Grants and loans for living costs
Funding from September 2012:
There are grants and loans available to full-time students to help with living costs.
Full-time U.K. undergraduate students from lower income households will be eligible for a non-repayable maintenance grant which is worth up to £3,250 a year. How much a student will get will depend on their income and that of their household.
For students commencing their study from September 2012 if that income is £25,000 or less the student will receive the full £3,250 grant.
A partial grant will be payable where household income is between £25,001 and £42,600.
Living costs loans and grants are paid in three instalments in each academic year.
Student loans for maintenance
(living costs)
|
Student's circumstances when studying at Bolton
|
Maximum Annual Loan
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Minimum Annual Loan
|
|
Living away from parents (or 25+)
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£5,500
|
£3,875
|
|
Living with parents (under 25’s only)
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£4,375
|
£2,750
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Maintenance grants are non-repayable. Student loans are repayable once you leave university and are earning over £21,000 per year.
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