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12TH OCT 2008
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 Cost of University life. Join financial expert Martin Lewis as he offers advice on the financial aspects of university life to potential students and their parents. Chat date: Wednesday 18th October. Chat time: 5pm.
On Monday 16th October Student Finance Week 2006 is launched. Run by the Department for Education and Skills, the week long event aims to raise awareness of the student finance package and hopes to ensure that finance is not seen as a barrier to those considering university.
Many students and their parents are still not aware of the financial help available such as a non-repayable grant to help with living costs for the lowest income full-time students and loans that do not have to be paid back until students are earning over £15,000 a year.Join award winning TV & radio presenter, financial expert Martin Lewis as he helps young people and their parents prepare for the financial challenges university life brings and how to overcome them. Martin is an ultra-specialised journalist, who spends his life focusing on how to cut bills without cutting back.
As he has a postgraduate degree in Broadcast Journalism from Cardiff University, and is a graduate of the London School of Economics (where he was also President of the Students’ Union) he knows a thing of two about saving money at uni! If you have any questions about student finance, from loans and grants available, to where to shop for a bargain, please send him your questions!Financial expert Martin Lewis joins us live online at www.webchats.tv on Wednesday 18th October at 5pm.
Click here to submit questions before the chat.
For more information visit www.direct.gov.uk/studentfinanceLoans, Grants and Bursaries.
There are two types of loan available - all full-time students can apply for a loan specifically for university tuition fees and eligible full-time students can apply for a loan to help with living costs. Students do not have to pay back their loans until they have left their course, are in work and earning over £15,000 per year. The loan’s interest rate is linked to the rate of inflation, which makes it considerably lower than a commercial loanMaintenance grantStudents from lower income households could be eligible for a non-repayable maintenance grant of up to £2,765 per year. Non-repayable bursaries.
Universities and colleges also offer bursaries to students, which don’t have to be repaid. The amount of the bursary depends on the university/colleges, the course and also household income.
Related Links
Student Debt Reduction Solution
Finance
Provided by The Student Zone (United Kingdom) |
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