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Bailarin

Maintenance Loans - reduced payments

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Noticed upon applying for student finance for 2016/17 that our maintenance loan towards the accommodation has gone down by £500.  Not enough to cause major dramas admittedly but then I googled and read of someone being unable to afford their rent in their final year of uni studying as the loans can be cut by up to a quarter.  Apparently the reasoning for this is that they will no longer be a student over the summer of their final year so need less to live off.  Anyway,  just something else to be considered when thinking about the costs of living away from home and studying a degree course so thought I'd share it as i thought it was a mistake with their calculations!

 

http://www.theguardian.com/education/2014/oct/03/why-do-maintenance-loans-drop-by-1000-in-final-year

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