Uni - How do you afford it?

-Ad- · 15 May 2007 at 18:24

Standard £3k per year loan covered my accomodation these last 4 years. Parents pay tuition fees and give me a £50 p/w allowance. Ive been damn lucky really.

Only thing left to do is max out the overdraft in the last 2 weeks of my 4 year uni life after exams finish in a few weeks.

LASH LASH LASH !!!!!!!!!!!

Stellios · 15 May 2007 at 18:26

£3k loan for fees
£3k student loan
~£4k/year off work

Im living at home, so it makes my life easier but im living extremely comfortably. To be honest i didnt need to spend as much as i thought i would on uni resources, probably around £250 max (first year), the rest has been toyus that ive wanted personally.

If i wanted i could probably comfortably live away from home if i hadnt bought the gadgetry i wanted.

Glaucus · 15 May 2007 at 18:38

Parents paid for all 3 off us tuition fees and rent, we had to find the money to live.

And theyre combined wage is only £35-37k ish. SO perfectly possibly for most parents to afford it if they think it's worth while. If I ever have kids I'll do exactly the same.

Jez · 15 May 2007 at 18:41

Will_3rd said:
generous parents pay my tuition fees, loan covers the accommodation in full, plus I get an allowance (again from parents) every week for shopping, books etc

This is how myself and my brother have afforded our time at uni too, and how most of my friends at uni were being funded, one guy was being sponsored i think by a company.

What they found the most cost effective thing to do for my brother who wanted to move into a house share was to just buy him a house in the area where they wanted to live, and then charge his mates to live there. They gained more in rent than the capital would have achieved sat in the bank or whatever, and they have an appreciating asset while giving my brother free accomodation.

arty · 15 May 2007 at 18:48

I took a gap year before uni in order to work. I earned enough money to mean that I only had two years worth of student loan instead of 3, not to mention getting job experience. I'd recommend it

arty

OpenToSuggestions · 15 May 2007 at 18:48

AthlonTom said:
EDIT: I'm dyslexic too, didnt take the laptop though - just the ipod

haha classic. and yes i did spell dislexic rong on purpose

what the stupid goverment doesnt realise is earning 50k a year parents with 1 kid is wayyyyyy diff to earning 50k a eyar and having 5 kids.

sure my rents could pay for my uni if they really saved hard, but thats way unfair on my brothers.

i almost moved to usa/australia when i was younger and went there to see what it was like. I liked it but rents didnt and i may go there when i graduate (sod my loan aswel

)

Psycho Sonny · 15 May 2007 at 19:01

why dont you do what i do, have 4 or 5 fit looking girlfriends, make them get a job in a strip club (make sure its not the same club) they should earn up to £5000 on a very busy night and maybe £300 on a quiet night, and there you go no troubles for life

shifty_uk · 17 May 2007 at 21:03

AcidHell2 said:
SO perfectly possibly for most parents to afford it if they think it's worth while. If I ever have kids I'll do exactly the same.

Maybe most, but not all.

arty said:
I took a gap year before uni in order to work. I earned enough money to mean that I only had two years worth of student loan instead of 3, not to mention getting job experience. I'd recommend it

Doing the same

I need time to prepare a portfolio aswell.

Spamalot said:
Loan + No Fees + Ave 2 hours ebaying a day = Massive room + Car (inc insurance) + 32" LCD + XBOX 360 + 12 Games + £700 Mountain Bike + 4 Hollidays in the last year (2 weeks thailand, 4 weeks thailand, week France, 2 weeks LA) + Mint PC + ipod/phones ect.... + Stereo + loads of £100 nights out (about 3 a week) + quite a few K in the old bank +list goes on.......

So, you get your money buying and selling on ebay?

Also, could anyone from Scotland(SAAS) tell me if I'll still recieve funding, the situation:
I've just done a HND(2 years) which SAAS paid for, and I recieved a grant each year....now, as mentioned I've decided to study a different degree(3 years) which I'd like to do in London. Would I still be eligible for funding?

Tommy B · 17 May 2007 at 21:51

How much do you need per week at uni to live off?

As in drinks/going out, not accommodation or tuition fees.

Zefan · 17 May 2007 at 21:55

I get £75/week. I don't go out much though and eat very very cheaply so I can save up for things

Una · 17 May 2007 at 22:05

Tommy B said:
How much do you need per week at uni to live off?

As in drinks/going out, not accommodation or tuition fees.

Depends on where you go really. I often spend £30-40 on a night out if clubbing. I recon I spend around £100/week ish (including food) but you could do it way cheaper like <£50 a week.

[TW]Fox · 17 May 2007 at 23:02

Tommy B said:
How much do you need per week at uni to live off?

As in drinks/going out, not accommodation or tuition fees.

£25 a week petrol, £30 a week for going out, £20 a week for random food and junk on campus and stuff, job done