(LSP)
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Hi, I am contemplating on whether I should apply for student finance or not.

Basically, I have applied for student finance for the tuition fee loan plus the minimum amount of the maintenance loan.

I will be living at home for the first year of university, so after I have applied and sent the declaration from, I realised that I would not be needing the maintenance loan.

I will be phoning student finance on Monday to sort this out, however, as my father has an ISA account enough to pay off one year of tuition fees, I was wondering if it would be best to use that money to pay off one year rather than applying for student finance.

This would mean that I do not need to apply for student finance and I can work to save up money to pay off for next year too.

However, I am not quite sure on how I can use that money as it is under my father's name and not under my name.

I was wondering if anybody could give me advice as I do not know whether I should use the ISA money to pay the tuition fees or to apply for student finance.

Also, I had a couple of questions regarding student finance and tuition fees which I could not find answers for:

Do you pay the tuition fees termly? (e.g. £3083 in the first term, £3083 in the second term...etc.)

Is the student finance loan for one year or is it for the duration of my course e.g. 4 years - if its the former, do I need to re-apply for student finance again after I have finished year 1?

What is the maximum amount of voluntary repayment I can make to student finance for one week and how frequently can I make a voluntary repayment?

Sorry if it has already been answered and thank you for any advice/replies.
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claireestelle
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(Original post by (LSP))
Hi, I am contemplating on whether I should apply for student finance or not.

Basically, I have applied for student finance for the tuition fee loan plus the minimum amount of the maintenance loan.

I will be living at home for the first year of university, so after I have applied and sent the declaration from, I realised that I would not be needing the maintenance loan.

I will be phoning student finance on Monday to sort this out, however, as my father has an ISA account enough to pay off one year of tuition fees, I was wondering if it would be best to use that money to pay off one year rather than applying for student finance.

This would mean that I do not need to apply for student finance and I can work to save up money to pay off for next year too.

However, I am not quite sure on how I can use that money as it is under my father's name and not under my name.

I was wondering if anybody could give me advice as I do not know whether I should use the ISA money to pay the tuition fees or to apply for student finance.

Also, I had a couple of questions regarding student finance and tuition fees which I could not find answers for:

Do you pay the tuition fees termly? (e.g. £3083 in the first term, £3083 in the second term...etc.)

Is the student finance loan for one year or is it for the duration of my course e.g. 4 years - if its the former, do I need to re-apply for student finance again after I have finished year 1?

What is the maximum amount of voluntary repayment I can make to student finance for one week and how frequently can I make a voluntary repayment?

Sorry if it has already been answered and thank you for any advice/replies.
Depends how much interest your father is earning and whether you ll be hitting a high salary when you graduate, many people will get their debt written off. Tuition is paid termly. Voluntary repayments can be as high as you want them to be. You reapply for student finance every year.
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(Original post by claireestelle)
Depends how much interest your father is earning and whether you ll be hitting a high salary when you graduate, many people will get their debt written off. Tuition is paid termly. Voluntary repayments can be as high as you want them to be. You reapply for student finance every year.
I see, thank you for your reply. It's good to know that voluntary payments can be made as high. I am still deciding on whether to apply for student finance but thank you for the insight :cute:
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fxlloutboyy
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I'd just use student finance - the money you already have can help with living and in case of emergency.

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