Thinking of going back to college, worried about savings

confusedLG

I work in a minimum wage job, but the employer is cutting back on staff and hours and I want to go back to college,

Issue is I have £2000 in main bank account and £600 in second so was worried they may turn me down for a bursary if I have savings, I was thinking of taking most of the £2000 and putting it into my 2nd account as that way it shows as less money as by time I apply for bursary the previous 3 months statements would show less money.

Not looking to con anyone I just dont want to have no or little income because I am thrifty(I am on low wages but live off reduced food from supermarket, never drink alcohol. dont smoke and only eat a bag of chips as a takeaway) so can live off less than £20 a week with a few meals a day and still have treats and my rent is £50 a week as its unfurnished in a rough area and I have a bus pass for getting about so outgoings are low.

Wantobeasaver

confusedLG wrote: »

I work in a minimum wage job, but the employer is cutting back on staff and hours and I want to go back to college,

Issue is I have £2000 in main bank account and £600 in second so was worried they may turn me down for a bursary if I have savings, I was thinking of taking most of the £2000 and putting it into my 2nd account as that way it shows as less money as by time I apply for bursary the previous 3 months statements would show less money.

Not looking to con anyone I just dont want to have no or little income because I am thrifty(I am on low wages but live off reduced food from supermarket, never drink alcohol. dont smoke and only eat a bag of chips as a takeaway) so can live off less than £20 a week with a few meals a day and still have treats and my rent is £50 a week as its unfurnished in a rough area and I have a bus pass for getting about so outgoings are low.

So you want to keep this 2nd account a secret basically?

Voyager2002

I think you need to read the regulations for the bursary carefully... including the T and Cs and what they say about fraud.

confusedLG

I feel I should make things clear, part of the savings were for a potential flat move in a few months that after moving costs, deposit, rent in advance will be at least £1000 plus when I start course it would be a month at least before I got bursary so want to pay a month at leasts rent more than owed and would need course materials, plus the money is saved from DLA so I can buy something to help me with disability.

But if they just looked at money I have in they would assess me on that, I remember when at college about 6 years ago I had about £600 in bank for same reason(moving costs, rent in advance) and had bursary cut down because of it so its purely I want to remove the money to get the proper bursary taking into account the money is allocated for something and they ask for 3 months statements