Money management problems/debt

It took my son many years to get to university but with the right support he got there. 

He has spent all of his student loan and now can't pay his rent, and his housemates are annoyed with him. His dad is in hospital and he's really struggling, he also has other health problems

We applied for a Hardship fund with the university but they rejected it because he had enough money from his student loan, but that is gone now. He also has loan sharks which is scary and making the problem worse.  I don't think they've taken into consideration his needs and what that means for money management.

We are appealing it. I was wondering if there's any information we could put on the application to help win an appeal.

Thanks,

Michelle 

Parents
  • I think it's a national disgrace that education is so costly. I sympathise with your son's struggles. Universities are corrupt when it comes to funding, and the student loans company should be disbanded. Education should be free or provided at minimal cost.

Reply
  • I think it's a national disgrace that education is so costly. I sympathise with your son's struggles. Universities are corrupt when it comes to funding, and the student loans company should be disbanded. Education should be free or provided at minimal cost.

Children
  • there are definitely issues around the edges, but the fact remains that the average private financial returns to a university degree are high. so the government (joe public) fully funding degrees then means that people who on very low incomes are contributing - through taxes - to the funding of people that will go on to earn a vastly higher salary. So, there is an equity case for tuition fees, to reflect this.

    to give a stark example: why should a toilet cleaner help fund the degree of someone studying PPE at Oxford who will go on to be Prime Minister, or become an investment banker and earn £2 million per year. that is what happens when a system is fully funded by the taxpayer.