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    I am trying to apply for student loan and I find out this : "Most EU full-time students don’t qualify for help with living costs (known as ‘maintenance’)." Is this something new?
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    (Original post by Aneta81)
    I am trying to apply for student loan and I find out this : "Most EU full-time students don’t qualify for help with living costs (known as ‘maintenance’)." Is this something new?
    No it's been that way for years, you have to live in the U.K. for 5 years before you can have a living cost loan
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    I think is been 3 years no 5 years
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    (Original post by claireestelle)
    No it's been that way for years, you have to live in the U.K. for 5 years before you can have a living cost loan
    I think it is been 3 years, no 5 years.
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    (Original post by Aneta81)
    I think it is been 3 years, no 5 years.
    3 years used to be enough but they ve changed the rules, with brexit it might not be worth the risk of waiting till you hit those 5 years.
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    This is accurate and I think it's fair -you don't live here to be fair

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    (Original post by fxlloutboyy)
    This is accurate and I think it's fair -you don't live here to be fair

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    It's a loan.
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    (Original post by Aceadria)
    It's a loan.
    Should we start to give loans to US and CA citizens, just because it's a loan? The money has to come from somewhere upfront, that being the British taxpayer. It will take ages to pay back and there's no guarantee it will ever be paid back at all. We are rightly strict on who we give loans to.
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    (Original post by Glassapple)
    Should we start to give loans to US and CA citizens, just because it's a loan? The money has to come from somewhere upfront, that being the British taxpayer. It will take ages to pay back and there's no guarantee it will ever be paid back at all. We are rightly strict on who we give loans to.
    A loan implies interest which implies return. Investing in such mediums are beneficial in the long-term as long as there are legal codes to protect both parties (and there are).
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    (Original post by Aceadria)
    A loan implies interest which implies return. Investing in such mediums are beneficial in the long-term as long as there are legal codes to protect both parties (and there are).
    So let's give loans to everyone we clap eyes on, they're all bound to have the means to pay them back and they will all certainly earn over the repayment threshold every year for the rest of their lives.
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    (Original post by Aceadria)
    A loan implies interest which implies return. Investing in such mediums are beneficial in the long-term as long as there are legal codes to protect both parties (and there are).
    In finance you should always compare money in the future with money today taking into account inflation and interest rates. I don't think the returns on a student loan provided by the state are as high as per market.
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    (Original post by usualsuspects)
    In finance you should always compare money in the future with money today taking into account inflation and interest rates. I don't think the returns on a student loan provided by the state are as high as per market.
    This is not the point being debated.
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    (Original post by Glassapple)
    So let's give loans to everyone we clap eyes on, they're all bound to have the means to pay them back and they will all certainly earn over the repayment threshold every year for the rest of their lives.
    That's not the point you were making. You're suggesting that nationality and solvency are related.
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    (Original post by Aceadria)
    That's not the point you were making. You're suggesting that nationality and solvency are related.
    I'm suggesting that it's a nation's best financial interests to have criteria about who they give money upfront to, such as restricting it to people who actually live there. I wouldn't expect to walk into New York and get a loan, I'm not a citizen.
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    (Original post by Glassapple)
    I'm suggesting that it's a nation's best financial interests to have criteria about who they give money upfront to, such as restricting it to people who actually live there. I wouldn't expect to walk into New York and get a loan, I'm not a citizen.
    Residents do not need to be nationals of the nation. Which criterion do you want to impose and why? Do you have evidence to suggest either one will work?
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    (Original post by Aceadria)
    Residents do not need to be nationals of the nation. Which criterion do you want to impose and why? Do you have evidence to suggest either one will work?
    Until you become the head of Student Finance, this is how it will be. They don't care about whatever system you think would work better.
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    (Original post by Glassapple)
    Until you become the head of Student Finance, this is how it will be. They don't care about whatever system you think would work better.
    Giving up so soon? Shame.
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    (Original post by Aceadria)
    This is not the point being debated.
    You were talking about interest. The fact that there is a nominal return on taxpayer's investment (giving a loan) doesn't mean per se that it's a convenient way to spend the money for the state.
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    (Original post by usualsuspects)
    You were talking about interest. The fact that there is a nominal return on taxpayer's investment (giving a loan) doesn't mean per se that it's a convenient way to spend the money for the state.
    Again, the point at hand is not whether it is an efficient way to spend the money or not (that's for another topic). The poster made the assertion that nationality and/or residency status is a valid requirement for a loan.
 
 
 
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