ok i have nearly done my 3 years at college, and i am now looking at uni. the course i am going for is four years i have been looking at prices and decided i need a loan. where do i go for a student loan and which is the best one? i've been told to get the highest ammount i can but i dont really know what to do please help. thanks
you can get intrest free student loans, well an overdraft upto £2000 with 0% intrest. akaik im sure someone knows here.
You need to apply to the student loans company. Any open day at a uni will give you all the info you need to get started
i need something were you dont pay the loan back until you finished uni at least common guys su5rely someone must know thanks webbyman
http://www.slc.co.uk/index.html ...and... http://www.studentsupportdirect.co.uk ..will have the answers to your questions
Everyone gets a loan from the student loans company, funded by the government. You can have up to something like £3500 outside of London and £4500 within london. There is a minimum loan and a limit, depending on your family income. Bit unfair if your parents will not help you out, as it is likely that the loan you get will not cover your entire fees. Loans also come in installments rather as a lump sum, so a lot of students struggle at the beginning of the year. It would defiantly be a lot cheaper to live at home as accomdodation is more than the tuition fees. The SLC operates so that you don't pay back the money until you start working and earn a certain amount. You don't pay interest, but do have to pay inflation. Which effectively means the costs of borrowing is nil.
Add to that the fact that most big banks do 0% interest overdrafts up to £1500. I'm with HSBC and I believe as soon as you graduate, the account turns into a graduate account with 3 years interest free overdraft, after which you pay interest. Other banks apparently do "projected income loans" which give you a big loan based on your (guess what?) projected income. Being a 3rd medical student I can get a loan from Natwest (Or so I'm told) of something like £3000.
There is only one "Student Loan" as said previously, and it is based on your households income for the previous year. Basically what your parents earnt last year, and it is reviewed every year. You may be entitled to a grant as well as a loan, the grant is for a maximum of £1000 which does not have to be paid back. You can still apply for the loan though, which of course has to be paid back. Other Banks will be pretty close to throwing money at you, most banks will offer you a minimum of £1000 free overdraft. This is for the duration of your course, afterwhich you usually have another year of 0% interest, then they'll usually charge you interest. Then you have credit cards, which can be tempting but would reccomend you not get one, or if you do use it in emergencies only. Nearly all agencies reccomend that you get the loan and use that first when you need money, then use your overdraft. You should seriously think about getting a job as well as 4grand is not really enough a year to cover food, clothes, beer etc. That is one of the most ridiculous statements I have ever heard. Not everyone can afford to move away, some people don't want to. University is about studying and learning, not moving away and destorying your liver. A lot people seemed to get sidetracked to why they are there. I have had to stay at home, and many of my friends have had to do the same. I am not entitled to any goverment help, and my parents do not earn enough to really support me if I moved away. Working while studying would no doubt effect my studies, and I would still not make enough to really cover myself. The prospect of starting my working life with close to 10grand debt (minimum, without including other credit) is not something I welcome. At the end of Uni I have another 50years of my life to move away and destroy my liver. I would reccomend staying at home to anyone, it is an perfectly viable alternative.
People can still have fun whilst staying at home! If you make friends at uni you can still pop over to wherever they are staying, and there are enterntainment areas all over the UK! I do agree with ciaran.mooney. There is a large group of people who are stuck between being poor and rich, basically they are not entitled to the full student loan, at the same time the family may not be rich enough to fund you for uni. A family earning £50,000 a year may have less disposable income than a family earning £30,000 due to living costs, and guess what, the student in the family earning £30,000 has a bigger loan. That is what I despise of the system. However if you do have the money, I would say, enjoy your life away from home!
Living away from home isn't just about intoxication. It's also about being completely independant (Shhh, no-one mention who's paying ), and about changing your life. University is like a transition from living with your parents to living in the outside world, your own place etc. Going to university is about getting away from living under someone else's wing.
not really... i've known many people who live at home and went to uni (but it was in London... so it made a lot more sense as people living within the M25 don't automatically get accomondation, they get shoved to the very back of the queue) and uni life is London is expensive! It posed no problems for them and I don't think it should pose a big problem for anybody else for that matter. I agree it's about independance... but it is also the first step towards a totally new direction in life... and if living at home will help you attain a better degree because you don't have to worry about money, getting a part-time time job etc then it's all good.
I'm not sure how credit works in the UK, but i'm sure its similar to the US. If your credits good, get a credit card with 0% on balance transfers for at least 6 months, pref. a year. And just keep ping ponging the BTs until you get out of school and have a good job to pay it off. Never have to pay any interest and you BT for the rest of your life if you dedicated. This could also be used on top of your student loan. The limit to how much you can get is a high as your available credit on the credit card(s). (NOTE, this is a highly risky thing for a young person to do. Assuming your credit is good, and you can get credit cards with 0% BT for a year, you can NEVER miss a payment or else the CC company might demand the whole balance paid/start charing you interest. This is something you
Untrue and a completely unfounded post. There are plenty of legitimate reasons why someone would want to stay at home whilst at Uni, not least: 1) financial reasons - halls & rent for 3 or 4 years costs a lot and is difficult or impossible for anyone to afford without help. Who can question anyones decision to save the best part of £10,000 or more? 2) what if you're only living 3 miles from your uni? halls/private accommodation in this case would be an expensive waste of money 3) Some universities including the university i study at put you at the absolute bottom of the applications pile if you live within 15 miles of halls - a lot of people get turned away or are offered accommodation much further away from the uni. campus(es). So please think before you post on a subject you know relatively little about - I guess being 16 has something to do with that, though And for the record I went to halls
