[seanfromtheblock]

(Original post by foodnom)
this is what i'm concerned about! how much do your parents earn?

In Scotland the minimum maintanence loan is £940 pa, which you get if your household income is £61,000 a year or above. The maximum is £5,570 and I'm not sure how low household income has to be to get that.

It's different in England though, not sure how.

[confused dot com]

Luckily my dad's doing a PhD so whereas before I'd have to survive on the minimum loan and cash from my parents, I now get a higher loan so can live more comfortably at uni (Will probably put a bit aside for when he finishes his PhD so that I don't have to start living on beans when I go down to the minimum loan )

[Kenan and Kel]

Forever a-loan

[Besakt]

(Original post by bronn)
I know, but in the long term when paying back living cost loans and tuition fees it will make a difference?

The amount you pay back doesn't depend upon how much you've borrowed but how much you earn.

[Classical Liberal]

Get loans.
Bursaries.
Go into cheap overdrafts

Easy game.

[Besakt]

(Original post by Jammyj12)
My parents are paying for my tuitions fees but I am also getting my student loan to pay for my Accomodation and living costs.

Stupid move, chances are you probably won't pay back the whole loan.

[Accalia]

Maintenance loan and grant. Also applied for all the bursaries/scholarships I'm eligible for so hopefully one of the applications will be successful. I'm also going to look for a part-time job, and have some savings which I can dip into if necessary.

My parents can't really afford to help me, and without wanting to sound ungrateful, I don't want them to spend money on me.

[Jammyj12]

(Original post by Besakt)
Stupid move, chances are you probably won't pay back the whole loan.

My parents are going to help me pay of the loan when I finish it's just that they are having a very expensive year coming up so they woudnt be able to provide me with the money to live on and I'm going traveling in the summer so I wont be able to get a job in the summer and I'm not intitled to any bursaries ect

[UnknownPerson]

Planning to live of Canned foods

[BeccaAnne94]

NHS pay for my tuition fees because I've applied for nursing and I can get a £1000 grant but my Dad earns too much for me to get a student loan so I'm relying on my parents to pay for accommodation. I'm hoping to get a part-time job at uni and try to juggle that with my course so I'll be contributing as much as I can.

I feel guilty about having to rely on my parents so much, especially because my Mum can no longer work and I have 2 younger siblings to think about too .

[Origami Bullets]

(Original post by Sophiemaybabe)
yeah its alright if you have low income, even tholugh i presume its about the same proportion?
sadly, my parents have good income so its WORSE for me

ill hopefully get a job

xx

Repayments are always made on the same basis, no matter how much you take out in loans, and how much your parents earn. For people starting in 2012 onwards, you'll pay back 9% of any income over £21,000. So, if you earned £25,000 then you'll be paying back 9% of £4000 = £360 per year = £30 per month.

If your parents have an income that means that your student finance support is reduced below a level that you can reasonably support yourself on, then they should be financially supporting you. I don't buy this "my parents can't afford to" lark - after all, with you moving out, they will be spending less on food and hot water (and anything else that they fund for you, such as your bus fares to college), so they can at least give you that much. Plus, I've seen this argument used by people who (judging by their profession, which has well-publicised and universally high salaries) must earn six figures between them, and have no apparent additional expenses, so the idea that they can't afford to support their offspring at uni at all is laughable.

[Sophiemaybabe]

(Original post by Origami Bullets)
Plus, I've seen this argument used by people who (judging by their profession, which has well-publicised and universally high salaries) must earn six figures between them, and have no apparent additional expenses, so the idea that they can't afford to support their offspring at uni at all is laughable.

yeah my parents could easily support me, but thats not what uni is about. i dont want to accept much help from them and they dont really want to pay for me. im expected ot get a job and budget just as much as someone whos parents are unemployed. yes, if i got stuck id like to think that they would bail me out, but they dont plan on much financial support
but thats just me
xx

[Origami Bullets]

