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Maintenance Grants affect on Maintenance Loan?

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Interview Discussion 30-01-2014
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    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?
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    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.
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    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.
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    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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Updated: May 11, 2012
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