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Loans in university

sassie Avatar
banned6y, 2m agoPosted 6 years, 2 months ago
Are they enough to live on, apart from the social life of uni of course
sassie Avatar
banned6y, 2m agoPosted 6 years, 2 months ago
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#1
Yes
#2
i disagree, at a push maybe but mine just covered my hall cost in the 1st year and i was in poor halls
#3
Fund everything? Accommodation, fees, food, books, transport (if needed) ... probably not, no. Add a social life into that - no chance.

Having said that, it is very subjective and different for everyone.
#4
If your living at home and have generous parents then yep just about. If your living away from home or don't have generous parents then not a chance. a part time job will be a must.
#5
If you receive the basic loan amount and no grant, then no.

The basic maintenance loan will cover your rent but if you get no extra grant (which is means tested on your parents income) then you're on your own. Unless you can rely on your parents for money then a part time job is a necessity.
banned#6
sorry i didnt think they got grants anymore, just loans
#7
sassie
sorry i didnt think they got grants anymore, just loans


Mixed terminology I think. Some students get burseries (sp?) ... which is basically a grant. My mate got £400 per year which he didn't need to repay because his mum is a single parent. Another mate got money to buy a PC as they judged him to be dyslexic (he didn't believe he was, but took the PC :-/).

There are hand outs to be found ...
#8
Depends a bit which university you go to. Accommodation costs vary a hell of a lot and that's going to be your largest single outgoing. First year is usually on campus with things like power & internet included.

Most universities now don't have enough internal accommodation for all 3 years so you will probably end up sharing a house or flat in later years. A shared house in Surrey is probably going to cost a hell of a lot more than one in South Wales. If the place is cold and not double glazed (a lot of student accommodation is very basic in some areas) then you could end up spending quite a bit on heating.

The means testing is only for about 1/4 of the loan. The rest is available to any student, and the fees part isn't means tested at all. There are no grants, but most universities do have bursaries. Many of the bursaries go to students with parents having very low household income.

Books are becoming less of an issue than they used to be - a lot of material is becoming available online, and where books are greatly used there's usually a student in the year above trying to sell theirs on cheap to make a few quid back. You have to be quick though because those go quickly.
#9
TUSSFC
[quote=sassie]There are hand outs to be found ...


But not many if your parents total household income is over £40K.
#10
live in a tree for free
#11
not neccessarily, i got 60 quid a month last year, that was the maximum i could get
#12
micoo
not neccessarily, i got 60 quid a month last year, that was the maximum i could get


but do you live with your parents?

£60 a month sounds like an amount you'd get if you didn't have rent to pay, etc
#13
Depending on area and depending on what other uni funding like grants and bursarys then its a very comfortable lifestyle but that is in the case of a single person without dependants.

I.e in England if you are from a low income family you would geta combination of like up to £7145 in grants and loans which for me paying like £60 a week rent inclusive of bills meant I was very well off and could do part time work for any extras stuff needed.

TBH the only people who say maximum amounts are low are the ones generally who either live in expensive accomodation and/or cities or just want a luxurious lifestyle of things like drinking a lot and going on trips, buying expensive clothes.

However in my first year I was in halls and paid £120 a week for a nice brand new room(new building) and 2 meals a day plus breakfast but that wore down my finances fast because university halls(I know you are older and with kids so wouldnt affect you anyway) arent classified as normal landlords so pretty much the only way out of a contract if you dont like the room is to leave uni or do a criminal act!
#14
My parents gave me NOTHING but because they couldn't afford to I got the full loan and grant from the government. The loan was enough to pay for my accom, a tuition fee loan covered my fees and I lived off the grant £2500 p/year. Had loads of money because I worked in the holidays (so they paid for themselves) - probably after travel/books etc were paid for I had about £170 to spend a week. Most of it went on drink and other less legal substances I'm afraid (and food of course). I also got a £1000 scholarship which I used to go on holiday/buy new entertainment equipment etc.

