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.
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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.
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.
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.