Maintenance Loan

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Nakama
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#1
Report Thread starter 7 years ago
#1
Hello, it never really occurred to me in the past around the time I got my Student Finance entitlement summary but now it's currently stressing me out this past week.

How is the maintenance loan actually paid? And when does it typically arrive?

It's a vague question and I understand that it gets paid in 3 installments for each term but what is the actual percentage? I've been researching this week and I've only managed to find the percentages for the tuition fee loan which is: 25%|25%|50% (found in a guide)

I really would like to know more about the percentages so I can plan out how I will pay for accommodation costs and budgeting with the spare money.

Thanks for any replies.
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CamzBarber
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#2
Report 7 years ago
#2
I'd like to know this too!
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Tiger Rag
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#3
Report 7 years ago
#3
It's 33% / 33% / 34% for the maintenance loan.

Once you've applied and have your award notice, it tells you how much you're going to receive each term. For terms 1 & 2, it's the same amount with a bit more in term 3.

It's paid into your bank account, in the same way it would be if you were receiving wages, etc. Your attendance has to be confirmed first. It then takes 3 days from then for the money to arrive in your account.
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