Random2001
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Report Thread starter 3 months ago
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Hi

I’m starting my 2021 application.

I was wondering how much your average student loan will cover accommodation costs per week?

Accommodation for me is looking to be between £160-200.

Is this average and will my student loan cover this or how much?

Might be a stupid question but oh well.

Cheers
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eroper
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To me, that looks slightly expensive in terms of accommodation costs

In terms of whether your student loan will cover that, the loan varies with a number of factors. You can use the student loan calculator to see what you're likely to get https://www.gov.uk/student-finance-calculator
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University of Portsmouth Student Rep
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(Original post by Random2001)
Hi

I’m starting my 2021 application.

I was wondering how much your average student loan will cover accommodation costs per week?

Accommodation for me is looking to be between £160-200.

Is this average and will my student loan cover this or how much?

Might be a stupid question but oh well.

Cheers
Hey Random2001!

The amount you get in your student loan depends on your parents income - if you are living at home and have no dependents etc
And also if you're living in London or outside of London

My accommodation in first year was around £125 a week and this wasn't covered by my student loan so my parents had to pay the rest of my rent and give me money to live off - as well as me getting a part time job so I could go out and enjoy myself whilst at uni

So if your loan isn't going to be enough to cover the rent I'd also consider getting a summer job if you can and saving up as much money as possible for uni

I hope this helps!
Eloise - Official Student Rep
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Random2001
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Report Thread starter 3 months ago
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(Original post by University of Portsmouth Student Rep)
Hey Random2001!

The amount you get in your student loan depends on your parents income - if you are living at home and have no dependents etc
And also if you're living in London or outside of London

My accommodation in first year was around £125 a week and this wasn't covered by my student loan so my parents had to pay the rest of my rent and give me money to live off - as well as me getting a part time job so I could go out and enjoy myself whilst at uni

So if your loan isn't going to be enough to cover the rent I'd also consider getting a summer job if you can and saving up as much money as possible for uni

I hope this helps!
Eloise - Official Student Rep
Thank you! That explains a lot! Cheers
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