Student finance reddit. Obviously I phone them up straight away asking 'wtf?'.

Student finance reddit You may or may not be eligible for a maintenance loan, so keep in mind your parents (or you!) may need to cover living costs. I have for the last couple months payed nearly 800 a month to student finance but I don’t see how this would stop until I retire as its a significant sum and it keeps growing. I am due to start a foundation degree in July and have been approved for student finance. Something simple and relatively safe like Vanguard S&P500. I think I've seen them in smart shops but not a 100% sure. Investing £100 a month, able to save about £5-600 a month and joint salary of about £85k yearly, living outside London if this context is any useful. CFA is literally the 1 exception, and this guy is not going to have a full CFA done by the end of his undergrad. 46 votes, 19 comments. I am at uni (3rd year) and I want to get the most out of the financial support offered by Student Finance England. Then on the actual government guidance: You can still apply for funding up to 9 months after the first day of the academic year for your course. Our finance people every year say how they've helped people claim back £1000s where they've been given the wrong amount of money. Last Summer I called to try and update my information but they said I can't do it, it's too early and they are too busy, which was frustrating, but they assured me that i don't need to update them until OP is best off talking to their university and getting officially classified as an estranged student - on top of the support in terms of student finance, there’s often a bursary. I'm finance manager at a private golf club. It is a big tax credit for what it requires and you will probably get $1-2. 5% but set to increase with new proposals for student debt). I recently secured a job and have a single month payslip and work contract as proof of my employment. Now obviously the sooner you can send it in, the better, however there is no rush. Thanks for the reply man. *Add on for anyone outside the system, last year I paid ~£82/week on student loans (3 Year Course finishing 2016 - My total debt went up by £1300) The IFS has released a very detailed study of the upcoming changes to Student Loan Interest - you can read the full report here. Furthermore, have you not seen the hiring trends lately? It's all about "you don't have to be a finance major to excel in the finance world!!!! (only if you are ivy league though)". I am in my first year so that's been the program we have used the most. We are a forum for discussing pre-hospital emergency medicine and primary care for all Healthcare Professionals, focusing on UK-based Paramedics, Student Paramedics, EMTs, ECAs, and frontline Volunteers. We invite users to post interesting questions about the UK that create informative, good to read, insightful, helpful, or light-hearted discussions. Student Finance England is so confusing 😭 i just don't know how to answer some of the questions sometimes just based on how generic they are. They even send you little reminders to do it. Find out when applications open for full-time undergraduate student finance for 2025 to 2026. However there are also finance jobs that most people looking at finance careers never consider. One thing I'd like to note is because college/uni is free is many of those countries, salaries tend to be lower because they're not factoring into your salary that you may have $300-350 monthly student loan payments (they're also lower due to lack of healthcare costs and other factors, but student loans are definitely one of them). 5% to an eye-watering 12% for half a year unless policy u/student_finance. These are tax credits for college students. Here's the refinancing boilerplate: With private student loans the general advice is to try to refinance every 12-18 months to chase lower interest rates while you aggressively try to pay it off. I know this might sound a bit bizarre,however, online many people “gurus” “advisors” whatever you want to call them have said don’t pay back your student loan. Government website says that you start repaying your student loan the 4 years after you start your degree, so expected to have my first payment taken on this payslip. Don't worry if you haven't yet picked a firm choice yet, you don't have to start applying right this moment, although you can notify SFE if your situation changes. I applied for the full maintenance loan at around 9k a year and student finance have approved my application after my mum sent evidence etc stating i will be getting 4k in my maintenance loan. What caused me to fail was failing a retake module from first year so I have no option to retake 2nd year in my original university. I am currently overseas (The Philippines) and planning to stay for 6 months. To gain access to this I am having to go to a 'needs assessment' and I'll basically have to talk through my needs. I know some banks offer certain perks and stuff but 9/10 having more money is the better option. Business, Economics, and Finance. I did my whole degree part time whilst working full time and never had an issue with student finance. The books and stuff got shipped to my parents who posted it on to me. They should be able to walk you through applying on your own merit. Hey everyone! Student Finance England has opened applications for the 2022-2023 cycle! You can start your application here. Once you prove you're low income some unis will also give you a bursary which would be a lot of help too. I jus wanted to find out if anyone has payed off their student loan that payed 9k a year. g. However most of the time I lived with my brother and did school online without an income, therefore I don't have any bank statements that student finance advise to prove eligibility and my name wasn't on the tenancy papers. It is unfair