Student loan...

Deiwos · 31 Mar 2007 at 19:51

Do it. Take the loan.

Glaucus · 31 Mar 2007 at 19:53

it was only a guestimate, yep, if you can it's the best way, if you add some extra in holidays ect even better.

Naan_H · 16 Apr 2007 at 19:28

BIT off topic, anybody got any idea when our student loans get paid into our accounts for the next semester? When in April? didnt feel the need to start a new thread so i thought id ask here...

i have lost my student loan sheet so dont know when the next payment is!

Thanks

divine` · 16 Apr 2007 at 19:29

All my mates have theirs already...

j00ni · 16 Apr 2007 at 20:14

Mine came in on friday, though my term dates are different to most. Think my flatmates get their's this or next week depending on LEA

Mr.Orb · 16 Apr 2007 at 20:19

Robert said:
What daste are the next round of student loans going in on? I know it's april...but when.

Mine came in today... its already gone

tom_e · 16 Apr 2007 at 20:19

all my mates had them on saturday, yours will probably come in a day or 2 either side of when you start back

Naan_H · 16 Apr 2007 at 21:47

thanks for the replies guys, if everybody has started getting paid then it should happen sometime this week hopefully...im in need of a cash injection

[TW]Fox · 16 Apr 2007 at 21:59

Not had mine yet

IceBus · 16 Apr 2007 at 22:04

It's usually first day of term for your uni or the friday before it.

BeatMaster · 16 Apr 2007 at 22:27

Do you still get the HE grant when on placement? Had a search but can't seem to find anything

BeatMaster

NiCkNaMe · 16 Apr 2007 at 22:28

BeatMaster said:
Do you still get the HE grant when on placement? Had a search but can't seem to find anything

BeatMaster

Wouldn't mind knowing this too!

[TW]Fox · 16 Apr 2007 at 23:15

BeatMaster said:
Do you still get the HE grant when on placement? Had a search but can't seem to find anything

BeatMaster

No, mate of mine gets a grant but didnt get it this year.

BeatMaster · 16 Apr 2007 at 23:21

[TW]Fox said:
No, mate of mine gets a grant but didnt get it this year.

Oh well, can't blame a man for trying

The loan is pretty dire on placement ~£1,500...is it really worth bothering

(Not taking the loan I may I add but just why would you, for a such little amount?)

BeatMaster

[TW]Fox · 16 Apr 2007 at 23:25

BeatMaster said:
The loan is pretty dire on placement ~£1,500...is it really worth bothering (Not taking the loan I may I add but just why would you, for a such little amount?)

Why not? The way student loans work you'd be daft not to. Plus it paid for my car insurance and a service.

Wallace · 16 Apr 2007 at 23:34

BeatMaster said:
Oh well, can't blame a man for trying

The loan is pretty dire on placement ~£1,500...is it really worth bothering (Not taking the loan I may I add but just why would you, for a such little amount?)

BeatMaster

Its 2k I think? I'm on placement this year and took non-income assessed maximum and I've had a little over 2k...

BeatMaster · 17 Apr 2007 at 00:22

[TW]Fox said:
Why not? The way student loans work you'd be daft not to. Plus it paid for my car insurance and a service.

Is the debt that you accumulate go against you when it comes to say getting a mortgage on a house? I can understand getting the loan and putting it into an ISA but to spend it on insurance and car services, hmm...?

BeatMaster

NiCkNaMe · 17 Apr 2007 at 09:01

Nope, the debt doesn't count against you at all!

I've just started saving for my house deposit.. I too go on placement in a monthes time!

The interest accumulated on the loan is 2.4% a year, you can get up to 6.05% at the moment with a cash ISA. (Egg..)

Your never going to get a managed loan with such low interest rates ever again. Take it, put it in an ISA and save it for a deposit when your older!

You can also pay your loan off in a lump sum, but that's not advisable since you can make up to 4% more.