Regarding Maintenance Loans... Watch

username1776045
Badges: 0
Rep:
?
#1
Report Thread starter 2 years ago
#1
The amount of money the government will give you per year regarding living costs depends on the income of your parents. I'm talking about living by yourself rather than with your parents.

I was told that your parents are expected to provide financial support if their level of income meant that the loans alone aren't enough to provide decent housing (i.e. if they earn £65K/£70K, then the max possible loan you can take out would be around £3.5K per year, which wouldn't be enough to pay all your bills).

My question is what would happen if your parents earn that much, but they refuse to pay for your accommodation? Do you have to find suitable accommodation using only the £3.5K provided?
0
reply
IWMTom
Badges: 20
Rep:
?
#2
Report 2 years ago
#2
(Original post by Adzo)
The amount of money the government will give you per year regarding living costs depends on the income of your parents. I'm talking about living by yourself rather than with your parents.

I was told that your parents are expected to provide financial support if their level of income meant that the loans alone aren't enough to provide decent housing (i.e. if they earn £65K/£70K, then the max possible loan you can take out would be around £3.5K per year, which wouldn't be enough to pay all your bills).

My question is what would happen if your parents earn that much, but they refuse to pay for your accommodation? Do you have to find suitable accommodation using only the £3.5K provided?
You'd be expected to self fund through other channels.
0
reply
Ishax
Badges: 20
Rep:
?
#3
Report 2 years ago
#3
I'm sorry if this sounds harsh, but if you're parents earn £65/70,000 and they refuse to help you then they're selfish.

It's not like you want the money to waste it etc, you need it for you accommodation at university to pay rent.

I hate parents like this, when I become a Mum I will do everything I can to help my children during university. After he/she graduate, they obviously have to get a full time job and help out etc.
0
reply
jelly1000
Badges: 21
Rep:
?
#4
Report 2 years ago
#4
(Original post by Adzo)
The amount of money the government will give you per year regarding living costs depends on the income of your parents. I'm talking about living by yourself rather than with your parents.

I was told that your parents are expected to provide financial support if their level of income meant that the loans alone aren't enough to provide decent housing (i.e. if they earn £65K/£70K, then the max possible loan you can take out would be around £3.5K per year, which wouldn't be enough to pay all your bills).

My question is what would happen if your parents earn that much, but they refuse to pay for your accommodation? Do you have to find suitable accommodation using only the £3.5K provided?
(Original post by Adzo)
The amount of money the government will give you per year regarding living costs depends on the income of your parents. I'm talking about living by yourself rather than with your parents.

I was told that your parents are expected to provide financial support if their level of income meant that the loans alone aren't enough to provide decent housing (i.e. if they earn £65K/£70K, then the max possible loan you can take out would be around £3.5K per year, which wouldn't be enough to pay all your bills).

My question is what would happen if your parents earn that much, but they refuse to pay for your accommodation? Do you have to find suitable accommodation using only the £3.5K provided?
If they won't help out then typically you'd have to get a part time job to make up the shortfall or live really frugally- but in some places even the basic accomodation costs more than £3,500 a year.
0
reply
murpo
Badges: 19
Rep:
?
#5
Report 2 years ago
#5
The threshold for AY 16/17 is a household income of 62k

If your parents earned more than 62k you would get

3820 for living elsewhere such as halls (I'll be a few pounds out as going off memory)
5700 for living in london (I'll be a few pounds out as going off memory)
20?? for living with parents (I can't remember this figure but 2000 something )

but yeh as others have mentioned, you would have to find money from somewhere else such as working OR complete a current year income form if your parents income has dropped since the tax year SFE are asking for
0
reply
IWMTom
Badges: 20
Rep:
?
#6
Report 2 years ago
#6
Remember OP, if you get married, you count as an independent student... just food for thought...
0
reply
Tiger Rag
Badges: 22
Rep:
?
#7
Report 2 years ago
#7
(Original post by IWMTom)
Remember OP, if you get married, you count as an independent student... just food for thought...
Has to be before the start of the academic year.
1
reply
claireestelle
Badges: 22
Rep:
?
#8
Report 2 years ago
#8
(Original post by IWMTom)
Remember OP, if you get married, you count as an independent student... just food for thought...
Considering you can do it for under £100 in some places I m surprised more people don't think of that
1
reply
murpo
Badges: 19
Rep:
?
#9
Report 2 years ago
#9
(Original post by IWMTom)
Remember OP, if you get married, you count as an independent student... just food for thought...
They would need to put their spouses income on their application form tho so they would need to marry someone poor
1
reply
X

Quick Reply

Attached files
Write a reply...
Reply
new posts

All the exam results help you need

2,786

people online now

225,530

students helped last year

University open days

  • Bournemouth University
    Clearing Open Day Undergraduate
    Wed, 21 Aug '19
  • University of Dundee
    Undergraduate Open Day Undergraduate
    Mon, 26 Aug '19
  • University of Aberdeen
    General Open Day Undergraduate
    Tue, 27 Aug '19

Do you have grade requirements for your sixth form/college?

At least 5 GCSEs at grade 4 (63)
14.89%
At least 5 GCSEs at grade 5 (63)
14.89%
At least 5 GCSEs at grade 6 (80)
18.91%
Higher than 5 GCSEs at grade 6 (170)
40.19%
Pass in English and Maths GCSE (20)
4.73%
No particular grades needed (27)
6.38%

Watched Threads

View All
Latest
My Feed

Oops, nobody has posted
in the last few hours.

Why not re-start the conversation?

Start new discussion

See more of what you like on
The Student Room

You can personalise what you see on TSR. Tell us a little about yourself to get started.

Personalise