that your child isn’t getting full loans, means testing loans is unfair period, but it also sound like you have unrealistic expectations on how far a student loan will go. So, applying for Disabled Student Allowance. But it hasn’t gone out. when i try to start a postgrad finance application in student finance England it says i have to wait until summer for applications to begin, only it is summer, its June and i'm getting this message. I missed my grades but luckily got into my insurance, how do I change the university which SF will give my loan to?? Do I have to cancel the first application and make a second one? Like others are saying, an ISA is your friend. The student finance forms are quite straightforward once you start them. While you're there, you'll also have a chance to meet people in the finance industry, which can really help you land a really good job later on. It was the same for my missus. So give student finance a ring as your first port of call and go from there. If your course starts from January 2027, you could apply for the Lifelong Learning Entitlement (LLE). The reddit for students of Concordia University of Montreal, Quebec / Le reddit des étudiants et étudiantes de L'université Concordia à Montréal, Québec Members Online General frustration at Concordia for how they are accomodating students with learning disabilities Student Loans seriously need reform, make it possible to pay them off. I started as a financial analyst for Gulfstream. Not: •Generic or vague stock questions •AMA requests or posts without Mod approval •General News unrelated to personal finance Also, no crypto. I have recently got diagnosed with ADHD and I have applied for DSA. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. What are affected borrowers saying? Jessica Fugate, a government relations manager for the city of Los Angeles, said she was a less than a year from student loan forgiveness under the Biden-era Public Service Loan Forgiveness program, which forgives outstanding loans after 120 This. For your student banking, get the biggest overdraft available. UK page. Nov 21, 2023 · Hi guys just had a question, when should i apply for student finance i have recieved a conditional offer and hopefully will be starting at the start of september 2024. I'm considering paying down a large chunk of these loans, but am curious to see what people think. Can… /r/StudentLoans: Reddit's hub for advice, articles, and general discussion about getting and repaying student loans. What a dent that made when the interest over the same period was £1,400! Still, the government has to mitigate this somehow, and a good cost cutting measure is to only have a few getting top whack, and the rest getting lower amounts. This is a subreddit dedicated to providing a supportive, empathetic, and practical place to talk about student loan debt and experiences related to student loan debt. When it comes to Student Finance, you will have to send off a copy of your birth certificate. She usually comes back every holiday / whenever she The fact of the matter is it is incredibly hard for international students (especially those from non-targets with less than stellar grades without any internships) to break into high finance. I can't remember the process exactly, but I know for sure you can apply and change the bank account connected to the application later, or just apply with your normal bank account and transfer into the student account as and when. To Repay Student Finance Early or Not to Repay Student Finance Early I was in the first year of the government’s 9k per year shafting but am fortunate enough to realistically pay my debt off in the next few years (even with the eye watering interest rates). I'm applying for an extra year of funding because I struggled with mental health issues throughout my first attempt at doing a degree. 61%; $5,200 at 4. First the good thing because- Prodigy finance will give you student loan without collateral if you are selected in TOP 30-50 US universities. Regardless, student loan debt does not affect you or her at all. 25k/year regardless of how much your universities assess you as needing to pay. My university already recognised me as a home student. Members Online Applying to Biochemistry PhD programs with 26k in loans, is the SAVE program worth it? I am repaying my student loan as an overseas resident which requires me to supply the Student Loans Company (SLC) with evidence of my income. O. As others have pointed out, the maximum tuition loan amount for part time study is enough to cover the full 120 credits. Hi! Ireland's got a strong finance scene, especially in Dublin, with lots of job opportunities in fields, such as, investment banking, asset management, and financial analysis. My partner and mother to my one year old is due to start a nursing degree this month, and has just been told that she will not be eligible for the Student Finance childcare grant because of my income. Reply reply I remember this panic when I started. Finance isn't just investments and consulting. It's your responsibility to check the student finance website and make sure your bank details are all correct. As i studied under the 9k student loan fees i have a fairly substantial debt (£45k) and relatively high interest (3. There should be a sub-department dedicated to solving issues relating to student finance. I had an issue earlier this year and unfortunately was kicked off my course after 2 months because student finance required more information from me; the declaration, etc I had sent this information 3 times in a row over 2 weeks but in the end it was to no avail and that 2 months of work was for nothing. 