Out of pocket expenses at uni???

[bobg]

FWIW, for those who've got this to come, tuition fees for my sons uni are about 4k a year and 1st year in halls of residence is about 2k. I asked for the max loan available and because of my low income /pension I seem to have ended up with approx 7k, £3k of which is a non repayable grant much to my surprise.
This is my fourth to go and like many of you have suggested its a bloody sight tougher than it was even 10 years ago when my other son went. I can just see the queue at all the local pubs to get part time jobs.......

 

[mossy]

Two of my kids have done this journey.
We set a fixed monthly payments to their accounts and they managed the rest.
Both had around £15 k of debt over four years uni but both tried part time jobs to reduce this.


Its nor easy from both sides.(What about my visits to the pub).

Its a discuss issue with them .Both mine have been very ,very lucky and got jobs off their degrees .
But both sill resent paying (not I am not going into free ed v fee paying discussion).


Just discuss set sensible limits and hope all your upbring has resulted in a bit thrift!!
ie £10 phone contract not £30
Good luck indeed!

 

[fossyant]

There are student flats in Manchester that cost £500 plus per month......

 

[gaz]

There are student flats in Manchester that cost £500 plus per month......

You will always get some rich boy living in a nice place at uni..

 

[dan_bo]

There are student flats in Manchester that cost £500 plus per month......

Chuff me that's more than my mortgage!

 

[dellzeqq]

there are student rooms in London costing £1000 a month. They're building tower blocks of them.

The Kid will stay at home, be given a travel card, not have to buy groceries, have her books bought, and get an allowance. I think Susie discussed the amount with ILB, and I seem to remember him wrestling for control of his eyebrows.

In my first term at university, back in 1988, I had £220 for the eleven weeks. Ten pounds a week went for rent - the room didn't have a window, so I got a deal. The rest went on big bags of rice and dried peas, and a large bottle of soy sauce costing 65p. I bought oranges from the market at the end of the day, and made them last a week. Bread was a luxury - peanut butter a dream. The 50 mile trip back to the family home had to be done by bike or not at all.

note: books cost me £750 that term

 

[montage]

£750 for books..... did you buy the copyright rights to them as well or something?!

 

[Speicher]

£750 for books..... did you buy the copyright rights to them as well or something?!

No, I expect he used them as the foundations for a building design.

 

[wafflycat]

£750 for books..... did you buy the copyright rights to them as well or something?!

Actually, the amount doesn't surprise me as academic books are horribly expensive. Back in the dim recesses of time, when I went to uni, most of my grant went on books. Items relating to study came before the purchase of clothes, going out, etc. And most of that was the cost of books.

On the plus side, my cost of travel was reimbursed by the LEA, as I could claim the cost of a bus pass on top of getting the 'living at home' grant. The grant was substantially lower than the full student grant so I had to get myself a Saturday/holiday time job to earn some dosh. The positive was that at least this was before the days of havng to have a student loan and pay tuition fees.

 

[e-rider]

You will always get some rich boy living in a nice place at uni..

one? - most/just about all of the students at the top Unis are rich kids!

 

[e-rider]

FWIW, for those who've got this to come, tuition fees for my sons uni are about 4k a year and 1st year in halls of residence is about 2k. I asked for the max loan available and because of my low income /pension I seem to have ended up with approx 7k, £3k of which is a non repayable grant much to my surprise.
This is my fourth to go and like many of you have suggested its a bloody sight tougher than it was even 10 years ago when my other son went. I can just see the queue at all the local pubs to get part time jobs.......

No, few students work part time jobs. Probably less than 20% on average.

 

[Eoin Rua]

I do alright for about 10 weeks after getting my loan (edit: even with a part time job, which I try and fit around training and uni) then I really struggle, then my parents are awesome as they'll help me out - really hate asking them for money though. Rent costs a fortune, and food is getting ridiculously expensive too - I'm a lightweight rower so it's not as if I'm eating like a horse!

Strangely, in my first year of uni when I drank moderately I seemed to do alright with money, no that I don't drink I seem to be skint all the time, what's the deal with that? Had to put plans for a new bike on hold, need to prioritise! Bracing myself for debt

 

[redddraggon]

FWIW, for those who've got this to come, tuition fees for my sons uni are about 4k a year and 1st year in halls of residence is about 2k. I asked for the max loan available and because of my low income /pension I seem to have ended up with approx 7k, £3k of which is a non repayable grant much to my surprise.

I don't get it....you have to pay tuition fees, but get a grant? I got no grant, but the LEA paid my tuition (which in my experience is the way it normally works).

And £2k accommodation is really cheap, that's about half of the cheapest Manchester University halls of residence. I had to pay loads more than that 5 years ago when I was a first year.

I was in the TA when I was an undergrad, and I spent the third year on an industrial placement, so I never struggled for money, and I didn't get much money off my parents - I think got about whatever the train fare costed me everytime I went home.

I'm still at uni now, fully funded PhD and part time staff, so I get to live the high life now

 

[Becs]

I think a student overdraft +/- a student credit card then paying it off with working during the holidays is the way to go. Unless they do university level sport or something similarly time consuming there should be plenty of time for part time work, at least in the first two years. I managed 3 or 4 bar shifts a week which helped . . . . that said I ended up £30k in debt, but I did a 6 year course that required me to spend all my holidays doing unpaid work experience!

By the way if any of your kids express an interest in vet school tell them to be dentists!

 

[gaz]

I don't get it....you have to pay tuition fees, but get a grant? I got no grant, but the LEA paid my tuition (which in my experience is the way it normally works).

And £2k accommodation is really cheap, that's about half of the cheapest Manchester University halls of residence. I had to pay loads more than that 5 years ago when I was a first year.

I was in the TA when I was an undergrad, and I spent the third year on an industrial placement, so I never struggled for money, and I didn't get much money off my parents - I think got about whatever the train fare costed me everytime I went home.

I'm still at uni now, fully funded PhD and part time staff, so I get to live the high life now

The costing changed a few years ago. i think you would have been in the last year when you didn't have to pay your tuition fees. Now you have to pay tuition fees and living costs. grants are provided to students form family incomes under £40k and loans are provided to all students who apply for them.