Q&A about Student Loans with Student Loans Company's Nichola Malton - Answers back

(59 Posts)
RachelMumsnet (MNHQ) Wed 09-Mar-11 13:13:34

Financial expert Jasmine Birtles has teamed up with the Student Loans Company (SLC) to talk about student finance. Covering what funding you are entitled to for tuition fees and living costs, how to apply for this money and when to make sure your finances are in place - either to start university or continue on to another academic year.

This is an opportunity for you to ask questions about the application process, benefit from her financial wisdom on how to manage your finances - or help your child budget - at university.

Send in your questions to Jasmine Birtles and Nichola Malton from the SLC before Monday 14th March at 5pm and we'll link to the answers from this thread later that week.

tyruma84 Thu 21-Feb-13 22:44:05

Hi,
I am a 3rd year student at university (my final year).
For the first 2 years of my course i was a single parent on benefits, so i automatically qualified for the childcare grant from student finance.
Then in september 2012, the start of my final year, i moved in with my partner. I sent all relevant evidence to student finance and recieved an entitlement letter which had my loan and grant on, but not my childcare. I rang student finance more times than i can remember to see what was going on with my childcare and was told different things each time until eventually after nearly 5 months i was told that i am not entitled to it because my circumstances (moving in with my partner) meant that our financial commitments could not be taken into account as they were not in place before the start of the academic year.
So, does this mean that if your circumstances change there is nothing in place to help students like me?
We can not afford the childcare for our daughter and i now face the possibility of failing my degree because i am struggling with my childcare.

Help would be appreciated :/

Mrsmila Sun 16-Sep-12 17:59:32

I have a daughter who will be going to university. I am a bit stuck with the financial paperwork side of things. Do our savings affect her entitlement for loans and or grants.

minimandy666 Tue 21-Aug-12 20:07:02

Hi there I am very new to this site (5m ago)

I am hoping that I could have some help please confused ?
I am trying to move onto my next year off college whing is HNC level now, I am a lone parent & have two daughters ages 5 & 18months. I have applyd for all the SAAS funding that I can (awating backlog response) .., But have been told that I have to apply to the college I am attending for Childcare then Housing.
There is a cap on the funding for childcare & mines would be a few more hundered ponds more than this so was told to put an appeal in which I did & got told I didnt win sad .., But to make things worse when I said I was applying for Housing costs to I was told that the cap of £4000 was for childcare & hpusing costs together confused so the ladys I have spoke to have said I will get zero for housing hmm & said I should come back when girls have grew up sad I have also been to advice works & whoever else I could about this as I am reasured the I can definatly not get Housing benefit either envy Surely I do not havto wait untill my girls have grew up to get the qualifications I need to better my life?? angry I have been ill about this as college have definatly says I cant get both funds.., could anyone please help me?? & tell me weather or not I should even go on the start date of my course????? thanx if u can help [thanx] xxx

PolishSmurf Thu 12-Jul-12 23:10:19

Hi In response to Indith's message I have just experienced this, have been through two months of very stressful competitive interview process, gained a place to study MA in social work, told my current employers that I plan to leave in September only to be told today that I am not eligible for childcare. The only reason given is that my partner earns too much although childcare costs alone would take 2/3 of his salary with no thought given to living costs at all for us as a family of four. At no point were we asked about commitments such as mortgage. If there is a specific cut off salary it would be really useful to know this figure in advance. I have no understanding of how this is worked out and feel really angry now that I have wasted my time in this process that I now actually cannot undertake.

purple15 Tue 12-Jun-12 08:17:28

Just realized the thread is probably closed.

purple15 Tue 12-Jun-12 08:16:31

I am thinking of doing the social work degree. I have already got a foundation degree in another subject. I believe I will be entitled to student finance as I have never borrowed anything before having funded the foundation degree myself.
My question is once I qualify ideally I will get a part time position. If my salary is £19000, how will I pay it back?
I am 41 years old.

