Hey, sorry guys, i know you must hear this all the time, but i really don't understand my finance form.. I just opened it up and i just can't understand it. maybe i'm expecting it to be more complicated than it really is? Basically, i just need to be able to work out my weekly budget etc from it, but i don't know what to include.
If i post all the different amounts for you would someone be able to help?
(Original post by Jozeesh)
Ok, here's all my maintenance loan bits and bobs..
Basic loan [non-income assessed] = £3385
Plus loan subject to income assessment = £1204
Less loan substituted for grant* = £761
Loan to be paid = £3828
Assembly Learning Grant = £761
I'm so confused
Your getting £3828 as a loan - that will be from the student loan compnay. They usually pay this in 3 payments - and you won't find out the actually amounts you get paid at a time until about 3 weeks before term starts.
And the grant is free money... i assume that is split into a payment per term...
Putting it simply - With the loan and bursary, minus the accommodation you have £2439 left. This is about £271 a month based on 9 months - average term time. this is plenty - i live on about £60-100 a month - so you will be fine. Obviously if you have expenses such as phone bills, electric, internet, gas.. you'll be spending more than i do. I have relatively cheap food tastes too!