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Higher education

Talk to other parents whose children are preparing for university on our Higher Education forum.

Student finance - help! Feel utterly clueless

26 replies

Graphista · 10/08/2021 17:48

There may well be another thread for this but I can't find one.

Dd is headed off to uni soon having done very well today.

One of the better unis too which I'm very pleased for her

BUT she is stressing about money (as I'm sure many are!)

I feel unable to advise her as I don't really know how it works myself as it's been quite some time since I was a student plus I didn't live in and it's the accommodation side she's most worried about.

Can anyone advise? Tips and links please?

I think she's eligible for full fees and maintenance thingy.

It's like getting blood out a stone getting answers from her cos she gets stressed and doesn't want to talk about it.

I will of course help her where I can but I can't help loads as I'm disabled and on benefits myself.

She is an older but not "mature" student having taken a couple of years out of education to work and "find herself" and has had her own place till now, uni in a new town hence she'll be living in for at least 1st year

OP posts:
Xenia · 12/08/2021 22:39

It is the same system though in a sense as when I went. Some of us due to parental income got a tiny tiny minimum grant. My parents very kindly made it up to the full grant but did not have to. These days it really is much the same system - children of the less well off get the full lona. Many others get the tiny minimum loan which doe snot even cover rent.

Both then and now parents were expected to make minimum up to maximum but were and are not legally obliged to do it.

Then and now the children of the less well off had a simpler time - the state provides all the money you need.

Maximum loan
Living at home £7,987
Living away from home, outside London £9,488
Living away from home, in London £12,382

Many students due parental income being higher however get £4300 a year only even if parents choose not to make up the difference.

In 1979 I got £335 in total a year minimum grant paid in 3 parts (smallest part paid in summer term)

"Mr. Walden
The full rate of grant in 1985–86 for a student living away from home outside London is £1,830. This is equivalent to £973 at 1978–79 prices. The corresponding full rate of grant in 1978–79 was£1,100,"

So my minimum was about a third and my parents paid the 765 difference to make it up to the £1100 a year.

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