CaliforniaLeaving Wed 06-Jun-12 00:33:30

My son British Citizen is moving home to Wales for College. Is there any student finance help for him? He'll be considered an international student so has higher fees. I'm looking for some student loans that he can start paying after he finishes he course. We will be living near him by then and can help with the payments.

icecreamlover456 Tue 29-May-12 14:08:43

My daughter is doing adult nursing for three years, she gets a bursery, and a means tested student loan, she has used her loan to pay the rent, now has no money for food etc. can she get any extra help. she is a wlesh student studying in england. thank you

InvisibleE Thu 10-May-12 23:48:01

I am EU student whom applied for a student finances tuition loan for an academic year 2012/13. I already have been confirmed for an undergraduate course in Kingston university. However, i am confused whether i am eligible for this Loan, because i have studied BA in my home country, but didn't finish it. Is there any chance getting a positive reply from SLC? And if it would be a problem, how could i manage it?
Regards
E

chappell1285 Fri 20-Apr-12 13:15:37

Hi

i am currently studying nursing and i am in reciept of an nhs bursary. for the past 9 months i have been on maternity leave and still in reciept of my funding. i am now due to return to my course in september but i have today been told that there are no places are available and that i will have to join the march 2013 intake. aswel as this i have been informed that my bursary will stop until i return. i have looked on the nhs bursaries website and they mention that if uni cannot allow me to go back then i can extend my mat leave. nhs bursaries say its down to the uni to organise but when i have spoken to my university they seem very unwilling to help me stating that i could go on benefits or get a job. benefits is not really an option due to my partner working and as for a job in this economic climate its very unlikely especially one that will be for 6 months that will pay for my rent which is what my bursary covers and also the added cost of childcare.

i am really stuck and unsure of who to turn to. does anyone know the details around this situation and what i can do to resolve it????

chappell1285 Fri 20-Apr-12 13:12:24

Hi

i am currently studying nursing and i am in reciept of an nhs bursary. for the past 9 months i have been on maternity leave and still in reciept of my funding. i am now due to return to my course in september but i have today been told that there are no places are available and that i will have to join the march 2013 intake. aswel as this i have been informed that my bursary will stop until i return. i have looked on the nhs bursaries website and they mention that if uni cannot allow me to go back then i can extend my mat leave. nhs bursaries say its down to the uni to organise but when i have spoken to my university they seem very unwilling to help me stating that i could go on benefits or get a job. benefits is not really an option due to my partner working and as for a job in this economic climate its very unlikely especially one that will be for 6 months that will pay for my rent which is what my bursary covers and also the added cost of childcare.

i am really stuck and unsure of who to turn to. does anyone know the details around this situation and what i can do to resolve it????

chappell1285 Fri 20-Apr-12 13:10:42

Hi

i am currently studying nursing and i am in reciept of an nhs bursary. for the past 9 months i have been on maternity leave and still in reciept of my funding. i am now due to return to my course in september but i have today been told that there are no places are available and that i will have to join the march 2013 intake. aswel as this i have been informed that my bursary will stop until i return. i have looked on the nhs bursaries website and they mention that if uni cannot allow me to go back then i can extend my mat leave. nhs bursaries say its down to the uni to organise but when i have spoken to my university they seem very unwilling to help me stating that i could go on benefits or get a job. benefits is not really an option due to my partner working and as for a job in this economic climate its very unlikely especially one that will pay for my rent which is what my bursary covers and also the added cost of childcare.

i am really stuck and unsure of who to turn to. does anyone know the details around this situation and what i can do to resolve it????

chappell1285 Fri 20-Apr-12 13:10:21

Hi

i am currently studying nursing and i am in reciept of an nhs bursary. for the past 9 months i have been on maternity leave and still in reciept of my funding. i am now due to return to my course in september but i have today been told that there are no places are available and that i will have to join the march 2013 intake. aswel as this i have been informed that my bursary will stop until i return. i have looked on the nhs bursaries website and they mention that if uni cannot allow me to go back then i can extend my mat leave. nhs bursaries say its down to the uni to organise but when i have spoken to my university they seem very unwilling to help me stating that i could go on benefits or get a job. benefits is not really an option due to my partner working and as for a job in this economic climate its very unlikely especially for just 6 months and one that will pay for my rent which is what my bursary covers and also the added cost of childcare.

i am really stuck and unsure of who to turn to. does anyone know the details around this situation and what i can do to resolve it????

