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Im hoping someone can shed a little light and some personal experience with funding university.
I am in full time employment and am divorced. I pay CSA to my ex wife and we have joint custody. Historically the child benefit has always been paid to my ex. She recieves some tax credits as her job isnt fabulously well paid. One of the twins lives with me fulltime and has for the best part of a year. The other twin spends about 5/7 days and nights at my house.
Our twin daughters who are in yr 13 at senior school, so they are taking their A levels this June. They are already 18. They are currently attending interviews at universities for places on Child Nursing and Medicine respectively. Nursing will be a 3yr course and Medicine 5yr.
I live wih my partner who is in part time employment. Due to the breakdown of the relationship between the girls and their mother, i still pay the same CSA asi did when both girls were with me 50:50. This keeps the peace and prevents emotional blackmail of the girls.
We all live in Wales which i believe gives them an assembly assistance to their tuition fees i believe.
Do they automatically get a student loan to pay for tuition? How is accommodation funded? What do they live on and what part do I pay for? Im certainly not trying to shirk my responsibility but i need to budget and plan for the future and retirement.
If anyone can shed any experience then i would be really grateful.
Can't speak for Wales but in England my daughters costs break down into course fee (wholly funded by Student Finance England £9000 per year)
accommodation (this is means tested based on salary, initially she received £5442 this has been reduced by £1800 and I now have to fund this (the reason for this is that I was made redundant)
eating and clothing and student life costs (wholly funded by Mrs101 and myself)
Its not cheap at all, but if you think that the tuition fee is paid back over years and years that's less of a burden (at least in my mind it is) I think the costs are crazy but they aren't going to get changed any time soon.
She is enjoying her life in Nottingham as well and this is what makes me happy.
For nursing is it not paid for (tuition) and then they get a bursary to help with living expenses? (my eldest is a nurse but qualified a few years back so the situation may have changed).
She lived at home so it cost me very little on top of normal.
I am a Welsh Student Studying in wales and I receive grants for both tuition fees and maintenance from the Welsh Assembly. I believe fees will be just over £3000 a year instead of the £9000 English students pay. They will both need to apply through student finance wales and their loans will be means tested. As you and their mother are separated they may be entitled to greater grants/loans. I know this is the case for a lot of the people i study/live with at the moment.
Hope this helps.
db It has all changed. George has turned the nursing profession over and they are expected to fund working for the NHS themselves. Bursaries have gone and a nurse will leave with the same debt as a maths, science or media studies graduate. A bloody travesty and really short-sighted.
Can you tell I'm angry? Sandwich Jr graduated in LD nursing this year so it will only indirectly affect my family as we require the NHS in our dotage.
Its not cheap at all, but if you think that the tuition fee is paid back over years and years that's less of a burden (at least in my mind it is) I think the costs are crazy but they aren't going to get changed any time soon.
Was talking to the financial adviser about this - he says that the current system of tuition fees is a graduate tax in everything except name; even in medicine the 'loan' will not have been paid off by the time it's written off at 30y.
I used the following to help explain to parents I worked with:
[url= http://www.moneysavingexpert.com/students/student-loans-tuition-fees-changes ]Martin wozizname[/url]