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Further education

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Original poster

How are maintenance loans calculated?

4 replies

ifonly4 · 19/03/2018 11:23

Can anyone please tell me how maintenance loans are calculated and what the thresholds are? I read about parents income being taken into account, but are savings/assets also considered?

If anyone's DC has a maintenance loan, how much is it, does it cover all of their living costs?

DD hoping for uni in 2019 and want to get a feel of what if anything we would have to pay as a top up.

OP posts:
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AvocadosBeforeMortgages · 07/04/2018 22:33

Just to note on household income - it's different from parents income if you've separated. It's based on the income of the parent she lives with most, and the new live in partner, if there is one.

Original poster
ifonly4 · 20/03/2018 11:13

Thanks for your replies, they were really helpful and I've managed to work out roughly how much DD would be entitled to.

OP posts:
FakeMews · 19/03/2018 12:11

Calculation is as titchy says. They take all income including income from savings. Also they ask for proof, often months afterwards.
Lots of threads on living costs - have a look in Higher Education

titchy · 19/03/2018 11:47

Ball park figures - based on househld income, so interest on savings would count, but not the savings themselves. Income below £25k = full maintenance loan, then a sliding scale to about £42k = basic maintenance loan.

Full maintenance = £8,500, basic maintenance = £4000.

Full amount SHOULD cover living costs as long as halls rent isn't too much - this can vary from £3k to £10k+ so do your homework.

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