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Student Finance: Maintenance loan

Student Finance: Maintenance loan

What is the Maintenance Loan for?

This is money to help towards your living costs, like rent and food.

Age limit

If you started your course from September 2016 onwards, there is no age limit for the maintenance loan. However, if you are aged 60 or over on the first day of the course you will be eligible for a reduced amount of Maintenance loan which is income assessed.

If you started your course before September 2016, you must be under 60 on 1st September in the year you start your course, to apply for a Maintenance Loan.

How is the Maintenance Loan paid?

Your Maintenance Loan is paid directly into your bank account in three equal instalments, at the start of each semester (usually September, January and April).

Student Finance: Long Courses Loan

You can get an extra amount of Maintenance Loan in any academic year which has more teaching weeks than the standard 30 weeks and 3 days (not including university vacation periods). If you are required to attend for 45 weeks or more in an academic year, you will be treated as if you are studying for a full 52 weeks and your loan will be paid accordingly. The Long Courses Loan is income assessed. The maximum amount if you live away from your parental home is £120 a week, and the maximum amount if you live at your parental home is £61 a week. Student Finance England will assess your entitlement for the Long Courses Loan using the semester dates that you put on your Student Finance application each academic year, so it is important that these dates are correct. You can check these dates with the Student Office at Whitechapel.

Short-term Loans from QMUL

If you are in financial difficulty because your Student Finance is late, you can apply for a discretionary short-term interest free loan from QMUL, if you are either a Home student, or an EU student who is eligible for Student Finance for living costs. Please contact the Bursaries, Grants and Scholarships Office, via the Student Enquiry Centre, room CB2 Queens’ Building. Or email bursaries@qmul.ac.uk

How much is the Maintenance Loan?

The maximum amount of Maintenance Loan you can get depends on when you start your programme, where you live, and what year of your programme you are in.

Course start date from 1 August 2016 onward (‘2016 cohort' students)

In 2018/19, the Maintenance Loan rates for students studying in London are:

Where you will be living

Maximum Maintenance Loan (100%)

Non-income assessed Maintenance Loan

Students not in their final year

Living away from home

£11,354

£5,654

Living at home

£7,324

£3,224

Final year students

Living away from home

£10,518

£5,151

Living at home

£6,892

£2,962

Income assessment

If your household’s income is £25,000 or below, you will get the maximum amount of Maintenance Loan at whichever rate of loan applies to your situation (living at home or living away from home and studying in London).

Students living away from home:

Students with household incomes above £25,000 lose £1 of loan for every complete £8.12 of income above £25,000 until the amount they receive reaches 49.8% of the maximum amount at which point there is no further reduction.   You will always be entitled to at least 49.8% of the maximum amount of Maintenance Loan (£5,654).  Therefore, if your household income is £69,847 or above you will receive £5,654.

Students living at home:

Students with household incomes above £25,000 lose £1 of loan for every complete £8.36 of income above £25,000 until the amount they receive reaches 44% of the maximum amount, at which point there is no further reduction. You will always be entitled to at least 44% of the maximum amount of Maintenance Loan (£3,224). Therefore, if your household income is £58,215  or above you will receive £3,224. 

For more information about the income assessment, see the SFE guide 'How you’re assessed and paid'.

Students Eligible for Welfare Benefits (‘2016 cohort students’)

You might be able to get extra Maintenance Loan to help towards your living costs if:

  • you're a single parent or single foster parent of a child or young person under 20 who is in full-time education below higher-education level or on an approved training course;
  • you have a partner who is also a full-time student and one or both of youis responsible for a child or young person under 20 who is in full-time education below higher-education level or on an approved training course;
  • you have a disability and qualify for the Disability Living Allowance, Disability Premium or Severe Disability Premium;
  • you're deaf and qualify for Disabled Students’ Allowances;
  • you have been treated as incapable of work for a continuous period of at least 28 weeks;
  • you have a disability and qualify for income-related Employment and Support Allowance; or
  • you qualify for Personal Independence Payment or Armed Forces Independence Payment.

