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I'm really concerned...Maintenance Grants :S Watch

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    Hello all

    I'm really concerned, because I looked at the Student Finance website, which for household incomes of 25000-60000 (round about) will receive a percentage of the maintenance grant of around £2,200...

    Yet then I went to look on the websites for universities that I've applied/been accepted too, and they say that the costs will be usually £3000-£4000 on average!

    So clearly, the maintenance grant is nowhere near enough to cover the costs of just rent alone - so what happens next?! I'm aware you need to get a part-time job, but I don't want to rely on my parents for money and I don't think you'd get enough to cover the rent from a part-time job. I'm really worried now, because I always think about how much money my parents are putting in to help me get an education, and at times I start to question whether it's worth it :|

    So, can anyone say how the situation goes, and offer any support that may make me less worried?

    Thanks ^^
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    Student loan?
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    Get a job...
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    It's called a loan.
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    Well the uni offers a bursary depending on your income, you should get a percentage of that too. Otherwise... there's not much you can do other than find a job.
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    Maintenance grant, combined with student loan of £3300, should be plenty.
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    Most people get Maintenance Loans as well as Maintenance Grants. Unless your househole income is really quite low, then you'll only get a smallish Grant, but can apply for quite a large Loan . You get assessed for a loan and a grant, and however much grant your entitled to, they take that off of your loan.

    For example, with me last year I got approx £4700 Maintenance Loan (which I have to pay back) and was entitled to £510 grant (which I don't have to pay back), so they took £510 off of my loan, so in total I got £4190 Loan and £510 Grant.

    You can also apply to get a Bursary from your university, but I didn't get one last year cause my household income was too much, that you don't have to pay back.
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    the basic loan is £4625, this is what you get if you do not qualify for the grant, otherwise the loan is less but you get a grant on top if you qualify. so therefore whatever you get should just about cover the rent and then you will have to get a job anyway to live off.
    It shouldnt be as bad as it seems, dont worry, and if your parents are willing to help, let them... i really upset my dad by telling him it made me feel bad taking money from him.
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    Ah, I see where I went wrong!

    I went on the Student Finance website, and clicked on 'Support Available' but I must have clicked on something other than student loans, because it told me that Maintenance grant was £2,250 or so - and I was completely oblivious to the fact it said grant! I couldn't find the loan bit - but just have now! Now I am much happier because I've just found out the maintenance loan is pretty hefty!

    Thankyou nterry242 and loopykitten for the most helpful responses It seems to me that some people were just being sarcastic otherwise, or hadn't read my initial post.
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    I wouldn't worry too much about it either, my accomodation was so expensive last year (was put into a catered hall that I wasn't one of my options) that after I paid for it I only had about £200 left over for the whole year *rolls eyes*. Needless to say that by xmas I was into my overdraft quite a bit, but I'd worked loads over the summer before my first year. In my opinion your first year is always gonna be more expensive, halls are usually quite pricey, and you'll spend loads on socialising in the first few weeks due to meeting new people and stuff, plus joining societies and buying books etc. But by the second year, you get a bit more loan anyway, and if you move into a house with friends then rent will usually work out to be a lot less than halls - and also general living I think tends to be cheaper cause you've got to know how and where you can save money.

    So, in my opinion it's good to work as much as you can before going to uni and maybe try to secure a job that allows you to go back at xmas. Also, don't be afraid to go into your overdraft in your first term, cause your loan comes in installments and they didn't give me enough to cover how much my accomodation cost in the first term *rolls eyes*.
 
 
 
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