How on the earth do they calculate maintenance loans?

(10 Posts)
AvaCrowder2 Fri 23-Jun-17 00:27:06

My dc doesn't qualify for one.

But why is it £11,002 per year? Where does the £2 come in?

I wanted to see what would be fair to give my dd. It's a lot of money though, to borrow or not.

OP’s posts: |
Ocies Fri 23-Jun-17 07:01:48

Everyone qualifies for a maintenance loan, it just varies based on parental income.

Havingahorridtime Fri 23-Jun-17 07:17:03

All the maximum loan amounts are random figures. I think they work it out based on a weekly average of what each student needs to live in based on where they live etc.

AvaCrowder2 Fri 23-Jun-17 11:45:16

I didn't think that everybody did qualify, although you are right in that my dd does, just for £nil.

It seems like a lot of debt to me, whilst not really being enough to live on.

OP’s posts: |
Chopchopbusybusy Fri 23-Jun-17 11:59:15

Are we talking about maintenance loans for university students in England?
If so everyone can borrow the minimum which is about £3700.

AvaCrowder2 Fri 23-Jun-17 12:39:13

Yes that's right. I didn't know that, they emailed me, asked about our incomes and willingness to support her, then gave the amount as nothing. I'll have another look.

OP’s posts: |
AvaCrowder2 Fri 23-Jun-17 12:44:14

I did the calculator and it came up with £5479. I'll have to have a chat with dd about it.

Thanks again everybody, I'm glad I asked about it.

OP’s posts: |


Lucysky2017 Fri 23-Jun-17 21:00:04

Everyone in England gets one even if their parents are worth £100m (although plenty of children with well off parents choose not to take any loans of any kind).

mumeeee Fri 23-Jun-17 23:47:07

Everyone gets a minimum loan which is almost £4000. Parents don't have to be assessed for the minimum loan only if you want more.

bigbluebus Thu 29-Jun-17 16:32:50

All qualifying students get a maintence loan according to the following:

Household IncomeMaintenance Loan
<£25,000 £8,430
£30,000 £7,825
£35,000 £7,220
£40,000 £6,615
£45,000 £6,009
£50,000 £5,404
£55,000 £4,799
£60,000 £4,193
£62,187+ £3,928
If your parents earn above £25,000/year they are expected to help you out (more on that below).

Although I think they might be last years figures as I'm pretty sure DS is getting marginally more than the figure quoted in our income bracket.

Join the discussion

To comment on this thread you need to create a Mumsnet account.

Join Mumsnet

Already have a Mumsnet account? Log in