Guide to Student Debts How to deal with student loan debts?
Construct a Budget Sheet
- List out all your expenditure and income.
- Time frame you wish to budget for, by term or by month.
- This prevents you from missing any key payments.
- Contact your Student Union or Student Finance to find out about average student expenditure costs.
What to look for when choosing a Student Bank Account
- Overdraft fees - interest free to what level of debt.
- Any interest that may appear due to overdrafts or loans.
- Does the account become suspended after your degree?
- If the account continues, what are the differences between a student account and a graduate's account?
Areas Covered
- What type of Loan and what amount can I receive?
- is the maintenance loan?
- What does the grant help with?
- Who are the Maintenance Grants aimed at?
- The 'Welsh Assembly Learning Grant'.
- What is the minimum salary that enforces you to begin paying off your student loan?
- Does the loan get written off after a period of time?
- Does the loan get written off after a period of time?
- Is there any other finance assistance I could apply for?
- Are there particular grants or scholarships associated with certain degrees?
- Are there any Welfare benefits I can apply for?
- Do Universities ever give out grants themselves?
- Are there loans for specific courses that will directly help me get a job?
- Do I have to pay council tax as a student?
- What types of debt could I receive at university?
- What are the punishments for accumulating these debts?
- How long is a tenancy for University accommodation?
- Can the University charge whatever tuition fees they want?
- Is my Overdraft a priority debt?
- Should the house bills be in joint names in shared accommodation?
- Which bills should be the priorities?
- Do I need a TV License even though I live in halls?