Random Student Loan Purchases Thread.
- Thread starter Shayper
- Start date
Associate
Yeah, this is what I had to do for next year, as my mum was made redundant, and rent is going to be more next year
So, do you not get more than your rent taking into account the redundancy? (FWIW, a lot of students do get less from Student Finance and Bursaries than their rent, especially students from London.)
Associate
The other two?Do you get them every third? We get ours monthly.
Student Finance pays out at the start of 1st term, 2nd term and 3rd term, with the 3rd term's payment being slightly more as it also covers some of the summer. How do you get yours monthly?
I will be, as I'll be getting full maintenance grant next year, taking my student loan/grant total to 2600 per term. Which should cover rent, food and travel.
Associate
Soldato
It's in line with inflation, that actually means you could put it in an ISA and not make money. That being said, I think 98% of my student loan that I've been paid so far is sitting in a savings account. By the time I get out of Uni I'll probably have enough for a deposit on a house...
I bought a Gibson Les Paul Studio with mine a few years ago
Oh, how I envy you...
kd
In Scotland, the Student Awards Agency (SAAS) pay our loan each month. They just divide the amount of money you are entitled to by the number of months your course is, and then you get that every month. Better way to do it, I reckon.
Caporegime
I splashed out and bought some new second hand bicycle wheels for £30
Soldato
All of mine gets spent on the mortgage and other bills . Luckily I get an extra £3000 a year from the uni in grants and £400 per month from work 
. Ah, the student life.
. Luckily I get an extra £3000 a year from the uni in grants and £400 per month from work . Ah, the student life.
Soldato
Right, I've decided on mine....
I'm moving to the states.
http://realestate.aol.com/blog/gallery/decent-looking-houses-that-cost-10-000-or-less/#photo-1
kd
I'm moving to the states.
http://realestate.aol.com/blog/gallery/decent-looking-houses-that-cost-10-000-or-less/#photo-1
kd
I had a student loan for about 2K when they first came out, already had a full grant, a part time job and of course no tuition fees in those days, never been so well off!
I got a nice shiny Commodore Amiga 1200 with a 4mb ram upgrade! They had just been launched and I picked up a copy of PageStream an 80mb HDD and was the proud owner of the most advanced DTP system in the college, put those Apples to shame back in the day. 1991
It's still in the loft, did throw out the Canon bubbljet though.
I got a nice shiny Commodore Amiga 1200 with a 4mb ram upgrade! They had just been launched and I picked up a copy of PageStream an 80mb HDD and was the proud owner of the most advanced DTP system in the college, put those Apples to shame back in the day. 1991
It's still in the loft, did throw out the Canon bubbljet though.
They take the one that you are financially dependent on, they will ignore the other.
Well London they take into account but other areas they don't.
Rental prices for Northern universities are much cheaper, I'm talking £20-30 a week cheaper.
Why should they get the same amount as someone that has to pay much more towards rent.
Because the loan system is ****.
True enough. I'm down the South East where it's fierce expensive, but there is no recognition of that.
Then again it's the south east, so for that I'm grateful.
Associate
Current inflation is 3.5% so you could make money in an ISA if you moved the money into the top performer each year, but as I said, the gains are so tiny it's pointless - it's much more interesting making money in the stockmarket.