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I don't understand the figures of my grant and loan Watch

    • Thread Starter
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    I recieved my Student Finance Letter today declaring what I'm to recieve whilst at University.

    It says on the table >

    Basic Loan (non income assessed) - £3564.00
    Plus loan subject to income assessment - £1386.00
    Less loan substitued for grant - £1453.00

    What does "Less loan" mean and why has it been subtracted?

    Then at the bottom it says "Supplementary Grants" of £2906.00
    What's this?

    Please explain it to me simply! Cheers x
    • PS Helper
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    PS Helper
    If you get a grant, you get less loan.

    You still get more in the long run And you don't have to pay your grant back.

    Simple enough? :p:
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    Hmm, not sure about the others, but 'supplementary grant' means that it's non-repayable, so that £2906 is your to spend how you wish, without having to pay a penny of it back.
    • Thread Starter
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    Oo thank you.
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    If you've got max grant you'll get just over £6K in total.
 
 
 
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