The maximum student maintenance loan outside London varies depending on the student’s household income and other factors, but it can be up to £9,488 per year.
Detailed answer to your inquiry
Student maintenance loans are financial support that is available to students in order to help them with living costs while studying. The maximum student maintenance loan outside London varies depending on the student’s household income and other factors, but it can be up to £9,488 per year.
According to the Student Loans Company, the maximum loan amount for the academic year 2020/2021 is:
- £9,488 for students living away from home and studying outside London
- £7,747 for students living at home
- £8,944 for students living away from home and studying in London
- £6,980 for students living at home and studying in London
It’s worth noting that these are maximum amounts and students may be eligible for less, depending on their circumstances.
One interesting fact is that maintenance loans are different from tuition fee loans, which help cover the cost of tuition fees and are also available to eligible students. Tuition fee loans have a maximum amount of £9,250 per year for full-time courses in England.
Another interesting fact is that students only start repaying their loans once they are earning above a certain amount. The current threshold is £26,575 per year. The interest rate also varies depending on the income of the recipient.
As Casey Bond, a personal finance expert, once said, “Student loans take a long-term toll on your finances. Make sure you understand the full cost before taking on any debt.” It is important for students to do their own research and fully understand their financial situation before taking on any loans.
Table:
| Living situation | Location of study | Maximum loan amount |
|---|---|---|
| Away from home | Outside London | £9,488 |
| At home | Outside London | £7,747 |
| Away from home | London | £8,944 |
| At home | London | £6,980 |
See the answer to your question in this video
The video “Student Finance Explained” covers various aspects of student finance, including eligibility for the two types of loans – tuition fee loan and maintenance loan. The video recommends applying early and provides a table with maintenance loan amounts for different circumstances and qualifications. The bursaries available, differences in finance for Scottish students, and budgeting advice are also discussed. The video offers useful links to grants and bursaries, as well as budgeting tools. The speaker concludes by emphasizing the importance of budgeting and thanking viewers for watching.
Other viewpoints exist
You can borrow up to £9,978 if you are living away from home but outside London, and up to £13,022 away from home in London.Apr 6, 2023Student Maintenance Loans: What to Know – NerdWalletNerdWalletNerdWalletNerdWalletNerdWalletThe maximum student maintenance loan you could get is £12,667 if you are living away from home and in London, if your household income is under £25,000 per year …Jan 6, 2023How Much Maintenance Loan Should You Get Minimum?Student BeansStudent BeansStudent BeansStudent BeansAbout featured snippets•Feedback.pkWBse{box-shadow:0 2px 10px 0 rgba(0,0,0,0.2)}.pkWBse{border-radius:8px}sentinel{}.PBn44e{border-radius:8px}.yTik0{border:none;display:block;outline:none}.wplJBd{white-space:nowrap}.JM22S::-webkit-scrollbar{width:8px}.JM22S::-webkit-scrollbar-thumb{background-color:#bababa;border-right:4px solid #fff}.iQXTJe{padding:5px 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now.What is the max student loan outside of London?What is the maximum maintenance loan for 2023 24 outside London?What is the maximum maintenance student finance England?What is the max student loan per year UK?FeedbackStudent finance for undergraduates: New full-time studentsGOV.UKhttps://www.gov.uk › student-finance › new-fulltime-s…GOV.UKhttps://www.gov.uk › student-finance › new-fulltime-s…If you’re a full-time student, you can get up to £9,250. If you’re studying an accelerated degree course, you could get up to £11,100. Maintenance Loan for …How you’re assessed and paid · Long Course Loan · Household incomeStudent Finance Maintenance Loans 2023Save the Studenthttps://www.savethestudent.org › student-finance › ma…Save the Studenthttps://www.savethestudent.org › student-finance › ma…The maximum Maintenance Loan is £13,022. This is paid to students who will be living away from home and in London, and whose annual household income is …(function(){var uer=false;var eid=’fld_1′;(function(){var