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  • FIRST POST
    • thorsoak
    • By thorsoak 11th Jul 18, 9:19 PM
    • 5,712Posts
    • 26,251Thanks
    thorsoak
    Student loan for Pensioner - seriously?
    • #1
    • 11th Jul 18, 9:19 PM
    Student loan for Pensioner - seriously? 11th Jul 18 at 9:19 PM
    I've been talking to a friend on the phone, who tells me excitedly that she has been accepted for a BA course at her local university, and that she has got a student loan to cover the fees. What intrigues me (because I am envious and would like to do the same) is that she says that because her only income is from her pension (private and DWP) that her income will not trigger repayment. When I asked "wont the debt roll up and be payable from her estate when she dies" she said no, the debt will die with her!

    Is she right? Because if so, I think I might start looking at courses at my local uni - I'd love to do a BA in literature :-)
Page 1
    • ViolaLass
    • By ViolaLass 11th Jul 18, 9:22 PM
    • 5,431 Posts
    • 7,488 Thanks
    ViolaLass
    • #2
    • 11th Jul 18, 9:22 PM
    • #2
    • 11th Jul 18, 9:22 PM
    https://www.telegraph.co.uk/finance/personalfinance/9800374/Loophole-Ill-never-have-to-repay-my-student-loan.html
    • thorsoak
    • By thorsoak 11th Jul 18, 9:27 PM
    • 5,712 Posts
    • 26,251 Thanks
    thorsoak
    • #3
    • 11th Jul 18, 9:27 PM
    • #3
    • 11th Jul 18, 9:27 PM
    Wow! Thanks for that - I may have to look to see if I could get a place at my local university if they are running a course which might take me.
    • venison
    • By venison 11th Jul 18, 11:18 PM
    • 2,341 Posts
    • 2,565 Thanks
    venison
    • #4
    • 11th Jul 18, 11:18 PM
    • #4
    • 11th Jul 18, 11:18 PM
    The article is 5 years old?
    Former Board Guide
    • ViolaLass
    • By ViolaLass 12th Jul 18, 7:14 AM
    • 5,431 Posts
    • 7,488 Thanks
    ViolaLass
    • #5
    • 12th Jul 18, 7:14 AM
    • #5
    • 12th Jul 18, 7:14 AM
    Got any evidence that things have changed?
    • BakingC
    • By BakingC 12th Jul 18, 8:51 AM
    • 39 Posts
    • 16 Thanks
    BakingC
    • #6
    • 12th Jul 18, 8:51 AM
    • #6
    • 12th Jul 18, 8:51 AM
    https://blog.moneysavingexpert.com/2017/05/will-student-loan-written-off/

    Article from this very website.

    It is a great opportunity for those people who did not have the chance earlier in their lives to do some study they had always dreamed of.
    • BillyBills
    • By BillyBills 12th Jul 18, 9:05 AM
    • 25 Posts
    • 26 Thanks
    BillyBills
    • #7
    • 12th Jul 18, 9:05 AM
    Ridiculous
    • #7
    • 12th Jul 18, 9:05 AM
    That is frankly ridiculous. They should just abolish tuition altogether. There is no way my son and all his friends will ever pay it off anyway. Broken system!
    • MallyGirl
    • By MallyGirl 12th Jul 18, 11:28 AM
    • 2,950 Posts
    • 7,946 Thanks
    MallyGirl
    • #8
    • 12th Jul 18, 11:28 AM
    • #8
    • 12th Jul 18, 11:28 AM
    It is madness. By my calculations my DD will still owe 266k when the 30 year cutoff hits and her 9% deduction at that point won't even be covering the interest being added each month.
    • Red-Squirrel
    • By Red-Squirrel 12th Jul 18, 11:33 AM
    • 3,266 Posts
    • 8,775 Thanks
    Red-Squirrel
    • #9
    • 12th Jul 18, 11:33 AM
    • #9
    • 12th Jul 18, 11:33 AM
    You aren't eligible for a student loan if you already have an equal or higher level of qualification. If its your first degree level study though, good luck!
    • Tarambor
    • By Tarambor 12th Jul 18, 1:00 PM
    • 3,539 Posts
    • 2,610 Thanks
    Tarambor
    Student Loans are basically repayable no different to a graduate tax.
    • thorsoak
    • By thorsoak 12th Jul 18, 2:12 PM
    • 5,712 Posts
    • 26,251 Thanks
    thorsoak
    No, I don't have a degree - A levels (gained in 1961) yes, SW diploma yes, but no degree. I'm going to do some investigating ........ :-)
    • Cash-Cows
    • By Cash-Cows 13th Jul 18, 7:24 PM
    • 216 Posts
    • 161 Thanks
    Cash-Cows
    You aren't eligible for a student loan if you already have an equal or higher level of qualification. If its your first degree level study though, good luck!
    Originally posted by Red-Squirrel
    You can do a 2nd degree if a STEM subject I think.
    • Starrystarrynight1
    • By Starrystarrynight1 16th Jul 18, 12:36 PM
    • 225 Posts
    • 363 Thanks
    Starrystarrynight1
    Remember that pensioners can only apply for a tuition fee loan. They aren't eligible for maintenance loans.
    -------------------------------------------------------------------------------------------------
    I used to be Starrystarrynight on MSE, before a log in technical glitch!
    • Ed-1
    • By Ed-1 16th Jul 18, 1:42 PM
    • 2,343 Posts
    • 1,228 Thanks
    Ed-1
    Remember that pensioners can only apply for a tuition fee loan. They aren't eligible for maintenance loans.
    Originally posted by Starrystarrynight1
    They are now in England. Just at a reduced rate.
    • ash28
    • By ash28 18th Jul 18, 8:44 AM
    • 1,724 Posts
    • 4,387 Thanks
    ash28
    No, I don't have a degree - A levels (gained in 1961) yes, SW diploma yes, but no degree. I'm going to do some investigating ........ :-)
    Originally posted by thorsoak
    I'm in my early 60s and started a degree with the Open University in 2014 and have used tuition fee loans to pay for my modules. I didn't have the opportunity to study when I was younger and I'm loving it. The OU is part time study that people can fit around their work and families and it is cheaper than normal universities. The support is good, with face to face tutorials about once a month and online tutorials regularly, although you don't have to attend any if you don't want to. The materials supplied are excellent.
    I expect to graduate next summer with a degree in history.



    I'm already planning a STEM degree in environment science for next October.


    I've found that studying certainly keeps the old brain cells on their toes!!!
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