Mature Student Financial Aid?

Question

Hello. I am considering going back into education but i am interested to know how much wouldbe paid for by the government.

I am 22 and I do not work at all but i do not claim any benefits either.

If i went into full-time education what percentage would the goverment pay?
How would this differ if i went into part-time education?
Would i need to be claiming benefits to recieve student aid?
Would the money be a grant or a loan?

I am not married, but living with my partner. Would his income affect how much money i would recieve?
I

Thanks for the replies so far, but i am from the UK and both of the sites suggested seem to be for the US...

Answer 1

If you went to university then all of your fees would be in the form of a loan, which would need to be repaid once you are finished and earning over £15,000 a year. This is usually up to a max of £3000 a year. This would not be available as a grant.

You would need to take out a loan for your living expenses and yes your partners income will be taken into account when deciding how much you can borrow. Again this is only repayable once you are earning over 15k.

I'm not sure if you would be entitled to any grants as you are under 25 and have no dependants. check out the student loans company www.slc.co.uk for more info.


The other alternative is the open university, the fees are a lot cheaper and you could work while earning your degree. www.open.ac.uk They will assess your income and you may recieve help towards. Your partners income would be used in assessing this, but anything you do get would not have to be repaid. For example if your annual household income was 15k then you would be entitled to recieve all of your course fees paid as well as a £250 grant towards cost like books etc.

www3.open.ac.uk/coursefinance/ will take you straight to the calculator for the open university.

Good luck with whatever you decide to do.

Answer 2

You are not considered independant of you parents until the age of 25. I know that seems crazy but it's how it is. You would probably get a tuition fee loan and a maintenance loan (to live on). How much money you received would depend on any money you have that can be termed income (any provided by parents, shares etc) and on your parents income. There is very little else you would be entitled to. You may be eligible for a Higher Education Grant of £1000 per annum but this is only for those in financial hardship and if you don't claim benefits it doesn't sound like you are in a hardship situation.

The only other possibility for cash would be a Welsh Assembley Learning Grant if you are a low income family and you live in Wales.

They don't give students money anymore. It's all loans. I am a mature student with a child, partner deceased. I get loans and very little else but i do get help from the University Hardship Fund. They will only help you if you have no other means of support.

Sorry, I just noticed the living with partner bit. This would affect everything. Your partner would be expected to support you and his/her earnings would be taken into account when assessing what loans would be available to you.

Try looking on this site for information (UK):

http://www.slc.co.uk/about%20student%20finance/index.html

and talk to your local council student loans department. They can tell you what you can and can not expect to receive.

Answer 3

It depends on what sort of studying you wish to do. If you are into further education then you might get your fees paid and £30 a week student allowance (can't remember what it is called!)

If you are looking at higher education then you would be entitled to grant and loans - for living on and paying the fees. Your partner's income would be taken into account but as you are living as man and wife and if you have lived with him for more than a year, your parents income should not be considered.

I think the loan is about £3,000 and the grant £2,700 but it could be more.

Answer 4

First the easy one. Living with your partner does not make them responsible for you. You should be eligible for grants and government loans. I went back to school last year. I am 52. I get Pell and map Grants and both sub and unsub loans. You need to fill out the application online at FASFA and then will figure what you may or may not be entitled to. The number of hours you take determines how much you get per semester. You may also be entitled to government work study. You work about 20 hours a week on campus and you can make as much as 1500 per semester. Hope this helps.

Answer 5

I believe that at 22, the government still decides how much money to give you based on your parent's income. It doesn't matter if you live with them or not, or if they provide any support for you or are willing to contribute to the cost of your education at all or not. It really complicates things for students whose parents aren't helping them pay for college, but that's the way the government handles it. The first step you would need to do is fill out the FAFSA.

Answer 6

it ought to not have been mandatory to teach your financial corporation statements, till the questions arose approximately your taxes and earnings interest. Any financial corporation that provides a many times going on loan asks for all financial statements earlier it does. in this occasion, in case you do not furnish the information, you're unlikely to get the loan. there is not something you're able to do approximately it. Refusing to furnish them will lead them to think of you have some thing to cover...

Answer 7

Not sure. Apply for a PELL Grant & find out.