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Name: Rachel
Age: 19
Gender: Female
Location: UK

Posts: 2,675
Join Date: January 6th 2009

Re: Budgeting for Uni, loans, and general finance advice! - March 22nd 2010, 06:39 PM

Quote:
Originally Posted by her_beautiful_mistake View Post
My fees for 5th year will be paid
I will get a means tested bursary in 5th year which probably means I won't get much, meh.

I know I am very fortunate to have parents that earn a good income, I have been able to go on holiday normally every year, I have been abroad on holiday a few times, we have a car and a nice house and they can help me out with money if I am stuck. But this does not mean that they can afford to give me lots and lots of money, £2,000 is the maximum and my sister is going at the same time! I compare this to my friend who will be getting around £8,000 a year, most of which she will not have to pay back, and there just seems to be a lot of difference.
Me and my brother are in the same boat there and we say the exact same as you. I have that problem with EMA now and will have the same problem in Uni. My Mum and Dad are still paying off my brothers first degree, I am quiet lucky that me fees are paid my the NHS for the whole course, it will help them a lot...

Also my brother says the means tested bursary is pointless as you end up on a lower Student Loan so you end up getting the same amount of money, sometimes even less but you have to get the bursary to get your fees paid but you end up with less money to live on.