Student Finance/ Maintenance LoanWatch
Basically I have a concern about maintenance loan
I know that the student finance goes to my university and I get the maintenance loan based on my household income.
And my mother is a single mum and we are not on benefits or any other public fund.
However I am working part time while im at my sixth form
Does this effect my maintenance loan in the future ? Because I am applying for universities this year and im scared that I would have a problem when I am applying for the loan?
One more question if I get a job while im at uni would they cut my maintenance loan or decrease the amount that I am getting if I work ?
thank you for reading
I did some research online and this is what I found:
"The size of the Maintenance Loan you're entitled to will depend on the following three factors:
- Where in the UK you're from – Each country within the UK has its own funding body for students. You'll apply to the body in the country you normally live in when you're not at uni.
- Whether you'll be living at home or not – In most of the UK (apart from Scotland), there is more funding on offer for students who'll be living away from home (rather than at home) while at uni. There's usually even more funding if you'll be studying away from home and in London.
- Your household income – Students from households with a higher income receive less generous funding packages from Student Finance bodies, while those from poorer backgrounds receive the most generous support. Depending on where in the UK you're from, this could determine how big a Maintenance Loan you get and/or how big a Maintenance Grant you're entitled to (if any).
I found three website where you can find some useful information:
https://www.savethestudent.org/stude....html#eligible -> They have a section were they talk about the average Maintenance Loan depending on the household income
Also, I don't think that working would affect your maintenance loan. I have always received the highest amount because I live by myself and I do not receive any economical help from my parents. I have always worked and it has never affected my loan.
I hope you find those links useful!
Good luck with your studies