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    what's the best method for someone living off the maintenance grant/loan?
    if it's in termly installments, is the loan put into your account before the dates the accommodation tries to take it out?
    if that makes any sense..
    thanks
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    i think the best thing to do is to get a student bank account. mine is with HSBC and has a £2000 interest free overdraft.

    the first instalment is paid at registration and the first maintainence payment comes a week later but £2000 should be rite.

    I heard Natwest also do good student accounts and Halifax have one with a £3000 overdraft

    hope this helped
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    You can choose to pay upfront with a small discount or in 4 or 9 instalments. You don't have to make a payment straight away so your grant / loan should be through well before you need to pay anything to your halls. This is a list of all the payment dates for the various halls.
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    (Original post by DarrenClarke)
    i think the best thing to do is to get a student bank account. mine is with HSBC and has a £2000 interest free overdraft.

    the first instalment is paid at registration and the first maintainence payment comes a week later but £2000 should be rite.

    I heard Natwest also do good student accounts and Halifax have one with a £3000 overdraft

    hope this helped
    it did thanks.
    can i set up the direct debit in my current account and then move it to a student account once i get one.
    i know you're probably not an expert of banks but I'm clueless with them
    thanks
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    (Original post by DarrenClarke)
    the first instalment is paid at registration and the first maintainence payment comes a week later but £2000 should be rite.
    You don't pay for accommodation at registration - just tuition fees.
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    (Original post by JCM89)
    You can choose to pay upfront with a small discount or in 4 or 9 instalments. You don't have to make a payment straight away so your grant / loan should be through well before you need to pay anything to your halls. This is a list of all the payment dates for the various halls.
    yeh i know the options, I was just wondering which would be better as far as budgeting etc goes. I reckon I'll choose termly installments because if it was monthly I'd find it hard leaving enough money in my account and i havnt got the money to pay upfront.
    thanks though
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    (Original post by cosmogirl)
    yeh i know the options, I was just wondering which would be better as far as budgeting etc goes. I reckon I'll choose termly installments because if it was monthly I'd find it hard leaving enough money in my account and i havnt got the money to pay upfront.
    thanks though
    It's called budgeting - you need to get to grips with it or you won't have money for food or socialising after the first month of each term.
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    (Original post by cosmogirl)
    it did thanks.
    can i set up the direct debit in my current account and then move it to a student account once i get one.
    i know you're probably not an expert of banks but I'm clueless with them
    thanks
    You should be able to. you can set up a student account today as long as you prove that you are going to uni. i.e. a ucas comfirmation letter or something along those lines.

    then you will set up a direct debit upon enrolement and the uni should do the rest. They will take out rent each month or after each date due for instalemnt payment like the other bloke said

    Also, you have the advantage of internet banking with HSBC and Natwest so it is easier to manage your direct debits without having to go to a branch.
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    (Original post by JCM89)
    You don't pay for accommodation at registration - just tuition fees.
    Sorry if i wasnt clear about that, i just took it for granted that you knew:p:
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    Termly installments is how I did it, I always got my loan in before I had rent taken out. I think if you're living off your loan, that's the best way to do it.
 
 
 
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