Jamesnov Tue 31-Jan-12 17:46:23

my household income gross 12200 total i get Student Loans £6000+2900 student grant total is £21,100

eatyourveg Tue 31-Jan-12 15:32:48

Is household income gross or net?

Jamesnov Tue 31-Jan-12 00:00:13

Hi i have a child and my wife she is not Woking.can i get dependent grant. i am studying full time and work part-time i get £5000 and getting tax credits and working tax credits i get £7200.can you please tell me if i am eligible for dependent grant.

thank you

Jamesnov Mon 30-Jan-12 23:41:01

Hi i have a child and my wife she is not Woking.can i get dependent grant. i am studying full time and work part-time i get £5000 and getting tax credits and working tax credits i get £7200

can you please tell me if i am eligible for dependent grant

thank you

mum2supercharlie Thu 17-Mar-11 20:55:13

Thank you Nichola and thank you for covering this MN. Great idea.

RachelMumsnet (MNHQ) Thu 17-Mar-11 13:12:04

The answers are now back from the Student Loans Company and you can see the full Q&A here:

Student Loans Q&A

saggarmakersbottomknocker Wed 16-Mar-11 14:39:56

Ponders, absolutely agree with you re payment dates. My ds2 gets his last payment on 16/4 or thereabouts - he's abroad and his academic year finishes on 23/4 confused It would be much better if it was more flexible with maybe some choice about when we receive the maintenance grant/loan payments. Most students have their biggest outlay in their first term - travelcards, books, accommodation; much more sensible to receive maybe half then and the other half spread over the rest of the year.

Ponders Wed 16-Mar-11 14:11:13

and one more, completely different, question - why are the termly payment amounts so arbitrary?

Easter is so late this year that there is 4 months between the Spring term payment (10/01/2011) & the Summer term payment (03/05/2011). This means that students renting accommodation privately & paying rent monthly will have to find the rent for April before they get the loan in May.

And the amount paid in January, to cover 4 months, is the same as the amount paid in September (27/09/2010), which only had to cover 3½ months.

And the loan in May, which actually only covers about a 6-week term, is more than the one in January!!! (Is this intended to help with summer expenses? As the difference is only about £45, it won't go very far hmm)

It would be much more helpful for student budget purposes if the annual loan/grant amounts were divided by the number of weeks in the academic year, & paid out according to the number of weeks in each term.

Ponders Wed 16-Mar-11 13:57:54

I have a supplementary question now related to mine on Wed 9th - "When I come to do DS2's application, after 16th March" - how come the website let me do his application on Friday 11th??? confused

Anyway DS2's loan figure has come out £300+ higher than DS1's - will DS1's loan amount automatically change to match, or does he have to ask for it, or does he just get less???

Xenia Sun 13-Mar-11 19:37:46

Gosh, this thread is making me rather glad I was lucky enough to earn enough to ensure my 3 older children have graduated without having anything to do with the student loans company.

mercibucket Sat 12-Mar-11 23:34:25

sigh, just checked bank account and payment still not taken - it's supposed to be the last payment as well. why oh why oh why can't your company function properly

tyler80 Sat 12-Mar-11 17:34:38

When new fees are introduced and the repayment terms are altered so that loans are only paid back on income earned above 21k will this only be for students paying the increased fees?

Should I resign myself to paying a percentage of everything I earn over 15k until I'm 65/die?

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