A student loan might be the only way of having enough money to pay for tuition and everyday expenses

A student loan might be the only way of having enough money to pay for tuition and everyday expenses

Student life can be financially challenging. You’re likely to have to pay tuition fees, and not every student can count on family support or receiving a grant. Student jobs can bring in extra income, but they might not pay enough to cover all expenses, especially when unforeseen circumstances like home repairs suddenly burn a hole in the budget. Read on to find out more about student finance, myths about student loans and why it may be useful for you to pay attention to your spending while still in university.

Graduation and credit reports

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Overspending and other forms of debt you acquire while still being in university can affect your ability to obtain credit after graduation. It helps to think about a credit report as your financial CV that illustrates your financial behaviour in the past. Continue reading “A student loan might be the only way of having enough money to pay for tuition and everyday expenses”

Don’t reduce pension contributions when on furlough

Don’t reduce pension contributions when on furlough

?2,500 per month limit

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During the Coronavirus outbreak, the government have said that they will subsidise employers’ costs to pay staff who are not working and are instead placed on “furlough”. The government subsidy is limited to 80% of the employee’s salary, or ?2,500 per month, whichever is the lower. To make sure this cap is applied to your calculations, tick the box.

For some people, although the amount they are getting paid has been reduced, their pension contributions are still calculated on their full salary. If this applies to you, tick this box and the calculator will use your full salary to work out the pension contributions to apply.

Tax Code

If you know your tax code, enter it here to get a more accurate calculation of the tax you will pay. Continue reading “Don’t reduce pension contributions when on furlough”

Cussen’s posting of Top Student Loan Providers

Cussen’s posting of Top Student Loan Providers

Each year, we receive so many inquiries from students who are unable to close the financial aid gap with federal student loans offered by their college and need to identify private sources of student loans to close the gap. While we advise students to seriously consider their college choice in light of their financial aid gap, we have developed this posting to some of the private student loan providers for students who remain committed to their current college choice, not matter the cost.

We are providing a reprint of Mark P. We are not providing an endorsement of any of the student loan providers listed on this page. We advise students to carefully and thoughtfully research each student loan provider; understand the terms and costs associated with each loan; and whether their loans can be forgiven or if they are entitled to any discounts or rebates.

Top Student Loan Providers

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Many students who borrow to pay for college make their way into the real world after graduation worried about being able to pay off their education loans. One of the best ways students and parents can minimize their loan obligations is to shop around for the best providers before they borrow. Continue reading “Cussen’s posting of Top Student Loan Providers”