Local Education Authority Student Loan

...sum each year by your Local Education Authority (LEA) and you can take however much you need up to the set amount. The only thing that needs real consideration before a student loan is taken out, is the consequential repayments. I managed to notch up just under £7000 over three years. A thousand or two here and there soon mounts up and you have to be prepared to pay them back. Repayment is usually over a 60 month period, depending on how much you ...
...what you are borrowing and what it will cost you in the end. My loan will cost me about £120 per month over five years. It is a huge financial commitment, and you have to realise this before you apply. However, since there is little else you can do to subsidise yourself at university, the Student Loans Co. give an excellent borrowing deal to students in need. They are a friendly and co-operative company based in Glasgow, providing much-needed financial ...

Nicola21 17.04.2001 · Read full review
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Review of Local Education Authority Student Loan

As a student entering my second year at Imperial College, London I need all the money I can to fight the poverty brought on by astronomical house prices in our fair nation's capital at the moment. I chose to take out as much loan as I could, the maximum loan for this year in London is worth around £4700 with all London students entitled to 75% of that amount. The remaining 25% depends on the income of your parents or guardian. Outside London the ...
...split. The third category is for students (wherever they live) who live at home. The maximum loan of this size is around half of the loan (so the size depends again on whether they live in London or not) and enables home students to not be penalised regarding texts, going out and other expenses incurred I have found the student loan an absolute necessity as despite my parents having put by what they could since I was born and having interest free ...

Boris 03.08.2001 (23.08.2001) · Read full review
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Review of Local Education Authority Student Loan

...is then sent to your Local Education Authority (LEA) and then a few weeks later your assessment comes through. This will tell you how much of the tuition fees you have to pay and also how much money you can borrow. It is means tested so the loan limit can vary from student to student. When you decide how much you want to borrow you have to send the form back off (you get 3 of these) promptly as the LEA needs to get the cheque to your university. ...
...in your university! One thing to remember about student loans is that you do not have to borrow ALL that you can - you can borrow just a couple of hundred or thousand - it's entirely up to you! Another thing: you do not get the full amount all at once. The first installment is in September, then January, then April. The reason for this is that you don't blow it all in one go! May seem stupid but it is for your own good!! Finally the interest: don't ...

Lisa4 27.03.2001 · Read full review
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Review of Local Education Authority Student Loan

...are totally separate from the Local Education Authority. Forms can bee obtained from the Local Education Authority and posted early but no money can be obtained until the course commences. It also allows the government agencies to calculate how many fees are required, as they are means tested, based on parents’/partner’s income. Once a college place has been accepted, there is no guaranteed that any student can obtain a loan at the beginning ...
...This can lead to problems when paying for tuition fees, accommodation books and just the general day to day living expenses, like eating, clothing, heating etc. (It is important to remember that University fees must be paid before Christmas to avoid a 10% penalty). The student loan is paid in three instalments. The first will be a cheque sent to university for collection, and can be picked up during Fresher’s Week. The following two instalments ...

wulise 07.07.2001 · Read full review
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Review of Local Education Authority Student Loan

I applied for my student loan a month before my end of year exams and I had a cheque waiting for me at the university about five days later. I was amazed at how quickly they dealt with my application. I took out a loan because the interest rate is low and you pay it back when you are earning a reasonable amount (about £800 a month) and the repayments are made via the inland revenue. At the moment the interest rate is 2.1% APR so I took out my loan ...
...This means that I can "make" a few extra quid just by having the money sat in a savings account. I've done something similar with my loan this year and will do the same in my final year. The student loan is designed to help students get through university and, having been through university once, I know that any financial assistance is helpful. I can't really see any reason not to take out the full student loan. For me, the big advantage of the ...

adamdavid 26.03.2001 · Read full review
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Review of Local Education Authority Student Loan

Since the dawn of time students have been skint. Lets face it, debt is part of the sacrifice you must make to further yourself a little, in addition to leaving home and moving to a whole new place all alone. The student loan is the most important part of the students new life. First for non-students, a quick overview on how the system works. The Students Loan Company originally gave loans of up to around £3000 per year to students when the grants ...
...choose how much of that money they wanted to receive with an option of receiving the rest if they needed it in financial hardship. Now however the amount of student loans given out are assessed by a students LEA (Local Education Authority) depending on your parents' or your own financial situation (depending on your age there), and that is what you get. Since the abolishment of grants, the loan entitlement has increased by up to £1000. The loan is ...

judithritchie 13.03.2001 · Read full review
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Review of Local Education Authority Student Loan

...all about this form the Local Education Authority (LEA) will remind you, sending you increasingly insistent letters asking you to fill out the form and sending you a new copy of the form. However if you are reading this then you will be being reminded now so go to your LEA building – should be at your town’s council offices. If you don’t know where to go ask your school, friends, or even your potential University and someone should ...
...from your LEA from. As soon as you can fill the LEA form in and post it back. This form is needed for them to work out how much you should pay in tuition fees. It is also necessary for you to get a student loan from the Student Loans company. I am not advocating that you fill the form in late, life will be a lot easier for yourself if you don’t. I am just trying to offer some comfort and advice to those of you who have missed the deadline ...

student9824 19.03.2001 · Read full review
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Review of Local Education Authority Student Loan

To avoid student loans the answer is simple - become a Teacher in IT, DT, Maths, or half a dozen other subjects. Grants for these subjects where teachers are in short supply stand at about £6000max at present. I've been Graduated for 18 months now (no I didn't have to pay fees) & came out of Uni in about £9000 debt. These icluded £4500 of loans plus interest & 2 interest free overdrafts.(yes this is dodgy but possible & quite easy to do! Just don't ...
...instead produce an old savings account card & say you've been using that!) I think presently the loans stand at about £3000 or perhaps £3500 although nowadays I don't think you can have the whole lot in one lump sum. The biggest piece of advice I can give is get the full amount regardless of whether you need it or not! If you don't need it, put it in a high interest account or premium bonds or something, you can only make on this deal & think how ...

