Join TSR now for chat about life, relationships, fashion and more…Sign up now

Placement year and student loans? Watch

    • Thread Starter
    Offline

    2
    ReputationRep:
    I'm not sure how it works for the student loan i will claim next year, for my placement year in the workplace.

    Firstly, on the form, it asks to estimate income for the year. would the income from whatever wages obtained in the placement year be included? or would it be considered as temporary work?

    And is there anything else i have to consider about placements in regards to finances?
    Offline

    1
    ReputationRep:
    Your uni's placement office might be the best people to ask, i personally dont plan on having any loan since the placement year's salary will be higher in value than the loan, and i aint really using the loan as is.

    But i would say you have to put how much money you will be earning from your placement and any other taxable jobs. Also uni's still expect tutition fees while your on placement to cover their side of the placement year. Unless its a year out and then you shouldnt have to pay anything to the uni.

    My parents are giving me the same deal as my sister, do my best and get a good degree and they will cover the expenses to reduce money worries.
    Offline

    2
    ReputationRep:
    I wasn't allowed to claim a student loan during my placement year (although this was 6-7 years ago, so I guess the rules might have changed now).
 
 
 
Poll
Is GoT overrated?
Useful resources
How much money do you spend a week?The ultimate guide to tax!Guide to student bank accounts

Sponsored features:

Web Legend

Win a Macbook Air!

Blog about setting up a website for a chance to win in our Web Legend competition.

Quick link:

Unanswered money and finance threads

Groups associated with this forum:

View associated groups

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Quick reply
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.