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    I want to go to uni this year and to pay for it i want to apply for student loans. (parents wont pay and i have no money).i will not be living in halls or at home but in private accomidation (shared flat/house).

    As i will need money for living costs and tution throughout my three year degree i will be applying for the maintenance loan and tution loan.Totalling:

    tution loans: 9000 aprox for three years.
    Maintance Loan: 9000 aprox for three years.

    Total: aprox 20,000

    so basically i will be 20,000 in debt when i finish uni is this unusuall? do students normally get jobs so that a bit of there debt is paid off when they finish uni? it just seems a bit much.Is it also unusuall that im going to uni with no money and al my money to pay for things are coming off loans and not my parents?

    Secondlly as i wont be living at home and will be a fulltime student am i entitled to benifits?

    Lastly currently i live with my parents but intend to move out before starting uni but not before applying for student finance loans and grants.my parents earn more than 50,000 so currently i am not applicable for a student maintenance grant but there not going to give me any of it to suport me. does houshold income include income from loans? when i move out after i apply for the grant my household income will be very low and i will qualify for the full grant. So can i lie and apply for the full grant whilst im living at home with parents and then move out to private accomidation where my income will only come of loans whilst im at uni i may get a job when i get the grant cos i have no money to move out the money will come from the loan and grant.
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    When you are at uni they assess it on your parents income as you are deemed to live with them permanently. In order to not be so assessed, you would require to prove that you live independently (and have done for 3 years), OR you are estranged from them, OR you are married.
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    On the student finance website there is an option to not take your parents income into account
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    (Original post by Tiina)
    On the student finance website there is an option to not take your parents income into account
    Which would give a student the same amount of funding as if their parents where earning around £75,000 or more

    i.e. 72% of the maximum maintenance loan and no grants.
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    so basically i will be 20,000 in debt when i finish uni is this unusuall? do students normally get jobs so that a bit of there debt is paid off when they finish uni? it just seems a bit much.Is it also unusuall that im going to uni with no money and al my money to pay for things are coming off loans and not my parents?
    No this will make you the most normal student in the world! Very few students go to university with money (except that from maybe a job over summer... i saved up about £500 over summer which i pretty much spent in the first month...freshers isnt so cheap!)! My parents help me out with accommodation costs but the majority of people i know dont get much help and pay for their accommodation and living costs purely from their loan! That amount of debt is totally normal and a lot of students end up coming out with much more (if you go onto to do a masters or end up using your overdraft (interest free while your a student so most do!) ).... its annoying being in so much debt, but it doesnt count as normal debt, it doesnt show up on credit reports or anything so it doesnt stop you getting a mortgage for example. When you finish university, you dont pay it back until you have a job where you are earning £15,000 or more and even then you only pay a bit back a month, its not crippling. In terms of a job, i have a term time job but its not to pay off my loan, its to live off! Many students do have jobs but they advise you dont work for over 16 hours a week as it will affect your studies. Theres also a lot of people i know who dont have jobs, it will depend how you feel once you start studying and if you feel you have the time (or, if like most students, your just too lazy to work and would prefer to hang out with friends in your free time!)! You can be really sensible with money at uni, work to live off and dont spend too much of your loan, but you'l probs find you want to spend the money when you get there, theres a lot of social activities to pay for lol mainly going out if thats your thing!

    Secondlly as i wont be living at home and will be a fulltime student am i entitled to benifits?
    No you do not qualify for benefits! You are getting a £3000+ loan and your tuition fees paid for! If you struggle financially, there are hardship funds and bursarys provided by universities which you can apply for, but def not benefits! Trust me, you will manage just fine, everyone else does! Its not always easy for money, but I earn £50 a week from my job, and this pays for my weekly shop so i can eat. Anything else is then paid for by my loan, such as bills or socialising! If you have to pay for your accomodation, you will probs end up being in your overdraft, but its free, so not the end of the world, and again you could apply for some help from your university!

    Lastly currently i live with my parents but intend to move out before starting uni but not before applying for student finance loans and grants.my parents earn more than 50,000 so currently i am not applicable for a student maintenance grant but there not going to give me any of it to suport me. does houshold income include income from loans? when i move out after i apply for the grant my household income will be very low and i will qualify for the full grant. So can i lie and apply for the full grant whilst im living at home with parents and then move out to private accomidation where my income will only come of loans whilst im at uni i may get a job when i get the grant cos i have no money to move out the money will come from the loan and grant
    No, student finance does not work like that. If you have lived at home for 3 years +, you are classed as a dependant student and your household income is based on your parents income... (my boyfriends family earn over £100,000 a year and so he doesnt qualify for any grants, but his parents dont just give him the equivalent of a grant... annoying but thats student finance!) If you have supported yourself financially for 3 years + only then do you qualify as a independent student and could count your household income as low, but i suspect thats not you! Ive lived away from home for coming up to three years now and I still count as a dependent student because ive not supported myself financially for three years, student loans do not count as supporting yourself financially, they mean full or part time jobs!

    Without meaning cause offence, you dont seem very clued up on the student finance stuff, and its probs worth getting so, as you'l just end up getting in trouble if you falsely claim for it (for example if you do as you said and claim on your own household income, which would be fraudulent)! Check out this website:

    http://www.direct.gov.uk/en/Educatio...ance/index.htm

    Should give you all the info you need! Failing that, if you are at college, speak to your education adviser or give student finance a ring and they'l talk you through the form!

    hope thats helps, you are in the same position as 98% of undergrad students. If you want to go to university, it is unfortunately the only way you can! All you can do is be as sensible with money as you can while you are there, i try to be, its not easy tho, but some people do really well at it, and so if you really want to save as much money as possible, you'l probs have the motivation to do so!
 
 
 
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