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Higher education

How on the earth do they calculate maintenance loans?

9 replies

AvaCrowder2 · 23/06/2017 00:27

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 posts:
Ocies · 23/06/2017 07:01

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

Havingahorridtime · 23/06/2017 07:17

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 · 23/06/2017 11:45

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 posts:
Chopchopbusybusy · 23/06/2017 11:59

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

AvaCrowder2 · 23/06/2017 12:39

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.
Thanks.

OP posts:
AvaCrowder2 · 23/06/2017 12:44

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 posts:
Lucysky2017 · 23/06/2017 21:00

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 · 23/06/2017 23:47

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 · 29/06/2017 16:32

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

Household Income Maintenance Loan

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