Help With Student Loans - HERE!
Comments
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True but postgraduate nursing qualifies for student finance doesn't it?
I don't know, which is why I why I said "if". I did my undergraduate degree long before student finance was a thing, and I funded my own Master's degree more recently, so my knowledge of the whole process is quite limited.0 -
https://www.gov.uk/student-finance/who-qualifies
Your course
This must be in the UK and one of the following:
a first degree, for example BA, BSc or BEd
a Foundation Degree
a Certificate of Higher Education
a Diploma of Higher Education (DipHE)
a Higher National Certificate (HNC)
a Higher National Diploma (HND)
a Postgraduate Certificate of Education (PGCE)
Initial Teacher Training
an integrated master!!!8217;s
a pre-registration postgraduate healthcare course0 -
Politics.
Income-contingent student loans started in 1998 at 9% over a threshold of £10,000.
In 2005 that threshold was raised to £15,000 with an intention made to uprate with RPI from 2010 onwards (the 2010 increase was cancelled due to negative RPI with a new intention to uprate from 2011):
https://www.whatdotheyknow.com/request/353572/response/967020/attach/3/Annex%20A%20Repayment%20Threshold%20Redacted%20FOI.pdf
In 2010, the new Coalition Government were presented with the recommendations of an independent review of student finance, which amongst other things said:
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/422565/bis-10-1208-securing-sustainable-higher-education-browne-report.pdf
However the Government chose to play politics and to make "their" system look better in comparison to the existing Labour loans, and belatedly decided to uprate the £15,000 threshold from 2012, while applying the £21k level to new post-2012 loans (which has now been raised to £25k and indexed to earnings):
https://www.whatdotheyknow.com/request/353572/response/939043/attach/5/Gibney%2020936%20Annex%20B.pdf
The Government have decided to fix the terms of pre-2012 loans to sell them off while they continue to play around with the terms of post-2012 loans.
It seems amazing to me that in any other walk of life if you sign a financial agreement those terms cannot change until the end of the agreement yet the Government have been able to sell on loans, that have not been defaulted on, and the student is at the mercy of the new terms with no recourse!
Thank you for the explanation.0 -
I have a loan with erudio. I started uni in 1997 and graduated 2001. I have been deferring since then as I have been below the threshold.
From January this year I have got a 2 year secondment, paying me an honorarium (as worded on my pay slip). This takes me just under the threshold to repay. If I add child benefit to it, as I have declared in previous years, it takes me above the threshold.
I am in quite a bit of debt and could do with not paying my loan.
Do I not declare child benefit and just send 3 payslips. Or should I declare child benefit and state my income excluding the honorarium, even though it appears on my payslip?
Thank you.0 -
Both my parents are Scottish but I was living with my dad in South Africa till Dec 2016 when I came to live with my mum in Scotland and I am at high school here but have been turned down by SAAS for funding for University and don't meet the 3 year criteria for a Student loan in Scotland can u advise me on where to turn0
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If you want a loan from SAAS then I think you have no option other than to wait until the 2020-21 academic year to start university.0
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Hi,
Can you please help me? My daughter who now lives and works in Thailand has been having trouble corresponding with the Student Loans co. Her main issue is that she earns below the threshold for repayments but because her housing is paid for over there, they {SLC} are counting that as earnings and charging her accordingly. Is this correct? Also any correspondence is ignored or unanswered so we have had to resort to MSE for advice on this. Thanks A Williams0 -
In my opinion including the cost of housing is a reasonable thing to do, if it wasn't paid for by her employer she'd have to pay it herself and would therefore need to earn more to have the same net disposable income.0
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Hi,
With all due respect, thats just it, this isnt part of her earnings. This is an incentive to accept a lesser salary. She never sees this money, it is not taxable locally, nor does it appear on her wage slips {she happened to mention it when form filling for slc}. It goes straight from her employer to the landlord, who are part of the same business. She has been on the phone to them, slc, this afternoon for 45 mins without resolution. Slc agents keep reiterating "we cant advise, its up to you" when asked for advice. Can you, or anyone else with experience in this field, please advise on how to take this to a conclusion? Cheers W1lls0 -
I'm sorry, but how can you say it shouldn't be counted as part of her earnings when you admit it's an incentive to accept a lower salary? If she didn't get the housing, she'd be paid more.
In the UK, tied housing is at least partly subject to tax and NI. It's not entirely straightforward, and there are some exemptions, but I believe she'd be treated in the same way if she had free accommodation through her employment here.Signature removed for peace of mind0
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