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if you go to university you have a couple of options here. you can get your parents/you to pay for it all (expensive business) or you can apply for a student loan.
if you go for the loan, you can either do it non-income assessed, where you'll get a certain fixed amount (probably best if your parents earn lots and are just tight) or you can go income assessed. this means they'll find out how much you/your parents earn each year and will give you a percentage of the total loan available based on that. I think the max you can get is around £4000.
anyway you get the loan in 3 installments through the year: sept when you start, jan ready for the new term, and april to finish you off over exams. you have to re-apply each year too.
basically its different to taking out a loan from a bank because:
1. there's no interest to pay back on it. you borrow £3000, you pay back £3000
2. you don't pay it back until you're earning (i think) £11000 or more a year. and then you never see the money, they just take a small amount out of each wage packet. pretty much like taxes. you never see the money that goes on them, it's just taken.
also i think one of Blair's "brilliant" ideas is if you take a student loan, study to be a nurse or teacher, then work as a nurse or teacher for 2 (maybe 3) years, then the government will pay the loan back for you.
that help?
Statistics: Posted by pevil — Sat Mar 06, 2004 4:31 am
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i guess at least you've stopped playing Age of shite in a can 2...
and no i didn't get an elctric shock....unsuprisingly
Statistics: Posted by Franny — Fri Mar 05, 2004 3:54 am
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