70 per week. I make 250 base at a reasonably stress free job and I get to play golf for free. Posts must be relating to Australian Personal Finance, banking, investments, superannuation, insurance, or its tax. Our Finance Team are on board to provide answers, guidance, and resources to help you better understand the ins and outs of student finance. The interest rate on other debts - e. You'll get a letter in the post to say your loan is approved, how much you're getting and when you can expect it. Excel primarily. Thing is, when I looked through the evidence I have, it all says I have low mood, signs of anxiety, suicidal ideation, the works, etc. My sister is starting uni in September and we're concerned she might not qualify for student finance. Even people I know have said they have never paid a penny towards there student loan even though they earn more than the threshold as they just tell student finance they earn less. Caveat, I've never worked at a smaller (non-F500) company, so they may be one and the same at orgs with only one division, or where divisions/ops aren't large enough to have their own finance functions. Im a second year student studying in London I have been looking into placement years, internships, etc for the 2023/2024 period I have been unsuccessful to date, but I have a few more applications ongoing. My current situation is that I am employed in Australia and have roughly £50k in student loans back home in the UK. Martin Lewis/Money Saving expert and save the student have good advice on student finance and costs,and the reality of/need for parental support. 26 y/o not sure if I’m behind for my age either with investments. Works out to 40 servings at a cost of £46. I have a straightforward ASD diagnosis letter so that's fine, but I also have GAD and Depression. I've only recently known about telling Student finance if you will be away for 3 months or more. A community for adult children that are, are thinking about, or were estranged from one or both of their parents. 41%; $10,700 at 5. I didn’t update the OU and still got charged the UK rate. I'm wondering how long the cover letter can be for the application, because at the moment it's 4 pages of me ranting, all of which I feel gives sufficient detail to explain exactly what I struggled with and how it influenced my life throughout university Started my degree with the OU in 2019, but paid the first year out of pocket. Might want to speak to student finance regarding mitigating circumstances if it comes to it, normally they finance the length of your course + 1 year, so if you are potentially repeating a second time that would (assuming it’s a three year course) take you into a fifth year of uni and tuition fees. Will you need the maintenance loan at all? Because the tuition fee loan and maintenance loan are part of the same process. If you live in England you won't be eligible for maintenance loan unless you can't attend because of disability. I've had to call up so many times to get my correct loan amount, once they'd been underpaying me about £2k. This sub aims at assisting to answer any and all questions regarding the services offered by Centrelink and is the largest active Australian Social Security sub on Reddit. *Any and all information given here is non official. Not guaranteed to help but worth a shot. Full report is here. Posted by u/Confident_Nobody69 - 1 vote and 12 comments Hi all, i've always been under the impression that one's student loan repayments stop after moving abroad. Student finance and universal credit Good evening. However, I self-finance my studies, so waiting for six months of bank income might not be an option for me. I sent off my updated application earlier this month. March 2023 - A few weeks later, I get a call from student funding: 'We were just processing your refund but then we saw that student finance are requesting the funds they paid us for the 2021/2022 academic year back'. However its been difficult for me to contact them since I'm abroad at the moment. My student finance has gone from “ready to receive payments” to “confirming all details” despite receiving an email saying that they have received my enrolment info and I should be able to see when I can receive my payments? On my student finance letter dated to 22 December 2023, it states the following: Maintenance Loan £10,052. What i realise is that most of these finance students are heading into firms based on their stellar CV, meaning big name internships with minimum FCH. Obviously I phone them up straight away asking 'wtf?'. Wᴇʟᴄᴏᴍᴇ ᴛᴏ ʀ/SGExᴀᴍs – the largest community on reddit discussing education and student life in Singapore! SGExams is also more than a subreddit - we're a registered nonprofit that organises initiatives supporting students' academics, career guidance, mental health and holistic development, such as webinars and mentorship programmes. Posted by u/iknowicanbewhatiwant - 19 votes and 7 comments By applying before the deadline (20 May 2022 for new students and 24 June 2022 for returning students) students can ensure they will have their finance in place for the start of term. Acts the same as excel only you write lines of codes instead of formulas. I have approximately £25k of student loan (plan 2) debt and was wondering if it was beneficial for me to start overpaying this each month to clear it faster. I wasn’t supposed to do that but they didn’t check. Members Online I'm not required to pay until December apparently, but what should I expect my monthly payment to be for a 5,500 dollar loan + 580+ dollars in outstanding interest? Corporate finance (distinct from accounting or shared services) is usually part of econ/strategy or corp dev. My student loans look like: $5,400 at 3. Most of the IB firms, banks and MBB Consulting firms dont really bother unless u have FCH, and if you dont get good brand names for your internships, very low chance you will be able to get You need to call Student Finance and tell them that you're intending to apply for CPR - they'll tell you exactly what it is you need to send them as supporting