Living off student maintenance alone Watch

citrux
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Hello, I was accepted for undergraduate computer science and will start September, I already completed my student finance application and accommodation. I'll be moving out and intend on finding a part time for security but I understand this may not go as smoothly as I hope. I won't be financially supported by family and I think I'll be receiving the maximum maintenance loan because of my parents salary.

I've already looked over my expenses and it looks like I'm safe but from your experience and the people you know, is it safe to live off just the loan? How is life for most people that do so? I don't spend a lot of money and already have most of what I'll need. I understand there are options like creating a student bank account but I don't like the idea of going into more debt and spending money I definitely don't have and will struggle paying back.

Thanks
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CPMiller
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I lived off my student loan alone, as long as you budget and don’t buy stuff that you can’t afford you’ll be fine - just need to be sensible is all
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Xarao
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Do you have the necessary qualifications to work as security even?
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Jenx301
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Yes it is perfectly possible if you are getting the maximum loan - I will be living on that too. Some uni offer grants to low income students too so check your uni website
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CPMiller
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No, if you planning on working too and then you’ll be fine
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Snoozinghamster
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(Original post by citrux)
Hello, I was accepted for undergraduate computer science and will start September, I already completed my student finance application and accommodation. I'll be moving out and intend on finding a part time for security but I understand this may not go as smoothly as I hope. I won't be financially supported by family and I think I'll be receiving the maximum maintenance loan because of my parents salary.

I've already looked over my expenses and it looks like I'm safe but from your experience and the people you know, is it safe to live off just the loan? How is life for most people that do so? I don't spend a lot of money and already have most of what I'll need. I understand there are options like creating a student bank account but I don't like the idea of going into more debt and spending money I definitely don't have and will struggle paying back.

Thanks
Definitely depends on how far from the maximum loan you will be.

But as long as you are getting a decent loan it should be fine, but yeh. Just be selective over accommodation if possible and look into the cost. And if possible do food shops at Aldi’s or Lidl etc or bulk buy as that helps reduce costs.
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Mikolaj1109
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if you're on the maximum you will be fine, i will be on the minimum which will be a struggle
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AzureCeleste
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If you get the maximum you will be fine
I'd like to add that I would make a student bank account (even if its just for the perks like the railcard or amazon voucher) as you may as well. It's nice to have your overdraft just incase you need it. You don't ever need to go into it but if you do it's not a big deal as you will be paying back the same amount as you overspent it by
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citrux
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(Original post by Xarao)
Do you have the necessary qualifications to work as security even?
I'm not too sure, what would be needed?
(Original post by AzureCeleste)
If you get the maximum you will be fine
I'd like to add that I would make a student bank account (even if its just for the perks like the railcard or amazon voucher) as you may as well. It's nice to have your overdraft just incase you need it. You don't ever need to go into it but if you do it's not a big deal as you will be paying back the same amount as you overspent it by
You're right, there's no harm in just having it as insurance.

Thanks for your responses
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Xarao
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(Original post by citrux)
I'm not too sure, what would be needed?
Yeah, you won't get a job working as security, especially with no certifications. Make sure you plan alternatives.
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