How on the earth do they calculate maintenance loans?

[AvaCrowder2]

My dc doesn't qualify for one.

But why is it £11,002 per year? Where does the £2 come in?

I wanted to see what would be fair to give my dd. It's a lot of money though, to borrow or not.

Everyone qualifies for a maintenance loan, it just varies based on parental income.

All the maximum loan amounts are random figures. I think they work it out based on a weekly average of what each student needs to live in based on where they live etc.

I didn't think that everybody did qualify, although you are right in that my dd does, just for £nil.

It seems like a lot of debt to me, whilst not really being enough to live on.

Are we talking about maintenance loans for university students in England?
If so everyone can borrow the minimum which is about £3700.

Yes that's right. I didn't know that, they emailed me, asked about our incomes and willingness to support her, then gave the amount as nothing. I'll have another look.
Thanks.

I did the calculator and it came up with £5479. I'll have to have a chat with dd about it.

Thanks again everybody, I'm glad I asked about it.

Everyone in England gets one even if their parents are worth £100m (although plenty of children with well off parents choose not to take any loans of any kind).

Everyone gets a minimum loan which is almost £4000. Parents don't have to be assessed for the minimum loan only if you want more.

All qualifying students get a maintence loan according to the following:

Household Income Maintenance Loan