confused about the "loan substituted for grant"????? Watch

kirkyboy07
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#1
Report Thread starter 11 years ago
#1
im a little confused about the amount of money i will be recieving.

my form is broken down as follows:

basic laon(non income assesed)=£3385
plus loan subject to income assessment=£1125
less laon substituted for grant=£1230

loan to be payed=£3280

maintenence grant=£2765

does this mean i get:
the loan amount(£3280) + maintenence grant(£2765)= TOTAL £6040?

does the "less loan for subtituted for grant" get added on top of that?
or does it get taken from the maintenence loan?

im gettin confused tryna explain wot i need to know lol
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cpj1987
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#2
Report 11 years ago
#2
You get £6040, yeah.

Basic Loan is the normal amount of loan, add to this your loan from income assessment. The grant replaces a portion of this loan, to make your overall debt lower, so you take the £1230 from the other £4510, leaving you with £2380 and your grant.
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