Second student loan

Have any members experience with getting a second loan?

Didn't find your answer?

Hi all

Just wanting some real world help rather than the vagueness I'm getting from 'official sources' so far.  I went to University back in the early noughties and so had an 'old' loan which I have partly paid off (and could just about pay off the remainder if I wanted).

I would sorely like to go back to University to retrain, but I can't get a clear answer as to whether I can get a new loan.  I would assume I need to get rid of the old one before I can have a new one, but if I don't have to I'd rather not.  Has anyone done this and what did they do/have to do?

I am going to badger the student loan people some more for a straight answer, but thought I'd see if anyone had any experience.

Thanks all.

Replies (5)

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By WhichTyler
09th Oct 2018 11:57

Google is your friend

You’ll usually only get student finance if you’re doing your first higher education qualification - even if your previous course was self-funded. You may still be eligible for limited funding in certain circumstances.

https://www.gov.uk/student-finance/who-qualifies

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Replying to WhichTyler:
Quack
By Constantly Confused
09th Oct 2018 12:25

WhichTyler wrote:

Google is your friend

You’ll usually only get student finance if you’re doing your first higher education qualification - even if your previous course was self-funded. You may still be eligible for limited funding in certain circumstances.

https://www.gov.uk/student-finance/who-qualifies

I have no friends!

But thank you, how I managed to miss that goldmine of information I do not know...

So I MIGHT get finance (as my shortlist falls within 'healthcare') but I suppose I really do need the official answer on that, so I'll chug through the pages and see what the interactive process kicks out.

Thanks!

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paddle steamer
By DJKL
09th Oct 2018 12:33

Cannot speak for rest of UK but up here a further loan can be obtained but only for PG study not for a second "first" degree.

My daughter has just started an Msc and she is getting a loan re both the fees and living costs re this, in fact as I type she is occupying the office meeting room at work as she needed somewhere quiet to write her first significant piece of coursework- I better now go and check if she wants a lift home for lunch.

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Replying to DJKL:
Quack
By Constantly Confused
09th Oct 2018 15:47

DJKL wrote:

Cannot speak for rest of UK but up here a further loan can be obtained but only for PG study not for a second "first" degree.

My daughter has just started an Msc and she is getting a loan re both the fees and living costs re this, in fact as I type she is occupying the office meeting room at work as she needed somewhere quiet to write her first significant piece of coursework- I better now go and check if she wants a lift home for lunch.

Yeah I'm already degree'd up and my professional qualifications would make Masters and similar moot (if I weren't dead set on a change anyway), so it will be a whole new degree.

Better buy a lottery ticket methinks...

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By scorbett
17th Oct 2018 09:22

I had the old 'Mortgage Style' loan, and was able to obtain a new one to study for a PGCE with no issues.
Although it did mean at one point I was paying the new loan back through my wages, and the old loan back through DD.

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