According the student loan calculators my dd should get around £6000 maintenance loan. We're thinking of getting her to pay the rent from her loan and then giving her a regular amount to make up the shortfall for food, transport and other expenses. I hope she'll be able to get part time work and holiday work, but I just want to get an idea of how much students are likely to need for living expenses when you exclude rent? She wants to go for self catered accommodation, but hasn't chosen her firm or insurance yet, possibly Newcastle.
Those who pay a regular amount to their dcs, do you think it works best to pay weekly, monthly or termly?
I've been looking at the Which? calculator, but I think they've taken yearly expenses and divided it into a monthly amount as some of the items are quite strange e.g. £60-odd a month for holidays and flights!? I'm trying to find a basic, but realistic total to budget for.
One more question I can't find the answer to on the student loans website: is the maintenance loan amount set for 3 years based on parental income in the year of application, or can it change if income changes in subsequent years?
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Living expenses and maintenance loan
46 replies
theyellowjumper · 12/02/2019 11:08
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