University Campus or Home?

stebiz

balletshoes wrote: »

but wouldn't she have a lot of outlay from that £8k a year? I would have thought she'd have commuting expenses, socialising to pay for, plus books/materials etc. Surely you don't expect her to be able to bank the majority of the maintenance she gets as a student, while being a student?

We are talking about a University that she could even walk to if she had to.Either way she'd have use of one of the family cars and I'm sure we'd help with anything else. But she's also looking for a small job.

Arthien

stebiz wrote: »

Many people say that she may miss the student experience. Well if that means that she won't have sex, drugs and alcohol then so be it.

:eek:

So much for freedom and independence to make her own decisions!

I have nearly 30k of student debt, my OH has about 20k (I got no grants or bursaries, unlike him) and I can honestly say it doesn't bother me. I pay back my loan every month but I don't even see it go, and I'm coping so well financially that I can afford to pay for my own wedding and to buy my own house, only 2 years after graduating.

It's very narrow-minded to think it will ruin the rest of her life. In fact, I make a joke of the fact that (if I hypothetically never got a better job, or quit to have a family, or moved abroad) I would actually have a free education, just as my parents did, because I would never fully repay my loan within the 25 year repayment period!

sulphate

Honestly I think it's sensible to be aware of the debt. I agree that it alone shouldn't be the only factor in the decision, but 27k minimum is a lot of money for a 21 year old to graduate with, so why add to it unless necessary/she really wants to. And its not interest free. OP I know your daughter has already decided that she wants to go to uni so this is irrelevant, but those weighing up their options post-school should also take into account the earnings that they wouldn't get in those 3 years as well. Which also adds up.

I rather resent the notion that someone who lives at home is immature. Each to their own. Husband and i have lived with my parents the last 2 years whilst saving for a deposit. I think that I've "formed my personality" a lot more in that time than i did living in a shared house with a few friends paying someone else's mortgage and going out drinking a couple of times a week.

Person_one

stebiz wrote: »

I read your thread too victory. I've no doubt it does take time to adjust but to be honest I'd be happier if she said that she'd found a nice guy to move in with - when she's ready, and not just because she's hit the magical age of 18 she HAS to leave.

Good God man, its 2013!

Dunroamin

stebiz wrote: »

Not at all. She will make her own decision on this one - trust me. I can only point out the financial situation to her and hope that she sees it from that view. The way some see student debt on here is frightening.

It will be deducted when working out her mortgage. It is going up 3.5% a year. A debt is a debt.

Not really encouraging her to make up her own mind, is it?

Student loans certainly aren't deducted when working out a mortgage, although the repayments (if any) may be. These will be the same if she borrows £20K as if she borrows £40k.

Perhaps people see student loan debt in the way that they do because they understand it better than you?

stebiz

Person_one wrote: »

Good God man, its 2013!

What's that mean? Don't women live with fellas any more?

Arthien

stebiz wrote: »

I read your thread too victory. I've no doubt it does take time to adjust but to be honest I'd be happier if she said that she'd found a nice guy to move in with - when she's ready, and not just because she's hit the magical age of 18 she HAS to leave.

The other option is delaying by a year once she's had her offers if she really doesn't feel ready, or if she thinks she could get valuable work experience for a year. But as others have said, it's a long way away yet, and it's not something she'd need to decide on any time soon.

balletshoes

sulphate wrote: »

Honestly I think it's sensible to be aware of the debt. I agree that it alone shouldn't be the only factor in the decision, but 27k minimum is a lot of money for a 21 year old to graduate with, so why add to it unless necessary/she really wants to. And its not interest free. OP I know your daughter has already decided that she wants to go to uni so this is irrelevant, but those weighing up their options post-school should also take into account the earnings that they wouldn't get in those 3 years as well. Which also adds up.

I rather resent the notion that someone who lives at home is immature.
Each to their own. Husband and i have lived with my parents the last 2 years whilst saving for a deposit. I think that I've "formed my personality" a lot more in that time than i did living in a shared house with a few friends paying someone else's mortgage and going out drinking a couple of times a week.

your situation isn't the same as the OPs daughter though - she's never had any time living away from home, she doesn't stand on her own 2 feet, and it sounds like the OP is happy to subsidise her all the way through uni without her having to budget for anything really.

balletshoes

stebiz wrote: »

What's that mean? Don't women live with fellas any more?

Some prefer to have their own place, their own income, their own lifestyle, without living with their men (straightaway or maybe not at all ).

thorsoak

stebiz wrote: »

I read your thread too victory. I've no doubt it does take time to adjust but to be honest I'd be happier if she said that she'd found a nice guy to move in with - when she's ready, and not just because she's hit the magical age of 18 she HAS to leave.

Just what century are you living in Stebiz???? You'd be happy if your 18 year old daughter found a nice guy to move in with???? Seriously??

What has your wife got to say about this?

I'm 70, married at 20 with no regrets - but in this day and age I would be having kinippety fits if my 18 year old granddaughter were proposing to do the same! Give the girl her independance, for heaven's sake!