How are maintenance loans calculated?

[ifonly4]

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.

[titchy]

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.

[FakeMews]

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

[ifonly4]

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

[AvocadosBeforeMortgages]

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.