Uni Loans - Final Year Question

jcb33 · 17 Feb 2008 at 17:15

Hi all, just wondering, I have been told by a friend that you get "a lot Less Loan In The Third Year" I was just wondering A) Is this true? B) How much is "a lot Less"? As I will be living at uni untill the end of August 2009, due to my rent contract, and if I get less loan I may be in trouble.... Thanks!

gumbald · 17 Feb 2008 at 17:15

I don't think you do, it's all measured on the same scale...

EDIT: unless they give you less because you don't need to get through the whole year, only until you graduate.

I've not taken one out, so I can't give a definitive answer.

DB_SamX · 17 Feb 2008 at 17:16

Yes you do get less but I don't know how much less. Google SLC etc.

And it's "a lot".

jackthezipper · 17 Feb 2008 at 17:18

You get less because you don't have to get money across the summer supposedly. My limit was £1200 which I got, although it's only about £107 a month. Wish you got more in the final year as I don't have as much free time for a job so just live on less and have no money always

Will_3rd · 17 Feb 2008 at 17:26

Got about a £1100 less for my final year, compared to the second. So it is quite a lot less.

Robert · 17 Feb 2008 at 17:28

jcb33 said:
Hi all, just wondering, I have been told by a friend that you get "a lot Less Loan In The Third Year" I was just wondering A) Is this true? B) How much is "a lot Less"? As I will be living at uni untill the end of August 2009, due to my rent contract, and if I get less loan I may be in trouble.... Thanks!

I got exactly the same in all three years.

I graduated in summer '07.

manoz · 17 Feb 2008 at 17:30

I got the same all the years, and this year I'm only doing half the credits

DannyDan · 17 Feb 2008 at 17:40

I got less in the final year, don't remember it being all that much though

Lagmeister · 17 Feb 2008 at 17:41

I got a 1000 more, though having said that, I did move out for this year though.

Jingo... · 17 Feb 2008 at 17:44

I'm currently studying in 3rd year & recieve the exact same amount this year as the last two.

The inconsistancies would suggest you drop a line to your LEA/student loans (whoever is most applicable for you) and ask them.

That or dig out your student finance schedule which you should have recieved last august/september- that will detail your totals and dates.

Skeptic · 17 Feb 2008 at 17:44

30 quid less here

DB_SamX · 17 Feb 2008 at 17:47

5 seconds on google: http://www.slc.co.uk/statistics/facts and figures/maximum_loan_rates_0809.html

You do get less.

excaliborg · 17 Feb 2008 at 17:50

I'm on the same amount, graduating this year.

NotAGolf · 17 Feb 2008 at 17:53

I got the same as well

CryptKeeper · 17 Feb 2008 at 18:07

I got more in my final year, but that was inflation i guess so it was really exactly the same.

Nix · 17 Feb 2008 at 20:22

I got roughly the same, but the fact it's your final year, the debts tend to add up so it's really a lot less than you'd imagine.

spp · 17 Feb 2008 at 21:01

I got less in my final year, think it was a third less. Hit me where it hurt as I really could have used the money then. But the bright side, I have less to pay back as a result.

bum · 17 Feb 2008 at 21:04

I had the exact same amount for my last year. 5 grand baby

Butters · 17 Feb 2008 at 21:11

I've had the same throughout all my years. What a load of tosh!

Dark88 · 17 Feb 2008 at 21:16

Phew was getting worried I'd be getting less next year then! Not sure I see the logic in them reducing it to be honest, surely if you have finals you have even less chance of working to make up the short fall?