P1 maths - discriminant/top-up fees

Anybody already in higher education when the fees are introduced do not have to pay top up fees. They will pay at the same rate (not taking into account inflation) as those at university do now.

Anybody already in higher education when the fees are introduced do not have to pay top up fees. They will pay at the same rate (not taking into account inflation) as those at university do now.

From 2006 on, will it still be possible to get full financial funding if your parents earn less than let's say 22000 pounds a year, i.e. you don't have to pay full fees of 3000 at all?

(Not the right thread to discuss this I guess, but anyway hey)

Does it matter how much your parents earn if you want to get a student loan?

For next year, yes. From UCAS:
The maximum loans available in 2003/04 are £4,930 for students living away from home and studying in London; £4,000 for students living away from home and studying outside London and £3,165 for students living at home.

75% of the maximum loan is available to all eligible students regardless of any other income they have. Whether you can get any or all of the remaining 25% depends on your income and that of your family. As a general guide, if you do not pay fees, you will be able to get the maximum loan.

Also, the fees are means tested.

Whats the interest rate?

Tied in with the rate of inflation (it's not a commercial loan, so it is cheaper than bank loans). Was 3.1% in September apparently.

Good, so if I put teh loan into a high interest long term bank account...tehn I would get a profit?

Yes. If you can afford to pay the fees outright, then you can invest the money and make a healthy profit on it.

Or you can work during teh UNI days, like part time work