The Student Room Group

Student Loan

Hey there guys I'm hoping someone could help me with my predicament.

Basically, my parents income is only £24,500. When I look on the student finance calculator, it says I am therefore eligable for a £3,497 maintenence loan. However, if my parents were to earn more I would be able to get a larger loan? Is this because I will get given a grant? If so how much and how do I apply?

My final question is - would I be able to apply for a larger loan as well as still get a grant/bursary? Because otherwise I am unsure as to how I am going to afford somewhere to live.
If your parents' income is as you say and you apply for an income assessed loan you will get a maintenenance loan of£3564 and a maintenance grant of £2906. You should also qualify for a university bursary. Rates differ from uni to uni
That's all you're entitled to.
Reply 2
How would I apply for the grant?

Thanks
Original post by OllieBrighton
How would I apply for the grant?

Thanks


You don't.
You apply for an income assessed loan.
Your folks provide proof of income and if you qualify you get a grant.

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