Renee Said:

Is there a certain level your GPA has to be at in order to qualify for student loans?

We Answered:

For Federal loans (Stafford and PLUS) you must maintain at least a C average.

Glen Said:

what funding can i get as a mature student?

We Answered:

You need to direct this question to your specific university's undergraduate admissions department. They should be able to help you instantly with additional funding they provide, for example hardhip loans, etc.

You should also contact the Student Support team at your local education authority and ask about applying for student loan, grant and tuition fees.

Basically funding will never cover the cost of university - only at best 50% and usually lower. So you would indeed need to work part time. Your rent may also be prohibitively expensive for student living so you'd need to consider moving into accomodation the university provides because that might be a cheaper option.

Wanda Said:

does a student loan provide money for mature students as well? Also do you get housing benefits?

We Answered:

A lot depends on where you live and what kind of courses you are taking. Some have additional grants etc. and you can usually get percentage off council tax etc amounts depend on whether or not you live with anyone else and what kind of income they have.

Try this website for further info:

http://www.thestudentroom.co.uk/wiki/Mat…

Marilyn Said:

Can i get a student loan at this late stage?

We Answered:

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Freddie Said:

Should I use student loans to invest in bonds?

We Answered:

depends on your credit if the interest rate on the student loans will be higher then the gain the the bonds.

Shawn Said:

How can a mature student get a student loan?

We Answered:

Hi, I'm doing a masters at the moment. And regardless of age there is no funding or loans available for postgraduate studies...believe me I've tried! I'd suggest you contact the university at which you will be studying, as they will have a few bursaries or scholarship funds available. I know at Newcastle University, I applied for a welcome bursary and hardship funds bursary, and got money that way. But the best way is to do a part-time job throughout your studies like the rest of us. Good Luck!

Lena Said:

Funding for Mature Students: Grants/ loans?

We Answered:

First off ignore the dodgey answers on here from people trying to take advantage and suck you into some dodgey loan, reputable companies wouldn't be on here!

I'm a mature student, in my first year so have just been through the process. So long as you haven't been to university before you will qualify for a loan for your tuition fees. You will never see this money as it goes straight to the uni. You can also apply for a maintenance loan which at the moment is about £5000. You can then also apply for a grant, if you are earning £20000 or less (which I assume you will be when at uni) then you will qualify for a full grant of around £3000 which doesn't have to be paid back, the grant available then decreases up to a £50000 threshold. This will be offset against the amount of maintenance loan you can apply for. Finally when you apply tick the box to say you want to share your information as then the universities can access it and calculate how much of their bursary you are entitled to. All universities have to offer some kind of bursary to students who are paying full tuition fees however it is up to them how much and the criteria they use so some are better than others. You won't start paying your loans back until you have finished and are earning £15000 or more, if you drop below this then you stop. They don't affect your credit rating and have a low interest. If you have been to uni before then you will have to pay your tuition fees. I went to uni for 2 years at 18 and dropped out so am having to use my maintenance loan to pay for my first year.

I work a lot too as well as my full time degree. You will be able to find work at uni, I have 4 part time jobs where I meet loads of other students and get loads of experience.

Don't forget that student finance is somewhat up in the air with the new governent so this may well all change!

Good luck and if you can then do it, you'll love it!!