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Student finace Question
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millwalll
Posts: 912 Forumite
Hi all my course fee is £1225 and Ive been told that I am allowed £1225 for my fees. Also I am allowed £2620 maintenance loan. I dont think I will need the maintenance loan but should I still take it and put it in isa ?
Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
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Is the £1225 a fee loan?
What else you are entitled to depends on your (or your parents) income. It is all explained here:
http://www.studentsupportdirect.co.uk/portal/page?_pageid=1647,468683&_dad=portal&_schema=PROTOCOL
Is it a degree that you are doing?Gone ... or have I?0 -
Up to you - you'll need to sit down and compare ISAs with the interest you'll pay on the loan...April Grocery Challenge £81/£1200
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How can I find out what the interest is on the loan ? Its from studentfinancedirectHi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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On their website.April Grocery Challenge £81/£1200
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from there website
The interest rate for Income Contingent Loans applies from 1 September to 31 August each year. It is linked to the rate of inflation in line with the Retail Prices Index: this means that the amount you pay back will have broadly the same value as the amount you have borrowed and no profit is made on the loan itself. All student loans accrue interest from the date they have been paid, and interest accrues on your loan until it has been repaid in full. The interest rate is currently 4.8%.
and my isa is 5.66
is there any point me taking the extra money just to put in my isa?Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Which course are you actually doing millwalll?
You were not sure a while back whether it would be a degree course or not?
Also, what do you plan to live off?Gone ... or have I?0 -
The course is a degree in information tech and I plan to get part time jobHi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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