Maintenance grant if household income £76k plus

[marmiteadict]

Just looking into this. Apologies if previously covered.

If a parent has a household income of 76k + would their child qualify for any maintenance loan ? Or would we have to finance the entire 9k ?

Thanks in advance if anyone has experience of this

Because the cost to the tax payer would be enormous. I do agree with the graduate tax though (although would have to be much higher than 1%!)

@titchy and there never will be because that would involve the NHS having extra staff to train these apprentices. Think someone just wants some cheap staff.

@titchy you'll be surprised how much 1% from every graduate will raise. There was a report done and it would almost fund HE if every working graduate was paying 1%. It was terrifying amount.

I disagree! There's no reason why the cap can't include apprentices as well as students, so there wouldn't need to be any more placements offered, and the NHS could actually use its apprenticeship levy rather than waste most of it.

But the loan repayments are 9% for 40 years. How would 1% for 45 years raise more?

@titchy because it's 9% over £27,000 for 30 years max. Loads never repay a penny and nearly no one will repay their full amount (due to 6% interest).
The NHS doesn't have enough training places for it's current trainee doctors so not sure how they'd cope training more on the same wards, who have no background training. At least med students have a lot of knowledge by 4th year so are some use.

They wouldn't be training more - they'd train the same amount if the overall cap remained. They'd be mostly aimed at experienced nurses, so not exactly green around the gills 18 year olds!

Loans are now over 40 years, on income over about £22k. The 1% income tax cut Truss proposed would have cost £5bn a year; the SLC collects £20bn a year in repayments - a quarter that generated by a mere 1% increase in tax!

@titchy current student loans are over £27,000 for 30 years. It changes next year.
If the apprentice scheme is for experienced nurses then it's a fantastic idea. But it's also then not an apprenticeship as to do one of these you can't already have a degree (it's a requirement for funding). So nurses couldn't do one. And band 7 nurses would have to take a massive pay cut for a few years as they earn more than F1 and 2s.

None of my DDs peers worked through their A levels. The school very strongly discouraged anything that would pull time and attention away from the FOUR A Levels they had to do. DD did do some work in the holidays while at uni but didn’t have time to work and study during term time.

DS is seventeen and when he goes to uni if things stay the same as now our income will be circa 80k which sounds great but we have younger DC to support too which is not a factor in determining loan eligibility.

We have told him that we will pay his accommodation costs and if he needs more than 4.5k to live on then he will need to get a job as we did when we were students. I hope he stays away from lap dancing, unlike me

It definitely should, @Pieceofpurplesky

It's bloody bonkers.

@HideTheCroissants am assuming that's a private school if forced to do 4 A levels ? Mine went to state school, so they only did 3 and an EPQ. Hasn't harmed them too much as studying medicine and vet med. And they have lots of money in savings. Plus their jobs gave them lots of skills that helped at interviews.
Been an interesting debate about funding and apprenticeships. Better go do some marking now but have enjoyed the chat

It's a level 7 apprenticeship - you need a degree to get on it! Nurses won't be ruled out at all!

As an aside and for anyone interested, you can do an apprenticeship even if you already have a qualification at the same level as long as the apprenticeship is in a different subject area (so for degrees the ELQ rule doesn't apply).

Nope, state school (grammar admittedly). Huge pressure on all their students to aim for Oxbridge or Russell Group (DD went to uni but not Russell Group for her BA).

@mumsneedwine
In cities and towns jobs are available. In the countryside it’s far more difficult. I know hardly anyone who had a job. You just know different people to me. No buses, no car available, no job! No driving license, no job. Maybe understand not everyone has easy or cheap access to work.

I didn’t actually look at the 110th rated university! However we don’t need as many. It’s an overblown sector. No doubt posters work in it! It’s interesting the length of time taken to get grad “work” or further study is now 15 months. Used to be 6 months. Takes some unis longer to get the stats up to decent levels.

Even if they get 66.%, 1/3 of students get FA. I’m also aware not all law grads want to work in law but I bet a lot of them start out thinking they do. Of course they can change their mind but obviously thousands are forced to. Why bother with law if you are not interested in it as a job?

Cheap shot: doctors and placements. Yup: vets and placements too! However plenty of degrees don’t need to be degrees. Most of us who are a bit older fail to see the advantages conferred by degrees in some practical areas. It’s more about equality of professions not needing a degree by necessity.

It’s interesting the length of time taken to get grad “work” or further study is now 15 months. Used to be 6 months. Takes some unis longer to get the stats up to decent levels.

That's when they're surveyed that all! It's a national survey - the unis have no choice as to when it happens. Just a fixed point so that every uni is measured the same way.

Why bother with law if you don't want to be a lawyer? Dunno. Interesting subject. Want to work in an adjacent field. Want to teach. Want a generic grad job. Want a big 4 consultancy job. Why study ancient history? Or archaeology? Nowhere near enough jobs in those fields, but plenty study them and no one questions why!

@titchy
Actuslly I do question why. Nothing against the subjects, it’s the quantity of students doing them that’s the issue. We all know fairly substantial numbers won’t get jobs. Exeter: grad prospects for Archaeology 47%., Durham 62%. Leicester 50%. Admittedly some are better but how many courses do we really need?

Regarding grad apprenticeships: the vast majority go to people who are already working and are changing career. Often they have degrees in another subject. The last time I looked 18 year olds got 3500 of them. 40,000 go to others. So it’s highly possible to do a degree and then get a free second degree when the first one doesn’t work out regarding your job.

I think if you wait until you’re 21 you’re classed as a mature student so get the full maintenance loan. Is that right? Or dues it depend on how much you earn? Or would that still depend on household income if they’re still living at home?

You have to be able to demonstrate you have had the means to support yourself for three full years. So yes, leave sixth form at 18, work full time for three years, and yes, you're assessed on your own income.

Even if you’re still living at home , Titchy?

Agreed. Adolescence lasts longer than we used to assume. People don't settle down to marriage and kids so early. It would be useful if young people were able to know themselves and their strengths and likes before settling on a degree.

I think schools and some parents like to chivvy their young people into predetermined safe common routes so they can feel like their job is done, but it's not necessarily what's in their best interests.

@TizerorFizz I agree with lots that you've said. Too many students studying degrees that won't lead to any higher pay. And jobs are much harder in rural areas.
I'm 55 by the way. I went to Uni when not only was it free but they gave me money to go. And paid my rent ! I'd have loved the same for my kids rather than the £80,000+ debt they'll be in.
Uni is v expensive for all but the v wealthy who can fund their kids. There has to be a better way than getting kids into hideous debt just so they can study for a profession.

The current system is not that different from 1979 when I went really, other than repayment if you earn over the threshold, no repayment if you don't.
In my day I got a tiny maintenance sum and others with parents who chose not to work or didn't earn much got a massive "full grant". Yet in 1979 and 2022 plenty of parents either cannot or will not make the much smaller minimum sum up to the maximum sum.

Me too - but that's because our household incomes were low enough we both qualified for full grants. Plenty went at the same time as you and I and were fully supported by their parents. It's nothing new!