I'm female, not far off 30, single and am about to start a degree. It is funded by the NHS and I'l get a bursary but I'm wondering if it's worth getting a student maintainance loan out too. I will only be borrowing £4000 maximum if I do as I have a 0 hour contract job as well. The thing is I'm thinking of the best way to save for a mortgage deposit to put down on a house in 3 years time. I'm thinking that if I get the student loan out then I will be able to save the money I recieve from my job however if I don't get the loan out I will be using the shift money to help get me by.
Basically what I'm asking is is it worth getting out the student loan and being stuck with paying £30+ a month for about 6/7 years for the sake of having some money saved at the end?
If it is any consolation, I am thinking of doing the same thing. I have applied for the maximum loans available. For the year I am teaching they will be a just-in-case fund but once complete and in work, I plan to either spend the money on our house (windows, kitchen, roof etc) or pay them back. Not decided yet but definitely going to see that money in my account one way or another.
I don't imagine I will ever pay them back so it is just a graduate tax to bear for the rest of my working life.