Shin Gouki Posted January 8, 2008 Report Share Posted January 8, 2008 What is the best way to go about one of these? I am going to uni this year and do not want to fall into the typical amounts of debt for when i come out of uni. Any point leaving it to gain interest or anything like that? Business-minded people feel free to respond, what is the best way to go about making more money off of temporary money. I heard from some people that they kept it in a bank and lived off the interest then paid the money back to who they loaned it off when they were finished. possible? Good? Quote Link to comment Share on other sites More sharing options...
Ego Posted January 8, 2008 Report Share Posted January 8, 2008 take that money and pick up. . . Quote Link to comment Share on other sites More sharing options...
Gundam Posted January 8, 2008 Report Share Posted January 8, 2008 Yea, i tried it.Didnt get ANY loans out in my first year and i regret it. Saved up around 5k in my first year so by the time i finish uni my debt will be about 8k. Which i know i can make back EASY Quote Link to comment Share on other sites More sharing options...
Shin Gouki Posted January 8, 2008 Author Report Share Posted January 8, 2008 Yea, i tried it.Didnt get ANY loans out in my first year and i regret it. Saved up around 5k in my first year so by the time i finish uni my debt will be about 8k. Which i know i can make back EASYYou saved up 5k or you saved 5k? Quote Link to comment Share on other sites More sharing options...
Gundam Posted January 8, 2008 Report Share Posted January 8, 2008 Yea, i tried it.Didnt get ANY loans out in my first year and i regret it. Saved up around 5k in my first year so by the time i finish uni my debt will be about 8k. Which i know i can make back EASYYou saved up 5k or you saved 5k?Nah i saved 5k from not taking any loans. If you're ina gap year and working full time, i doubt you would even need the loan for the first year. I'm sure you could afford 3k, unless you're living on your own atm and pay for bills etc and other costs. Quote Link to comment Share on other sites More sharing options...
drifterman Posted January 8, 2008 Report Share Posted January 8, 2008 1.3k can make u alot of profit if u pick up a big bit and have the salesif ur in halls u got an unlimited amount of customers on ur doorstep 247if u want to put in a little risk 2 make a large profit then i suggest looking into this avenue 2 supplement ur student lifestyleit ain't about livin like any tramp like certain uni ppl do. u'll see the levels when u get there Quote Link to comment Share on other sites More sharing options...
Shin Gouki Posted January 8, 2008 Author Report Share Posted January 8, 2008 1.3k can make u alot of profit if u pick up a big bit and have the salesif ur in halls u got an unlimited amount of customers on ur doorstep 247if u want to put in a little risk 2 make a large profit then i suggest looking into this avenue 2 supplement ur student lifestyleit ain't about livin like any tramp like certain uni ppl do. u'll see the levels when u get thereYou have actually got a point there. Bare customers are going to be there, especially as they wont know any contacts at the time. Sick idea. Quote Link to comment Share on other sites More sharing options...
Guest M12 Part 2 Posted January 8, 2008 Report Share Posted January 8, 2008 lol people really dont understand this student loans thing.the £3070 u pay in tuition fees isnt real debt. they will never bang on ur door and ask for the full amont back. You never see the money. it never touches your account and you wont see it after you graduate either. all that happens is they take a small percentage of your pay for like 20-25 years and it equates to something stupid like £10 a month for most people. which is nothing if ur in a full time job. their is no interest rate so you pay back EXACTLY what you borrowed it doesnt grow. (well its in line with inflation but i dont wana confuse anyone)the danger is overdrafts and credit card debt. they are the ones that will escalate and bailiffs will come to your gaff and take your hdtv and xbox 360. Even if u get the student loan and just sit on it until you graduate you're in a better position than if you never took it at all. Quote Link to comment Share on other sites More sharing options...
CRLS AGAIN Posted January 8, 2008 Report Share Posted January 8, 2008 LMFAO @ LIVING LIKE A CRACKHEAD FOR 3 YEARS COS YOU DON'T WANT A DEBT THAT YOU CAN EASILY SORT OUT WITHIN 3-5 YEARS OF YOUR WORKING LIFE. AND THAT'S IF YOU WANT TO TAKE IT SLOW.LOWE THAT. Quote Link to comment Share on other sites More sharing options...
Yoshie Posted January 8, 2008 Report Share Posted January 8, 2008 Is Uni worth the debt?Never asked anyone that's been directly.I'm scared that it won't lead me anywhere and I've payed a lot. Quote Link to comment Share on other sites More sharing options...
