Maintenance loan & living at home whilst at uni?

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Anonymous #1
#1
Report Thread starter 3 months ago
#1
I don't understand why you still get quite a high maintenance loan if you live at home when you're at uni? I understand travel and stuff but what else are you supposed to spend that money?

Especially if you live close to the uni.. e.g. one of my choices is a 30 ish min drive from me so if I live with my parents I will get £8171 ??? (I qualify for the full amount). And I won't be spending any of it??? What are you supposed to spend it on? I feel like I'm being stupid but it's confusing me
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Joshwoods01
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#2
Report 3 months ago
#2
(Original post by Anonymous)
I don't understand why you still get quite a high maintenance loan if you live at home when you're at uni? I understand travel and stuff but what else are you supposed to spend that money?

Especially if you live close to the uni.. e.g. one of my choices is a 30 ish min drive from me so if I live with my parents I will get £8171 ??? (I qualify for the full amount). And I won't be spending any of it??? What are you supposed to spend it on? I feel like I'm being stupid but it's confusing me
in the short term, it's yours to do with as you wish, take as much as you can get 🤣 when you start earning £25k+ you begin to pay it back in small amounts (6% of total earnings (or 9%, one of them)) so yeah just enjoy it for now, that's what I did.
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University of Portsmouth Student Rep
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#3
Report 3 months ago
#3
(Original post by Anonymous)
I don't understand why you still get quite a high maintenance loan if you live at home when you're at uni? I understand travel and stuff but what else are you supposed to spend that money?

Especially if you live close to the uni.. e.g. one of my choices is a 30 ish min drive from me so if I live with my parents I will get £8171 ??? (I qualify for the full amount). And I won't be spending any of it??? What are you supposed to spend it on? I feel like I'm being stupid but it's confusing me
Hi!

There are many different reasons why some people get more etc. I guess you can use that money how you please.
If you are unsure that it is the right amount then check with student finance.

I hope this helps!
best wishes
Chloe - Official Student Rep
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Anisa-CityUoL
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#4
Report 3 months ago
#4
Hi!

Everyone has different reasons as to why they get a maintenance loan out. I'm similar with you in the sense that I live with my parents and my university is 40 minutes away from me and I did qualify for the full loan and did take it out during my first year and final year. I took out during my first year so I could invest in a good laptop. I never worked before so I knew I needed this loan to help me purchase my laptop and any books.

I did not take out during my second year as I felt that I was in a income position and took out during my final year so I could have that extra income support and would allow me to not worry about money as I wanted to focus on my final year rather than completing extra work shifts.

I recommend just asking yourself whether you need to invest in something for university and that could be an area for you to spend your money. Otherwise, like people mentioned you are free to use it on whatever you want.

Anisa 😊
Final Year Law Student
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