(Original post by Sophiemaybabe)
yeah my parents could easily support me, but thats not what uni is about. i dont want to accept much help from them and they dont really want to pay for me. im expected ot get a job and budget just as much as someone whos parents are unemployed. yes, if i got stuck id like to think that they would bail me out, but they dont plan on much financial support
but thats just me
xx

University is about getting a good education, not slogging your guts out in McDonalds to pay your rent, to the detriment of your studies (as I have seen happen to some people). Of course you should budget just as much as anyone else, and get a job in the holidays, but IMHO parents on high incomes should make up the amount of financial support to the level that their offspring would get if the parents were on a low income / unemployed - after all, that is the level that the government has calculated is needed for a passable standard of living as a student, and it's not a vast amount anyway. If you're really that uncomfortable with it, then pay your parents back when you're earning.

[Crawfords]

Loans for all the tuition and i think something like 60 percent loan for the cost of accomodation, and fortunate enough that my parents will pay the other 40 percent and around 100 quid a week to live on - but im gonna get a part time job as soon as possible when i get there! (hopefully)

[leahnic]

I'm getting loan for tuition
I get the full maintenance grant and loan so using that to pay for accommodation
And I'm transferring in work so I can stay on the same wage so should be alright

[Megaross]

(Original post by seanfromtheblock)
If your parents don't have money you'll get a bigger loan.

Not true, income is not a true depictor of expendable income. I know people who get full loans who have been bought cars and all sorts in the past.
You can earn minimum wage and live in a council house but have more money than someone who earns 40k a year and lives in a mortgaged house and drives an hour each way to work.

I get a loan which isn't enough to live on and some weeks my parents don't have a pot to piss in for want of a better phrase.

Not a 2012 student but I work part time and the loan pays my rent and tuition.

[Herr]

My university studies :-

First degree I had a small academic an academic scholarship and 2 athletic scholarships which brought my tuition fees down to US$500 per term. My parents paid that out. Living expenses and insurance they paid out rent and insurance plus an allowance of US$300 per month and I made up the rest by working 18 hours per week on campus as well as doing several internships. Well they didn't quite know about me working though or they would have thrown a fit as they wanted me to concentrate on my studies.

Second degree, though a UK citizen by birth I had to pay international student fees as on all 3 occasions when I started my degree I hadn't lived in UK or an EU country continuously for 3 years. On the program that I finally completed, I was given a scholarship and a small bursary towards the accommodation cost. The balance of tuition fees I paid off from savings and some investments. Living expenses I had a job.....24-32 hours per week plus also had some businesses going on.

MBA.... this one is a bit complicated as it is an executive MBA program and 30% of it was paid for by the previous company I worked for on understanding that upon completion they would reimburse me for the remainder of the fees in exchange for a 4 year bond..... but they gave out a redundancy and now I have to pay it off on my own. However the uni is giving me a 20% off tuition fees, the remainder of it my granddad took out his savings and paid it off for me. Living expenses, well this program assumes you are working fulltime anyway so life goes on

[twinlensreflex]

My halls for the first year alone is twice the maintenance loan (it's £6,000ish for 43 weeks for a studio room in Edinburgh), so my parents are paying that up front so my maintenance will cover my food instead of rent. I'm hoping to find some work over the summer so my DLA isn't the only income that's coming in. No doubt i'll have to beg money off my parents at some point though.

I'm never actually going to pay any of it back though, I mean it worked out at about £57k or something stupid for my course, and I'm never gonna earn enough to pay it back xD

[chlooeh]

My parents are paying for my accommodation (£143 per week) and living costs.
But I'm getting a loan for my tuition fees and a grant of £2,741 for trips/books/equipment/emergencies etc.
Not sure whether to get the full maintenance loan of around £4000 for other living costs..

[*Bern1994*]

Not eligible for any burseries/ grants etc

£9k tuition fee loan to pay tuition fees
£3575 minimum maintainance loan for food and all other living costs
Parents paying accommodation costs - hall fees in first year and rent in subsequent years
Part time job in the holidays to have a reserve fund to pay for big items like text books or a treat (eg festival ticket)