Student Loan 2015 Discussion

Mrs_Arcanum

flea72 wrote: »

Kings have halls from £136 a week, so she would be able to cover her rent from the bursary/loan

Or just live further out and commute in.

Most students nurses i know, do bank work at the hospital to make a bit of extra money

The other option is to train at a hospital outside london, where cost of living is supposedly cheaper. However my DD is at a small uni, in a cheap part of the country and she still paid £130/wk for halls

Nottingham is around £30 cheaper & there are plenty of student accommodation halls. So it would seem cheaper to head North.


My biggest gripe about the whole Student Loan system is how it makes the size of loan totally based on parental income. So Students from families on around £42,000 will have bigger debts than students from families earning more or less. The size of the debt should only vary by location of University & fees charged.

Surely the loans should all be the same with any variations made up of grants & parental contributions.

ericctheking

Confirmed now that student loans will all be sold off to dodgy debt collectors! Be careful out there.

Lokolo

ericctheking wrote: »

Confirmed now that student loans will all be sold off to dodgy debt collectors! Be careful out there.

Source?..........

surfsister

tyllwyd wrote: »

I'm sorry I can't offer any help - there is an article here saying similar things
http://www.bbc.co.uk/news/education-29462103
You might be better off starting a new thread so that people can see your question more easily

my daughter is just finishing her Ba at Kings and absolutely loved it - she hated the concrete box student accommodation for the first year but then she shared a privately rented bedsit through open rent but rents have shot up since then. There is so much to do compared to elsewhere and lots of job opportunities - many of the medical students do work as they kept waking her up in the first year!!! But she did get a full grant and loan so was ok and had saved up for ages from sat/holiday jobs.

misselvis

cablecat wrote: »

I am hoping for some advice here.

Our daughter is 20 and has been accepted to go to Kings College London to do nursing in Sep 2015 by which time she will be 21. Both me and her Dad have full time jobs - I work for the NHS and he is in the RAF.

Her offer from Kings includes the fees for Halls and it's basically twice as much as our mortgage - about £800 a month and nursing is a longer academic year than most courses so she would have to pay this for about 10 months we estimate.

There are no fees for nursing so she can only apply for a cost of living loan and that, combined with the NHS Bursary, totals about £6K a year. Not even enough to cover her rent, let alone eat and travel.

It seems almost impossible that anyone could do a degree in London. How is anyone able to afford it? We would have to pay her rent which we just can't afford to do. By the time she hits her third year, we would have her brother at university too. We can't afford to fill in the extra required.

Any suggestions, gratefully accepted.

Am currently a mature student doing my nursing post grad at Kings. Making the decision to come out of full time work was and continues to be daunting but I would really encourage your daughter and the family to be honest but really just go for it. Congrats to your daughter for being offered a place its not easy. There have been some amazing suggestions such as moving to a cheaper location but King's has an amazing reputation re nursing and a number of people have found house shares further out in zones 4/5. There is scope for part time work and it really makes you work out what is a need and a want in relation to living/ eating/ enjoying the course. Sit down and do some honest sums but am living proof it can be done. :rotfl:

sunnyflower

Would like some advice please:
My son is starting his 3rd and final year in September. He has never been entitled to a grant as we earn too much ( just over the threshold , don't get me started :mad:).
Anyway I'm retiring in October, my occupational pension will be less than half of my salary. What can we do to get my sons reassessed please?
I've looked on the website, but no reference to salaries changing,
Thanks:(:(

Ed-1

sunnyflower wrote: »

Would like some advice please:
My son is starting his 3rd and final year in September. He has never been entitled to a grant as we earn too much ( just over the threshold , don't get me started :mad:).
Anyway I'm retiring in October, my occupational pension will be less than half of my salary. What can we do to get my sons reassessed please?
I've looked on the website, but no reference to salaries changing,
Thanks:(:(

You can request a current year income assessment (that is, the application will be assessed on your income for the 2015/16 tax year) if it has dropped by at least 15% from the tax year 2013/14 which the application would normally be assessed on. Student Finance will then assess entitlement based on an estimate of the income you are likely to receive by next April and adjust again if necessary based on the final figures next April.

rthomas10

Hi
Im new here so I'm not 100% on how it works but here goes....

I have just completed my studies and will graduate in October howeverI am thinking of returning in september to start a PGCE. I checked on line for student finance this morning and noticed an interim payment due to be paid into my account on Monday. I thought this is great as I could do with this right now............however I rang up to make sure it was legitimate. The lady on the phone told me it is legitimate however a letter was being sent out to me today to tell me I now owe £4000 in grant over payments as they had made an error and awarded me the full amount of which I wasn't entitled even though I've supplied my financial evidence as and when required. I am already on a debt management plan and if this is the case I won't be able to return to university in september as they will take all the money back that i supposedly owe them even though this is not really my fault.

The other problem is they are now saying my daughter in her 1st year also owes them £1500 due to an overpayment and she is out of her mind as she won't be able to return to study either. Plus the fact I also have another daughter off to university in september. How can mistakes like this be allowed to happen and where do we go from here?

Thanks

Brooker_Dave

"Student loans DO NOT go on credit files"

Well yes they do.

Only after being sold to a vulture fund working out of a tax haven for 5p in the pound though.

It's what happens to them 20+ years later that should worry today's students and parents, the promises given to me proved to be worthless.

silvercar

Brooker_Dave wrote: »

It's what happens to them 20+ years later that should worry today's students and parents, the promises given to me proved to be worthless.

What worries today's students is how they will manage at university this year with the amount of loan they are given, not what happens 20 years down the line.