Student Loans & Savings - is the amount of loan you get affected by your savings?

Watch
odjoo
Badges: 8
Rep:
?
#1
Report Thread starter 1 month ago
#1
Does SFE check the amount of money you have stashed in any/all of your personal savings accounts, and take this into consideration for the amount of loan they give you? For example, if I pocket a decent portion of the maintenance loan I'm given, would they see this and hand out a smaller loan the next year? Thanks !
0
reply
SFE Isaac
Badges: 10
Rep:
?
#2
Report 1 month ago
#2
(Original post by odjoo)
Does SFE check the amount of money you have stashed in any/all of your personal savings accounts, and take this into consideration for the amount of loan they give you? For example, if I pocket a decent portion of the maintenance loan I'm given, would they see this and hand out a smaller loan the next year? Thanks !
Hi, we do need to know about any unearned income you receive. If you save your Maintenance Loan it won't cause you to receive less funding next year.
Thanks, Isaac
1
reply
X

Quick Reply

Attached files
Write a reply...
Reply
new posts
Back
to top
Latest
My Feed

See more of what you like on
The Student Room

You can personalise what you see on TSR. Tell us a little about yourself to get started.

Personalise

Have you experienced financial difficulties as a student due to Covid-19?

Yes, I have really struggled financially (75)
17.77%
I have experienced some financial difficulties (122)
28.91%
I haven't experienced any financial difficulties and things have stayed the same (160)
37.91%
I have had better financial opportunities as a result of the pandemic (52)
12.32%
I've had another experience (let us know in the thread!) (13)
3.08%

Watched Threads

View All
Latest
My Feed