Students who graduated in the last 5 years..

rogan said:
The forum seems to be generally full of more sensible people than the old facebook, so I'm guessing I'll see a different answer on here

Students who graduated in the last 5 or so years:

How much non SLC (not loan company loans, tuition fees loans etc, just overdraft, credit card) debt did you leave uni with? If any at all, and were you living at home or away
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0, SlC loan was sufficient.
 
No debt all covered by my lovely parents, otherwise it would have been £80k + in debt given what I've spent in the last 2 1/2 years. Got 6 months to go and I'm free, and I've lived away from home. Also my most important rule never tell anyone your parents are covering anything, unless you're an alias online :)
 
Hxc said:
I don't think that's something to take pride in; an interest free overdraft is wonderful if you are sensible. It enables you much greater flexibility in budgeting. A zero percent credit card does the same, and both build credit ratings for later life.
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That's what I have to do. Things like the MOT and what have you can put me into the red, however, I have budgeted for it, just over the course of the year as opposed to a lump sum. So the student overdraft allows me the flexability to spread my 3 payments evenly across the year and by September I always have some savings.
 
I dont understand the 'the loan is more and sufficient' comments at all

my loan doesnt cover my rent, so living costs come out of summer work savings, part time work or an overdraft

maybe sufficient if your parents pay your rent... maybe
 
Hmmm probably also worth asking where people studied here because there are massive differences in overall living costs from one end of the country to the other. For instance I went to Kent uni and it was a lot more expensive to both pay for living costs there and general going out drinking etc than say friends who went to Leeds, Manchester, Newcastle etc.

But fyi, £2k overdraft.
 
Will be graduating this year having paid for my Open University degree using my hard earned.

The wonders of being old (31) and having your own home I guess.

Course cost approximately £5,400 over 4 years but to do that now would be £10,800.

I'll be glad when it's over. :)
 
rogan said:
I dont understand the 'the loan is more and sufficient' comments at all

my loan doesnt cover my rent, so living costs come out of summer work savings, part time work or an overdraft

maybe sufficient if your parents pay your rent... maybe
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How much is your rent then?
Mine varied between £2200 and £3300 p/a
I did get uni low income grants and got paid over the summer, but with no parental support I still managed to go on several holidays with mates and save enough to fund my living expenses during my masters.

I don't I would have managed that if I was paying London prices, but If you went to uni north of the m25, I don't understand how the loan is not enough
 
Graduating this year, other than student finance loans, I won't have any finance outstanding. I've been in rented accommodation all the way through my degree & paid for every penny on my own (unlike some people I know who's parents pay for their accommodation etc).

I've done a masters with a sandwhich year, so 5 years in total, but with a paid year in industry between years 2&3 of the degree.
 
Gradutated in 2011
25k Student loan
2k student account overdraft
£400~ student credit card
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Overdraft and credit card sorted, just the SL to pay off in 30 years?
 
Judgeneo said:
How much is your rent then?
Mine varied between £2200 and £3300 p/a
I did get uni low income grants and got paid over the summer, but with no parental support I still managed to go on several holidays with mates and save enough to fund my living expenses during my masters.

I don't I would have managed that if I was paying London prices, but If you went to uni north of the m25, I don't understand how the loan is not enough
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I have cheap rent for manchester and its £3200 per uni year, my loan is £3290
 
rogan said:
I have cheap rent for manchester and its £3200 per uni year, my loan is £3290
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That's a very, very low student loan, are you sure you're getting all you're entitled to?

I'm not from a poor background and get 5k.
 
Graduated in 2007.
Left university with SLC debt of about £11K, which should be paid off by the end of next year through standard, non-voluntary PAYE payments.
 
About £1.8k 0% overdraft. Worked during summer breaks and lived away from home.

Took about 3 months pay to get in the positive.
 
4 year BSc here.

I came out with only my SLC debt. However I worked part time for the duration of my degree and that paid all my costs. Including rent and running my car. I stashed all my loan payments in the highest interest ISA I could find each year. I have now probably made around 1.5k interest on my sfudent loan and will probably use it as a deposit on a house.

Never had a credit card or used my student overdraft.

I don't t understand the whole "poor" student thing. It just takes a part time job and a bit of effort to balance your time between work and uni.

/Salsa
 
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