Who gets the maximum student loan?

Author	Message
Written on: 13.11.2009 [04:22]
Linda Linda Topic creator Posts: 4	When the SLC works out how much to award each student, what do they base the calculations on, and who will get the maximum student loan?
Written on: 16.11.2009 [14:04]
Mala Mala Posts: 3	The student loan is in two parts, covering tuition fees and maintenance, which basically means that it covers your course fees and living costs. The SLC works out the amount you need, as you said, which means that they take things like your location and your specific course into account. If you are studying an expensive course, or studying in an expensive area like London, you will get more money to cover the costs involved. Your parents' income is also considered for the maintenance loan, since your parents will probably pay for some items, like books or clothes or even rent, if they can. For these reasons, the biggest loan for tuition fees will go to the person studying the most expensive course, while the biggest maintenance loan will go to someone whose parents can't support them, and who plans to live away from home in an expensive place!
Also very interesting: In need of advice re: paying back student loan How to check my student hmrc loan balance? Who has done private education loan consolidation before? Should I opt for student loan debt consolidation? How to get a NatWest student loan? For the student finance form (PN1) how finite are the details you give? Any requirements for international students & loan offers in the USA? Who decides the student loans interest rate? Do you have to pay interest on student loans? How does a Next Student loan compare?
Written on: 25.11.2009 [12:54]
Marissa Marissa Posts: 2	If you put your details here in the student finance calculator then you will be able to find out whether you are entitled to the maximum student loan. http://www.studentfinance.direct.gov.uk/portal/page?_pageid=153,4680089&_dad=portal&_schema=PORTAL