salty_monk 05.02.2001 · Read full review
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Review of Local Education Authority Student Loan

Let’s face it if you’re a student your probably skint most of the time, well I am and you have to make things go a long way that includes money. It’s the end of term for most now and it’s time to think ahead to the next semester, if your in your first year you’ll have to pay for Halls so that could cost a bit, or if you’re planning on renting with friends that can be more expensive, Just think the phone, electricity, ...
...think ahead..... Of course, you can get a loan but that sometimes isn’t enough, you just don’t pay for accommodation there’s books and your general welfare to pay for. And things aren’t cheap. You can get a loan the amount can vary depending on university and yourself but you can get up to a loan of £3000 to help you out. I have a friend who’s at London School of Economics and it costs him just that for accommodation ...

WAD1-2-3 20.06.2001 · Read full review
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Review of Local Education Authority Student Loan

...apply you must contact your local education authority (LEA) and they will send you the necessary forms. You should normally apply before the end of the academic year, if possible before that. If you miss the deadline which they give, there is absolutely no reason to worry. I only decided on results' day that I wanted to go to University and immediately contacted North Yorkshire Education Authority. They sent out the forms promptly and I filled them ...
...There is a possibility that your loan cheque may not arrive at your uni at the same time as everyone else's, but that wasn't the case for me. They were very professional and reliable. The first instalment of the loan is by cheque. The last two are put directly into your account - you provide the details on one of the initial forms. Make sure that you do this correctly, or a hold up is inevitable. Everything needs to be accurate - the account holder ...

vikstar 31.07.2001 · Read full review
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Review of Local Education Authority Student Loan

...1. Student Grant (From Local education authority)- Mature students aswell as younger students. 2. Bank Overdraft (When you open a STUDENT ACCOUNT) 3. Student Loan (From the STUDENT LOANS COMPANY IN GLASGOW) - Please please don't make the mistake so many others have made by getting a student loan from another provider. Someone who has no savings when they go to university will have to opt for all of the above options to finance their course. REMEMBER ...
...year to target fresh students with good credit ratings (which 90% of freshers will have) to get you to sign up for credit. THIS IS A NO NO, DO NOT GET A CREDIT CARD AS A STUDENT. YOU CAN NOT AFFORD TO SPEND MONEY AT 20% INTEREST. The student loan is a means of borrowing up to £3000 pounds per year on a very low 2/3% rate of interest. Do not worry about this because you will not be asked to make re-payments until you are earning enough money to live ...

meeshaman 29.03.2001 · Read full review
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Review of Local Education Authority Student Loan

...too demanding. What does the local Education Authority expect me to do? Go without food or fail my degree. Last year I got approx £2700.During the year I had to pay £1025 for tuition fees and £1800 for Accommodation. You may have realised this puts me into my overdraft instantly. Already this covers my loan. This is without food. I think it is stupid that the smaller the loan you get the more tuition fees you have to pay. I know people who are living ...
...university. I think the Local Education Authority should give you an option. I think you should be able to choose the amount of your loan. After all you have to pay it back at the end of the day. I think this would lead to a higher pass rate at university as students wouldn’t be forced into working and wasting valuable studying time. I think it was bad news when the government abolished student grants. I would love to know how many people ...

Grimsbygal 10.03.2001 · Read full review
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Review of Local Education Authority Student Loan

...Uni. He goes to his local branch of Safeburys (Or Morriway's, if you prefer. Sainsons perhaps?) and gets paid £4 an hour, working 40 hours a week. He pays tax on half his income (roughly) at around 10%, so ends up earning about £7,500 a year (slightly more, in reality). That is, he has twice as much money to live on as Bill, doesn't need to spend anything on books, and won't be up to his eyeballs in debt within 4 years. Makes you wonder if it's ...
...in a lifetime, on average - but is it worth it for 3/4 years of poverty, followed by a decade of paying extra National Insurance Contributions to cover your debt? I wonder. I really do. I guess I should decide before I accept any of these offers sat in front of me... (I found it in my heart to recommend the loan, but only because there's no alternative - when there's only one candidate, there's only one choice!) **********NUMBERS TO CHEW OVER************* ...

Greeny 25.03.2001 (13.04.2001) · Read full review
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Review of Local Education Authority Student Loan

...arrive at your LEA - local education authority - is tomorrow - the 16th March. What if i haven't got a form? STEP 1: stop panicing! STEP 2: get off of ciao and get yourself to http://www.dfee.gov.uk/studentsupport/application2001 STEP 3: fill in the online form, instructions are provided on site. STEP 4: print it off. STEP 5: make sure it is sent 1st class by the last post today. If you fail to do this you run a huge risk of not getting any ...

Kram_Eniarrol 15.03.2001 · Read full review
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Review of Local Education Authority Student Loan

Sadly, its increasingly not a question of whether you should but when, and how much. I for one do not approve of the policy that makes students rely increasingly on loans, especially for basic things like food and fees. But then again, that is the way of the world here in the UK these days, and we just have to make the most of it. And it has to be said, that even with the reservations I have, it's a whole lot cheaper than borrowing money from anyone ...
...at university. I was lucky, I graduated before the introduction of student fees, and had enough support from home not to worry unduly about money. My loan was basically to fund a trip to America to research my dissertation and I don't regret it at all. Okay, so it's a lot of money - about £1,500. And it was very easy to get - just fill in a form and you're away. A bit too easy, really. It is always tempting to borrow money when someone offers you ...

ImogenW 08.01.2001 · Read full review
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Review of Local Education Authority Student Loan