Student loans

Slam62 · 5 Feb 2016 at 20:36

Right, I've got potentially a big problem.

A certain person in my life did a couple of years of a degree course a few years ago and then decided they didn't like it so stopped, they now want to do a course.
Where would they stand getting a student loan, ?

I have read that you lose the 2 years you have done but can get a loan for your course length plus one.
This would leave them with an unfunded year which could cost 14k, 5k accommodation and 9k fees.

Has anyone experience of this sort of situation? Have I got roughly the right idea?

Slam62 · 5 Feb 2016 at 21:21

It was about 2 years ago.

Thanks for the replys guys.

Slam62 · 6 Feb 2016 at 08:14

Well I don't want to be too specific, but it is automotive/transport design.

But some very useful info in here, so thanks again.

So the final question (maybe) is in this persons first attempt at study, they came under the old tuition fee structure. Now obviously, they fall under the more expensive system. For some reason, which I don't buy, there is a feeling that because they started under the old system they would continue with those costs (say 4k tuition fees).

Has anyone any experience of this situation?

Slam62 · 6 Feb 2016 at 12:29

Hmm OK thanks again.

They are going to do a foundation year first and then a 3 year degree,

I believe SLC will fund 3+1-2= 2years

But might they count the foundation year as a year of the course and so fund 4+1-2=3

Just clinging to hope here.

Looks like I'm going to have to fund a fair bit for them though,

Slam62 · 6 Feb 2016 at 13:58

Yes we will contact the SLC.
It is my son I am talking about so I can kiss goodbye to the cash come what may, I'm just trying to get a feel for reality so that I don't have a heart attack.

Sometimes he reads these forums and I didn't want things to get out of hand.

Seems like my most pessimistic assumptions are going to be the correct ones.

Slam62 · 6 Feb 2016 at 17:40

Yes, I think it's more art than engineering, but its what he wants to do so as a dad I can't say no can I.

Slam62 · 7 Feb 2016 at 08:33

muon said:
It doesn't work that way. You have to self fund the initial year(s) rather than the ones at the end.

It is to make sure you don't again drop out once funding finishes, wasting money again.

Thanks for this information, makes sense.

Just had a chat with him and he doesn't seem to quite get it.

I can see a lot of trouble ahead.

Slam62 · 7 Feb 2016 at 15:10

I think all the comments here are correct in one way or another.

We shall eventually find out from the SLC which years they will fund and I want him to fund a significant amount to show commitment.

As regards job prospects, it is at Coventry and they apparently have lots of links with the motor industry . That's the story anyway.
Seems a reasonable punt to me.

Slam62 · 8 Feb 2016 at 19:47

Well, the wife has been on to the SLC and it looks like he gets the maintenance loan for all 3 years but tuition fees for 2.

Does this sound about right to anyone?

He's going to contact the university and ask about an alternative to the foundation course either doing it nearer home or maybe a shorter substitute.