To answer your question then, I think people get too much. I had enough money to go crazy with for 3 years from only the government/myself.
#15
oldmanhouse
micoo
not neccessarily, i got 60 quid a month last year, that was the maximum i could get


but do you live with your parents?

£60 a month sounds like an amount you'd get if you didn't have rent to pay, etc


yep, if i didnt it would have been 90 a month, the loans are based on your parents income, my mums a doctor and my dads a teacher so i can only get the minimum amount
#16
CReilly
My parents gave me NOTHING but because they couldn't afford to I got the full loan and grant from the government. The loan was enough to pay for my accom, a tuition fee loan covered my fees and I lived off the grant £2500 p/year. Had loads of money because I worked in the holidays (so they paid for themselves) - probably after travel/books etc were paid for I had about £170 to spend a week. Most of it went on drink and other less legal substances I'm afraid (and food of course). I also got a £1000 scholarship which I used to go on holiday/buy new entertainment equipment etc.

To answer your question then, I think people get too much. I had enough money to go crazy with for 3 years from only the government/myself.


Hmmm I disagree, I was living in cheap accomodation that was quite dingy and if I wanted luxury I would have to pay aboud £90 a week, and if I had to buy every book my course wanted I couldnt afford to, if I had to buy stuff like trips away I couldnt etc.

So for everyday life its a good lifestyle but not for much else i.e with a partner or kids or living in own flat or house.
banned#17
thanks for all you response, very mixed, this is about my daughter considering uni, not me, I know its a long time off but she has been asking lots of questions and seems very interested. She already works when not at 6th form but not sure that job would be available as a part time job in holidays etc,etc and not sure ani uni would be close enough for her to commute so just curious to what help is available to see her through
#18
sassie
thanks for all you response, very mixed, this is about my daughter considering uni, not me, I know its a long time off but she has been asking lots of questions and seems very interested. She already works when not at 6th form but not sure that job would be available as a part time job in holidays etc,etc and not sure ani uni would be close enough for her to commute so just curious to what help is available to see her through

Bank staff at care homes and some times hospitals would be a ideal part time job as they always take on bank staff to cover holidays and sickness etc. - or a agency like caring hands - as long as she can cope with that type of work - not for everyone!
#19
sassie
thanks for all you response, very mixed, this is about my daughter considering uni, not me, I know its a long time off but she has been asking lots of questions and seems very interested. She already works when not at 6th form but not sure that job would be available as a part time job in holidays etc,etc and not sure ani uni would be close enough for her to commute so just curious to what help is available to see her through


I just assumed that you were thinking of getting back into education or work, didnt realise your kids were around uni age lol.

I think you have said in the past you are on benefits, if that is the case she should get a big loan and grant if not the full amount.

So it comes down to what university she wants to go to(or college that does degrees) If you are worried about money if a non Scottish student comes to study in Scotland(as in from England or Wales etc) then they pay about half what a student would pay in fees in England so after she graduates its less worry, then again I think the overall loan and grants become lower though and theres very few universities in Scotland and she will be further away.

The good things about being local is that she can pop in for tea sometimes or if she is homesick or to get washing done and if its a local college or uni and not a big name may be easier to get into so less worry but if she wants to apply for a bigger named one, not necessarily a massive name like Durham or Oxford but say Northumbria, Glasgow etc it may be a better student life and may make her feel more independant.
#20
ryouga
sassie
thanks for all you response, very mixed, this is about my daughter considering uni, not me, I know its a long time off but she has been asking lots of questions and seems very interested. She already works when not at 6th form but not sure that job would be available as a part time job in holidays etc,etc and not sure ani uni would be close enough for her to commute so just curious to what help is available to see her through


I just assumed that you were thinking of getting back into education or work, didnt realise your kids were around uni age lol.

I think you have said in the past you are on benefits, if that is the case she should get a big loan and grant if not the full amount.

So it comes down to what university she wants to go to(or college that does degrees) If you are worried about money if a non Scottish student comes to study in Scotland(as in from England or Wales etc) then they pay about half what a student would pay in fees in England so after she graduates its less worry, then again I think the overall loan and grants become lower though and theres very few universities in Scotland and she will be further away.

