My nephew has ditched uni it is nevertheless getting their upkeep loan and investing it, clearly that is fraudulence? He doesn’t appear to care. Please advise. I’m sure that is going to meet up with him

My nephew has ditched uni it is nevertheless getting their upkeep loan and investing it, clearly that is fraudulence? He doesn’t appear to care. Please advise. I’m sure that is going to meet up with him

Jake Butler

Your nephew should be careful as pupil finance can require a reimbursement regarding the cash.

Andrew Turner

Hi i have twins intending to head to uni this september. Whilst, i am fortunate with having a top earnings, unfortuitously with home losings (no home) and 2 other young ones, needing to top up the upkeep grant for just two young ones on top of that will probably be actually tough– 1 is ok- is there any mechanisms to just simply take this under consideration on the upkeep assessment? Thanks

Jake Butler

Hi Andrew, you have exposed an issue that is severe the pupil finance system. For those who have one or more youngster the modification for the household earnings is ?1130 per year.

What this means is they just take that much off your household earnings to take into account you having several youngster at uni. It is not enough though. The device is broken but unfortuitously there is small you could do about any of it i am afraid.

Andrew Turner

Many Thanks for advising. We agree, the adjustment appears to be completely inadequate, unfortuitously the consequence meaning the cooking pot of funds should be split between two, so they really shall have considerably paid off capital.

Karen yates

I am a mum. We borrow les than what they offer as I want to contribute myself to avoid a debt st the end when we apply for a maintenance loan, can. Many Many Thanks

Jake Butler

Hi Karen, in my opinion this is certainly feasible you shall need certainly to communicate with pupil finance. I wish to provide my advice right here and would generally suggest that you do not repeat this. Keep in mind that your son/daughter may never ever pay off their complete loan (unless they truly are a higher receiving graduate). Which means you could find yourself money that is foregoing may never need to be reimbursed anyhow. Continue reading “My nephew has ditched uni it is nevertheless getting their upkeep loan and investing it, clearly that is fraudulence? He doesn’t appear to care. Please advise. I’m sure that is going to meet up with him”