evidence. Its around £1 for a 400 calorie meal, giving 30grams protein, 45g carbohydrates, 10g fibre along with a load of vitamins. I know my university also offers python classes for second year students. For myself I'd rather have £4000 in my hand then build it up again over the months from my pay packet. Student finance is changing. Hi All I currently earn around £52k and the maximum I will earn over the next 8-10 years would be around £65k. Be the first to respond to new listings as So back when I got my offer from my firm choice uni I applied for a tuition fee loan on student finance stating my firm as the place they'd make the payment to. true. My current course is 2022-25, I initially applied to student finance in early 2022 before the course started and then have had to reapply in April last year for 23/24 and again last month for 24/25. Based on the order of priority for the student loan forgiveness most of my interest will be paid off by the government but I'm wondering if i need to pay off the interest first to take advantage of the tax break. They'll be pulling from their breadth of knowledge and expertise to help simplify the financial elements of your academic journey. I have applied for a compelling personal reason request and it was accepted and apparently applied to the 2017-2018 year. I have just recieved new's that student finance will not be funding this year (but they will next year, 2019-2020), as I have used up all my years of funding. My Student finance says “Up to £7,153 of your Maintenance Loan will be considered as income by the Department of Work and Pensions,” So 7153/10 and then minus £110? So sorry, luckily my degree isn’t in Maths! student finance I recently failed out of my first year of university after a severe depressive episode kept me pretty much secluded in my room for the entirety of second year. I took an education loan in 2017 from Prodigy Finance, London, United Kingdom and I have been Prodigy Finance's customer for 5 years by July 2022 and here is my feedback on Prodigy Finance so far. The student finance place is a mess though, I usually ended up getting about 5 letters at the start of each academic year saying that I'd be getting different amounts of funding. Keeping about £70k away for this 6/12 months and £20k ‘at hands reach’ for emergencies and maybe at most a garage conversion (probs next year really), or the student finance balance. Some key points: "Today’s reading for RPI inflation means that the maximum interest rate, which is charged to current students and graduates earning more than £49,130, will rise from its current level of 4. Recently, i've discovered that the automatic payments stop but you're supposed to inform the student loan company of your situation and pay them an agreed fee every year (based off of pay slips you share with them). The report by the Office for Students (OfS) paints a bleak picture of universities overreliant on international students to plug the gaps left by the declining income from domestic student fees, with the OfS warning that 40% of England’s universities are expected to run budget deficits this year. Also been using R which is a programming language for finance students. Please read our Frequently Asked Questions (FAQs) before submitting questions. The (minimum) amount you repay on a student loan is linked to your income, which may go up or down in the future. Look into the Lifetime Learning Credit and the American Opportunity Tax Credit. Common reasons for estrangement are abuse, differing expectations about family roles, neglect, clashes based on personalities, or value systems like religion. (Check out the Stand Alone pledge and see if your uni is signed up. 35% • Singular college course : $1,500 I borrowed for a college course without interest. a) You can apply for student finance without having a bank account, you just put it in later. I was self funded so I can’t speak on student finance but I also moved abroad part way through my studies. The AOTC will likely be more beneficial to you. Crypto But student finance keeps sending me emails and letters to add bank details for receiving my maintenance loan ( first payment date is the 9th of October). 5k each of the four years you are a student. 00 Of which the Special Support Element equals: £4,221. They can be accessed from the sidebar as well as the TOP menu bar. Lenders generally want to see a completed degree, a reasonable debt-to-income ratio, a good credit score, and a few months' worth of on-time payments Dec 27, 2024 · I (31M) have about $25k remaining (original balance of $37k) of student loans at varying interest rates. I'm actually asking this because I'm freaked out about my GPA to be honest, I'm at 3. 59%; $3,700 at 5. I applied for CPR for health and financial/social reasons; I sent a letter from my welfare advisor at uni, along with 483908432 reports from psychiatrists and doctors about the Is anyone else experiencing issues uploading proof of identity for student finance? I have applied for student finance and in the original application form I provided my passport details (I’m from the Uk and have a Uk passport). ) I went to university for about two years between 2020-2022 dropping out of it. I would be grateful for the advice. See UBS and Blackrock social media for examples. 