is every one relying on the student loan Watch

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Ana
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#21
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#21
I'm not allowed to spend my loan, I've been told to save most of it in an ISA. As I said in another post, my university expenses are being paid for by my grandad's legacy. That doesn't mean I won't have to budget though...
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liverpool111
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#22
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#22
didnt take a loan out...eating outta my parents savings......gonna pay them back though...in time..lol
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blackhalen
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#23
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#23
im using my loan to pay for my accom.
my parents are paying tuition fees.
and im paying the rest with money i have saved up working.
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Shelbycakes
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#24
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#24
I dont get any support from my parents, i have to pay all my accoms myself and i have no-one who can give me money if i'm stuck! i'm gunna be poor poor poor!
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tangsiuje
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#25
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#25
Hmm.... I'll get a stunning £5,8k in government loans and another £1,7k in government grants. I really hope I won't need to use all of it, because such loans can make you seriously indebted.

Now, before you get upset about such huge allowances: I happen to live in a Scandinavian socialist country where the average net tax is 68% of income. Hence, very few parents can afford their children studying abroad, so we are just forced to rely on the government. I have been working all summer, but since taxes are kind of high, my net earnings are now £3.6 an hour.
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fabulous_darling
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#26
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#26
I'm getting a loan of about £3000, but my parents are paying for my accommodation, fees and tv licence.

Right now I have no real idea of the value of money. I'm having a serious "budgeting discussion" with my parents at the weekend. Yikes.
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Joycey
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#27
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#27
Shelbycakes totally with you on this thread....some of you dont no how lucky you are for your parents to be paying for things at uni....i'm relying totally on my measly loan and working my arse off with every spare minute....but as we say....all part of the fun of being a university student!! Cant wait!! haha :p:
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leedsblade
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#28
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#28
Using loan of £4270 to pay for sef catering accomodation (£2932) and tuition fees which don't leave me with much to live on!
Parents are going to help though.

Gem
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caz_x
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#29
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#29
er.. i have accomodation paid for by parents, and tuition fees paid for too, i think tv license they will pay for (?) but unfortunately i have to pay my own utility bills as i am in a private flat since leeds student halls is absolutely packed out! since may! Hopefully it won't be too much? does anyone know if i just pay a flat rate for my water as i have no water meter? that leaves me with about erm, 500 a month 2 spend
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username9303
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#30
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#30
(Original post by caz_x)
er.. i have accomodation paid for by parents, and tuition fees paid for too, i think tv license they will pay for (?) but unfortunately i have to pay my own utility bills as i am in a private flat since leeds student halls is absolutely packed out! since may! Hopefully it won't be too much? does anyone know if i just pay a flat rate for my water as i have no water meter? that leaves me with about erm, 500 a month 2 spend
£500 a month?!!??! someone's going to be living it large at uni lol.
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switch007
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#31
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Well, after accommodation i have £1995, plus £800 from work = £2795.

Over 36 weeks, that's £77. Hopefully i can get a job, say £20/30 a week. If my dad pays my accommodation like he said he would, it would be (5195 + 800) /36 = £166 a week which would be cushty.

Am i right to budget for 36 weeks :confused: , thats how long i pay rent for? I will be working during the holidays.
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JJassonn
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#32
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#32
I have saved up £1k from work and I get about £5.5k loan and £1k grant and I get my tuition fees paid for. I'll also may use as much of my overdraft as I can and put it into another account for the interest. Plus a part time job obviously. So hopefully with all of these I won't have to worry too much. But no matter how much you got, you still need to budget.

Oh and guys, make sure you know exactly how you pay for your accomadation. For example, I pay in three termly installments (the norm for most unis I think). The first is £1050, the second is £1050, but the third is only £450. This means I don't have a flat rate budget per week, as I'll have less in the first two terms and more in the third. I've spoken to too many people who have assumed that you get your whole student loan in one payment and likewise pay for your accomadation in one payment.
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sexysax
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#33
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#33
I'm not having a loan.
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act smiley
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#34
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#34
Thanks to being given a cheapo room, I'll have about a thousand pounds left of my loan after fees and rent. If they ever actually sort it out. Other than that I only have a little bit of savings and a nice and hefty overdraft, which luckily are just enough to cover the first term's worth of rent and fees.
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indiekitten
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#35
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#35
My god, a lot of people have very well off/generous parents!!

My mum couldnt afford to help me even if she wanted to. lol. So im relying off loan, grant, job and an overdraft - hopefully.
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Bexxxx
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#36
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#36
Teeny loan which just covers accom, then my parents pay for everything else! Im going into my 2nd year, so im already into my overdraft, have to rely on my mum giving me money each month even though its just swallowed up by the overdraft! Oh well its only money
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LoopyLass
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#37
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#37
ill have £5500 with my loan and grant, after my accomodation ill be left with roughly 60/70 quid a week. ive not got an overdraft and im not getting a job while im there. but i dont drink so that will save quite a bit.
do you think its possible to live on that much?
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hallucination
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#38
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#38
(Original post by sexysax)
I'm not having a loan.
You should take one and invest it.
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SammyD
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#39
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#39
My parents are paying, I'm getting the student loan anyway and investing it, so I can make a bit of money and will have it to fall back on if anything goes wrong and my parents can't pay anymore.
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bown86
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#40
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#40
i got a £5800 loan and just found out that i've been given a £2700 grant. I don't pay any fees but didn't get into halls so my yearly rent is gonna be £6500!!!! thank God my mum has been saving up for my whole live... shes onna help me pay my accommodation. She doesn't have the money but i'm doing a six year degree so i need all the help i can get!!
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