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...
didnt take a loan out...eating outta my parents savings......gonna pay them back though...in time..lol
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.
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!
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.
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
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.
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.
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.
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?
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.
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!!