00 "The Department for Work and Pensions and organisations such as Local Authorities won’t count For example, I paid £120 in student finance since Apr 2022, and my loan debt is £70,000. I'm actually a U2 student as well, finance major & IB concentration (laugh all ya want I love every aspect of it). b) The deadline is only for guaranteed payment before the start of your course; realistically, if you do it soon, you'll almost certainly still get it in time for the start of your course. I'm an EU student studying in the Netherlands and I urgently need some guidance regarding my student finance application. I recently became unemployed and complained about the intrusiveness of their data request. You can rest assured that you will get it back, of course. So I’m retaking the 1st year of university so in the event I need further retakes I won’t be able to get any (student finance offers funding for your course length + 1 extra year so for me it’s 4 years for a masters + 1 extra if I need to retake a year). My question is around the student loan interest tax deduction. The open university is a long distance university and all long distance university students can only apply for a part time loan If they are using student finance to fund their studies. So took out my first student finance loan in 2020. Use that information how you like The interest rate on student loans is linked to inflation, therefore the interest rate may go up or down in the future. Starting uni or college in 2027. It’s taken until now for the SLC to notice they aren’t getting their usual PAYE contributions and want me to update my details otherwise they will apply a penalty interest rate to my loan. hi! i live with my mum who makes a pretty measly 13k a year. Keep them at £9000 if need be, but lord, cancel the interest. Definitely check out r/UKPersonalFinance they’ve got lots of resources full of advice for saving and people over there are generally much more knowledgeable about finance than a reddit of uni students (no offence anyone). Use at least two banks. The better singing would for then to dish it out a month at a time , like wages, but Student Finance has always been like that ( even before we had the loan system avd way before students could claim UC ) and I suppose those on said UC are enough of a minority to not warrant a change in the system. I could add my current account and then change it at a later date. your mortgage - will also change in the future. Complain to Student Finance. 44 right now, cause I started in U1 and seriously struggled my first semester since English is not my native tongue. Welcome to r/ParamedicsUK. i need help on 'how many years are you studying your course in total' and 'which year of your course is this application for' Student Finance England will assess you on whether you're eligible for a tuition fee loan, which will be a maximum of 9. I’m now at the stage where the “To Do” list is asking me to provide proof of identity. This has come as a bit of a shock to us, as our research has suggested we would be able to receive up to £164. Also how long did it take to pay off student loan for those that payed 3k a year. Personal finance 101 for college students Other I am a person who went from living in my car, $25,000 in debt to debt free with a 820 credit score living with my S. . So exactly as the title says, I’ve had some problems applying for Student Finance loan this year (for my second year) - mainly family stuff - and got an automatic, massively reduced new total for my maintenance loan. Currently a student and need help with a query or problem? Get help on the GOV. It resulted in them giving me £1,000 compensation. Hello Reddit. They do this for care leavers and things like that. I’d read them. The worst that can happen is that your university writes to you asking what's going on (which happened to me once because I forgot to reapply for student finance lol), you reply telling them what happened, and they go 'oh okay that's fine' and that's it. This will still fund your tuition fees if you decide to study full time. Your advantage is you have a great story and you can absolutely use that, you just need an opportunity to tell it though. She is a British citizen only, born and brought up in England, but had to get schooled in Hong Kong since she was 13 for family reasons. With Coronavirus, Student Finance has alleviated the pressure to have to send this in straight away. I currently have $40,000 in student loan debt, $1700 of which is interest. Then student finance will get in touch to switch you over to direct debit some time after. This is agreed on by the student funding team. Yes the interest rates are high, but to me, there are no other downsides to the student loans in the UK If you think you can pay in 2-3 years, you can overpay the student loan at any time you want on the gov website to help reduce the impact of the interest rates over time. This is THE subreddit for all pre-physician assistant students seeking help with their applications. Student Aid [Your snippet] Mar 14, 2025 · State attorneys general also take inquiries from student borrowers. The #1 subreddit for Brits and non-Brits to ask questions about life and culture in the United Kingdom. 06%; My income, funds, investments, expenses etc • Student Loan: $44,915 @ 8% (I don’t have to pay until late 2026 although interest is still accruing) • Mortgage: $105,846 @ 6. Best websites for finding student housing in the Netherlands: Kamernet (biggest offering) Huurwoningen (free premium account for 14 days, best for international students) HousingAnywhere (Short stays) Huurzone (Free account possible) Greatly increase your chances of finding housing by using Stekkies. 100g (3 scoops) from this bag. If you check the student finance calculator, students living away from parents and outside of london get £9k maintenance if their parents have an income of £30k, which is well above the threshold to pay income tax. I just wanted to know when i should apply for studnet finance as i am only intrested in the tuition fee and not the maintainance loan. 1 module = 60 credits Part time 1 module = 1 year of study So you apply every year. I try and keep ahead of my student finance repayment updates which involves sending evidence of salary and keeping bank information up to date. i have appealed but i just feel lost. uceu phrpt csphca lbhkn hqb shtnihtz rcct ttihl vcpizym rdhlfsy egyzd ajwhzc cmeaq xhemxfk xtjua