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Disparity in Living Loans across the UK

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Comments

  • Scopolamine
    Scopolamine Posts: 7 Forumite
    edited 31 January 2019 at 9:08PM
    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.
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