Maintenance Grants affect on Maintenance 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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  1. masterhr1's Avatar
    • Respected Member
    • Posts: 179
    Maintenance Grants affect on Maintenance Loan?
    I'm entitled to maintenance grant but that means that my maintenance loan has gone down by quite a bit. How much should it go down by? Is there anyway you could still get the maximum loan while getting the grant?
  2. 22KT22's Avatar
    • TSR Demigod
    • Location: My Room!
    • Posts: 5,621
    Re: Maintenance Grants affect on Maintenance Loan?
    The grant is money you don't pay back and therefore it takes place of some of the loan so you still get the same amount but don't have to pay as much money back once you graduate so now you will not maximum loan and the grant.
  3. Shani's Avatar
    • Overlord in Training
    • Location: North Wales
    • Posts: 2,029
    Re: Maintenance Grants affect on Maintenance Loan?
    For every £1 you get in maintenance grant 50p is deducted from the maximum loan. There is no way you can get both full grant and maximum loan.
  4. MehMachine's Avatar
    • Full Member
    • Posts: 84
    Re: Maintenance Grants affect on Maintenance Loan?
    Basically your finance goes up in value depending on your income to a maximum ceiling of about £7,125 Per Year (combination of loan and grant).

    Meh,
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