How much student loan are you getting?

Ah, but the beauty of your course is your industrial placement! I've saved something like 3-3.5k this year, and that's earning minimum wage.

Oh please, £55k is not comfortable? I swear people on TSR need a reality check.

There are four people in my family on a household income of £15,000 (and no, we don't live in a council house and we're not in receipt of any benefits). That means no holidays, no cars, lots of second hand furniture/school uniforms, freeview TV, no pets, no pocket money when we growing up, no mobile phones or computers which we didn't pay for ourselves, no visiting family that lived beyond a bus ride away. And the thing is, there are millions of people who are far worse off than we were. And you think you deserve the same financial support as me?

Okay well this is worrying. I've got no grant and the accommodation is something like 4,000 and I'm getting a loan of 3,400....

The system really is stupid. I'll be going uni this September after having worked in my apprenticeship where I earned a decent wage (for an apprenticeship) and I still live with my parents and have no debts. I also worked a second part time job. Because I'm 25 now they only take my income into account which means I am getting the full loan and grant as well bursaries from the uni. I wouldn't have got anything if my parents income was considered. This is all fine but...

The system doesnt take it account the fact I have saved around £20000 in an ISA, drive an RS Clio worth about £12000 and have absolutely no responsibilities. Now I'm not bragging, I was fully expecting to have to dip into my savings and get rid of my car when I went uni. However there's no point as with the ridiculous amount of "support" I'll receive there's no point. So with grants and bursaries that don't need to be paid back amounting to over around £20000 I'm gonna have more money that I know what to do with. There's no point turning it down but it's totally not fair how I have been given all this when I am fully capable of funding it myself. Oh well that's my ISA allowance and house deposit sorted I guess.

Meanwhile I have friends who got the minimum loan/grant who's parents wouldn't/couldn't support them have to move back home because they couldn't afford uni. Absolutely ridiculous.

Wow no maintenance Loan or Grant? How come?

Maintenance Loan: 3613
Maintenance Grant: 3106
Bursaries: 2000
Scholarships: 0
Savings: 0
Money from Parents: 0/Very little

Accommodation Cost: 6160 (44 week contract- gas/electric/water/internet/laundry services all included)
Weekly spend after Accommodation: 26 (this is also after paying off my overdraft from last year which is currently 1400)(OR 12.70 after I've paid for an annual travel-card and books which I already know will cost 300, and that is including second-hand books!!! Chemistry books are just REALLL expensive!!!)(OR 11 if you take off my 5 a month mobile bill)

I already know I will be going deep into my overdraft this year as it's my final year which is the most
expensive. What also sucks is how the loan is split throughout the year, the smallest amounts are paid in the first two terms and usually in the last term is when you get the biggest chunk of your loan. Good for lasting the summer but crap as the first term of uni is always the most expensive. You pay for things in first term such as books, travel-cards, gym/society memberships etc that you don't need to pay for in the other terms. My accommodation is also asking for the first payment a month before I receive my loan, so when the day comes that I DO receive my loan, it will in fact just be paying off overdraft and until January I will be living off overdraft again.

I'm also from a "poor" family who has no money boohoohoo however even with the loans and bursaries I'm receiving, which seem to be the maximum I'm entitled to, I'm still struggling to pay for things.
Another problem I'm finding is that this year I'm receiving less loan/grant than I did in the first and second year, this year being based on my parents' income from 2012/13 (I think?) which has changed very little, probably only by a few hundred pounds, so I don't understand why my loan/grant has been cut massively. Also this year one of my parents is out of work due to illness and so their income for this year will be worlds apart from what it was in 2012/13 when I started uni, therefore I won't be expecting any handouts from parents this year, as they'll be living off one person's income and also supporting another child.

Of course I'm hoping to find a job to help with my funds, however as I'm in my final and most important year, I'm worried that I'll spend too much time either studying or working that I'll just burn out and it will do me more harm than good and have an effect on my grades.

And they say students have it easy

Another problem I'm finding is that this year I'm receiving less loan/grant than I did in the first and second year, this year being based on my parents' income from 2012/13 (I think?) which has changed very little, probably only by a few hundred pounds, so I don't understand why my loan/grant has been cut massively.

If you're going into final year usually you get less student financial support since you don't get paid for the summer because technically you won't be a student anymore by that time comes around.

If you're going into final year usually you get less student financial support since you don't get paid for the summer because technically you won't be a student anymore by that time comes around.

They reduce the amount they give you for your last year as for the other years it is supposed to last you through the summer holidays (hence giving the largest amount in the third instalment) but for your final year, they expect you to go out and find work so don't cover the summer holidays.

Not set one yet? It's generally the remaining money divided by contact length.

Not set one yet? It's generally the remaining money divided by contact length.

It just a uni accommodation term length, I think its like 42-weeks? So I guess 10100/42 = 240-ish

That would be the maximum spendable per week to completely run out of money 0 but no one spends that much realistically per week.
Like I said mine is 151 per week but realistically i'll only be spending 20-30

Wow nice you got some spending money



Well yeah but the point of the thread was too find out the maximum you can spend weekly. But I guess it would've been better if I added an option to ask how much of the maximum you were going to spend a week. And only 20-30? What you going to do with the remaining 131-121? Well it's obvious your going to save it, but for what?