Paying for your Edumacation

[BDC]

The tution fee loan doesn't work like that. The money is sent straight from the Student Loans Company to the university.

However, you can do this with the maintaince loan. Most of mine is in an ISA account.

Well yes, but a bank account with an extra £3k in it is better than one without that £3k because you used it to pay off fees in advance.

@sjakihata - they pay you to study?

Where do I sign up?

You can get an EMA here in the UK if you're 16, 17 or 18 and in college. Something like £30 a week, but only if your family earns below a certain amount. From my personal experience everyone who got it dropped out anyway after the first year (probably because no one in their family had much academic experience, so they had no idea how to work at alevel standard), or only got it because 'Daddy has good accountants'.

The government does this because Britain has a horribly large percentage of drop outs at 16. This was fine back in the day when all most people did was go work down the pits, but now we don't need unskilled labourers, so they are desperate to try and get people trained up to a useful standard. Not sure it's working too well. Also fairly dubious about the benefits of having half the population go to uni only to do a media studies degree.