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    As you can guess from the title, I can't really afford to go to university. It's not that my family are poor its just that I have a lot of siblings and I'm the youngest. I'm in year 11 so I don't know to much about borrowing money for university. However I've heard of sponsored degree? Most of the entry requirements are really low and I get quite good results. So I was wondering what is my best option?
    1) Just borrow money for university? (not sure if this is a option)
    2) Find a high level apprenticeship (accounting/engineering)
    3) Find a sponsored degree preferably higher entry standards (accounting/engineering)
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    (Original post by humanteaparty)
    As you can guess from the title, I can't really afford to go to university. It's not that my family are poor its just that I have a lot of siblings and I'm the youngest. I'm in year 11 so I don't know to much about borrowing money for university. However I've heard of sponsored degree? Most of the entry requirements are really low and I get quite good results. So I was wondering what is my best option?
    1) Just borrow money for university? (not sure if this is a option)
    2) Find a high level apprenticeship (accounting/engineering)
    3) Find a sponsored degree preferably higher entry standards (accounting/engineering)
    Student Finance guarantees you a Tuition Fee Loan which will cover all of your undergraduate tuition fees in full. On top of that you can get a Maintenance Loan to help with rent, bills etc. However, if you're not from one of the poorest homes, this will probably not cover all your living costs. Many students need part-time jobs to get by.

    The above poster has quoted the maximum possible Maintenance Loan for those studying outside London. Unfortunately you won't get that much if your parents' household income is reasonably good.

    If you know how much your parents earn, you can get an estimate of what you'd be entitled to under current rules by using the online calculator:
    https://www.gov.uk/student-finance-calculator

    Bear in mind that rules may have changed by the time you get to uni.
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    (Original post by humanteaparty)
    As you can guess from the title, I can't really afford to go to university. It's not that my family are poor its just that I have a lot of siblings and I'm the youngest. I'm in year 11 so I don't know to much about borrowing money for university. However I've heard of sponsored degree? Most of the entry requirements are really low and I get quite good results. So I was wondering what is my best option?
    1) Just borrow money for university? (not sure if this is a option)
    2) Find a high level apprenticeship (accounting/engineering)
    3) Find a sponsored degree preferably higher entry standards (accounting/engineering)
    Since you are in year 11, I suggest you get a part-time job ASAP and start saving. You will thank yourself later when you have money to fall back on at Uni. You will more than likely need to take out a maintenance loan - as well as your student loan - but that extra money just gives you more security. You could also take out a year of studying to work to build up money that way. Or, finally, depending on how close you live to a Uni, just do a part-time degree course and work part-time the rest of the time. Almost like an apprenticeship in the sense you earn and learn.
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    (Original post by faithhroberts)
    You will more than likely need to take out a maintenance loan - as well as your student loan - but that extra money just gives you more security.
    They're the same thing. There's only the tuition fee loan (which everyone is entitled to, regardless of household income) and the maintenance loan. (some of which is based on household income)
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    (Original post by Tiger Rag)
    They're the same thing. There's only the tuition fee loan (which everyone is entitled to, regardless of household income) and the maintenance loan. (some of which is based on household income)
    I thought they were two separate loans? Both you have to pay back when you earn over £21k, and both have different eligibilities but I thought the student loan was for your tuition fees that goes straight to the Uni and you don't actually see it
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    (Original post by faithhroberts)
    I thought they were two separate loans? Both you have to pay back when you earn over £21k, and both have different eligibilities but I thought the student loan was for your tuition fees that goes straight to the Uni and you don't actually see it
    When people talk about student loans, they're talking about the loans in general. You're right - they are two different loans and the tuition fee loan does go straight to your uni.
 
 
 

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