Dealing with Student Debt

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