The good things about being local is that she can pop in for tea sometimes or if she is homesick or to get washing done and if its a local college or uni and not a big name may be easier to get into so less worry but if she wants to apply for a bigger named one, not necessarily a massive name like Durham or Oxford but say Northumbria, Glasgow etc it may be a better student life and may make her feel more independant.


like you said there are benefits to the scottish unis, thought i would add, that Dundee, Strathclyde, Glasgow, Edinburgh and St. Andrews are all top 25 universities in the UK

St. Andrews - 4th
Edinburgh - 15th
Dundee - 22nd
Glasgow - 23rd
Strathclyde - 25th

and theres another 4 Scottish unis in the top 33 lol, so they are not as bad as one may think (especially dundee, anyone know how it got passed glasgow lol?)
#21
micoo

and theres another 4 Scottish unis in the top 33 lol, so they are not as bad as one may think (especially dundee, anyone know how it got passed glasgow lol?)


Never realised Strath was that high ranking! I am at Caley for the part time modules at the minute but did ask at Strath but they never bothered returning my emails and admissions seemed not bothered and wanted to pass me off.

Shame as Strath has some amazing societies!
#22
ryouga
micoo

and theres another 4 Scottish unis in the top 33 lol, so they are not as bad as one may think (especially dundee, anyone know how it got passed glasgow lol?)


Never realised Strath was that high ranking! I am at Caley for the part time modules at the minute but did ask at Strath but they never bothered returning my emails and admissions seemed not bothered and wanted to pass me off.

Shame as Strath has some amazing societies!


strathclyde has a **** hot business school (7th in the UK) i would imagine that that slings it up the rankings a bit lol
#23
micoo
ryouga
micoo

and theres another 4 Scottish unis in the top 33 lol, so they are not as bad as one may think (especially dundee, anyone know how it got passed glasgow lol?)


Never realised Strath was that high ranking! I am at Caley for the part time modules at the minute but did ask at Strath but they never bothered returning my emails and admissions seemed not bothered and wanted to pass me off.

Shame as Strath has some amazing societies!


strathclyde has a **** hot business school (7th in the UK) i would imagine that that slings it up the rankings a bit lol


Thats probably why I saw so many pseudo rah's at freshers fair there.

I was still thinking of just doing a single evening class there so I can sign up to the societies
banned#24
OMG scotland is the other side of the world, well would feel that way
#25
sassie
OMG scotland is the other side of the world, well would feel that way


Well if she goes to a city like Edinburgh or Glasgow its easily and fast accessible by train and relatively cheap if you want to visit, Glasgow to somewhere like Birmingham is about 3 hours.
#26
ryouga
CReilly
My parents gave me NOTHING but because they couldn't afford to I got the full loan and grant from the government. The loan was enough to pay for my accom, a tuition fee loan covered my fees and I lived off the grant £2500 p/year. Had loads of money because I worked in the holidays (so they paid for themselves) - probably after travel/books etc were paid for I had about £170 to spend a week. Most of it went on drink and other less legal substances I'm afraid (and food of course). I also got a £1000 scholarship which I used to go on holiday/buy new entertainment equipment etc.To answer your question then, I think people get too much. I had enough money to go crazy with for 3 years from only the government/myself.
Hmmm I disagree, I was living in cheap accomodation that was quite dingy and if I wanted luxury I would have to pay aboud £90 a week, and if I had to buy every book my course wanted I couldnt afford to, if I had to buy stuff like trips away I couldnt etc.So for everyday life its a good lifestyle but not for much else i.e with a partner or kids or living in own flat or house.


Well, I could only give my own experiences. I had to spend about £200 on books each year and my accom was a similar price to yours. Scholarship/working in the holidays paid for each years/terms one off costs like that, and my loan stretched just far enough to cover my accomodation.
#27
a part time job is a must.
#28
Uni is the best time for excessive spending. Especially when it's not your money.

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