LeeM
Member
Registered: 26th Sep 05
Location: Liverpool
User status: Offline
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do you get the grant on top of the loan? someone at uni told me the grant knocks off your loan so you dont pay back as much.
i can only seem to apply for £3500 based on household income, but with no mention of the grant, it says i can have £3500 loan and may be able to have £2900 grant but then on final pages it just says im getting £3500, that wont even cover halls...
basically the finance website is shit at actually explaining anything, and no one at uni or college has been able to help so far, can anyone whos actually studying and receiving a loan tell me what i get and how etc?
cheers
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shaunmods
Premium Member
Registered: 12th Mar 07
Location: Glascote, Staffordshire
User status: Offline
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The website is pretty useless aint it 
Have you sent off all your p60's and that to them to show that you are entitled to the grant? Im having a bloody nightmare sorting mine out as well.
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LeeM
Member
Registered: 26th Sep 05
Location: Liverpool
User status: Offline
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no i couldnt remember my log in stuff so only just submitted my application. i'll be entitled to it though.
i just wanna know if im getting £3500 or £6400
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shaunmods
Premium Member
Registered: 12th Mar 07
Location: Glascote, Staffordshire
User status: Offline
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quote:
Originally posted by LeeM
no i couldnt remember my log in stuff so only just submitted my application. i'll be entitled to it though.
i just wanna know if im getting £3500 or £6400
Theres a bit where you can get them to email you your login details mate  I've had to do it about 20 times lol
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LeeM
Member
Registered: 26th Sep 05
Location: Liverpool
User status: Offline
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yeah got all the info eventually. i forgot both my customer number and secret answer, cant reset or find out either without the other 
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charcoalgrill
Member
Registered: 23rd Oct 02
Location: Bristol
User status: Offline
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I think you will find the max you can get is around £3500. (Unless you are a student nurse/medical who get more)
I get grant given to me when I get student loans.
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LeeM
Member
Registered: 26th Sep 05
Location: Liverpool
User status: Offline
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and the grant is on top of the loan?
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ed
Member
Registered: 10th Sep 03
User status: Offline
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You only get a grant in certain circumstances. If you go through the application and they deem you fit for one, you get it.
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LeeM
Member
Registered: 26th Sep 05
Location: Liverpool
User status: Offline
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from what i gather it goes off household income and im within the limit so should be good
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charcoalgrill
Member
Registered: 23rd Oct 02
Location: Bristol
User status: Offline
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yes it is on top of the loan, so when loan comes in (if you get max) you should get about 2K
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Simon
Member
Registered: 24th Apr 03
Location: Oxfordshire
User status: Offline
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Last year I got the loan and then a fee grant, so they paid all my fees. That was because I am over 25 and have been living independently for over 3 years though
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antnee
Member
Registered: 30th Dec 07
Location: Cov Drives: Clio 197
User status: Offline
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If your parents earn under 45k, thats when you start to get some grant.
I get 4.5k, all loan
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noshua
Member
Registered: 19th Nov 08
User status: Offline
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If you phone up they will reset your password and memorable data.
The grant will cancel out part of the loan, not give it you extra.
EDIT: IIRC it's around £3,500 if you live at home, more (probably £4,500 as ant mentioned) if you live away.
[Edited on 18-05-2011 by noshua]
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LeeM
Member
Registered: 26th Sep 05
Location: Liverpool
User status: Offline
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quote:
Originally posted by noshua
The grant will cancel out part of the loan, not give it you extra.
[Edited on 18-05-2011 by noshua]
quote:
Originally posted by charcoalgrill
yes it is on top of the loan, so when loan comes in (if you get max) you should get about 2K
see its just conflicting information all the time
when i was on the site and said i wanted household income to be taken into consideration, i put less than £25k and it said i could have £3500 loan. if i put it up the £40k it said i could have a £5k loan. nothing is explained very well tbf
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antnee
Member
Registered: 30th Dec 07
Location: Cov Drives: Clio 197
User status: Offline
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It depends on household income, it will reduce your loan for a bit (going down the payscale) and then start adding to it.
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LeeM
Member
Registered: 26th Sep 05
Location: Liverpool
User status: Offline
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so if your parents earn more you can get a bigger loan because you get no grant?
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ashleh
Member
Registered: 23rd Dec 08
Location: Nottingham
User status: Offline
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Noshua is right, opposed to the full loan, I got a bit less and more grant.
+ my bursary came in today  .
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ed
Member
Registered: 10th Sep 03
User status: Offline
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quote:
Originally posted by LeeM
so if your parents earn more you can get a bigger loan because you get no grant?
No.
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LeeM
Member
Registered: 26th Sep 05
Location: Liverpool
User status: Offline
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ill get a bursary in january i believe, £500
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LeeM
Member
Registered: 26th Sep 05
Location: Liverpool
User status: Offline
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quote:
Originally posted by ed
quote:
Originally posted by LeeM
so if your parents earn more you can get a bigger loan because you get no grant?
No.
so why can you get a bigger loan if your parents earn more??? if the grant comes off the loan id be worse off. i dont get get it at all
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ashleh
Member
Registered: 23rd Dec 08
Location: Nottingham
User status: Offline
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How would you, usually you don't get a grant unless your means tested. You don't pay the grant back, so having a smaller loan is surely beneficial? The grant usually balances out what you lose on the loan.
I'm not sure how it exactly works, I'm sure theres a calculator on the student finance website?
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LeeM
Member
Registered: 26th Sep 05
Location: Liverpool
User status: Offline
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even ringing student finance is a nightmare. ive got to either enter my number that i dont know or go online according the shit options
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shaunmods
Premium Member
Registered: 12th Mar 07
Location: Glascote, Staffordshire
User status: Offline
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quote:
Originally posted by LeeM
even ringing student finance is a nightmare. ive got to either enter my number that i dont know or go online according the shit options
Have they sent you any paperwork through the post Lee? If so your number will be on there
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ashleh
Member
Registered: 23rd Dec 08
Location: Nottingham
User status: Offline
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they are shit, I remember spending around an hour on the phone to them before.
My first year I got 3 installments of around £900 quid + the tuition fee and thats it. I lived at home though and didn't apply for extra help.
Second year I moved away and applied for extra help, got 3 installments of 900 as a grant, then another 3 installments of 1100 as a loan + the tuition fee.
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LeeM
Member
Registered: 26th Sep 05
Location: Liverpool
User status: Offline
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sorted, i managed to get an advisor on the phone. £3500 loan, 2900 grant on top. £6400 in total. thats a relief
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