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Informative Articles

Anatomy of an International Debt Collection Case
Introduction In late June of 2003, I received an e-mail from Daniel Harris, who introduced himself as maritime lawyer from Seattle. He had found me through the internet and was asking me whether I was interested in helping arrest transshipped...

Bad debt can really harm your credit history
While most people use the phrase "bad debt" to refer to a lot of debt, or just owing a lot of money, this phrase actually has a very specific use when it comes to financial issues. Bad debt in this case is a debt that cannot be collected. This...

Get Out of Debt with these simple tips
When it comes to debt, you definitely are not alone. Debt has become a way of life especially after major holidays where consumers rack up credit card debt. Here are simple ways you can keep out and stay out of debt. It involves disciple to...

What you need to know about debt negotiation on credit cards
Debt negotiation on credit cards is often referred to as credit card debt settlement. Whenever you make a credit card payment- or even pay your utility bills- it usually gets reported to one- or all- of the three main credit agencies. This...

Your Debt Checklist
A Debt Checklist is the only sensible way to organize and control your finances. Most people aren't actually aware quite how much debt they possess - in fact, a recent survey found that almost 75% of UK adults were up to £5000 out when asked to...

 
Dealing with your Student Debt


The UK used to have an excellent 'free' education system, on the premise that education its citizens made the whole country wealthier. That has now changed, and student loans are the norm, as in the USA. This, of course, means that the majority of students leave University with a gigantic financial millstone around their necks. Is there anything they can do about this? In the first place, let's see if we can reduce the amount of debt we run up during the course.
With an average debt of about £11K (over $20,000 USD!), the average graduate leaves higher education more indebted than their parents. There are some additional funding sources that may be able to help some students, and prevent them incurring such enormous debt in the first place. You 'Local Education authority' (LEA) may offer means tested help towards tuition fees. The means test examines your income and that of your parents unless you are classed as an 'independent student'. Apply to the LEA where you intend to live before the course starts. Some LEA's may also offer Student Loans against your living costs while you are at college. See www.nodebtever.com for a list of LEA contacts.
Extra Allowances. You may be entitled to a Disabled Student Allowance (DSA) which does NOT have to be repaid, and is intended to offset some of the additional costs you suffer because of your disability. Ask your LEA if you suffer from a recognized disability.
Got Kids? You are probably entitled to a Child Care Grant. Once again, consult your LEA. The principle is that you shouldn't be 'penalized' because you have children. If you are a single parent, you may even be able to get a 'Lone Parent' grant, which compensates you for being on your own with children as a student.
Come from a broken home? Try for a Care Leavers Grant. If you have no parents to stay with in the summer holidays, you may be able to claim up to £100 a week towards accommodation costs. Ask your LEA!
Once IN college, how do you keep your costs down? We'll look at that topic in the next article.

About The Author

Stu Collins is a drop out from University who now spends his time writing articles for www.nodebtever.com in an attempt to help other students not make the same mistakes he made. A bit like that bloke from 'Quantum leap', but without the timetravel.

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