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Should I borrow a Maintenance Loan when I'm planning to live at home? Watch

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    I am currently applying for a Student Finance. But I'm not sure if I should borrow the Maintenance Loan when I'm living alone.

    I'm guessing it's mostly for students living in Uni Campuses
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    You might need the money.
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    (Original post by kakol20)
    I am currently applying for a Student Finance. But I'm not sure if I should borrow the Maintenance Loan when I'm living alone.

    I'm guessing it's mostly for students living in Uni Campuses
    YES! Because first of all YOU'RE ENTITLED TO IT. AND ANYTHING CAN HAPPEN TO YOU, YOUR FAMILY, OR YOU AND YOUR FAMILY LIKE A FALLING OUT! TRUST ME!
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    You'll still need to fund transport, textbooks, printing, going out etc so if you're eligible I would take it.

    It's one of the best loans you'll be offered and you'll hardly notice paying it back once you start working.
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    (Original post by kakol20)
    I am currently applying for a Student Finance. But I'm not sure if I should borrow the Maintenance Loan when I'm living alone.

    I'm guessing it's mostly for students living in Uni Campuses
    Even living at home, you will have expenses associated with your course. You will need to travel to campus and back each day. You will need to buy stationery and you may need to buy a handful of core text books. You might like to join societies, take part in sports or socialise with other students - all of which will cost money. Outside uni, there are other everyday expenses. You will probably need to replace clothes and shoes during the years of your course. You will need haircuts. Ordinary things like that.

    You are going to need some sort of income whilst at uni. Are you going to have a part-time job during your course, or will your parents give you an allowance whilst not wanting a contribution to bills, food etc? It would be worth talking it through with your parents. Even if it hasn't been mentioned, it would be considerate to at least offer to contribute to household expenses.

    It's generally best to avoid debt wherever possible, but do be realistic. You will need money and Student Finance is there to help with your living costs. You can also take out less than the maximum to which you're entitled, if you want to.
 
 
 
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