The Student Room Group

Student loan does not cover rent, let alone living costs.

I'm studying at UWE in Bristol this September and my loan has been confirmed as 5.8K. This is a huge issue as the cheapest student accommodation comes to 6.9K, and even then, there are only 12 of those rooms available.I've had a lot of job difficulties in the few years, and only managed to have a stable income for the past 12 months. I've managed to save up 2K - and predicated to have saved 3k by start date. However, I don't think this is going to be anywhere near enough to live on if I have to use half of it for my rent anyway.I'm already 21 and really don't want to put off ANOTHER year before I go, as I've already applied through UCAS 3 times now. I've managed to somewhat secure a £500 loan from a local charity when I start my course, but I'm struggling to know what else to do in this situation.My family does not have a great income and won't be able to support me much. Plus my dad has been off work for about 5 months because of health issues, and yet my student loan has somehow appeared to be less than it was last year. Please, any other ways to save/loan money would be appreciated.
Original post by coreyjamescoops
I'm studying at UWE in Bristol this September and my loan has been confirmed as 5.8K. This is a huge issue as the cheapest student accommodation comes to 6.9K, and even then, there are only 12 of those rooms available.I've had a lot of job difficulties in the few years, and only managed to have a stable income for the past 12 months. I've managed to save up 2K - and predicated to have saved 3k by start date. However, I don't think this is going to be anywhere near enough to live on if I have to use half of it for my rent anyway.I'm already 21 and really don't want to put off ANOTHER year before I go, as I've already applied through UCAS 3 times now. I've managed to somewhat secure a £500 loan from a local charity when I start my course, but I'm struggling to know what else to do in this situation.My family does not have a great income and won't be able to support me much. Plus my dad has been off work for about 5 months because of health issues, and yet my student loan has somehow appeared to be less than it was last year. Please, any other ways to save/loan money would be appreciated.


Ok, so, your loan is low because after looking at your family income, SFE has determined that the Bank of Mum and Dad have enough money to help you. Which I do realise may not be the case - I know my maintenance loan got reduced for 2024-25 but my parents cannot realistically cover the shortfall. But that's SFE for you.

You have a bit of money saved, which is great and should help you loads. I can think of a few extra things you can do:

Check with UWE if you're eligible for extra financial help - grants, loans, bursaries...

Work part-time during your degree. Which I realise it's not ideal but many students do it. Bonus points if you find employment within your university or Student Union.

Get reassessed for student finance. You're better off asking Student Finance England but generally speaking, SFE uses your family's details from the tax year 2022-2023 to determine your maintenance loans. However, if there are exceptional economic circumstances which means your family's income has drastically reduced in the period after the 2022-2023 tax year, you can ask to be reassessed: https://www.gov.uk/government/publications/student-finance-how-youre-assessed-and-paid/student-finance-how-youre-assessed-and-paid-2024-to-2025#assessing-how-much-student-finance-you-can-get (scroll down to point 4.4). I would imagine you have a pretty strong case for this given your dad has been out of employment for a while.


Hope this was useful!
Original post by appalled-raising
Hi this is going to sound off topic, but I need a mod to delete a recent post that I made? I recieved answers for it and want it removed now please. Could you do it yourself or maybe ask a mod, tysm!

I'm afraid I cannot delete posts for you. If you press the "edit" button in your post, you should be able to delete the post. However, by the sounds of it, you created a thread, which means you can't delete your first post yourself. You can report the thread and ask for it to be deleted, although TSR policy usually is to not delete these posts if somebody's already replied to them.

In future, if you're planning on deleting a post, either don't post it in the first place, or use the anonymous function!
(edited 1 month ago)

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