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