student loans, and earnings

[ladysybil]

please dont flame me for being in this situation. its long and complicated, and has had many many tears shed over it and many threads in the relationships section on it, but under a different name. i am trying to move on.

I am taking out a student loan, both for tuition fees and maintenance so that i can go back to university. However, i have a feeling that my income, at least according to the paper trail my husband has ensured, will say that i am earning more than 15K a year. How will that effect me?

and, before you ask, no i cant demand a penny of it from husband, as it equates to mortgage payments for roof over kids heads and school fees etc. i will be the one not living at home with kids during the week
advice please

No one have any advice for me?

well ladysybil i'm no expert but i'm pretty sure that if you are going to be a student the student finance company don't take your earnings into consideration? there is a forum which i have found very helpful with such matters called 'the student room' where you will probably get some more reliable info. Good luck with it all anyway.:)

thank you florence. i will go have a look at the student room.

AFAIK you can get a Fee Loan for the complete amount of Fees plus you can get 75% of a student loan without declaring your income.

Take a look at the appropriate section on www.direct.gov.uk for more info

i applied for both and they have okayed them both. in fact, even though i only applied for 75% they have given me 100%. what i mean is, will i have to start paying it back immediatly whilst on the course?

You only start paying it back once you have graduated and are earning over £15K

You have to declare your student loan to your employer and the SLC will then take 9% of any earnings over £15,000.

So on a salary of £20K for example they will take 9% of £5,000 which is £450, divided by 12, so you'll repay approx £37.50pm.

HTH

yes, it does,lots. thank you