Hi there, I'm looking at starting an Open University course, but I have some questions about finance.
I dropped out of University in 2010, and received a student loan to pay the fees.
I then enrolled on a Foundation Degree (biggest mistake ever), and received a student loan for that too (£3,000). So in total I owe £6,000 of tuition fees and I haven't got anything to show for it.
I'm still enrolled on my Foundation Degree, but it's not really for me. I'm really interested in doing an Open University course, but I'm not sure how Student Finance would feel about it.
Since the fees have went up to 9k/year, I definitely wouldn't be able to afford them without some form of loan. Are there any options available to me? Have I ruined my chances of getting a degree that I'm actually interested in?
I think students who have been enrolled on a Higher Education course since before the fees went up, will continue to pay only those fees.
So, and I could be wrong, if I was to start a new course in September/October/whenever, I'd only have to pay the £3k/year (which could be covered by my maintenance loan)?
Are there any experts on this forum? Because I seriously need some help with this! I was told before I started the Foundation Degree that if I were enrolled on a course I'd only have to pay 3k a year after the fees went up (hence the main reason I enrolled on a Foundation Degree, silly I know), but would this include Open University course fees?
And do Open University students (who receive Student Finance support) even get a maintenance loan?
So many questions, I'm so stressed out and feel like I'm hopelessly clutching at the straws of my education and life as they're sucked into a huge vacuum of unemployment and depression.
If you start a new course, you will have to pay the new fees
If you continue with an old course, you will still be on the old fee structure
You will only get fees funding for a maximum total of four years and only for a first degree.
For example you can change course after the first year and restart on a new three year course, but you can't finish a three year degree and then use the year you have left to start another course (self funding the other two years)
So what you're saying is, if I start a new course at the Open University, I'd have to pay the full fees by myself. However, this would just be the first year, and the 2nd and 3rd years could be paid by Student Finance?
Would I still be eligible for a maintenance loan for my first year of an Open University course? I'm thinking I could use this to pay the tuition fees.
The thing that annoys me most is that even though I've dropped out twice, I've only received £6,000 in tuition fees. If someone was to start a course and drop out now, they'd have wasted £9,000 in tuition fees. Yet they'd be able to re-apply and start a new course.
I know I'm silly for dropping out, but I had my reasons and now I'm ****ed because of the stupid rule