Loans...bad times! (Student Loans Co.)

Member Name: TomBlood

Product:	Student Loans Co.
Date:	18/05/09 (49 review reads)
Rating:

Advantages: Entitled to money

Disadvantages: System is complicated

Student loans, grants etc is a huge farse. The system is just so complicated! I started university sept 08, received the basic tuition loan and maintenance loan due to the government saying my parents earn enough to help me out. I cant get any grants through the university due to my parents earning enough. So for my first year i have lived off my mum and dad. But others have received extra loans and grants but have relatively the same background as myself. Between the date i applied for my loans and now, my parents have struggled with cash due to the credit crunch, but does this mean im entitled more next year to help me out?!?! Ok i agree that people who's parents cannot afford to help them out, are entitled to any money to help them, but i believe the system is abused.

Everything is so complicated also! Since i started uni there was a system in place where you apply through you local authority. Now you have to apply through the loan company. But because im changing my course and applying for funding next year, who do i go to?!?! After months of ringing around, people past me from one person to another. Not only are students confused but people within the system are also!

Summary: The infrastructure needs to be addressed before students/parents become confused and frustrated