a=google.c.wh0,b=google.c.whu;var c=uer,d=Date.now(),e=google.c.sxs?”load2″:”load”;if(google.timers&&google.timers[e].t){var f=0;if(eid){var g=document.getElementById(eid);g&&(f=Math.floor(g.getBoundingClientRect().top+window.pageYOffset))}b&&!google.c.wh&&(google.c.wh=Math.floor(window.innerHeight||document.documentElement.clientHeight));var h=google.c.wh,k;k=a&&!h?!1:f>=h;for(var l=document.getElementsByTagName(“img”),m=0,n=void 0;n=l[m++];)google.c.setup(n,!1,f);k&&google.c.ubr(!1,d,f,!c)};}).call(this);})();.ULSxyf{margin-bottom:44px}.hlcw0c{margin-bottom:44px}.RTaUke{display:none;opacity:0}.xvfwl{margin-top:4px}.csDOgf.I5pXif{position:absolute}.csDOgf.Pyz0Gd{margin-top:2px}.wuQ4Ob{color:#70757a}.WZ8Tjf{color:#70757a;}.d4rhi .LC20lb{margin-bottom:0px}.FxLDp{box-sizing:border-box;display:flex;flex-direction:column;list-style-type:none;margin:0;padding:18px 0 0 16px;width:100%;padding-left:18px}.MYVUIe{margin-bottom:18px;display:flex}.MYVUIe:last-child{margin-bottom:0}.XN9cAe{flex:1;box-sizing:border-box}.oIk2Cb{margin:0}.y6Uyqe{margin-left:-8px;margin-right:-8px;padding:6px 0 0 0}.kfsfbe.kfsfbe{padding:0 0 8px}.EIaa9b{display:flex}.AJLUJb{display:flex;flex:1;flex-direction:column}.R0xfCb{margin-bottom:4px;margin-top:4px}.k8XOCe{align-items:center;background-color:#f1f3f4;border-radius:100px;box-sizing:border-box;display:flex;max-height:none;min-height:48px;padding-left:17px;padding-right:17px;position:relative}.k8XOCe:hover,.k8XOCe:active{color:#202124}.s75CSd{-webkit-box-orient:vertical;color:#202124;display:-webkit-box;flex:1;font-size:16px;-webkit-line-clamp:2;max-width:227px;overflow-wrap:break-word;overflow:hidden}.unhzXb{border-radius:4px}.aXBZVd{background-image:url(“data:image/svg+xml,%3Csvg xmlns=’http://www.w3.org/2000/svg’ width=’24’ height=’24’ viewBox=’0 0 24 24’%3E%3Cpath fill=’rgba(0,0,0,.54)’ d=’M20.49 19l-5.73-5.73C15.53 12.2 16 10.91 16 9.5 16 5.91 13.09 3 9.5 3S3 5.91 3 9.5 5.91 16 9.5 16c1.41 0 2.7-.47 3.77-1.24L19 20.49 20.49 19zM5 9.5C5 7.01 7.01 5 9.5 5S14 7.01 14 9.5 11.99 14 9.5 14 5 11.99 5 9.5z’/%3E%3C/svg%3E”);background-position:center;background-repeat:no-repeat;background-size:20px;height:20px;padding:10px;width:20px}.u60jwe{margin-right:0px}.r2fjmd{margin-bottom:0px;margin-top:0px}sentinel{}.z1asCe.kQdGHd,.WqQeqc.kQdGHd{position:absolute}.WZH4jc{text-align:center}.WZH4jc .VknLRd{pointer-events:none}.WZH4jc .VknLRd:hover,.WZH4jc .VknLRd:hover h3{text-decoration:none}.WZH4jc .GNJvt{background:#f1f3f4;border:1px solid rgba(255,255,255,0);box-sizing:border-box;cursor:pointer;font-size:14px;line-height:20px;pointer-events:auto;position:relative;width:300px;padding:7px 11px;margin:0;flex-direction:row-reverse;align-items:center;display:flex;justify-content:center;margin-left:auto;margin-right:auto;height:36px;border-radius:18px}.WZH4jc .VknLRd:hover .GNJvt{background:#D8D7DC}.WZH4jc .kQdGHd{position:relative;left:0}.WZH4jc .OTvAmd{display:block}.WZH4jc .RVQdVd{line-height:20px;margin-right:8px}.KXbwLb{background-color:#dadce0;border:0;height:1px;left:0;margin-top:18px;position:absolute;width:100%}.QjmzCd{text-align:center;margin:25px 0;height:30px}.w7LJsc{height:45px;margin-bottom:28px}.GNJvt{display:block;background-color:#f1f3f4;text-align:center;font-size:14px;color:#202124;border-radius:20px;height:24px;line-height:24px;border:1px solid rgba(255,255,255,0);padding:8px 13px;margin:16px 16px 40px 16px;}.RVQdVd{line-height:24px}.kQdGHd{color:#70757a;left:13px;position:absolute}.GNJvt:active{background:#e6e6e6}.VknLRd{-webkit-tap-highlight-color:transparent;display:block}.ipz2Oe{position:relative}Maintenance loan for living costs | Imperial studentsImperial College Londonhttps://www.imperial.ac.uk › students › loans-and-grantsImperial College Londonhttps://www.imperial.ac.uk › students › loans-and-grantsThe maximum loan amount in 2023-24 for students living away from home in London is £13,022. See the gov.uk website for more information.What’s available – Maintenance Loan – Full-time undergraduateslc.co.ukhttps://www.practitioners.slc.co.uk › whats-availableslc.co.ukhttps://www.practitioners.slc.co.uk › whats-availableStudents can apply for a Maintenance Loan to help with their living costs.Studying outside London and not living with parents, £9,978, £9,706.Student loans and finance 2023 | Prospects.ac.ukProspectshttps://www.prospects.ac.uk › applying-for-universityProspectshttps://www.prospects.ac.uk › applying-for-university — In England, universities can charge up to £9,250 per year for 2023/24 entry – this figure is the same cap as for the last four academic years.
