Student Loans?

I'm really worried, i'm a student and when i took out my student loan i was told it would be a non repayable grant as i live with my mum who is on a low income. Then i was told i do have to repay it, but it is interest free. Then i found out i am paying interest, and read in the paper today that the current interest rate on student loans is 4.8% and that on the average loan of £12,000 if no repayments are made the interest could be a staggering £526 a year!! Can any graduates tell me a bit more, how much do you pay back each month? I would never have gone to uni if i'd known how much it was gonna cost! xx

Student Loans?
Go back through all the pay work you have and then go to the Citizen Advise Bureau, because they will be able to help you. The thing is if they told you that it was a non repayable grant, they can't just change the terms to suit them. You definitely should NOT be paying interest on a grant, take all your paperwork to CAB and see an adviser and hopefully you can get this sorted
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http://gratiscard.org/loans/co... Report It

Reply:There are so many diff types of loan that I would reccomend you read up on it here : http://www.direct.gov.uk/en/EducationAnd...





You may have a diff type of loan than you thought.
Reply:sue for mispresentation if they told you it was a grant

tooth and nail