Please or to access all these features

Add post

Watch this thread

Save thread

Start a new thread

Flip thread

Hide thread

My feed

Active Unanswered threads

Getting started FAQ's

Unanswered threads Acronyms Talk guidelines

Hide shortcut buttons

Talk

Higher education

Talk to other parents whose children are preparing for university on our Higher Education forum.

Flip

Original poster

maintenance loan and parental income

13 replies

frazzled74 · 02/02/2011 14:41

I have been looking at the direct gov website to try and work out what loan/grant ds will be entitled to. It says that when assessing parents income they will take into account other dependents and mortgage commitments. does anybody know how much they allow for dependants,and mortgages.
We earn £46000 before tax, and pay out £10,000 in mortgage payments a year, we have 2 other school age dcs. Will this reduce our household income?

OP posts:

Betelguese · 04/02/2011 10:50

This reply has been deleted

Message withdrawn at poster's request.

Original poster

frazzled74 · 04/02/2011 11:57

thanks for the reply, the website clearly says that other children and commitments such as mortgages will be taken into account so i dont understand why they are not on the form?

OP posts:

Betelguese · 04/02/2011 13:03

This reply has been deleted

Message withdrawn at poster's request.

Betelguese · 04/02/2011 13:15

This reply has been deleted

Message withdrawn at poster's request.

Original poster

frazzled74 · 04/02/2011 19:45

thanks, that helps, I think the mortgage repayments may have been in my imagination, cant find it now.

OP posts:

mumoverseas · 06/02/2011 10:14

Before I start pulling my hair out looking into this, does anyone know what (if anything) is available to students that is not means tested?

thekidsmom · 06/02/2011 12:41

Hi MOS - yes its all very clearly laid out on the student finance website - go to direct.gov.uk/studentfinance and you'll find it all laid out there.

You can get a loan for fees up to the max fee (this year £3290) and then a maintenance LOAN which depends on if you live at home or away (I'm guessing not commuting from your place!!), and if your uni is in London or not. So my DS in Bristol, for example, has a loan for £4950 (on top of fees loan - which is paid directly to the uni on his behalf)

webwiz · 06/02/2011 12:43

The maintenance loan is split into two parts - one part isn't means tested that everyone can borrow which is currently about £3,500 and a second part that is means tested which is currently an additional £1400.

Betelguese · 06/02/2011 13:29

This reply has been deleted

Message withdrawn at poster's request.

DaisyJose · 10/02/2011 22:22

Hi - I am new to all this but just reading the messages above, I now know that I am not alone in dreading my eldest leaving for uni and even worse the dread of the expense and how and where do I start to apply for grants and bursaries etc Aaaaargh any tips would be very gratefully received. Thanx

perranlady · 14/02/2011 09:24

My DD is about to go to Uni in Sept. I have worked out the loans/grants she should be able to get, I think the loan for living expenses should just about pay for accomodation in halls, what I would like some help with please is how much allowance she would need for living expenses per week whilst away from home i.e food, clothes, books etc. whats the average out there!!

Betelguese · 14/02/2011 14:47

This reply has been deleted

Message withdrawn at poster's request.

seimum · 14/02/2011 19:59

perranlady - my DD1 is in her 3rd year at uni, and I think she has spent about £1,000 per term over her maintenance loan (which covers her rent).

But then she is a cheapskate who only goes out 2-3 nights per week (to student societies), barely drinks & cooks herself pasta meals at home (and doesn't buy clothes either).

So your average student will probably spend more than that. The careers tutor at her school advised £7-8,000 per year for living expenses (including rent), but this depends on where you go.

Flip