The Student Room Group

Should I.. apply for a maintenance loan?

In theory I can live without it. I live in a house that one of my parents bought a while back because they both needed space away at a certain point. They both come every weekend, so we buy groceries then. (The financial burden of food and bus money on my parents? Not sure, I don't think they mind, they haven't said anything?) I don't fw any of the uni drinking and partying stuff or buying takeout so that's also money saved. But like.. I heard I should get it anyway because out of all the times in life to borrow money this is a good position to do so. But it feels odd to have.. expendable money that I can use for things I like. It feels like a waste of money and won't I have to pay this all back anyway..?

The reason I've been considering it is because sometimes I'm becoming more and more like.. 'yeah, I could use an energy drink right now', or whatever junk I crave, which.. well it's been taking around four quid off of me every week, which... definitely is adding up. and I've been thinking of starting gym maybe, but obviously membership costs a decent bit of money and I want to go to a quiet one first as a complete noob to gym. I think maintenance loan is supposed to be mainly for just surviving like food and transport money, but I'd probably use it just for quality of life stuff... Is that allowed?
(edited 1 month ago)
Original post by brickwallgoesbrr
In theory I can live without it. I live in a house that one of my parents bought a while back because they both needed space away at a certain point. They both come every weekend, so we buy groceries then. (The financial burden of food and bus money on my parents? Not sure, I don't think they mind, they haven't said anything?) I don't fw any of the uni drinking and partying stuff or buying takeout so that's also money saved. But like.. I heard I should get it anyway because out of all the times in life to borrow money this is a good position to do so. But it feels odd to have.. expendable money that I can use for things I like. It feels like a waste of money and won't I have to pay this all back anyway..?

The reason I've been considering it is because sometimes I'm becoming more and more like.. 'yeah, I could use an energy drink right now', or whatever junk I crave, which.. well it's been taking around four quid off of me every week, which... definitely is adding up. and I've been thinking of starting gym maybe, but obviously membership costs a decent bit of money and I want to go to a quiet one first as a complete noob to gym. I think maintenance loan is supposed to be mainly for just surviving like food and transport money, but I'd probably use it just for quality of life stuff... Is that allowed?

Have a read through the following article - it will help you understand the financial implications of student loans:

https://www.moneysavingexpert.com/students/student-loans-england-plan-5/

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