Student Finance

[mumtosnchild]

My daughter is currently in Year 12 and we have started visiting uni open days. She wants to go away to university. Looking at student loans though, it looks like she will only get about £5k due to our household income which is around £69k. Halls of residence we have looked at so far are coming in around £8-£9k. How do students manage to pay this if the parents cannot contribute significant sums?

I was kind of under the illusion that the student loan would cover this but it seems the system expects the parents to contribute thousands of pounds to support their child/ren at uni.

I know there is part time work but that is not guaranteed and not sure how much that would amount to.

Help gratefully received as I find this all quite confusing.

We pay DD's rent just over £700 a month. It is a catered hall so no extra food costs. She lives off the minimum loan so nearly £100 a week (52w).

I’ve not saved for DD’s uni (2026) as I’ve simply not been able to as a lone parent . I earn £40k and get most of the maintenance loan, I think that will pay accommodation and then I think I will need to top up £400pm as dd will self cater and has some dietary restrictions. We seem spend over £600 a month on food for the two of us so when she’s away I plan to cut that to £200 for me and fund her that way.
i will pay for her to travel home and she won’t get getting any money in holidays so will need to find work.
I’m sure on £69k it’s doable