The maximum student maintenance loan for the academic year 2022/2023 is £9,488 if you are living away from home and studying in London, or £8,430 if you are living away from home and studying outside of London. If you are living away from home but outside London, you can borrow up to £9,978, and up to £13,022 away from home in London. If your course involves a year studying abroad, you can borrow up to £11,427. These figures may vary depending on the academic year and your living arrangements.
The maximum amount that you can borrow for the academic year 2022/2023 is £9,488 if you are living away from home and studying in London, or £8,430 if you are living away from home and studying outside of London.
You can borrow up to £9,978 if you are living away from home but outside London, and up to £13,022 away from home in London. If your course involves a year studying abroad, you can borrow up to £11,427.
Maximum Maintenance Loan for the 2019/20 academic year: Maximum Maintenance Loan for the 2020/21 academic year: Living with parents: £7,529: £7,747: Studying in London and not living with parents: £11,672: £12,010: Studying outside London and not living with parents: £8,944: £9,203: Living and studying abroad for at least one term as part of their UK course
People are also interested
Beside above, What is the max student loan outside of London? The answer is: How much you can get
| 2022 to 2023 academic year | 2023 to 2024 academic year | |
|---|---|---|
| Living away from your parents, in London | Up to £12,667 | Up to £13,022 |
| You spend a year of a UK course studying abroad | Up to £11,116 | Up to £11,427 |
| If you’re 60 or over on the first day of the first academic year of your course | Up to £4,106 | Up to £4,221 |
Similar
What is the maximum maintenance loan for 2023 24 outside London? The reply will be: £9,978
Maintenance loan applications will open in March. Loan amounts for 2023/24 entry are: Up to £8,400 if you’re living with your parents during term time. Up to £9,978 if you’re living away from home outside London.
Likewise, What is the maximum maintenance student finance England? Response: What are the minimum and maximum Maintenance Loans in England? The minimum Maintenance Loan on offer for students from England is £3,698. This is paid to students with a household income of £58,291 or more who will live at home during their time at uni. The maximum Maintenance Loan is £13,022.
Besides, What is the max student loan per year UK?
As a response to this: £9,250 per year
You can borrow money for your tuition fees and for living expenses. A tuition fee loan goes towards the cost of your course, up to a maximum of £9,250 per year – which is the full cost of tuition in most cases – and is paid directly to your university or college.
Also, What is the maximum maintenance loan available to students in England?
Answer: Steve West, the UUK president, said the maximum maintenance loan available to students in England this year would be £1,000 less than a job paying the national minimum wage. Photograph: aberCPC/Alamy
Regarding this, Can a student get a maintenance loan? Students can apply for a Maintenance Loan to help with their living costs. How much they can get depends on where they live while studying. They can also apply for a higher amount that’s based on their household income. The following table shows the maximum Maintenance Loan amounts for courses that started after 1 August 2016.
Moreover, What is a maintenance loan in Scotland? The response is: The minimum Maintenance Loan on offer to Scottish students is £6,000, paid to those in the highest income band (£34,000 and above). The entire sum is a loan, meaning it must be repaid. Our guide to Student Finance in Scotland explains everything you need to know about Scottish Maintenance Loans and more.
Is your maintenance loan big enough? Response will be: And, every year, we find that the Maintenance Loan isn’t big enough. Our latest survey found the average monthly shortfall between Maintenance Loans and student living costs is £439. As such, two in three (66%) students in the survey said their Maintenance Loan isn’t enough.
Simply so, What is the maximum maintenance loan available to students in England?
Steve West, the UUK president, said the maximum maintenance loan available to students in England this year would be £1,000 less than a job paying the national minimum wage. Photograph: aberCPC/Alamy
Moreover, How much is a student loan in England? The answer is: It’s complicated, and a lot comes down to household income. For example, in England for 2020-21, the maximum loan for a student living at home is £7,747 and the minimum £3,410. If you’ll be living away from home, outside London, the maximum and minimum are £9,203 and £4,289. If you’ll be living away from home in London, it’s £12,010/£5,981.
Beside above, What is the maintenance loan? The answer is: The Maintenance Loan is designed to support full-time Home students with their living costs e.g. food, rent and travel. Find out more about who qualifies for financial support from the Government on the gov.uk website. How much can I get? The maximum loan amount in 2022–23 for students living away from home in London is £12,667.
Herein, Can a student get a maintenance loan?
The reply will be: Students can apply for a Maintenance Loan to help with their living costs. How much they can get depends on where they live while studying. They can also apply for a higher amount that’s based on their household income. The following table shows the maximum Maintenance Loan amounts for courses that started after 1 August 2016.