What is the minimum student maintenance loan for London?
What is the minimum student maintenance loan for London?
The minimum Maintenance Loan on offer for students from England is £3,516, which is paid to students with a household income of £58,222 or more and who’ll be living at home during their time at uni.
How much do you get for a student maintenance loan?
Students studying in London and living away from home: If your household income is below £25,000, you will be eligible for the maximum amount of Maintenance Loan £12,382. If your household income is above £25,000, 50.2% of the Maintenance Loan is income assessed on a sliding scale.
What is the maximum student maintenance loan 2021 22?
£4,104
The maximum amount of Maintenance Loan for 2021/22 is £4,104. Students with household incomes above £25,000 lose £1 of loan for every complete £4.73 increase in income above £25,000 until a household income of £43,750 is reached where a minimum £50 loan is paid.
What is the maximum maintenance loan 2021?
Maintenance Loan for living costs
| 2020 to 2021 academic year | 2021 to 2022 academic year | |
|---|---|---|
| Living at home | Up to 7,747 | Up to £7,987 |
| Living away from home, outside London | Up to £9,203 | Up to £9,488 |
| Living away from home, in London | Up to £12,010 | Up to £12,382 |
| You spend a year of a UK course studying abroad | Up to £10,539 | Up to £10,866 |
What is a maintenance loan used for?
It can help pay for things such as rent, food, books, travel, and other expenses. Any loan you borrow needs to be paid back, but not until you’ve finished or left your course, and your income is over the repayment threshold.
Do you get a maintenance loan every year?
In your final year of uni or college, you’ll get less Maintenance Loan than you had in other years. This is because student finance usually covers the breaks between each year, but you’re no longer entitled to it once your course has ended.