BLACK VICTIM Posted January 8, 2008 Report Share Posted January 8, 2008 You will be able to pay it back easily, and it opens doors for you careerwise having a degree which will lead you to make more money in the long run. It's not always the case but being in debt shouldn't be a deterrent. Quote Link to comment Share on other sites More sharing options...
Shin Gouki Posted January 13, 2008 Author Report Share Posted January 13, 2008 lol people really dont understand this student loans thing.the £3070 u pay in tuition fees isnt real debt. they will never bang on ur door and ask for the full amont back. You never see the money. it never touches your account and you wont see it after you graduate either. all that happens is they take a small percentage of your pay for like 20-25 years and it equates to something stupid like £10 a month for most people. which is nothing if ur in a full time job. their is no interest rate so you pay back EXACTLY what you borrowed it doesnt grow. (well its in line with inflation but i dont wana confuse anyone)the danger is overdrafts and credit card debt. they are the ones that will escalate and bailiffs will come to your gaff and take your hdtv and xbox 360. Even if u get the student loan and just sit on it until you graduate you're in a better position than if you never took it at all.Student loan is for tuition fees then? Quote Link to comment Share on other sites More sharing options...
Flat Eric Posted January 13, 2008 Report Share Posted January 13, 2008 I'm kinda happy I'm not living on campus now cos I know I would be in drawing for the overdraftsBut same time I'm pissed. Living at home is not the one. Quote Link to comment Share on other sites More sharing options...
Flat Eric Posted January 13, 2008 Report Share Posted January 13, 2008 lol people really dont understand this student loans thing.the £3070 u pay in tuition fees isnt real debt. they will never bang on ur door and ask for the full amont back. You never see the money. it never touches your account and you wont see it after you graduate either. all that happens is they take a small percentage of your pay for like 20-25 years and it equates to something stupid like £10 a month for most people. which is nothing if ur in a full time job. their is no interest rate so you pay back EXACTLY what you borrowed it doesnt grow. (well its in line with inflation but i dont wana confuse anyone)the danger is overdrafts and credit card debt. they are the ones that will escalate and bailiffs will come to your gaff and take your hdtv and xbox 360. Even if u get the student loan and just sit on it until you graduate you're in a better position than if you never took it at all.Student loan is for tuition fees then?Student loan pays for your tuition fee's.You get maintenence loans thats the sh*t that everyones spending. Quote Link to comment Share on other sites More sharing options...
Shin Gouki Posted January 13, 2008 Author Report Share Posted January 13, 2008 lol people really dont understand this student loans thing.the £3070 u pay in tuition fees isnt real debt. they will never bang on ur door and ask for the full amont back. You never see the money. it never touches your account and you wont see it after you graduate either. all that happens is they take a small percentage of your pay for like 20-25 years and it equates to something stupid like £10 a month for most people. which is nothing if ur in a full time job. their is no interest rate so you pay back EXACTLY what you borrowed it doesnt grow. (well its in line with inflation but i dont wana confuse anyone)the danger is overdrafts and credit card debt. they are the ones that will escalate and bailiffs will come to your gaff and take your hdtv and xbox 360. Even if u get the student loan and just sit on it until you graduate you're in a better position than if you never took it at all.Student loan is for tuition fees then?Student loan pays for your tuition fee's.You get maintenence loans thats the sh*t that everyones spending.Ah right, and that one has a small amount of interest on it? Is there anything influencing how much money you can get in a loan? Do you get more if your parents earn a lot of money (guarentee of being able to pay it back). Quote Link to comment Share on other sites More sharing options...
CRLS AGAIN Posted January 13, 2008 Report Share Posted January 13, 2008 Is there anything influencing how much money you can get in a loan? Do you get more if your parents earn a lot of money (guarentee of being able to pay it back).lmfao @ that logic[sTUDENT LOANS COMPANY] IF YOUR PARENTS EARN THE MONEY IN THE FIRST PLACE, ASK THEM FOR IT INNIT, LEAVE US ALONE [/sTUDENT LOANS COMAPANY] Quote Link to comment Share on other sites More sharing options...
