at least he's engaging in some debate over it with people in HE.

setmefree2

Universities give discounts on tuition fees paid up front

Universities are offering discounts of up to five per cent to students who pay their tuition fees up front.

The task force on student finance, headed by Martin Lewis, the financial expert, and made up representatives from Universities UK and the National Union of Students, cautioned against paying fees up front.
It said parents could be wasting their money if their child becomes a low paid artist or full-time parent and never has a job which pays more than £21,000 a year – the level at which loan repayments are triggered.
“Unless they are guaranteed a lifetime of high pay, it makes financial sense to put the cash in a high paying ISA or savings account during studies and take the loan out,” the task force said.
“Afterwards if it looks like the loan will have to be repaid, clear the debt then. Or, alternatively, it may simply be better used towards lowering a mortgage or car loan, which are worse and costlier forms of debt.”

http://www.telegraph.co.uk/education...-up-front.html