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    Hey, I want to ask what do you think about getting a credit to pay for studies? Is it worth and does this true that it "disappears" after 30 years if you are not able to pay? And finally you can take that credit to pay for just studies or maybe rent fee can be involved (maybe just a part of it)?
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    Are you talking about student finance?
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    (Original post by rmhumphries)
    Are you talking about student finance?
    Yes
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    (Original post by Detny)
    Yes
    Moved to the student finance forum for you, where you are likely to be able to get a decent response
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    (Original post by Detny)
    Hey, I want to ask what do you think about getting a credit to pay for studies?
    Getting Student Finance loans are usually the only way people can afford to go to uni these days. The £9,000 a year tuition fee is pretty much the norm, so you're looking at £27,000 for a three year degree, before paying rent, eating etc. Not many people have that sort of money.

    Is it worth and does this true that it "disappears" after 30 years if you are not able to pay?
    Under the current terms, yes, any outstanding loans that you haven't been able to repay, will be wiped out 30 years after you graduate.

    And finally you can take that credit to pay for just studies or maybe rent fee can be involved (maybe just a part of it)?
    You can get a Tuition Fee Loan, which is guaranteed to cover the total cost of your tuition fees. This is paid direct to your uni. You can also get a Maintenance Loan which is intended to help with costs such as rent, food, travel, books etc. This money comes direct to you and you can spend it however you want. It is means-tested, with students from lower income households getting more than the minimum amount, Students from lower income households can also get a means-tested Maintenance Grant, which you don't have to repay.

    You can choose only to take the Tuition Fee Loan or Maintenance Loan if you're eligible for both. You won't be forced to take both if you don't want/need them.

    All of the above applies to students who are eligible for the full UK/Home Student Finance package. EU and International students have different eligibility.
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    (Original post by Detny)
    Yes
    It sounds like you're not familiar with student finance at all, so having a look around the student finance guide on our website would be a good idea. http://www.thestudentroom.co.uk/cont...14-15#navmoney

    Do you actually have an alternative way of funding your studies and living costs (which will probably run to £40,000++ over a 3 year course)?
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    (Original post by rmhumphries)
    Moved to the student finance forum for you, where you are likely to be able to get a decent response

    Thank you, it really helped
 
 
 
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