Do I Really Need A Maintanance Loan?

So I am intending to live at home for uni however I am pretty sure that I am gonna get a part time job or my parents might help me financially.

Should I still apply for some money just in case or can I apply for more once I start uni.

Reply 1

999tigger

If they offer you one take it. You dont have to use it. You could lose your job or might wnat to ditch it at exam times.

Reply 2

KaylaB

You can always donate it to me if you don't want it :colone:

Reply 3

Guls

Original post by KaylaB

You can always donate it to me if you don't want it :colone:

sorry I promised to invest in this Nigerian Prince I met in McDonalds.

Reply 4

KaylaB

Original post by Guls

sorry I promised to invest in this Nigerian Prince I met in McDonalds.

Yeah that's my mate Ahmed, I'll give it to him for you :wink:

Reply 5

AJ KO

How are you entitled to a maintenance loan if you're going to be living at home anyway?

Reply 6

Guls

Original post by KaylaB

Yeah that's my mate Ahmed, I'll give it to him for you :wink:

Though he was called Olantunjinati?

Reply 7

KaylaB

Original post by Guls

Though he was called Olantunjinati?

That's his nickname

Reply 8

Guls

Original post by KaylaB

That's his nickname

Lol. I'm confused but how do you know him?

Reply 9

KaylaB

Original post by Guls

Lol. I'm confused but how do you know him?

We're old schoolmates, we used to call him 'Olantunjinati the LAD'

Reply 10

Guls

Original post by KaylaB

We're old schoolmates, we used to call him 'Olantunjinati the LAD'

Wow thats actually true. He also told me about a 'KaylaB' that always used to tell lies. Do you know who that might be, KaylaB?

Reply 11

KaylaB

Original post by Guls

Wow thats actually true. He also told me about a 'KaylaB' that always used to tell lies. Do you know who that might be, KaylaB?

There was this old skank with that name when we were at school, so it might be her. It's a pretty common name anyway, so who knows :dontknow:

Reply 12

Tiger Rag

Original post by AJ KO

How are you entitled to a maintenance loan if you're going to be living at home anyway?

All students, subject to the usual criteria, are entitled to a maintenance loan whether they live at home or elsewhere in the UK.

OP - I'd take it. You may wiah to move out (as some students do) in your second year and may need the money for deposit on a house, etc.

Reply 13

Guls

Original post by KaylaB

There was this old skank with that name when we were at school, so it might be her. It's a pretty common name anyway, so who knows :dontknow:

lol whats a skank?

Reply 14

Guls

Original post by Tiger Rag

Thanks. Any recommendation to how much?

Reply 15

JoeTSR

Take it, take as much as you can, then put it into something that'll generate interest.

Reply 16

Guls

Original post by JoeTSR

Take it, take as much as you can, then put it into something that'll generate interest.

Nice.

Reply 17

Devilsadvocate2

Odds are you won't have to pay it all back, and if you do, it won't be much more than you borrowed taking inflation into account.

If you put it in an investment fund you could easily make more interest than the government will charge you for the loan.