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Student Loans and Burseries for your children whilst on an IVA
Battle_weary
Posts: 25 Forumite
Hi Guys
Waiting to hear from Debt free direct re my IVA application and have arranged for Black Horse to come and collect the car.
Does anyone know what happens with regards students when you are on an IVA. My daughter is due to go to university Sept 08 and our gross income would mean very little, if any, means tested grants. Can you appeal for a student grant if all parents income is going on an IVA? Just wondered if any other parents out there with kids at University were on an IVA - and how they found the system.
Waiting to hear from Debt free direct re my IVA application and have arranged for Black Horse to come and collect the car.
Does anyone know what happens with regards students when you are on an IVA. My daughter is due to go to university Sept 08 and our gross income would mean very little, if any, means tested grants. Can you appeal for a student grant if all parents income is going on an IVA? Just wondered if any other parents out there with kids at University were on an IVA - and how they found the system.
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Comments
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My Bankruptcy had no effect whatsoever on my daughter's student loans - I would imagine it will be the same with an IVA.
By the way - what did your IP reccomend regarding Black Horse and the car?I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.
HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7
DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS0 -
I think the problem here might be more that the IVA payments may not be taken into account when the level of support that the daughter is entitled to is assessed.
In other words, a high income for the parents may mean little support available in terms of grants/loans. But because in reality the surplus income is very small because of the IVA payments, the parents will not be able to offer much alternative support out of their own pocket.
I don't know the answer, but the awarding bodies should have some policy on this (good or bad).Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0 -
My Bankruptcy had no effect whatsoever on my daughter's student loans - I would imagine it will be the same with an IVA.
By the way - what did your IP reccomend regarding Black Horse and the car?
Hi there
The CAB recommended that we returned the car and when my husband rang Debt Free Direct they confirmed that it was ok to surrender the car and have any balance that may be left added to the IVA0 -
The following forum contains an entire section on IVA's. You can probably find plenty of info, and the answers to lots of questions about them there.
Main forum: http://www.debtquestions.co.uk/debt_forum/
IVA section: http://www.debtquestions.co.uk/debt_forum/viewforum.php?f=4Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0
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