Hi. I've applied for university - beginning September 2016. I'm just at the minute applying for student finance after booking my accommodation. My accommodation is £116 a week and right now I've started to really worrying in terms of how exactly I am going to pay that. I've been informed that my rent will be taken out in 4 installments, totaling up at £5104 a year. I come from a low income family of around only £11000 a year so I will probably be entitled to the highest maintenance loan of £3,387 BUT I'm really concerned at how with only receiving this and my parents being unable to financially support me, how will I afford to 1. pay my rent and 2. afford food etc?!?
A breakdown of my rent coming out are as follows -
£510.40 26 August 2016
£1531.20 28 September 2016
£2041.60 19 January 2017
£1020.80 13 April 2017
How much on average do people receive a term from loans? Will I ever be able to afford all this?
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