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  • FIRST POST
    • MSE Eesha
    • By MSE Eesha 8th Mar 16, 11:44 AM
    • 119Posts
    • 29Thanks
    MSE Eesha
    Postgraduate loans 2016/2017 starters
    • #1
    • 8th Mar 16, 11:44 AM
    Postgraduate loans 2016/2017 starters 8th Mar 16 at 11:44 AM
    Hi!

    This is the discussion thread for the



    Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.


    Thanks folks,
    Last edited by MSE Eesha; 18-03-2016 at 2:48 PM.
Page 2
    • warprose
    • By warprose 30th Mar 16, 5:48 PM
    • 1 Posts
    • 0 Thanks
    warprose
    Thanks all for the information being shared. I have read various articles about the proposed loan and it being eligible for residents "ordinarily" living in UK and for a term of 3 years prior. I want to apply for a Master's commencing 2016/17 and I am a citizen of England but have temporarily worked abroad for 2 years just prior to the course and can show evidence of this. What are my chances of still receiving and being eligible for the proposed loan ? Many thanks, R
    • Voyager2002
    • By Voyager2002 31st Mar 16, 3:41 AM
    • 13,164 Posts
    • 9,058 Thanks
    Voyager2002
    Thanks all for the information being shared. I have read various articles about the proposed loan and it being eligible for residents "ordinarily" living in UK and for a term of 3 years prior. I want to apply for a Master's commencing 2016/17 and I am a citizen of England but have temporarily worked abroad for 2 years just prior to the course and can show evidence of this. What are my chances of still receiving and being eligible for the proposed loan ? Many thanks, R
    Originally posted by warprose
    Umm... there is no such thing as a citizen of England.

    You will have to check how they define "ordinarily resident" in England: things like having a permanent address, bank account, paying bills, might help you.
    • dexter1007
    • By dexter1007 14th Apr 16, 6:14 AM
    • 2 Posts
    • 0 Thanks
    dexter1007
    How will the loan affect benefits?
    Hi,
    I am disabled and claim benefits, I claim ESA and DLA I am married with four kids. How will the postgraduate loan affect my claim, I don't seem to be able to find any info on the Internet. Thanks for any help.
    • Skelly18
    • By Skelly18 20th Jul 16, 6:57 PM
    • 2 Posts
    • 2 Thanks
    Skelly18
    How will the loan affect benefits?
    Hi Dexter1007,


    I know it was a long time ago that you posted this query, but thought it would be helpful to share this very new information that I gleaned in the last few days from the university I will be attending, and a disability information line, in the last couple of days.

    I no longer work and am on and income-related benefit with a disability component. I am due to commence a part-time (so, over two years) Masters, from this September. I asked how the Postgrad loan (which I have had approved) would affect my benefit entitlement, as the actual contact time on my course is just one day or so, I meet the part-time element of the course for benefit purposes. However, after being told the following, I rang up the DWP to check things out. This is what roughly what I was told by my Student's Union Welfare team and the disability benefits organisation:



    Income-related benefits are means-tested.


    30% of the postgraduate loan you are entitled to receive (which is 5,000) will be taken into account as student income. You will be treated as having this income if you are entitled to it, even if you choose not to take it because of any scholarship awarded, or even if you decide only to take part of it. This will affect the benefit rate paid to you over the term weeks.


    There is no differentiation on whether the postgraduate loans payments are for fees or living costs.


    If you are entitled to a maximum loan of 5,000, you will be treated as having income of 1500. There will be fixed disregards for books, equipment and travel also.


    The regulations only came out last week so we are trying to find out what the disregard actually is for part-time students.



    Obviously, each individual circumstance is different, but it would be wise to check out your particular situation (as stated, above, the information is so new, it is not totally set in stone, as yet). I now have to send in all my documentation to DWP so that they can "decide" whether to "allow" me to undertake the course...Hmmm...Anyway, this is something I wanted to let other people know and to encourage them to check out their own, individual situations...I was, luckily, awarded a scholarship for all but a small amount of the fees, so I pray that there is nothing that stops me from doing this course and bettering my life situation, so that I can start self-employment which will work around my many health issues. Would encourage others to also apply for the Disabled Students' Allowance (DSA), in order to give oneself the best chance of not being further disadvantaged, healthwise, and make the most of studying.

    Good luck!


