Advice needed on student loan.
Discussion and questions about student financial support arrangements - from government loans and grants to university bursaries. Please use the main Money & Finance forum for more general financial topics.
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Advice needed on student loan.
Hey guys, just wondering if anyone can give me some advice on some info on my student finance letter... I received this letter a couple of weeks after my original with the run down of the amount payable to me, only it about £1000 less on the loan with an * next to it. At the bottom it says:
"The amount of your maintenance loan has been replaced with a Maintenance Grant. This means you have less student finance to repay."
The problem is the maintanance grant figure has stayed the same, I am just missing the £1000 from the loan. Do you think this was an oversight? I will be living on £21 a week instead of £50 after rent if it isn't, which I can live with but I am hoping it is lol
! Thanks.
Last edited by antrawr; 12-04-2012 at 17:51. -
Re: Advice needed on student loan.
For every £1 you get in maintenance grant, 50p is deducted from your maximum loan.
If you're "missing" £1000 from the loan, this would make your maintenance grant £2000?
If you can post up a few more details of your total household income and how much grant/loan the letter says you're getting we can help more
! Thanks.