5 ms·

Cambridge at the very least provides reasonably affordable accommodation for all years of your undergraduate degree. And some colleges provide accommodation for

by ratorx 5y ago

Cambridge at the very least provides reasonably affordable accommodation for all years of your undergraduate degree. And some colleges provide accommodation for Masters and PhD students as well. The UK student loan is not perfect, but it does include a living stipend (which is family income based). Obviously it sucks to have to take a loan, but working is not a necessity (until after graduation). I’m not sure how reasonable the living stipend amounts are, but Cambridge is definitely reasonably affordable if you go out of the way for groceries etc. It’s a bit more expensive from a nightlife perspective, but again, college bars tend to have fairly cheap drinks.

dogma1138 5y ago
The loans aren’t great if you are a student not living with their parents and studying outside of London if your parents have a household has a combined income of £45,000 you will be eligible for only £6000 p/a grant. If we take a £80,000 combined household income which won’t go that far in London especially if the family has more than one child and still paying for a mortgage or what is becoming more and more common these days rent. And while 80K is more than double the median household income this literally can be the salary of say two teachers or police officers with some seniority then you are only eligible for £4000. For Cambridge last time I checked student accommodations cost £150-200 p/w at the minimum. That more or less your loan gone on housing alone. The university itself requires the students to have £10,000 (well £9880) per year for living expenses this means that a family making £40K needs to add about £4K or 10% of their pre-tax income to their child’s education even with the stipend. It’s possible sure but many families simply can’t afford that. And more importantly because students are required to show proof of funds the parents would have to prove that they have that money ready and quite possibly for the entire duration of the degree if their income is too low for the uni to consider them to be able to afford support.
- deleted 5y ago
  [deleted]
- sgt101 5y ago
  I believe that the financial declaration is for post-graduate courses, and no proof is required for living costs.

by ratorx 5y ago

dogma1138 5y ago

The loans aren’t great if you are a student not living with their parents and studying outside of London if your parents have a household has a combined income of £45,000 you will be eligible for only £6000 p/a grant. If we take a £80,000 combined household income which won’t go that far in London especially if the family has more than one child and still paying for a mortgage or what is becoming more and more common these days rent. And while 80K is more than double the median household income this literally can be the salary of say two teachers or police officers with some seniority then you are only eligible for £4000. For Cambridge last time I checked student accommodations cost £150-200 p/w at the minimum. That more or less your loan gone on housing alone. The university itself requires the students to have £10,000 (well £9880) per year for living expenses this means that a family making £40K needs to add about £4K or 10% of their pre-tax income to their child’s education even with the stipend. It’s possible sure but many families simply can’t afford that. And more importantly because students are required to show proof of funds the parents would have to prove that they have that money ready and quite possibly for the entire duration of the degree if their income is too low for the uni to consider them to be able to afford support.

deleted 5y ago
[deleted]
sgt101 5y ago
I believe that the financial declaration is for post-graduate courses, and no proof is required for living costs.