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Student Nurse with no student loan Watch

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    Hi,
    I've recently started my undergraduate course in childrens nursing. I live at home but travel about an hour and a half each morning to university. I do have a part time job, but this is quite few hours due to studying comittments and minimum wage. My Dad told me not to apply for a student loan (maintenence/living) because he was worried about the massive debt I'll have anyway just with my tuition fees. I am worried because when it comes to placement I might not be able to carry out a part time job aswell. So even though my parents are very supportive in helping me pay for petrol etc, I still feel I should be independent.
    I know you have to start paying your student loan back once you earn over a certain amount, but I heard there's no guarantee I'll pay it all back. If I get a stdent loan to just help me live my life... will I notice I massive deduction on my payslip when I'm a graduate nurse?

    THank you everyone!
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    (Original post by x.BlueEyedGirl.x)
    Hi,
    I've recently started my undergraduate course in childrens nursing. I live at home but travel about an hour and a half each morning to university. I do have a part time job, but this is quite few hours due to studying comittments and minimum wage. My Dad told me not to apply for a student loan (maintenence/living) because he was worried about the massive debt I'll have anyway just with my tuition fees. I am worried because when it comes to placement I might not be able to carry out a part time job aswell. So even though my parents are very supportive in helping me pay for petrol etc, I still feel I should be independent.
    I know you have to start paying your student loan back once you earn over a certain amount, but I heard there's no guarantee I'll pay it all back. If I get a stdent loan to just help me live my life... will I notice I massive deduction on my payslip when I'm a graduate nurse?

    THank you everyone!
    Your dad has misinformed you.

    Its wrong to think of it in terms of normal debt, it is not.
    Over 70% of students will never pay the money back and its written off after 30 years.

    You only start to repay back once you start earning over £21k and thats soon to be changed to 25k and then its 9% of the amount above that. So no you wont have massive repayments to make.

    Working part time takes away from the time you have to study so be careful by avoiding a few thousand pounds worth of debt you dont put your whole degree in danger.

    http://www.studentloanrepayment.co.u...90&_dad=portal

    http://www.moneysavingexpert.com/stu...n-fees-changes
 
 
 
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