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Maintenance loan or universal credit?

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I am going back to education to get my degree that I put off whilst raising children. I am currently on universal credit with my husband working full time, so the UC makes up the difference. I am wondering if it would be better financially in the long term to stay on UC whilst studying or apply for a maintenance loan. What are the rules? And what are the financial implications?

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  • kaMelo
    kaMelo Posts: 2,856 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    I am going back to education to get my degree that I put off whilst raising children. I am currently on universal credit with my husband working full time, so the UC makes up the difference. I am wondering if it would be better financially in the long term to stay on UC whilst studying or apply for a maintenance loan. What are the rules? And what are the financial implications?
    If you apply to study and a student loan is available to you then you will be classed as taking the maximum available whether you take it or not, you don't get a choice in the matter.
    How that affects your eligibility for UC will depend upon your whole circumstances.
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