Part-time Student Loans for an OU course

Mismatched

Hey guys,

I just wondered if anyone on here could help, as I am finding the information available online slightly confusing. I recieved full-time funding for 2 years of an undergraduate degree 2007-2009. I received no credits as I did not take my final exams and dropped out. I know I will only be eligible for 2 years more funding from student finance, and whilst going back full time would be wonderful, I could not afford to fund the first year.

I am considering an OU degree as an alternative (i am currently a SAHM), but cannot find information on whether part-time study loans are availible to those who have had previous funding for full-time study? Has anyone on here had a similar experience or know what the rules are?

Thank you for your help!

dizzyrascal

Did you complete either your first year and your second year or did you repeat a year and not pass any stage?
In other words, do you have any transferable credit. You don't have to have completed a degree for this.

Mismatched

I repeated a year, I don't believe I have any transferable credit.

dizzyrascal

In that case you will need to pay for at least one year of study as you should be able to get another 2 on a student loan. However, I believe that you pay this first and then get the funded years. So, if you study PT through the OU over 6 years to get a full degree, years 3-6 will be funded. Years 1-2 you will have to pay £2,500 per year if you study 60 credits each year. a Total outlay of £5,000 before funding applies.
There is not maintenance funding for PT study.
You should check this though with the OU first