If I went to uni in my late 40s, and then didn’t get much of a job after, what would I happen about. Paying back the debts ?

[JennyTals]

Like say I was interested in doing an art course, and that maybe I’d get a bit of work after, but perhaps wouldn’t earn much
what would happen about the debts ?
like would I still be able to get student loans even though I’m a married home owner ?

You should be able to find your answer here:

https://www.gov.uk/repaying-your-student-loan/what-you-pay

Ty

I have student loans from when I was 54. Had min wage job after and now retired so won't be repaying them.

Nothing is certain in life but I would imagine you are better off studying an art course for personal enrichment. Those who end up as curators or experts tend to get brought up in a museum or gallery over the decades. Not sure if that is what you had in mind? Still, lifelong learning is always an excellent idea.

Yeah tbh I’m thinking more about doing it as personal enjoyment, and life long learning

The repayment threshold doesn’t vary by age, so if you earned beneath it once graduated you’d pay nothing. If you earned above its 9% of earnings above the threshold for the next 40 years.

if you want to do it I wouldn’t let the tuition fee aspect stop you from applying.

Wouldn't the government treat it as a debt against your estate when you die? so when you go through probate it would be flagged by HMRC

No, student loans are cancelled if you die.

Didn't know that, thanks

It's funny because the government chases every other debt to the ends of the earth!

I don’t know if the Student Room has a section for the more……..mature…….potential applicant?

So strange isn’t it!

You'd be plan 5. It's written off after 40 years or when you die. So if you're below the earnings threshold, you'd never pay it back. ⁴l

I think you’re only entitled to support for your first degree - (not eligible if you already hold a university degree) - but worth checking.

Indeed. I wanted to change direction and do a degree. Despite the fact that I didn't do a first degree but self funded an MBA course in my 30s means that I can't get student finance.

Sigh …

https://www.gov.uk/funding-for-postgraduate-study

Government Postgraduate Loans

i did consider taking the post grad loan - as i am currently earning under the threshhold (at 50, semi retired)

But i'd have to pay the high interest every month forever. Or it would be accruing anyway and i'd have to take it into account if i suddenly decided to return to working 5 days a week - and thus repay far more than i'd normally have to do, based on interest i get on my savings.

so as i had the money in savings i just paid upfront. But i could have just done the whole thing for free really, as it was for my own amusement only. (law masters)

No

I got funding at 17 years ago for my first degree.

Now studying part time with the OU in my 40s and getting my tuition fees paid for this time too (thanks SAAS again)😊

I had a student loan with my first degree years ago and it hasn't been paid back as I have been a SAHM for years.