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money question- for people at uni
Former Member
Posts: 1,876,323 The Mix Honorary Guru
i'm going to uni in september and luckily, because i have no brothers or sisters, my parents are going to pay for my living expenses so i don't have to get a loan (ill get one for the fees though). they're going to give me money each week, just wondering how much people usually get from a loan or how much they need/manage to live on?
Post edited by JustV on
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Do you mean an amount to live on after rent? Will you need a bus pass? Taking a TV? (TV licence?)
Are you considering getting a job as well?
what is an ISA? i'm not going to take out a loan as i don't really need to so it would be pointless debt!
yes i do mean amount to live on after rent- probably won't take a tv, won't need a bus pass.
just wondering what most people need per week? (food, going out etc)
yep i'll probably get a part time job
An ISA is a type of savings. The idea of it is a student loan only has interest linked to the rate of inflation. If you take out student loan regardless of whether you need it or not, put in account with a higher interest rate than on student loan (not hard) and make interest on it. When you graduate, pay back loan, keep interest, have made money. Voila!
I spent quite a bit on going out and clothes. Average food bill was £30 per week.
I'm first year at manchester uni at the moment, self catering. I try to keep shopping to £20 a week but u'll be surprised how easily you can spend lots more going out, especially in the cities. It does help tho that places like manchester are cheap.
wow i never thought of gaining interest on it, it seems quite obvious now! will probably do that!