Shin Gouki Posted January 13, 2008 Author Report Share Posted January 13, 2008 Is there anything influencing how much money you can get in a loan? Do you get more if your parents earn a lot of money (guarentee of being able to pay it back).lmfao @ that logic[sTUDENT LOANS COMPANY] IF YOUR PARENTS EARN THE MONEY IN THE FIRST PLACE, ASK THEM FOR IT INNIT, LEAVE US ALONE [/sTUDENT LOANS COMAPANY]So if your parents were on 120k a year how much money would you get? Quote Link to comment Share on other sites More sharing options...
CRLS AGAIN Posted January 13, 2008 Report Share Posted January 13, 2008 Also I can't stress it enoughmaking your uni experience sh*t because you're scared of the debtIS NOT THE ONE.You only get to do it onceand once it's finished, it's time to be a real-life adultyou'll regret it truss Quote Link to comment Share on other sites More sharing options...
Flat Eric Posted January 13, 2008 Report Share Posted January 13, 2008 If your parents earn bare just go for the non-income assesed option init Quote Link to comment Share on other sites More sharing options...
CRLS AGAIN Posted January 13, 2008 Report Share Posted January 13, 2008 Is there anything influencing how much money you can get in a loan? Do you get more if your parents earn a lot of money (guarentee of being able to pay it back).lmfao @ that logic[sTUDENT LOANS COMPANY] IF YOUR PARENTS EARN THE MONEY IN THE FIRST PLACE, ASK THEM FOR IT INNIT, LEAVE US ALONE [/sTUDENT LOANS COMAPANY]So if your parents were on 120k a year how much money would you get?Everyone gets the tuition fee loan, that money you don't even see goes straight to unimaintenance loans are different, couple factors come into play including where you're studying. Quote Link to comment Share on other sites More sharing options...
o-guy Posted January 13, 2008 Report Share Posted January 13, 2008 lol people really dont understand this student loans thing.the £3070 u pay in tuition fees isnt real debt. they will never bang on ur door and ask for the full amont back. You never see the money. it never touches your account and you wont see it after you graduate either. all that happens is they take a small percentage of your pay for like 20-25 years and it equates to something stupid like £10 a month for most people. which is nothing if ur in a full time job. their is no interest rate so you pay back EXACTLY what you borrowed it doesnt grow. (well its in line with inflation but i dont wana confuse anyone)the danger is overdrafts and credit card debt. they are the ones that will escalate and bailiffs will come to your gaff and take your hdtv and xbox 360. Even if u get the student loan and just sit on it until you graduate you're in a better position than if you never took it at all.Thats what most people dnt understand about their student loan.u will never in yur life recieve such an affordable loan.the thing that usually pushs people into a dumb amount of debt as said above are credit card bills and overdrafts.In truth, if u are unable to pay off yur student loan in the future, then u goin uni was obviously a waste of time, money and effort. Quote Link to comment Share on other sites More sharing options...
Flojo Posted January 13, 2008 Report Share Posted January 13, 2008 If you reckon you can get by without getting a loan and you have good self discipline get a loan and put it in an ISA account over the 3 years. the interest at the end of each tax yeear will be a decent amount.I decided against getting a loan and I found it a lot easier to cope financially than I thought it would be. Quote Link to comment Share on other sites More sharing options...
TAKE HEED Posted January 13, 2008 Report Share Posted January 13, 2008 do u get a grant/bursery if your parents dont earn much?sum1 was tellin me sumthin about max. grant is 2500 and the bursery is 1000how true is this Quote Link to comment Share on other sites More sharing options...
DRC Posted January 13, 2008 Report Share Posted January 13, 2008 This yr heads in hudds are hustling differently. People just applying for the "access to higher learning" grant every uni gets.If the uni doesn't give the money to students it goes to waste.. So if there's bare money leftover they just hook people up.People just getting 1k and having no proper reason. One brer put "unable to find a part-time job" and got a letter a couple days ago confirming 1.3k was gonna be put in his account. WTF3rd yr students do it aswell "Money to get me on my feet till I find a job"..I've got 2 accounts, one I don't really use-Imma join this hustle this term. Quote Link to comment Share on other sites More sharing options...
CRLS AGAIN Posted January 13, 2008 Report Share Posted January 13, 2008 do u get a grant/bursery if your parents dont earn much?sum1 was tellin me sumthin about max. grant is 2500 and the bursery is 1000how true is thisgrant in 08 going to be something like 2800 maximum (household income has to be 17,000 or less)1000 bursary depends if your uni does it, most do though Quote Link to comment Share on other sites More sharing options...
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