[haithere]

I used this earlier to find out how much of a loan I'm entitled to. The results were somewhere around £3500 for maintenance, and the same for tuition.

Can that be right?? That's the figure for the whole year? That won't even cover my accomodation..

[Lindsey123]

If your household income is over £60K, this is all you're entitled to. The government assumes that your relatively high household income means that your parents can afford to help you out. The tuition fee loan is as much as your tuition fees are and is paid straight to the University.

[haithere]

(Original post by Lindsey123)
If your household income is over £60K, this is all you're entitled to. The government assumes that your relatively high household income means that your parents can afford to help you out. The tuition fee loan is as much as your tuition fees are and is paid straight to the University.

Jeez, that's pretty harsh. Looks like I'm in a spot of bother.

[Lindsey123]

Have a look at some of the threads on here. Lots of people are in the same situation. Parents and a part-time job are the main ways to get by. Here's a current one: http://www.thestudentroom.co.uk/show...1#post24553111

[haithere]

(Original post by Lindsey123)
Have a look at some of the threads on here. Lots of people are in the same situation. Parents and a part-time job are the main ways to get by.

The system is ridiculous- assuming parents are going to support you because they're higher earners.

I didn't really want to get a part time job, as I wanted to be able to come home regularly. Oh well.

[angelmxxx]

(Original post by haithere)
The system is ridiculous- assuming parents are going to support you because they're higher earners.

I didn't really want to get a part time job, as I wanted to be able to come home regularly. Oh well.

How about working this summer (I know jobs are hard to come by, but even working in a pub 4 nights a week and one day a week in a shop or something could, on £5 an hour for 10 weeks = about £1400).

Then could you ask your parents to lend you the rest of the money you need, or you can get an account with an interest-free overdraft (Natwest offer £1250 interest free, built up over the uni year) which you could pay back by getting another summer job next summer?

[haithere]

(Original post by angelmxxx)
How about working this summer (I know jobs are hard to come by, but even working in a pub 4 nights a week and one day a week in a shop or something could, on £5 an hour for 10 weeks = about £1400).

Then could you ask your parents to lend you the rest of the money you need, or you can get an account with an interest-free overdraft (Natwest offer £1250 interest free, built up over the uni year) which you could pay back by getting another summer job next summer?

Yeah, I am planning on working this summer anyways, although I didn't think it'd be to fund the extra accomodation costs etc! I do have some savings so I could manage, but it's certainly not what I planned on spending them on

I'm just surprised to be honest, I'm going to need another £1000 or so just for accomodation, let alone living

[TheCount.]

(Original post by haithere)
The system is ridiculous- assuming parents are going to support you because they're higher earners.

I didn't really want to get a part time job, as I wanted to be able to come home regularly. Oh well.

It really is ridiculous. A system that penalises those in the middle. The poor are showered with support while we have to live off 8p Tesco value noodles.

[Lindsey123]

(Original post by haithere)
Yeah, I am planning on working this summer anyways, although I didn't think it'd be to fund the extra accomodation costs etc! I do have some savings so I could manage, but it's certainly not what I planned on spending them on

I'm just surprised to be honest, I'm going to need another £1000 or so just for accomodation, let alone living

Can your parents not help you out at all? Most people I know who aren't entitled to a grant have their rent paid for by their parents.

Or could you go for cheaper accommodation?

[haithere]

(Original post by TheCount.)
It really is ridiculous. A system that penalises those in the middle. The poor are showered with support while we have to live off 8p Tesco value noodles.

It annoys me, cause my cousin gets every single grant and bursary available, and she lives off M&S and waitrose food at uni etc, yet other people can't even get a loan to cover their accomodation.

[haithere]

(Original post by Lindsey123)
Can your parents not help you out at all? Most people I know who aren't entitled to a grant have their rent paid for by their parents.

Or could you go for cheaper accommodation?

They certainly won't see me go without, so they'll probably step in, but my dad has the attitude that he was never given anything so he wants us to fend for ourselves too.

I'm just guessing £100 per week for accomodation as that seems to be the round about figure. I have complex dietary needs so need self-catered, and I also really need an en-suite for health reasons so I'm quite limited with the price.

I'll get by, even if it means using my savings, but I'm shocked at the system really.

[LouisVuitton43]

be thankful.
in scotland those whos parents earn 60,000 can get a loan of £915
(i know we dont pay tuition, but if we did, we could actually live... doesnt add up?)


yes, 915 pounds for all living expenses. considering accom is ~4k and living is ~4k. makes you think, how the hell did they work that out


******* stupid, they dont take into consideration debt or anything.
i have to stay at home by the looks of it



/ rant

[angelmxxx]

(Original post by haithere)
Yeah, I am planning on working this summer anyways, although I didn't think it'd be to fund the extra accomodation costs etc! I do have some savings so I could manage, but it's certainly not what I planned on spending them on

I'm just surprised to be honest, I'm going to need another £1000 or so just for accomodation, let alone living

You shouldn't have to pay accommodation all in one go, usually it's 3 termly instalments.

Where are you going to uni? If your accommodation is £4500, you should (only!) have to pay £1500 in your first term - and the payment deadline shouldn't be until a few weeks into term, when you'll have your loan etc. Sort your bank account out as soon as you get your confirmation of a place at uni (so a few days after results day), and then request your overdraft immediately too. Natwest, and probably most other banks, will give you a £500 overdraft immediately, then £500 more in the next term, and then increase it by £250 in the last term.

