Tutition Fees Argument(Ex-Student Loans)

HappyFeet_2

You'll have to save before you go, just be thankful you've realised now so you have the summer to gether some money together.

My flatmates rent is just covered by her loan and her parents give her £100 a month to live on, she struggles but is just about managing. She has to get a job over the summer to pay rent for next year.

I'm in a fairly fortunate position as my parents are seperated and my mums income is under £17.5k so i get the £2700 loan ontop of my loan. My Dad also gives me an allowance of £300 a month which i put into savings. And ontop of that? I work 25 hours a week!

You meet people in such a variety of situations at uni, people are always struggling for money so dont think you'll be left out because you're not loaded.

looby-loo_2

Good luck finding a job. My daughter registered with four agencies last summer and applied for 6 jobs but got nothing. The shop jobs only wanted people who would stay, not students and the agencies had nothing even though she rang several times each week.

All in all she earned just £73 baby sitting, gardening and dog walking for neighbours in the whole summer.

She is in catered halls which only costs £12 a week more than non-catered so it was a good deal but this leaves her about £300 short each term. She is building up an OD with this.

It's a campus university so she doesn't go far or spend much. I give her £10 a week and she has used some birthday money. (**Just checked her account on-line and she uses less than the £10**) We pay her train fares and I give her a box of 'goodies' so she doesn't need to buy snacks.

All her friends seem to be the same. The debt she will leave with does concern me but I wouldn't le that stop her going.

ps - my son in London gets a higher loan which covers his rent easily and leaves him extra for spending. I give him £10 a week too and he has saved it all into three ISAs (one each year).

wacko911

Full time study at the open universty (32 hours per week) living at home, you will get all your fees paid for (as you dont work) and will have your honours degree in 3 years.

Better still you can earn up to 15k a year and your fees will still be paid, you may also gets other grants on top of your fees.

Suppose it depends what your are studying?

Oh any you wont leave uni with 12k of student loans to pay back either? Makes money saving sense to me!

Oldernotwiser

OU fees can be covered up to £1150 per year which doesn't always cover 2 X 60 point courses (full time study). If you weren't working at all you'd still need income to live and if you were earning £15,000 pa. you would only be allowed to study part time so the degree would take longer.

Studying with the OU (or any part time study) can be the answer to financial problems for some people but it doesn't suit everybody and the finances are not as simple as you make out.

Blacksheep1979

ok so would you prefer to get student loans at the required £3.5k for rent and another say £4k for living per year and at the end of it be an extra £12k in debt compared to now?

tr3mor

lucien_roach wrote: »

I had been really looking forward to Uni this year, then today i decided to look at what finance was availible to me...
I have two choices Leicester and Newcastle, Newcastle being the prime choice. so i have calculated that i will get around £3380 per year this isn't even enough to cover the rent. If i wanted to live in the halls the cheapest residency near the uni is £3539 per year (if i used a further away halls travel costs would push this even higher). :mad:
how the hell am i expected to cover the rest of the costs of being a student without getting a job (which is condemned by the university).

I do not want to use my parents as financial support.

I thought this looked funky so i put it in

---

>:money:

The cheapest halls at Newcastle are £2300 a year, there are halls within easy walking distance of the uni for £2700.

And like everyone else said... get a job

lucien_roach

cheers for the advice.

tr3mor wrote: »

The cheapest halls at Newcastle are £2300 a year, there are halls within easy walking distance of the uni for £2700.

pricewise i meant catered just because i'm a lazy !!!! (and my cooking tends to end up a bit smokey). i would be doing self-catering the next year tho.

it said on many of the sites i looked at it was not recommended, i was thinking of taking one none the less anyway

i can earn about £850 odd working as a cleaner at my school over summer (re-polishing floors..etc).

i am hoping not to use my parents as a source of income tho.

lucien_roach

actually another thing which has bugged me why is the period when i would be a undergraduate (18-21, i know i would finish at the age of 23) have a lower minimum wage? about £4.30ish. You'd think that you'd have the same rights as any other citizen? considering your officiallt adult and have apolitical voice

tr3mor

lucien_roach wrote: »

pricewise i meant catered just because i'm a lazy !!!! (and my cooking tends to end up a bit smokey). i would be doing self-catering the next year tho.

Ah, you've got bed and board then. What more could you want?

BargainHunterCat

I'm not sure how I feel about the situation with Uni costing so much these days and saddling students with so much debt doesn't seem fair. Surely it should be on merit rather than who can afford it?

I don't think its fair that bright kids miss out because of financial constraints.

I was quite shocked to read above that parents are expected to contribute! How does that work? Surely students are adults?