We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Disparity in Living Loans across the UK

Options
2»

Comments

  • Scopolamine
    Scopolamine Posts: 7 Forumite
    edited 31 January 2019 at 10:08PM
    After a bit more research I've uncovered the exact details of the financing (at least in NI) for student loans. Seems that there's a grant and a loan available to students there. The grant reduces and the loan increases as the household income increases. The combination starts at £6428 for students from households with incomes under £19200 and reduces as the income increases, Once the household income hits £30000 and above the combined value sticks at £4840 until you hit a household income of £41540 and above where it's no grant and a loan of 75% of the full grant (i.e. £3630).

    So basically parental contribution in this case should be £6428 - (grant + loan). Now if the grant and loan are allocated separately and you get separate letters informing you of such I can see Martins plan to inform students of their parental contribution being a real headache to implement.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 598.9K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.