Hey there! Sign in to join this conversationNew here? Join for free
    • Thread Starter
    Offline

    0
    ReputationRep:
    Ok well I'm going to Uni this sepember aged 23 after dropping/failing 4 years previous, completing 1 year of that failed degree.

    I estimate I'll have about 13-15k at the start of Uni in savings. I will almost certainly be getting the 3,354 maintenance grant + a 1k bursary from my University giving me almost 4.5k free money. I'll be getting a room in London at no more than £100ish a week leaving me with a monthly rent of £400-£500 max. I'll be working 15 hours a week part time giving me about £500 a month after tax. In essence my work should cover my rent. My family also live in London meaning I will always come home for food, washing etc.

    So should I take a maintenance loan? Is there any benefit? I don't want to tuck into my 15k savings but can it even get to that point with 4.5k to use in the year?
    Offline

    14
    ReputationRep:
    (Original post by bored.i.am)
    Ok well I'm going to Uni this sepember aged 23 after dropping/failing 4 years previous, completing 1 year of that failed degree.

    I estimate I'll have about 13-15k at the start of Uni in savings. I will almost certainly be getting the 3,354 maintenance grant + a 1k bursary from my University giving me almost 4.5k free money. I'll be getting a room in London at no more than £100ish a week leaving me with a monthly rent of £400-£500 max. I'll be working 15 hours a week part time giving me about £500 a month after tax. In essence my work should cover my rent. My family also live in London meaning I will always come home for food, washing etc.

    So should I take a maintenance loan? Is there any benefit? I don't want to tuck into my 15k savings but can it even get to that point with 4.5k to use in the year?
    You said you failed 4 previous years... did you study for 4 years in University?

    If this is the case, you won't get a tuition fee loan, or a maintenance grant.
    Offline

    7
    ReputationRep:
    (Original post by Knalchemist)
    You said you failed 4 previous years... did you study for 4 years in University?

    If this is the case, you won't get a tuition fee loan, or a maintenance grant.
    Surely he's saying that he did a year, 4 years ago and failed it. He is therefore entitled to full funding.
    • Thread Starter
    Offline

    0
    ReputationRep:
    (Original post by NHSFan)
    Surely he's saying that he did a year, 4 years ago and failed it. He is therefore entitled to full funding.
    Is correct ... I did 1 year and dropped out as I said in first post.
    Offline

    14
    ReputationRep:
    I was merely asking to clarify.
    • Thread Starter
    Offline

    0
    ReputationRep:
    okies. so what do you think anyways? take the loan or not?
    • TSR Support Team
    • Peer Support Volunteers
    • PS Reviewer
    Online

    20
    ReputationRep:
    TSR Support Team
    Peer Support Volunteers
    PS Reviewer
    You can take it out and/or stop receiving it any time you want, as far as I'm aware. You also don't have to take the full loan out.

    You could always try for the first month or so and see how you manage with just your own money and grants, and then determine whether it's worth getting any extra. How much you can live on just really depends what your lifestyle is and what you're used to, and also how much you're willing to compromise.
 
 
 
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • Poll
    Has a teacher ever helped you cheat?
    Applying to uni

    All the essentials

    The adventure begins mug

    Student life: what to expect

    What it's really like going to uni

    Graduates celebrate

    How to write a good personal statement

    Expert PS advice from the people who will read it

    Uni match

    Uni match

    Can't decide where to apply? Our tool will help you find the perfect course

    Two students working together

    A-Z of universities

    Read our guides to unis and colleges from around the UK

    A student working on a computer

    Personal statement help

    Use our tool to get your ideal PS quickly!

    Hands typing

    Degrees without fees

    Discover more about degree-level apprenticeships.

    A student looking down a microscope

    Planning open days

    Find upcoming open days and get advice on preparing.

    Help out other students

    These questions still need an answer

    Groups associated with this forum:

    View associated groups
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

    Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

    Write a reply...
    Reply
    Hide
    Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.