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Student Loans: how does it vary, if it all?

I understand course fees are dealt with post graduation, but as for first year accomodation how is it covered? Can you get a complete coverage via a loan and pay it back similarly to the course fees - or is it only partially?
~ Thanks
Original post by Rowan.c
I understand course fees are dealt with post graduation, but as for first year accomodation how is it covered? Can you get a complete coverage via a loan and pay it back similarly to the course fees - or is it only partially?
~ Thanks


Hi,
You can have a maintenance loan which is means tested against your household income. This usually covers accomadation + living costs but sometimes it isn't enough! :smile:
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RedBeard20
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Original post by VioletPhillippo
Hi,
You can have a maintenance loan which is means tested against your household income. This usually covers accomadation + living costs but sometimes it isn't enough! :smile:


Thankyou this has made it clearer! :smile:
Original post by Rowan.c
I understand course fees are dealt with post graduation, but as for first year accomodation how is it covered? Can you get a complete coverage via a loan and pay it back similarly to the course fees - or is it only partially?
~ Thanks


You get a maintenance package (loan if Student Finance England, loan+grant elsewhere) that is determined by your household income. The minimum loan is comfortable enough for living costs assuming your parents pay your accomodation fees (given their income level).

Otherwise, there's a sliding scale from being able to pay all of your living expenses with the maintenance loan (in addition to university grants) if your parents are low-income to partially being able to pay your living expenses (middle income, some contribution from parents or another income source is necessary) to only realistically being able to cover living expenses without accomodation (high income parents).

Posted from TSR Mobile
Original post by Princepieman
You get a maintenance package (loan if Student Finance England, loan+grant elsewhere) that is determined by your household income. The minimum loan is comfortable enough for living costs assuming your parents pay your accomodation fees (given their income level).

Otherwise, there's a sliding scale from being able to pay all of your living expenses with the maintenance loan (in addition to university grants) if your parents are low-income to partially being able to pay your living expenses (middle income, some contribution from parents or another income source is necessary) to only realistically being able to cover living expenses without accomodation (high income parents).

Posted from TSR Mobile

which is an optimistic assumption to make :moon:
Original post by CoolCavy
which is an optimistic assumption to make :moon:


vast majority of people on the minimum loan have that set-up at university.

Posted from TSR Mobile
Original post by Princepieman
vast majority of people on the minimum loan have that set-up at university.

Posted from TSR Mobile


Then they are lucky.

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