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[Bacon Butty Man]

my daughter is going to Uni next year, we want her to to take a gap you to save money via a job, otherwise she is looking to take loans out and get into debt, do the student loans need a garantaur or now.

[nick v6]

no shouldn't need a garantu
sometimes you don't have to pay the loan back unless she gets into a job that is earning over a certain amount

[Bacon Butty Man]

also if the uni finds them a paid fulltime placement for the third year of a four year (sandwich course), do they get grants etc for the third year.

[nick v6]

not sure on that
you could try looking on the direct.gov.uk website
most information should be there

[gsdtrainer]

My son is borrowing off me all the time but he never pays it back.

[pauldmackay]

No Guarantor needed for Student Support and support can be given for placement years but is 50% of what the max entitlement would normally, so half what they would get if there were studing at uni/college, mainly because most placements are paid and the uni don;t want as much fees, yes they do still have to pay 50% fees to the uni even of if they are on a placement, grants will be paid to only be paid if the placement is not a 'paid placement', remembering that household income would need to be less than 52K for new students only this year for grants to be paid.

Can you guess where I work?

[smoothomega]

My daughter is at Durham and has taken out a student loan, no garantaur was required, it was purlely done in her name with the understanding when she does leave and get a job that pays over a certain amount she starts to pay it back, this works on a sliding scale, the more she earns the bigger % she will have to pay back, i think but dont quote me on this, the starting point at which she has to start to pay back is 23500. I do know however that her debt will be in excess of 25,000 when she graduates  

[pauldmackay]

and its paid back if earnings are above 1250 per month gross........yearly figure 15,000, but deducted based on the weekly/4 weekly or monthly pay not yearly!

[pauldmackay]

My daughter is at Durham and has taken out a student loan, no garantaur was required, it was purlely done in her name with the understanding when she does leave and get a job that pays over a certain amount she starts to pay it back, this works on a sliding scale, the more she earns the bigger % she will have to pay back, i think but dont quote me on this, the starting point at which she has to start to pay back is 23500. I do know however that her debt will be in excess of 25,000 when she graduates  

Which year did she start her course?

[bertiecbx550]

Tunnie is the best 1 to ask i believe.... I think he was a student recently... :-/

[smoothomega]

She started this term year after taking a year out to do some youth work,

[pauldmackay]

For anyone starting after 06/07, they will have there loan written off after 25 years based on the date they sign the last loan agreement before they start there last year of there course, regardless if it's paid back or not, students between 1998 to 05/06 year it's written off when they reach 65. Before 1998 it a wee bit different.

 Loads of others myths around about this, al untrue I'm afraid.

[Bacon Butty Man]

my problem is that we deal in debt probs etc, so our view is gap year to earn n save, save, save, thus reducing the need to loan, also gives her a break from 13 year of schooling/college.

[pauldmackay]

Very true, full loans don't need to be taken, and they can be paid back at any time, the loans don't appear on credit reports, students don't actually sign a credit agreement either, so not covered by FSA or ombudsmen etc, many people wouldn't get the credit they have managed to get if they were!

[smoothomega]

my problem is that we deal in debt probs etc, so our view is gap year to earn n save, save, save, thus reducing the need to loan, also gives her a break from 13 year of schooling/college.

[/highlight]

My daughter says it was the best thing for her, gave her "brain a rest" as she puts it