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University next September - What do I need to know?

7 replies

MummyJules · 04/10/2005 23:09

Hi everyone,
I'm new to this board but thought I would enquire about how it is all going and how you are coping! I am hopefully going to be studying a Music Degree next September and I'm in the process of applying through UCAS.
I wondered if anyone could give me any information regarding loans, grants etc as I am mightily confused!

Thanks so much,

Jules x

OP posts:
Are your children’s vaccines up to date?
CousinItH · 04/10/2005 23:29

From next Sept you don't have to pay any tuition upfront but will have c £3K pa added to your student loan.

"Fees and funding - your friendly guide" from Sussex Uni - applies to all I think. It includes:

"Students whose family income is £17,500 or less will be eligible for a nonrepayable maintenance grant. Where the university fee is the full £3,000, this grant will be up to £2,700. Partial grants are available for those with a household income of between £17,500 and £37,425. Over half of all new full-time students will be eligible for a full or partial grant."

and:

"What other sources of income are available?
Student loans
By deferring payment, UK and EU students can take out a student loan for fees. UK (but not other EU) students can also take out loans for living costs. For 2006/7 the maximum student loan for living costs will be £4,405 for those living away from home outside London. Currently all eligible students are entitled to 75 per cent of the maximum figure regardless of household income. The proportion you can borrow of the remaining 25 per cent depends on your circumstances.

You repay the loan in instalments once your earnings reach £15,000 per year. As the interest rate is pegged to inflation, your debt does not escalate uncontrollably. The government has stated that, for students starting their course in September 2006 or later, any student loan balances (except for arrears) which are unpaid after 25 years will be written off. This will cover both loans for fees as well as loans for maintenance."

There is also inf about tax credits and other govt funding.

HTH

BadHair · 04/10/2005 23:54

Are you going to be part or full time, as the funding arrangements are slightly different. This is the DfES Part Time Student website , which I know has lots of useful info as I give it out to the PT students that I work with. If you knock off the part time bit from the end of the URL you'll get the full time pages.

CousinItH · 04/10/2005 23:56

2006 entry details from Badhair's link.

Interested in this thread?

Then you might like threads about these subjects:

MummyJules · 05/10/2005 13:06

Thank you very much for all the advice! It has helped.

OP posts:
MummyJules · 05/10/2005 13:25

Does anyone know how you apply for the loans?

OP posts:
CousinItH · 05/10/2005 13:33

Your LEA - you tell them you want to go and fill in the finance forms and they assess your needs and forward the details to the Student Loans company.

Look them up in the phone book and ring up and you'll tell you all about it and send you the forms. (I did all this with DD2 last year )

CousinItH · 05/10/2005 13:36

You can do it online too, there's a link here (student loan co page).

I made a couple of mistakes with DD2's though and ended up ringing the council several times to sort it out (It was due to the fact that her course involves work placements and I got confused and said it was a sandwich course but it isn't. It was OK though.)

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