The amount of student loan you can get for living costs varies depending on your circumstances. The loan covers 52 weeks from the first day of the academic year of your course. The amount of loan you can get depends on your family's income. In general, the maximum and minimum loan amounts for courses that last for 30 weeks are:
* £3,570 (Maximum) or £590 (Minimum) if you are living in your parents' home;
* £4,510 (Maximum) or £890 (Minimum) if you are living away from home and studying outside London ; or
* £5,565 (Maximum) or £890 (Minimum) if you are living away from home and studying in London .
You will get extra loan payments for each week you have to study on the course over 30 weeks and three days as follows:
* £53 if you are living in your parents' home;
* £81 if you are living away from home and studying outside London ; or
* £103 if you are living away from home and studying in London .
About Me
- Herman
- I'd love to talk everything about money such as how to make our money work harder, saving and budgeting strategy, including investment and leveraging.
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