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Medical School Cost watch

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    Can somebody please give me an accurate figure for what i will come out of school with if i do go to Oxford. Assuming I pinch my pennies as much as possible , don't drink or do weed or buy any new stuff. Basically Accom+Food .
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    According to the Student Finance Calculator I'm eligible for a £6000 maintenance grant.
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    Does the NHS Bursary help with Living Costs?

    Also according to this I will get 1k a year bursary from Oxford

    http://www.ox.ac.uk/feesandfunding/u...t/oob/oob2012/
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    (Original post by BlondHair)
    Does the NHS Bursary help with Living Costs?

    Also according to this I will get 1k a year bursary from Oxford

    http://www.ox.ac.uk/feesandfunding/u...t/oob/oob2012/
    Yes, but only in the final two years.

    Anything titled "bursary" or "grant" is non-repayable, anything called "loan" is repayable usually with interest.
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    (Original post by BlondHair)
    Can somebody please give me an accurate figure for what i will come out of school with if i do go to Oxford. Assuming I pinch my pennies as much as possible , don't drink or do weed or buy any new stuff. Basically Accom+Food .
    No one can give you an accurate figure as it depends on what Accommodation is available in your college and their prices.
    Accommodation will be around £100 a week = £2400 per year
    Food depends as well on College prices and how much you want to cook or eat out, but £1500 per year should be reasonable.

    (By year I mean 3 8-week terms)
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    (Original post by Helenia)
    It's very good compared with other types of debt though. Look at interest rates and T&Cs for a mortgage, a commercial loan, a credit card or wonga.com (or similar) and a student loan is very favourable by comparison.

    Given that your alternatives are a)not going to med school or b)working till you can pay up front, it's a no-brainer, really.

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    True true.

    I am planning on paying back, at least a portion, of the tuition fees back to SLC every year. Do you think its a good idea to get a part-time job during term time? There appears to be mixed feelings about this on other threads.
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    (Original post by Lionheartat20)
    If you borrow £36,000 (£9000 a year for tuition fees) - you could end up re-paying over £75,000+
    I don't think that is a good deal at all. Maybe it is relative to other loans (albeit mortages are better!) - tuition fees only used to be £3,000 a year .... Not only are we paying three times the amount, the interest rates on what is a large amount of money is terrible anyway.

    That said, there is not much we can do about it if you want to go to med school, although we are still paying £75,000 + for a £36,000 loan, for what used to cost £12,000 only 2 or 3 years ago!
    This.
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    I found this online if anyones interested:

    http://www.thevictoriafoundation.org...ical-bursaries

    I think I read somewhere that they give you a 1K bursary, and £250 for books. Its worth making an application, but its rather vague what the eligibility criteria is.
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    (Original post by TheStudent.)
    True true.

    I am planning on paying back, at least a portion, of the tuition fees back to SLC every year. Do you think its a good idea to get a part-time job during term time? There appears to be mixed feelings about this on other threads.
    It depends on the job and on your university. It's feasible to do some part-time work alongside the first few years, though Oxbridge do not allow this. I worked in the summer holidays each year, but never made enough for it to be worth making a significant dent in my student loan - the money was more use to me at the time for living costs than for paying off my loan.

    Once you are at clinical school it is harder to do paid work because you will be doing longer hours, often on placement away from your university city, and will have much shorter holidays.
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    (Original post by TheStudent.)
    I am planning on paying back, at least a portion, of the tuition fees back to SLC every year. Do you think its a good idea to get a part-time job during term time? There appears to be mixed feelings about this on other threads.
    Its honestly, honestly not worth it. Even if you insist on spending your youth earning amounts of money that will frankly be insignificant later when you could be enjoying yourself... at least put it towards something more useful like having a smaller mortgage. Or having enough money to buy a car when you need one. Risk-free credit is not easy to come by - i strongly recommend making the most of it!
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    (Original post by nexttime)
    Its honestly, honestly not worth it. Even if you insist on spending your youth earning amounts of money that will frankly be insignificant later when you could be enjoying yourself... at least put it towards something more useful like having a smaller mortgage. Or having enough money to buy a car when you need one. Risk-free credit is not easy to come by - i strongly recommend making the most of it!
    You've given me a lot to think about :^_^: thanks for the advice
 
 
 
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