Another loan question!Watch
OK, sorry to ask another loan type question but i'm just trying to fill in the forms and i'm getting confused! So, i live with parents at the mo but will be living at uni from Sept. Parents earn over the £31,000 thingy so we will have to pay full tuition fees. If I apply for income assesed loan, i will get no help with fees and a loan of probably £3,070. But what if i apply for non income assesed? I understand we will have to pay full fees but how much of the loan would i get? The full £4,000-something or still just the 75% amount which is £3070? confusion! I tried the online calculator thingy but it told me i'd get £3070 either way, i tried it both with and without parents income. Can't work out which is best! Plus the non-income assesed deadline is tomorrow so the pressure is on!! hehe. Thanks!
But it is only the amount that is over this threshold that goes against you in the 25 % of the loan that is income assessed, so you may receive £3900 or so (assuming not going Uni in London), upto a maximum of £4095.
If you go non-income assessed, you'll recieve no help with tuition fees, and limit your self to the 75 % of a student loan that isn't income varying; ie £3070.