Living at home whilst at uni
- Thread starter flibbage0
- Start date
I don't believe anything has changed since I graduated in 2006. I agree with you regarding the loan being the best loan you'll get, but you do need to bear it in mind for the next stage of your life. Lenders do take it in to consideration.
Associate
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- 1 Jul 2009
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- 728
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- Shropshire/Paris
If you want to be surrounded by immature, drunken people that behave like ****s, then halls is the place to be.
If you are more mature, want to actually do some work and are not bothered about following the sheep, then stay at home and save money.
The whole 'must drink vast volumes of alcohol to be accepted' is comical. Seriously, what the hell is wrong with people in this country?
If you are more mature, want to actually do some work and are not bothered about following the sheep, then stay at home and save money.
The whole 'must drink vast volumes of alcohol to be accepted' is comical. Seriously, what the hell is wrong with people in this country?
Man of Honour
- Joined
- 27 Sep 2004
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- 25,821
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- Glasgow
And if we're not going in for sweeping stereotypes?
Staying at home doesn't mean that you couldn't be getting incredibly drunk and living in halls doesn't mean you'll be a drunken incapable mess. The odds may be somewhat skewed in those directions but it's perfectly possible not to just have those extremes.
I am living at home whilst doing my degree. However as I have a wife and daughter halls really wasn't an option
Without calling you old you are somewhat more mature than flibbage0 so even without the family life it might be that halls wouldn't be particularly appealing anyway.
Meh, I actually disagree
I think it's a social education and a chance to learn in depth about a subject as much as it is furthering your career.
This exactly. I'm now far more independent and mature than I was 12 months ago. My mum wanted me to stay at home but I wanted to go and live life myself, and I prefer it now.
http://www.fancyamortgage.co.uk/GraduateMortgages/StudentLoan.asp
I think this website sums it up quite well. Its only the monthly repayments that are taken into conisderation and not the total amount of student debt you have. Considering you only pay back 9% of everything over 15k or over 21k depending on which year you went to uni, its a tiny fraction to worry about from your take home pay.
So they will take into consideration your affordability and you will effectively be 9% down compared to someone who doesn't have a student loan.
Whether you like it or not, it is taken into consideration when you apply for a mortgage as it comes out of your take home pay. You need to consider this before taking on a £25k debt regardless of the repayment terms, even though the student loan is a very affordable way of borrowing such a large sum.
I lived at home throughout all 3 years of university, walked straight into a job before I had even graduated and came out of uni debt free. It certainly didnt do me any harm but it just depends on what your priorities are.
Currently at a placement year and still living at home, life was good x2.
I disagree.
University is not just about getting a degree, it is an experience that will shape you into a more rounded individual through the various social interactions and independence that it promotes.
I wouldn't say 9% was a tiny fraction to worry about. Sure, it is likely to be the best/cheapest loan you'll ever get, but it needs to be taken into consideration when you're considering mortgages etc.
It can add up to quite a monthly sum before you've ended up paying it back.
Soldato
- Joined
- 10 Apr 2004
- Posts
- 13,498
Put it this way:
Everybody I know who lived at home subsequently either went into halls or rented accommodation with mates/course mates.
Uni is the degree AND the life skills...
Everybody I know who lived at home subsequently either went into halls or rented accommodation with mates/course mates.
Uni is the degree AND the life skills...
UPDATE:
Well I have three options now.
Do a chemistry degree near me.
Do a foundation degree in biomed which will then lead to pharmacy in the 2nd year (if I get 60%) which is at a city college campus so no accommodation but its hundreds of miles away, so
Retake year 13, Try to get DDDU up to BBB, c'est possible?
I think there is something wrong with me mentally, I really don't know, have no confidence atm.
Well I have three options now.
Do a chemistry degree near me.
Do a foundation degree in biomed which will then lead to pharmacy in the 2nd year (if I get 60%) which is at a city college campus so no accommodation but its hundreds of miles away, so
Retake year 13, Try to get DDDU up to BBB, c'est possible?
I think there is something wrong with me mentally, I really don't know, have no confidence atm.
Last edited:
Meh, I actually disagree
I think it's a social education and a chance to learn in depth about a subject as much as it is furthering your career.
It can be both and neither are necessarily mutually exclusive.
I'm off to learn about a subject in depth, it has nothing to do with my career, which I am giving up.
However at 18-20years old, for the majority of students it should be primarily about a specific career or to enhance your earning potential rather than just academic study for studies sake. (unless, of course you are seeking a career in academia, then ignore what I have just said).
As for social education, you will get that regardless of whether you attend a University or not, in fact you are more likely to get a social education living on the streets.....
