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    Okey dokey, I have no relatives in my family or any friends that are actually going to uni so I have no one to ask questions too. I have been approved a maintenance loan of £10,700 and I want to know if you think this would be enough to live on and pay accommodation costs at Uni? (bearing in mind I'm going to uni in London)

    And I hear that it will be payed in three installments through out the school year? Is that true?

    Thanks for any input guys, I really appreciate it!
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    It's the maximum you can get. Have you checked how much your rent is likely to be? And yes, it's paid in 3 installments.
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    Its usually paid every term, three terms in a year, its only paid when you actually start uni, not freshers week so good luck!
    You'll have to see how much your accommodation is overall and how much you will have left, then divide that by how many weeks you'll be living in and that will be how much you'll have per week.
    I worked out that I'll be having about 44 quid a week but with my job I'll have about 90 a week
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    (Original post by DidiDana)
    Okey dokey, I have no relatives in my family or any friends that are actually going to uni so I have no one to ask questions too. I have been approved a maintenance loan of £10,700 and I want to know if you think this would be enough to live on and pay accommodation costs at Uni? (bearing in mind I'm going to uni in London)

    And I hear that it will be payed in three installments through out the school year? Is that true?

    Thanks for any input guys, I really appreciate it!
    Whether it's enough depends on how you spend it. If you go for the best accommodation in your first year, and a studio flat for the remaining years, it won't be enough; you'd probably struggle to eat. But if you create a budget and choose appropriate accommodation (you may have to live without an en-suite, for example), it should be fine.

    And yes, it'll arrive in three instalments. You won't get the first instalment until you've registered at the uni in September though.
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    (Original post by doctorwhofan98)
    Whether it's enough depends on how you spend it. If you go for the best accommodation in your first year, and a studio flat for the remaining years, it won't be enough; you'd probably struggle to eat. But if you create a budget and choose appropriate accommodation (you may have to live without an en-suite, for example), it should be fine.

    And yes, it'll arrive in three instalments. You won't get the first instalment until you've registered at the uni in September though.
    Wow, thank you. You've really lifted a weight from my mind. And I wasn't planning on living in a castle for the duration of uni so as you said I should be fine. Thank you
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    (Original post by Tiger Rag)
    It's the maximum you can get. Have you checked how much your rent is likely to be? And yes, it's paid in 3 installments.
    Yes, its likely to be £137 a week give or take a couple of pence
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    (Original post by RhianNicoleM)
    Its usually paid every term, three terms in a year, its only paid when you actually start uni, not freshers week so good luck!
    You'll have to see how much your accommodation is overall and how much you will have left, then divide that by how many weeks you'll be living in and that will be how much you'll have per week.
    I worked out that I'll be having about 44 quid a week but with my job I'll have about 90 a week
    Okay, thank you so much for your advice. I'll definitely do what you said to work out my budget. Very useful, thanks
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    (Original post by DidiDana)
    Yes, its likely to be £137 a week give or take a couple of pence
    So if you're accommodation is costing you £137 a week, that's £5754 for a 42 week contract (Which is the average), then from your loan you'll have £4946 left, over 42 weeks that's £177.77 a week
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    (Original post by RhianNicoleM)
    So if you're accommodation is costing you £137 a week, that's £5754 for a 42 week contract (Which is the average), then from your loan you'll have £4946 left, over 42 weeks that's £177.77 a week
    Oh wow, thank you. Thats so nice of you to work that out for me, I really appreciate it, and I was just about to let loose my calculator too! Thanks again, you've really helped destress me
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    (Original post by DidiDana)
    Oh wow, thank you. Thats so nice of you to work that out for me, I really appreciate it, and I was just about to let loose my calculator too! Thanks again, you've really helped destress me
    It's okay don't worry, I'm up North so 90 a week for me is about right, but I'm not sure about London, though 177 seems reasonable enough!
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    (Original post by RhianNicoleM)
    It's okay don't worry, I'm up North so 90 a week for me is about right, but I'm not sure about London, though 177 seems reasonable enough!
    Oh cool, up North. Hope you're enjoying so far
    And yes, I think 177 would be more than enough for a week. I'll be sure to spend/budget wisely regardless though!
 
 
 
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