Industrial placement year - affect on student loan

Kess

My son is in the 2nd year of a 4-year university Computer Science course and has just applied for an industrial placement year with a local company. If he gets it he would take a year off university during 2012-13.

He is worried that when he returns to uni in 2013 he might fall under the new post-2012 student finance system. Or will he still fall under the "old" system as he started the course back in 2010? Does anyone know?

melancholly

i'm not so sure on work placements (as opposed to studying abroad). are placements arranged/encouraged by the department or is this a private arrangement? if half the year group will do a placement, then the uni will be able to give answers as this will happen all the time. at any rate, even if he defers the year, he shouldn't have to pay the increased fees. i'd be more worried that he'd owe fees to the uni for the duration of placement year.... plenty of people do a year in industry though, so i'm sure someone who knows more will be able to help!

Simon11

Hi

I would assume that he would continue paying the old rates however I would contact the university to confirm.

As for doing a placement, that is the best thing ever to do!

I did a placement year in 2009-10 as a Business Analyst and I learnt so much! This led me to my current job as a revenue analyst which I started a week after my final exams! 7 Months down the line, I'm handing in my notice and becoming a Business Analyst Manager responsible for a company with revenue of over half a billion £.

Now if I hadn't have taken the placement year, I would have had no chance in hell of getting this manager's job. In the current market, I believe a placement is more valuable than getting a first.

If you have any questions on placements drop me a pm.

Regards

Simon
A week after

Taiko

Would stay on the old rates. 100%.

woodenstreets

I'm currently on placement and I know I will still be paying the old rates on my return to Uni.

Lokolo

As above, same rates. However you should tell your son to reserarch whether the university charge tution fees in his year out, mine did (not full amounts, partial) to cover costs of lecturers coming out to see you etc. in which case he may have to (unless he plans on paying it himself) take out student loan in that year.

Kess

Thanks for all the responses. It's interesting to know he may still have to pay some university fees; we hadn't anticipated that. I'll get him to speak to his department about it.

phill1222

hi,

I'm currently on a placement year and have to pay £675 tuition fees for the year. I think this is about the norm.

Also, I have a question. Will I still be entitled to the full student loan and maintenance grant when I return to Uni next year. My placement is a paid placement. However, with accommodation and travel I am unable to save any of this, so will need student finance.

Thanks

Lokolo

phill1222 wrote: »

hi,

I'm currently on a placement year and have to pay £675 tuition fees for the year. I think this is about the norm.

Also, I have a question. Will I still be entitled to the full student loan and maintenance grant when I return to Uni next year. My placement is a paid placement. However, with accommodation and travel I am unable to save any of this, so will need student finance.

Thanks

You get part finance (well you did few years ago when I did one)

See below.

MusicalLawyer

You would get the full finance upon your return

Lokolo

KellyKing1987 wrote: »

You would get the full finance upon your return

Sorry yes I mis-read the original question!

You'll get full finance on return, but out on placement you can still get part loan.