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  • FIRST POST
    • gt568
    • By gt568 8th Feb 19, 1:32 PM
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    gt568
    Student loan - OU
    • #1
    • 8th Feb 19, 1:32 PM
    Student loan - OU 8th Feb 19 at 1:32 PM
    Can you get a student loan for the OU in the same way you do for a bricks and mortar university? And can you get that loan even if you are working?
    Down with the signature fascists!!
Page 1
    • gt568
    • By gt568 8th Feb 19, 1:39 PM
    • 1,726 Posts
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    gt568
    • #2
    • 8th Feb 19, 1:39 PM
    • #2
    • 8th Feb 19, 1:39 PM
    Edit - looks like you can.


    Presumably then if you are earning above the threshold you'd start paying straight away?
    Down with the signature fascists!!
    • Ed-1
    • By Ed-1 8th Feb 19, 4:48 PM
    • 2,508 Posts
    • 1,313 Thanks
    Ed-1
    • #3
    • 8th Feb 19, 4:48 PM
    • #3
    • 8th Feb 19, 4:48 PM
    Can you get a student loan for the OU in the same way you do for a bricks and mortar university? And can you get that loan even if you are working?
    Originally posted by gt568
    You can get tuition fee loans for distance learning courses.

    You can't currently get maintenance loans although the Department for Education are still intending to extend these to distance learners from September 2019 (depending on robust controls being put in place) as consulted here:

    https://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Commons/2018-12-17/202813/

    28. In light of these concerns, the Government intends to extend maintenance loans to part-time distance learning courses from Academic Year 2019/20, subject to the development of a robust control regime to manage the particular risks and challenges associated with this mode of study.

    32.The Government intends to apply an adjustment to the amount of support available for distance learners to reflect the lower participation costs facing students on such courses. The exact amount will be based on analysis of available data on the costs of study, such as the Department’s Student Income and Expenditure Survey, and the basis for the final decision will be published. To ensure parity of treatment, distance learning courses offered on a full-time basis will also be eligible for maintenance support from the point that the part-time loan is extended in scope to distance learners.
    Last edited by Ed-1; 08-02-2019 at 4:52 PM.
    • Ed-1
    • By Ed-1 8th Feb 19, 4:55 PM
    • 2,508 Posts
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    Ed-1
    • #4
    • 8th Feb 19, 4:55 PM
    • #4
    • 8th Feb 19, 4:55 PM
    Edit - looks like you can.


    Presumably then if you are earning above the threshold you'd start paying straight away?
    Originally posted by gt568
    Loans enter repayment in the April after leaving the course.
    • gt568
    • By gt568 8th Feb 19, 5:36 PM
    • 1,726 Posts
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    gt568
    • #5
    • 8th Feb 19, 5:36 PM
    • #5
    • 8th Feb 19, 5:36 PM
    Loans enter repayment in the April after leaving the course.
    Originally posted by Ed-1

    So I could do the degree over 6 years and not pay until it is finished even though I would be earning throughout?
    Down with the signature fascists!!
    • Ed-1
    • By Ed-1 8th Feb 19, 6:18 PM
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    Ed-1
    • #6
    • 8th Feb 19, 6:18 PM
    • #6
    • 8th Feb 19, 6:18 PM
    So I could do the degree over 6 years and not pay until it is finished even though I would be earning throughout?
    Originally posted by gt568
    Yes. Unless it's part-time when the loan enters repayment on the earlier of the April after the 4th anniversary of the course start date, or April after leaving the course.

    You'd only pay anything anyway if earning above the repayment threshold. If you already have loans in repayment from an earlier course then you may make repayments on those.
    • Mrs_Ryan
    • By Mrs_Ryan 9th Feb 19, 1:05 AM
    • 10,801 Posts
    • 20,433 Thanks
    Mrs_Ryan
    • #7
    • 9th Feb 19, 1:05 AM
    • #7
    • 9th Feb 19, 1:05 AM
    You can get a maintenance loan for OU (I have one) but only if you have a disability which stops you attending a brick uni. And this is virtually impossible to prove!!!
    Very proud to be Open University BA (Hons) English Lang and Lit Graduate! MA English De Montfort Uni 2018- PASSED WITH MERIT!! Round 2 OU started 06/10- BSc Combined STEM, Year 1 E117 and DE100.
    Got Engaged 02/10/2018
    Miss you JV and TW
    Elle
    • gt568
    • By gt568 9th Feb 19, 8:57 AM
    • 1,726 Posts
    • 2,928 Thanks
    gt568
    • #8
    • 9th Feb 19, 8:57 AM
    • #8
    • 9th Feb 19, 8:57 AM
    I'm in FT employment and earning over the threshold.

    What I didn't realise was I could get a loan, which make this much more appealing.
    Down with the signature fascists!!
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