speaking from experience - research

research into student loans and how students cope with money.


I did some further research into student loans, how much people usually get from their loan and how much they actually get to keep to blow on items, such a mac.

this is what i found out...

The amount of student loan you can get for living costs varies depending on your circumstances. The loan covers 52 weeks from the first day of the academic year of your course. The amount of loan you can get depends on your family's income. In general, the maximum and minimum loan amounts for courses that last for 30 weeks are:

• £4,457 (Maximum) or £605 (Minimum) if you are living in your parents' home;
• £5,417 (Maximum) or £915 (Minimum) if you are living away from home and studying outside London ; or
• £6,502 (Maximum) or £915 (Minimum) if you are living away from home and studying in London .

You will get extra loan payments for each week you have to study on the course over 30 weeks and three days as follows:

• £54 if you are living in your parents' home;
• £83 if you are living away from home and studying outside London ; or
• £106 if you are living away from home and studying in London .
  

Minus your tuition fees which are around £3000 the average student at leeds will be left with £2500 for the year, giving them around £50 a week to live off, not really leaving them with much money to blow on a macbook so unless you have well off parents your pretty screwed if you want a mac at university, which is why i my book of advise would be quite helpful.