Increasing a student loan?

AmDaMan

AmDaMan

AmDaMan

Soldato
Joined
18 Oct 2002
Posts
4,020
Location
Wellington, NZ
Hi, basically i'm poor.

At the moment i've been getting about £700 per loan installment. I'm working a part time job (home office) which get's me about £50 a week (all the hours i can do at the moment).

My dad temorarily isn't working at the moment though but my mum still is. I'm still living at home..

£700 doesn't really do much as i've got a car to run etc .. (parent's pay insurance luckily) So how could i go about increasing my loan? Assuming I could surely?

Thanks.
 
You can't, you are being screwed over with the 'minimal loan'.

Welcome to my world - if your parents actually work and pay taxes etc, you are entitled to virtually nothing :)
 
Are you sure Fox? I know a few people who get more loan than me and of course their parents work and pay taxes?

I hate asking parents for money, I just want my own :p
 
[TW]Fox said:
You can't, you are being screwed over with the 'minimal loan'.

Welcome to my world - if your parents actually work and pay taxes etc, you are entitled to virtually nothing :)
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I get full loan yet my parents pay tax and work and have done for longer than I've been alive (they're 43 and I'm 21).

Don't get any contribution towards my student fees though.

I don't understand where your money goes, you get £50/week to live on yet you don't pay rent and presumably food etc ?
 
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Hmmm, i don't know then? More would help lots.

Well, I have a car (petrol, repairs, parking in town etc)

Right now it's also going throught it's MOT, TAX etc but that's a one off.

I also go out (not often) girlfriend etc..

So £50 will not really cover that.
 
Once you've been assessed for your loan, that's it. You can't have it increased. You can however visit your student enquiries and apply for any harship grants that are available.
 
Is your bank account a Student account? Can get a decent size interest free overdraft limit, but you'll have to pay that back sometime (not sure on timing), but is good for filling back up with money if you work in the summer etc.
 
AmDaMan said:
Are you sure Fox? I know a few people who get more loan than me and of course their parents work and pay taxes?

I hate asking parents for money, I just want my own :p
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I guess it depends exactly how much they earn, but if they earn more than something like £30k joint income, you are entitled to diddly squat.

Best thing is that of my first two £700 installments £600 of each one goes right back out to the Uni becuase I have to pay my own fees becuase Tony Blair and friends say I'm not entitled to LEA support.

Sooooo net left over for Term 1 and 2, the busiest full terms is about a hundred quid, awesome.

Then they give you £800 for the final term where we are only there for a month :confused:
 
The last installment of £800 is help you through the summer.

Yeah If my parents had not of paid for the fee's i'd have ended up with £200? What use is that? I have an overdraft card (which i'm £500 into) and I really don't wanna use that anymore.

The thing is you easily spend £10 a day at uni just on food. Why is it so expensive even though students are so poor?? £1.10 for an Oasis is obscene to me... They give you the money and then rape it back from you.

What if you wanted to move out? Surely they could re-asses your situation?
 
The minimum student loan is £3000 isn't it (it was last time I looked anyway)? So you should get at least £1000 a term.
 
AmDaMan said:
The thing is you easily spend £10 a day at uni just on food. Why is it so expensive even though students are so poor?? £1.10 for an Oasis is obscene to me... They give you the money and then rape it back from you.
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A student buying Oasis for £1.10 is what is obscene here.
 
AmDaMan said:
The last installment of £800 is help you through the summer
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No its not, students go home for the Summer and you can get a job etc. I'd much rather have that £800 at the start of the first or second term and pay my second fee installment out of the final installment.
 
AmDaMan said:
The last installment of £800 is help you through the summer.

Yeah If my parents had not of paid for the fee's i'd have ended up with £200? What use is that? I have an overdraft card (which i'm £500 into) and I really don't wanna use that anymore.

The thing is you easily spend £10 a day at uni just on food. Why is it so expensive even though students are so poor?? £1.10 for an Oasis is obscene to me... They give you the money and then rape it back from you.

What if you wanted to move out? Surely they could re-asses your situation?
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Well that's one thing you can cut out at least, £10 a day? I spend that a week on food. Take packed lunches, a good saving there.
 
I meant to say you COULD easily spend that on food, I don't though. Just saying that you would think UNI would be less ruthless on pricing to students.

I was told the £800 was to help you enjoy summer, even if you did get a job..
 
Ah, sorry, I did misread that.

It's a wierd one the summer term loan payment, as on one hand, you've got the whole easter to summertime gap, but while at uni from easter, the majority of people will be heavily revising for their exams thus not spending as much cash on going out as much, but then you've got a pretty large amount of time off after exams, so a job would be easy for making up a good couple of grand for whatever you like until uni starts again.
 
Mate, parking. Surely that costs a small fortune? Live at uni, ditch the car. No more MOT, no more Tax, no more repairs, no more fuel, no more parking.
 
Zefan said:
Mate, parking. Surely that costs a small fortune? Live at uni, ditch the car. No more MOT, no more Tax, no more repairs, no more fuel, no more parking.
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instead pay £60 rent a week ;)
 
If you live at home during term time you do get even less money too.

I'm somehow making it work for myself atm. Get some private work from time to time, charge £30 an hour :) Need more private work now though :p
 
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