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Student loan doesn't cover accommodation cost Watch

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    I just worked out that my student loan won't even cover my accommodation cost, let alone leave me any spare money to eat/go out/buy books.

    I have tried logging onto my accommodation application but can't make any changes to it so I have emailed the uni to see if I can change anything before the deadline.

    Did anyone else have this problem? What happens?
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    (Original post by bumblybee)
    I just worked out that my student loan won't even cover my accommodation cost, let alone leave me any spare money to eat/go out/buy books.

    I have tried logging onto my accommodation application but can't make any changes to it so I have emailed the uni to see if I can change anything before the deadline.

    Did anyone else have this problem? What happens?
    A part time job or an overdraft is the only solution.
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    (Original post by bumblybee)
    I just worked out that my student loan won't even cover my accommodation cost, let alone leave me any spare money to eat/go out/buy books.

    I have tried logging onto my accommodation application but can't make any changes to it so I have emailed the uni to see if I can change anything before the deadline.

    Did anyone else have this problem? What happens?
    Plenty of people do, student finance isn't meant to cover all costs unless household income is under £25,000pa. Parents are meant to help make up the difference but an overdraft and part time job are also used.
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    When I was young the course was free and students got a means tested grant for living costs. Now after 50 years of broadly socialist policy from both parties you are charged 9k a year in tuition, plus you get a loan to live on , but the loan is inadequate. In the meantime Roma immigrants with 15 children get £ 75 k gross a year.
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    (Original post by Old_Simon)
    When I was young the course was free and students got a means tested grant for living costs. Now after 50 years of broadly socialist policy from both parties you are charged 9k a year in tuition, plus you get a loan to live on , but the loan is inadequate. In the meantime Roma immigrants with 15 children get £ 75 k gross a year.
    ... Please look up the meaning of the word 'socialist'

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    (Original post by JonnyD)
    ... Please look up the meaning of the word 'socialist'

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    I meant "socialist"
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    So they're assuming that my parents are in the position where they can pay for me to live independently because combined they earn more than £25,000 a year, which is hardly a fortune. It is also assumed that I will be able to immediately find a job which I can afford to travel to because I am forced to take up that position in order to better myself and have a professional career one day, in a future life which will begin in thousands of pounds of debt. That's hardly socialist.

    I can hardly say I didn't know half of that before I applied to university but it's ridiculous to have to rely on my parents that much, especially since they can't give it. Sigh.
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    (Original post by bumblybee)
    So they're assuming that my parents are in the position where they can pay for me to live independently because combined they earn more than £25,000 a year, which is hardly a fortune. It is also assumed that I will be able to immediately find a job which I can afford to travel to because I am forced to take up that position in order to better myself and have a professional career one day, in a future life which will begin in thousands of pounds of debt. That's hardly socialist.

    I can hardly say I didn't know half of that before I applied to university but it's ridiculous to have to rely on my parents that much, especially since they can't give it. Sigh.
    Well no, you get some grant until your household income is over £60k. So unless it's over 60k, you should have some.
    Look for cheaper accom. if you can obviously.
    Also some universities offer schemes etc.
    Best to contact them for advice on how to manage it.
    But it is a very common issue.
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    (Original post by bumblybee)
    So they're assuming that my parents are in the position where they can pay for me to live independently because combined they earn more than £25,000 a year, which is hardly a fortune. It is also assumed that I will be able to immediately find a job which I can afford to travel to because I am forced to take up that position in order to better myself and have a professional career one day, in a future life which will begin in thousands of pounds of debt. That's hardly socialist.

    I can hardly say I didn't know half of that before I applied to university but it's ridiculous to have to rely on my parents that much, especially since they can't give it. Sigh.
    I'm in exactly the same boat. Going into third year of uni. I've got 3 younger siblings, one of which is about to go into first year (which student finance don't take into consideration AT ALL when deciding how much to give us, that's seriously messed up).

    So I've had to take up 2 jobs. Both are an hour and a half away from uni, I have to drive to them so transport is another cost. No doubt it'll affect my grades but SFE and the university don't really care so meh, I'll just have to accept the system for what it is; a complete and utter tragedy.


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    (Original post by live_a_life)
    I'm in exactly the same boat. Going into third year of uni. I've got 3 younger siblings, one of which is about to go into first year (which student finance don't take into consideration AT ALL when deciding how much to give us, that's seriously messed up).

    So I've had to take up 2 jobs. Both are an hour and a half away from uni, I have to drive to them so transport is another cost. No doubt it'll affect my grades but SFE and the university don't really care so meh, I'll just have to accept the system for what it is; a complete and utter tragedy.


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    Actually I'm pretty sure you are asked by student finance is another child in the family is at or will be at university for the year of application. You should probably ring up to check.

    At OP unless your parents earn 60K or over you should get some grant, best advice I can give you is try to find cheaper accommodation, get a good overdraft and try to find a job to save up some money and see if your parents can spare any money, even £10 a week off them could make all the difference for you.
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    (Original post by SophieSmall)
    Actually I'm pretty sure you are asked by student finance is another child in the family is at or will be at university for the year of application. You should probably ring up to check.

    At OP unless your parents earn 60K or over you should get some grant, best advice I can give you is try to find cheaper accommodation, get a good overdraft and try to find a job to save up some money and see if your parents can spare any money, even £10 a week off them could make all the difference for you.
    Yeah, they do ask about this but it doesn't actually affect a thing. I got the same amount of loan as last year, even though my sibling was still at school. My household income is virtually identical to what it was last year. SFE ask the question but it doesn't affect the loan at all.


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    It sounds like the next 3 years are going to be grim.
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    Have you considered doing a flat share, maybe?
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    How much is your grant maintenance loan and how much is your accomodation cost for each 3 terms? I'll gladly help you work it all out.
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    I have considered doing a flat share but I feel like I've left it a bit late and I'm not sure where to start :/

    I have worked it all out and managed to speak to the accommodation office at my university today, they have let me change my application to the cheaper halls but I'm still looking at living on £15 a week so have started applying for jobs already.
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    (Original post by bumblybee)
    I have considered doing a flat share but I feel like I've left it a bit late and I'm not sure where to start :/

    I have worked it all out and managed to speak to the accommodation office at my university today, they have let me change my application to the cheaper halls but I'm still looking at living on £15 a week so have started applying for jobs already.
    Oh I'm glad your university allowed you to change your accommodation. And while £15 a week would be possibly it certainly won't be comfortable so good luck with your job search.
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    (Original post by SophieSmall)
    Oh I'm glad your university allowed you to change your accommodation. And while £15 a week would be possibly it certainly won't be comfortable so good luck with your job search.
    Thank you very much, I'm glad too! I feel a bit better about the situation.
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    How much a week is your accommodation?
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    (Original post by bumblybee)
    I just worked out that my student loan won't even cover my accommodation cost, let alone leave me any spare money to eat/go out/buy books.

    I have tried logging onto my accommodation application but can't make any changes to it so I have emailed the uni to see if I can change anything before the deadline.

    Did anyone else have this *******? What happens?
    Ditto. I am over £500 short of rent (and have the cheapest accommodation).

    Luckily, my parents funded the rest and gave me £25 a week for food, but I worked all summer and christmas to save money for uni and asked for textbooks for Christmas.
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    (Original post by Jkizer)
    How much a week is your accommodation?
    The only I've changed it to will be £115 a week
 
 
 
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