So you could use the £1166 first loan payment + £500 of overdraft payment to pay for your accommodation, and then use your savings/money from working this summer for living?

It's crap, but at least you'll be able to survive. Also - are your parents not helping you at all? I completely understand that they've probably got to put all their money towards their mortgage/other children/etc, but on the studentfinance website it does specifically say that the Government expects them to give you money for uni if they (combined) earn over £60,005. So maybe show them that - even if they can't give you money, they might be able to lend you some, or you could ask other relatives for loans/donations etc?

Failing all that, your uni will have emergency and hardship funds to help you if you physically don't have enough money - no matter what your household income is. (As long as your budget's reasonable and you're not spending £100s on drink each week!)

[haithere]

(Original post by angelmxxx)
You shouldn't have to pay accommodation all in one go, usually it's 3 termly instalments.

Where are you going to uni? If your accommodation is £4500, you should (only!) have to pay £1500 in your first term - and the payment deadline shouldn't be until a few weeks into term, when you'll have your loan etc. Sort your bank account out as soon as you get your confirmation of a place at uni (so a few days after results day), and then request your overdraft immediately too. Natwest, and probably most other banks, will give you a £500 overdraft immediately, then £500 more in the next term, and then increase it by £250 in the last term.

So you could use the £1166 first loan payment + £500 of overdraft payment to pay for your accommodation, and then use your savings/money from working this summer for living?

It's crap, but at least you'll be able to survive. Also - are your parents not helping you at all? I completely understand that they've probably got to put all their money towards their mortgage/other children/etc, but on the studentfinance website it does specifically say that the Government expects them to give you money for uni if they (combined) earn over £60,005. So maybe show them that - even if they can't give you money, they might be able to lend you some, or you could ask other relatives for loans/donations etc?

Failing all that, your uni will have emergency and hardship funds to help you if you physically don't have enough money - no matter what your household income is. (As long as your budget's reasonable and you're not spending £100s on drink each week!)

Thanks for the advice.

I'm going to Sheffield (hopefully!) but I haven't decided exactly where I want to live yet, so I'm not sure on an exact figure for accomodation.

My parents will help me out if needs be, yeah, they wouldn't see me struggle for money. It's more a case of them wanting me to learn about the real world (bla bla bla) than that they can't afford it. So yeah, if needs be, they WILL help me out.. I'm not in a major rut just yet. I just can't believe the system really and how little people are offered due to a higher income.

[angelmxxx]

(Original post by haithere)
Thanks for the advice.

I'm going to Sheffield (hopefully!) but I haven't decided exactly where I want to live yet, so I'm not sure on an exact figure for accomodation.

My parents will help me out if needs be, yeah, they wouldn't see me struggle for money. It's more a case of them wanting me to learn about the real world (bla bla bla) than that they can't afford it. So yeah, if needs be, they WILL help me out.. I'm not in a major rut just yet. I just can't believe the system really and how little people are offered due to a higher income.

They seem ready to help...

http://www.shef.ac.uk/ssid/money/healthcheck.html

http://www.shef.ac.uk/ssid/finance/shortterm.html

http://www.shef.ac.uk/ssid/finance/application.html

[haithere]

(Original post by angelmxxx)
They seem ready to help...

http://www.shef.ac.uk/ssid/money/healthcheck.html

http://www.shef.ac.uk/ssid/finance/shortterm.html

http://www.shef.ac.uk/ssid/finance/application.html

I'll have a read, thanks

[hypocriticaljap]

here we go again.
Yawn....

[Champagne Socialist]

My mum's partner moved in this year, bumping my household income up from around £25,000 to about £65,000. This year I'll be getting about £3,500 in a loan, whereas last year I got £3200 in loan and £2300 in a grant.

Those of you who feel that the poor households 'have it easy' or are given a huge amount more, think about it: a difference in household income of £40,000 actually translates to a difference of only £2000 for me.

The past few years have been incredibly difficult for me at university because my rent alone was about £4000 a year - leaving me £1500 to live on for the whole year. Of course, I had to have a job because my mum simply couldn't afford to give me all the extra money I would need. This year, yes, the amount the government gives me will be less but so it should be!

Please, please don't complain because your parents bring in over £60,000 a year. Most people in this country are in a much worse financial position than you, so think yourselves lucky.

[campy]

(Original post by haithere)
The system is ridiculous- assuming parents are going to support you because they're higher earners.

I didn't really want to get a part time job, as I wanted to be able to come home regularly. Oh well.

You could ask your rents to loan you money? That's what my boyfriend does. He'll just pay them back after uni. Means your parents aren't just giving you a free-ride but you'll be able to afford food

[hypocriticaljap]

(Original post by Champagne Socialist)
My mum's partner moved in this year, bumping my household income up from around £25,000 to about £65,000. This year I'll be getting about £3,500 in a loan, whereas last year I got £3200 in loan and £2300 in a grant.

Those of you who feel that the poor households 'have it easy' or are given a huge amount more, think about it: a difference in household income of £40,000 actually translates to a difference of only £2000 for me.

The past few years have been incredibly difficult for me at university because my rent alone was about £4000 a year - leaving me £1500 to live on for the whole year. Of course, I had to have a job because my mum simply couldn't afford to give me all the extra money I would need. This year, yes, the amount the government gives me will be less but so it should be!

Please, please don't complain because your parents bring in over £60,000 a year. Most people in this country are in a much worse financial position than you, so think yourselves lucky.

This is so good it should be made a sticky!