Student Finance

Is it a bad idea to not take a maintenance loan?I have a part time job so I don't think money will be much of a problem as I'll also be living at home?

Reply 1

sticklobster

wouldn't you want the disposable income? i mean considering the changes the gov had made to student loan maybe its a better thing you don't take it LOL

Reply 2

anon25x

Original post by sticklobster

wouldn't you want the disposable income? i mean considering the changes the gov had made to student loan maybe its a better thing you don't take it LOL

Don't they charge interest on it later though?

Reply 3

sticklobster

Original post by anon25x

Don't they charge interest on it later though?

yeah that's what im talking about, and they've changed it to make the boundary to start paying lower so yeah if you think you're not gonna struggle without it i think you're better off

Reply 4

normaw

Clearing and Applications Advisor, Universities Forum Helper

Original post by anon25x

Is it a bad idea to not take a maintenance loan?I have a part time job so I don't think money will be much of a problem as I'll also be living at home?

The following article about the new plan 5 loans is worth a read so that you can weigh up the pros and cons of taking/not taking the maintenance loan.

https://www.moneysavingexpert.com/students/student-loans-2023/

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