    • a1enty
    • By a1enty 3rd Aug 16, 6:24 AM
    • 3 Posts
    • 0 Thanks
    a1enty
    Hi,

    Does anyone know if there is an option for transferring an existing PCDL from say Barclays to the new SLC scheme? I took out my Master's loan in 2013.
    • Espange
    • By Espange 3rd Aug 16, 7:06 AM
    • 1 Posts
    • 0 Thanks
    Espange
    Valid for LPC?
    Is this loan available for students on the LPC?
    • Hayleygg
    • By Hayleygg 3rd Aug 16, 8:10 AM
    • 1 Posts
    • 0 Thanks
    Hayleygg
    New masters loans
    Hi

    I've just read the MSE email regarding the new masters loans. Are PGCE students (September 2016 start) eligible for this please?

    Many thanks
    • silvercar
    • By silvercar 3rd Aug 16, 8:49 AM
    • 39,204 Posts
    • 163,035 Thanks
    silvercar
    Hi

    I've just read the MSE email regarding the new masters loans. Are PGCE students (September 2016 start) eligible for this please?

    Many thanks
    Originally posted by Hayleygg
    PGCE students get funding as part of their undergraduate loan.
    • Knowmanythings
    • By Knowmanythings 3rd Aug 16, 3:12 PM
    • 5 Posts
    • 2 Thanks
    Knowmanythings
    Postgraduate loan discrimination
    The Government is indeed 'Omnicompetent' in its ability to breach regulations and laws that a private provider could not.


    Age is a protected characteristic. So denying anyone over 60 student funding for postgraduate study should be as unacceptable as denying access because of other protected characteristics - disability, gender, etc. etc.


    Is there anyone out there willing to challenge this? I write as someone prevented from funded retirement because of changes to retirement age; with the 'right' to work forever (despite having worked since 16 years old).
    • AzariahJenney
    • By AzariahJenney 3rd Aug 16, 4:56 PM
    • 2 Posts
    • 0 Thanks
    AzariahJenney
    Hello I completed a masters from September 2014 to September 2015. I took out a career development loan for the masters and have documents that prove that's where the money has gone to. Is it possible to move this debt into a student finance loan?
    • AzariahJenney
    • By AzariahJenney 3rd Aug 16, 5:12 PM
    • 2 Posts
    • 0 Thanks
    AzariahJenney
    if you took out a career development loan for a masters are you able to convert it into a student finance postgraduate loan?
    • Ed-1
    • By Ed-1 3rd Aug 16, 6:13 PM
    • 2,599 Posts
    • 1,389 Thanks
    Ed-1
    Hello I completed a masters from September 2014 to September 2015. I took out a career development loan for the masters and have documents that prove that's where the money has gone to. Is it possible to move this debt into a student finance loan?
    Originally posted by AzariahJenney
    if you took out a career development loan for a masters are you able to convert it into a student finance postgraduate loan?
    Originally posted by AzariahJenney
    No, postgraduate master's loans are only for new students starting courses from 2016/17 onwards.
    • Zobo127
    • By Zobo127 3rd Aug 16, 8:30 PM
    • 1 Posts
    • 0 Thanks
    Zobo127
    Hi,

    I am new to this forum thing, but just a few questions....
    This bit -
    [I]This must be your only funding: If you're able to apply for a bursary instead, eg,a healthcare bursary from the NHS, a social work bursary from the Department of Health, Social Services and Public Safety (DHSSPS) or a bursary from Student Awards Agency Scotland (SAAS), you won't be eligible for the postgraduate loan.

    I thought the social wok bursary was not guaranteed for all social work courses....and was only available with some university courses. So where It states "if you are able to apply" does that mean that because there are some courses/universities that are HCPC accredited as so could apply for a bursary; I woyld not be eligible to apply for the loan?
    Also am I able to apply if it's for an employment based course?

    Sorry for all the questions?
    Hope you can help?
    • mountaindreams
    • By mountaindreams 12th Aug 16, 9:06 PM
    • 17 Posts
    • 3 Thanks
    mountaindreams
    Previous masters level modules with OU
    I have taken some post graduate modules with the Open University but have not completed a Masters. I have paid for these myself. I am registered with OU for working towards a masters.

    The information on the gov website is rather tenuous as it says it depends if you have studied on a post grad course before then you are not eligible if you already have a masters degree or equivalent.

    If I were to apply for a masters at a regular university would I be able to get a post grad loan as I don't actually have a post grad qualification. In which case I would not finish the OU qualification and do a taught masters at a standard university.
    • surfsister
    • By surfsister 14th Aug 16, 7:15 AM
    • 7,395 Posts
    • 10,790 Thanks
    surfsister
    The Government is indeed 'Omnicompetent' in its ability to breach regulations and laws that a private provider could not.


