My University budjet... Watch

somethingbeautiful
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adilmorrison
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Yes... That sounds about right... You could also consider getting a job...
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RightSaidJames
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The Tuition Fee Loan will go straight to your university, the Maintenance Loan and Maintenance Grant will go into your bank at three or so different points in the year.
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Em_maK
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(Original post by RightSaidJames)
The Tuition Fee Loan will go straight into your bank, the Maintenance Loan and Maintenance Grant will go into your bank at three or so different points in the year.
Er, no, that goes to your university- you never see that money.
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abcdefghijklmnopqrstuvwxyz
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well you have another 2000 left over, i don't see the problem
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abcdefghijklmnopqrstuvwxyz
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(Original post by RightSaidJames)
The Tuition Fee Loan will go straight into your bank, the Maintenance Loan and Maintenance Grant will go into your bank at three or so different points in the year.
Is the maintenance loan and maintenance grant two different sums of money? so in OPs case, is it roughly 5000?
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Ice_Queen
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You're right, OP.
Tuition loan goes straight to the Uni, maintenance grants and loans go straight to you- it's up to you then.

I hope you're not doing some sort of Business/Finance/Accounting degree...
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RightSaidJames
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(Original post by Em_maK)
Er, no, that goes to your university- you never see that money.
Sorry, I meant university.
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reddevilleanne
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Don't forget that you might also be eligible for a bursary from your Uni aswell.
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RightSaidJames
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(Original post by abcdefghijklmnopqrstuvwxyz)
Is the maintenance loan and maintenance grant two different sums of money? so in OPs case, is it roughly 5000?
Yup, but he doesn't have to pay back the grant.
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Collingwood
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(Original post by somethingbeautiful)
So, am I right to assume that... I won't see any of the fee loan
Yes.

the maintenance loan will pay for my accommodation, and I'll buy food/books with the maintenance grant?

Thank you
The maintenance loan and grant are just lump sums paid to you based on your parents' income that doesnt necessarily correlate with your costs. Depending on where you live, it may cost more or less than £3.4k to pay for your accomodation. But unless you're living in London, you should be able to get by on what you have. The only difference between the loan and the grant is that you eventually have to pay the loan back, whereas the grant is a 'gift' that you get to keep.
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Jennie1987
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You know that the grant takes out the same amount of your loan right? So you get the same £3,225 but £ 2,906 you dont have to pay back...
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Jennie1987
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(Original post by abcdefghijklmnopqrstuvwxyz)
Is the maintenance loan and maintenance grant two different sums of money? so in OPs case, is it roughly 5000?
One you pay back one you dont but you end up with the same amount so £3000 with only £1000 to pay back.
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abcdefghijklmnopqrstuvwxyz
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(Original post by Jennie1987)
One you pay back one you dont but you end up with the same amount so £3000 with only £1000 to pay back.
Ah right ok ty so........................ There's the maintenance loan which i can get 75% of right without providing any form of financial details? And the maintenance grant which is additional money based on my parents income?
But, the money i get in total will be the same just what i have to pay back is different?
If so, can i leave out all the financial details because tbh, the money isn't worth the hassle, i can probably buy a peanut or two with all this ******* faffing about
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Jennie1987
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(Original post by abcdefghijklmnopqrstuvwxyz)
Ah right ok ty so........................ There's the maintenance loan which i can get 75% of right without providing any form of financial details? And the maintenance grant which is additional money based on my parents income?
But, the money i get in total will be the same just what i have to pay back is different?
If so, can i leave out all the financial details because tbh, the money isn't worth the hassle, i can probably buy a peanut or two with all this ******* faffing about
Yes the total will be the same what you pay back is different, if you want to have less money for not filling stuff out sure do it but its 25% less then you could get...
Direct Gov says
If you qualify for help through the Maintenance Grant, some may be paid instead of the Student Loan for Maintenance.

If you get the Special Support Grant, it doesn’t affect how much you’re entitled to through the Student Loan for Maintenance.

The maximum you can get for either grant is:

£2,906 in academic year 2009/2010
And I was told on the phone grant cancels out loans as ive told you so just be prepared, any grant they give as well as the equivalence in loan is just bonus. But you know youll never know until you apply
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Jennie1987
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#16
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Thanks to the mystery repper! From this thread at 18.52
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