Extra gap year?
Moderators: Section Moderators, Forum Moderators
-
- Posts: 3767
- Joined: Thu Dec 18, 2008 11:12 am
- Location: Berkshire
Re: Extra gap year?
Marylou, I'm not surprised we are all confused for this year. Are they ever going to declare the universities with the lower fees, or where these AAB places are ?
Dublin sounds like a nice idea, but I don't know how you get any loans for studying outside the UK
Dublin sounds like a nice idea, but I don't know how you get any loans for studying outside the UK
Re: Extra gap year?
Hi, just to throw another idea in ... If you think applying for deferred entry may disadvantage yr DD ( I have no idea as to whether it will or won't), how about applying for 2012 then when she has the unconditional offer asking if they will defer. I known this often happens and have never heard of a case when it has been refused. This would give her a chance to think further about whether or not she wants a 2nd gap year (probably gain 6 months plus decision time). Good luck whatever she decides.
Re: Extra gap year?
I'd just go for it in 2012. I don't see a gap year on low or no wages contributing more to the overall lifetime financial picture than qualifying one year earlier as a vet. I find that hard to understand mathematically, particularly as she has this year to earn as much dosh as possible. Babysitting and cleaning in posh houses - that's what I recommend.
Re: Extra gap year?
Oh and some tutoring too!
Re: Extra gap year?
In Yesterday's email, Martin had a section on "Don't pay your children's fees upfront"
You can find the article in the link below if you scroll down.
http://www.moneysavingexpert.com/latesttip/" onclick="window.open(this.href);return false;
You can find the article in the link below if you scroll down.
http://www.moneysavingexpert.com/latesttip/" onclick="window.open(this.href);return false;
Impossible is Nothing.
Re: Extra gap year?
Daughter I think you are right, and DH and I are going to attempt to take this approach with DD just to leave a few more options open. There should also be more clarity by next year as to whether there are going to be penalties for early redemption, so it could be a good move in the long run and allow for a more informed decision so that any money she does save for her studies could be put to most effective use.
Mystery - DD has a fortunate knack of landing jobs...she's a reliable babysitter, has a paper round and a regular weekend job teaching music and was recently "headhunted" for an hourly-paid data-entry job. I occasionally pay her to clear some of my business admin so that I can get on with more pressing stuff, and there are also plans afoot to start an Avon business....so no shortage of potential income, even without a regular 9 - 5 job. That wouldn't be any good anyway as she needs to allow for weekly blocks of work experience. I think that living at home she could save enough to cover a year's fees or at least cushion the inevitable shortfall in the maintenance loan.
Sherry, thanks for that link - I've followed it up. Much of the advice seems to be aimed at those pursuing 3-year courses and ending up not earning enough to pay off the loan. The difference in interest between a 3 and a 5-year course is quite significant though, and I (and others) have asked Martin to tweak his "ready reckoner" to include courses of more than 4 years. Our own calculations were based on the BBC website's calculator, so it would be nice to be able to make predictions with a bit more accuracy.
Mystery - DD has a fortunate knack of landing jobs...she's a reliable babysitter, has a paper round and a regular weekend job teaching music and was recently "headhunted" for an hourly-paid data-entry job. I occasionally pay her to clear some of my business admin so that I can get on with more pressing stuff, and there are also plans afoot to start an Avon business....so no shortage of potential income, even without a regular 9 - 5 job. That wouldn't be any good anyway as she needs to allow for weekly blocks of work experience. I think that living at home she could save enough to cover a year's fees or at least cushion the inevitable shortfall in the maintenance loan.
Sherry, thanks for that link - I've followed it up. Much of the advice seems to be aimed at those pursuing 3-year courses and ending up not earning enough to pay off the loan. The difference in interest between a 3 and a 5-year course is quite significant though, and I (and others) have asked Martin to tweak his "ready reckoner" to include courses of more than 4 years. Our own calculations were based on the BBC website's calculator, so it would be nice to be able to make predictions with a bit more accuracy.
Marylou