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Am I getting the right amount of student finance??

Hi, just found a letter with some amounts about what I would be entitled to and they don't quite match what my grants and loans will be that student finance will give me.

I filled it all in with my parents income which is at an amount that would allow for maximum amounts and these are what it says i'm intitled to:

Tuition: £3375
Maintence Loan: £3580 (living away from home)
Maintence Grant: £2906

The thing that is concerning me is the letter says for the loan up £4950, can anyone tell me if the amounts i'll get are right? Is it to do with you cant have the maximum loan and grant?? Slightly confused :s-smilie:

Thanks!

Reply 1

Andy Ftw

Sounds right to me, I believe that is the full maximum loan + grant.

I'm not sure where the £4950 is from, although if you are planning on a london uni then you are entilted to a greater mantaince loan, which could be where this figure came from? I assume you aren't going to a london uni.

Reply 2

Kieren Doodle

i was just going to say it differs if you are going to a university in london soo. if you have personal tutors check with them thats what i did =D

Reply 3

Gemini92

That looks right to me. I get the maximum and I get ~£6400 per year. If you get a maintenance grant then you lose 50p of the loan for every £1 of the grant you receive.

Reply 4

Naathan_b

Original post by Andy Ftw

The £4950 was on a sheet which the college gave me and on the same one says that for London its up to £6928 so I dont think its to do that :s-smilie:

Reply 5

Naathan_b

Original post by Gemini92

That looks right to me. I get the maximum and I get ~£6400 per year. If you get a maintenance grant then you lose 50p of the loan for every £1 of the grant you receive.