Extra money for London students?

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gringalet
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#1
Report Thread starter 15 years ago
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Did I read somewhere that London students (as in those who are studying in London) get extra loans for London living, or did I just make that up?

I'm from the Isle of Man (yes, no jokes, please!), though, and we get all our fees paid for us by our government, so I'm not sure if this applies to us...I don't suppose anyone else knows? Yag yag.

Thinking of King's, you see! Looks like such a good course, but I am a bit worried about money.
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pkonline
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Report 15 years ago
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If you're a student going to London then the maximum loan from the SLC is about £1000 more. Not sure what the situation with the Isle of Man is though .
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Vyse
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Help towards your living costs will come mainly from student loans. These are not commercial loans that are offered by high street banks. They are very cheap loans. The rate at which you repay your loan is directly linked to your income once you have graduated.

The maximum loans available in 2004/05 are £5,050 for students living away from home and studying in London; £4,095 for students living away from home and studying outside London and £3,240 for students living at home.

75% of the maximum loan is available to all eligible students regardless of any other income they have. Whether you can get any or all of the remaining 25% depends on your income and that of your family. As a general guide, if you do not pay fees, you will be able to get the maximum loan.

http://www.ucas.ac.uk/getting/money/eng.html
Yes, you do get an increased loan studying in London (although it doesn't seem proportional to the increased living costs )

Hope this helps.
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ickle_katy
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my mate is from this isle of man...and you'r not intitled to a student loan.

your counted as an "international" student...but your government pays the fees {if your rents dont earn too much}

so sorry, but your going to have to find your accomodation money from somewhere else.

love Katy ***
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gringalet
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Report Thread starter 15 years ago
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Arsing hell.

Thanks anyway!
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