Maintenance Loan

Announcements Posted on
    • Thread Starter
    Online

    2
    ReputationRep:
    Between them, my parents earn approximately £70,000. Under current rules, the government assumes that this means my parents are financially able to provide monetary support to me if I were to go to University. Today I sent off my applications for a degree in the 2017/18 academic year, and when taking into consideration my parents earnings, the maximum maintenance loan I would be eligible for would be slightly over £4,000, nowhere near what the annual cost of rent will be for student accommodation. Despite my parents earning a "good" wage, they are not financially able to support me, or anyone else that matter for years at University, due to a number of setbacks over the last couple of decades that now means they have extortionate monthly payments on their mortgage. This is further complicated by the fact that my Dad is due to retire in between 2 and 3 years. Is anything taken into consideration with the maintenance loan to acknowledge where parents aren't in positions to support their son or daughter through University?

    My second question is that I am 23, and have financially supported myself for the past 6 years whilst still living at home with my parents. Does this make me an independent student, having supported myself for at least the last 3 years, or am I still seen as a dependent student?
    Offline

    3
    ReputationRep:
    Nothing like debts is taken account, aside from whether you have siblings at uni.

    If you have been self supporting for at least the last 3 years, then you can be classed as independent.
    • Thread Starter
    Online

    2
    ReputationRep:
    (Original post by Tiger Rag)
    Nothing like debts is taken account, aside from whether you have siblings at uni.

    If you have been self supporting for at least the last 3 years, then you can be classed as independent.
    Thanks for the reply Tiger. So even though i still live with Mum and Dad, because ive financially provided myself for more than the past 3 years i am classed as independent. Does that mean that my parents salaries arent a factor with a maintenance loan?
    Offline

    1
    ReputationRep:
    (Original post by BradPennick)
    Thanks for the reply Tiger. So even though i still live with Mum and Dad, because ive financially provided myself for more than the past 3 years i am classed as independent. Does that mean that my parents salaries arent a factor with a maintenance loan?
    Hi,

    If you are classed as independent then no we would not take into account your parents income.

    Thanks.
    • Thread Starter
    Online

    2
    ReputationRep:
    Thanks very much for the response Erin

    Posted from TSR Mobile
 
 
 
Write a reply… Reply
Submit reply

Register

Thanks for posting! You just need to create an account in order to submit the post
  1. this can't be left blank
    that username has been taken, please choose another Forgotten your password?
  2. this can't be left blank
    this email is already registered. Forgotten your password?
  3. this can't be left blank

    6 characters or longer with both numbers and letters is safer

  4. this can't be left empty
    your full birthday is required
  1. Oops, you need to agree to our Ts&Cs to register
  2. Slide to join now Processing…

Updated: September 22, 2016
TSR Support Team
Today on TSR
Poll
How are you feeling about doing A-levels?
Useful resources

Groups associated with this forum:

View associated groups
Study resources

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Quick reply
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.