To think I can live on my student loan during term time?

[QuestionableMouse]

I'm starting uni in September and I'm still wavering over living in or staying at home. On balance, I'd really like to live in but the finances are scaring me a bit.

I'd get ~£8400 which is more than I get now in wages. Working on a rough figure of 11 months, that works out at around £760/month, plus I'll get around £3000 in scholarship grants.

Current outgoings are around £500/month. (I'd rather not post the details here for everyone to read.) I'll be paying £115 a week for the room (a studio flat really) but everything else will stay about the same (plus I have a chance to save money because my phone contact is due for renewal shortly.)

I would work during the holidays and some weekends. My current job are perfectly happy with me doing that.

Aibu to think it's doable?

I really wouldn't go for living out with a 2 hour commute: live in, and get stuck in to university life and study thoroughly instead.

Lou, did you miss the part where the OP would have a 4 hour round trip?!

I don't need to save up for a deposit on a home. That's already sorted, thanks.

If you are doing English or History, then depending on where you study, you may only have 8-12 hours timetabled per week in your first year. Obviously you will be expected to do a lot of reading and research on top of that, but you should find it relatively easy to fit a job in around your timetabled hours.

I was told it would be around four days a week but the timetables aren't set yet.