    Age is a protected characteristic. So denying anyone over 60 student funding for postgraduate study should be as unacceptable as denying access because of other protected characteristics - disability, gender, etc. etc.


    Is there anyone out there willing to challenge this? I write as someone prevented from funded retirement because of changes to retirement age; with the 'right' to work forever (despite having worked since 16 years old).
    Originally posted by Knowmanythings
    Yes totally agree as most people now have to work to 67/8 or longer to get their pension why should the loan stop at 60. Surely it's ageist?

    Could we start a petition or similar??
    • Ed-1
    • By Ed-1 14th Aug 16, 11:26 AM
    • 2,599 Posts
    • 1,389 Thanks
    Ed-1
    Yes totally agree as most people now have to work to 67/8 or longer to get their pension why should the loan stop at 60. Surely it's ageist?

    Could we start a petition or similar??
    Originally posted by surfsister
    It's generous as it is. Any higher than age 60 and they'd be effectively giving you a grant and no-one would earn enough to pay it back (it's perfectly legitimate for income-contingent finance to restrict accessibility on age criteria).
    • surfsister
    • By surfsister 15th Aug 16, 7:39 AM
    • 7,395 Posts
    • 10,790 Thanks
    surfsister
    whatever the ins and out it's definitely ageist!! the BA loan had to be changed as it was ageist. This is just the same.

    60 is no longer retirement age anyway it's 67 for many people now!!!
    • Ed-1
    • By Ed-1 15th Aug 16, 11:06 AM
    • 2,599 Posts
    • 1,389 Thanks
    Ed-1
    whatever the ins and out it's definitely ageist!! the BA loan had to be changed as it was ageist. This is just the same.

    60 is no longer retirement age anyway it's 67 for many people now!!!
    Originally posted by surfsister
    This loan is designed to be paid back on income-contingent terms over 30 years. I don't think the prospect of the SLC dealing with the over 90s appealed very much...
    • Yop
    • By Yop 17th Aug 16, 5:22 AM
    • 1 Posts
    • 0 Thanks
    Yop
    Some Questions I Cant Get Answered
    I hope someone can help me with a few questions I had regarding the postgraduate loan. I have tried to contact student finance in writing but have had no response, and I cannot seem to find any clear answers anywhere on the online materials.

    First a brief explanation of my situation. I am taking out the full 10, 000 postgraduate loan to start a masters course in October 2016. I also currently have an undergraduate student debt. I started my undergraduate course before 2012, so the interest rate on this is currently set at RPI (subject to repayment plan 1). Once I have taken the postgraduate loan, I will have an additional 10, 000 debt which increases at a rate of RPI +3%. My queries are:

    1) Will taking out the postgraduate loan have any effect on the undergraduate debt I currently have. Specifically, as explained above my undergraduate debt is subject to plan 1 (has a lower level of interest). Will taking out a postgraduate loan increase the interest rate of my existing undergraduate loan (from RPI to RPI + 3%)? Or will my undergraduate loan remain as it is (i.e. increase just by RPI each year)?

    2) It would make more financial sense for me to try to clear the higher interest loan (postgraduate) before the other (undergraduate). If I wanted to make voluntary repayments once I start earning, would it be possible to specifically make these to the postgraduate loan, or will voluntary repayments have to be split between the two debts? For example if I wanted to repay a lump sum of 1000, would it be possible to direct this solely to my postgraduate debt, or would it have to be divided between this and the debt I already hold from my undergraduate loan. As an aside, if voluntary repayments did have to be split between the two debts, how would this be done: 50/50, or proportionally based on the size of each debt relative to my total debt?

    3) Finally, do you have any tips on how someone in my situation should best go about repayment. I anticipate I will clear the postgraduate debt within 30 years, and this is going to be gathering interest: so my current plan is to try to clear that one as quickly as is reasonably possible with voluntary repayments, and leave the undergraduate one as it is (minus compulsory repayments).

    Thanks very much in advance.

    Yop
    • silvercar
    • By silvercar 17th Aug 16, 7:39 AM
    • 39,204 Posts
    • 163,035 Thanks
    silvercar
    1. Your plan 1 loan remains unchanged.

    2. I don't know for sure, but I would have thought that voluntary repayments be directed where you want, given they are voluntary.

    3. Save and use your savings to clear the debt? Remember that this is not like any other debt in that it doesn't appear on your credit rating, is not repaid if you don't earn enough, eventually gets wiped etc
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