I'm starting Uni this year and I'm eligible for the full maintenance grant of £2835, plus a university bursary of approximately £1000.
Fees are just over £3000 and I understand that I would have needed to take out a tuition fee loan to cover these?
I will be living at home for Uni and won't have any rent or bills to pay. I've got a part time job at the minute and will probably work more at Uni, so it's just books and 'pocket money' I'll need. Would I be able to use the maintenance grant and part of the bursary to pay for my tuition fees, so that after Uni, I won't have big student debts? Due to the tuition fee loans being paid straight to the University, would I have to put the maintenance grant and bursary in to a savings account for the three years, so that when I graduate, I can just use the money to pay back in a lump sum? If I need extra money to live on, then I'd be able to get a maintenance loan on top of that?
Is this possible, or has anyone done it? My friend and I are in the same situation and it would be nice to leave Uni with a small-as-possible student debt, and since neither of us will have big accomodation costs etc to spend the maintenance grant on, would this be a feasible way of doing things?
This is what I was doing until I quit uni. I'm a care leaver see so I got the full grants for everything. Quite a lot of people don't take out a loan for their tuition fees. As I remember it I just had to set up a direct debit when I actually got to uni.
Sorry, I'm a bit confused! What did you set up the direct debit for? If I don't take out the tuition fee loan, don't I have to pay them up front?