In 2018/19, the Maintenance Loan rates for students studying in London and who are eligible for Welfare Benefits whilst also being a full time student are:

 

Where you will be living

Maximum Maintenance Loan (100%)

Non-income assessed Maintenance Loan

Students not in their final year

Living away from home

£12,382

£5,654

Living at home

£8,640

£3,224

Final year students

Living away from home

£11,604

£5,151

Living at home

£8,237

£2,962

Household Income assessment – Students Eligible for Benefits. 

If your household’s income is £25,000 or below, you will get the maximum amount of Maintenance Loan at whichever rate of loan applies to your situation (living at home or living away from home and studying in London).

Students living away from home. 

Students with household incomes above £25,000 up to and including £42,875 lose £1 of loan for every complete £5.59 of income above £25,000. For income in excess of £42,875 up to and including £69,850, students lose £1 of loan for every £8.12 of income until the amount they receive reaches 45.6% of the maximum amount at which point there is no further reduction. Therefore, if your household income is £69,850 or above you will receive £5,654.

Students living at home. 

Students with household incomes above £25,000 up to and including £42,875 lose £1 of loan for every complete £5.237 of income above £25,000. For income in excess of £42,875 up to and including £58,216 students lose £1 of loan for every complete £8.36 of income until the amount they receive reaches 37.3% of the maximum amount at which point there is no further reduction. Therefore, if your household income is £58,216  or above you will receive £3,224. 

For more information about the income assessment, see the SFE guide Student finance - how you're assessed and paid

How will my loan affect means-tested welfare benefits?

If you have an underlying entitlement to claim benefits despite being a full time student, for example you are a lone parent or if you have a disability or ongoing health issue, you may be eligible for a higher amount of Maintenance Loan (see above table). Part of the Maintenance Loan for living costs is paid as a 'Special Support Element' for books, childcare, travel and equipment. This 'Special Support Element (up to £3,680) is not taken into account as income by the Department for Work and Pensions (DWP) when calculating your means tested benefits. Your entitlement letter from SFE should breakdown the Special Support Element portion of the Maintenance Loan seperately.

Students aged 60 or over on the first day of the first academic year of their course.

2016 cohort students aged 60 or over on the first day of the first academic year of their course with a household income of £25,000 or less qualify for the maximum loan for living costs in 2018/19

The maximum amount of Maintenance Loan for 2018/19 is £3,680.

Students with household incomes above £25,000 lose £1 of loan for every complete £5.31 increase in income above £25,000 until a household income of £43,675 is reached where a minimum £50 loan is paid. Students on household incomes above £43,675 do not qualify for a loan for living costs.

Course start date between 2012 and 2015 (‘2012 cohort students’)

In 2017/18 the Maintenance Loan rates for students studying in London are:

Where you will be living

Maximum Maintenance Loan (100%)

Non-income assessed Maintenance Loan (65%)

Maximum Maintenance Loan minus maximum Maintenance Grant substitution[1]

Students not in their final year

Living away from home

£8702

£5656

£6906

Living at home

£4960

£3224

£3164

Final year students

Living away from home

£7925

£5,151

£6129

Living at home

£4557

£2962

£2761

Income assessment

If your household’s income is £42,875 or below, you will get the maximum amount of Maintenance Loan, less any deduction for the Maintenance Grant (see Maintenance Grant section).

Where your household’s income is above £42,875 your loan amount will be reduced by £1 for every complete £9.12 of the total income above this threshold. However, this reduction does not continue indefinitely. You will always be entitled to at least 65% of the maximum amount of Maintenance Loan applicable to your situation, minus any deduction for the Maintenance Grant (see Maintenance Grant section). 35% of your Maintenance Loan entitlement is income assessed.

For more information about the income assessment, see the SFE guide How you're assessed and paid 2018/19

Student Finance: Reduced rate Maintenance Loan:

From year 5 of the 5 year programme, and years 2-4 on the GEP, your statutory funding will come partly from the NHS and partly from Student Finance. Although you may qualify for an NHS Bursary for living costs during these years (see NHS section below), you can also apply to Student Finance England for a Reduced Rate Maintenance Loan, as your NHS Bursary will usually not be enough to cover your living costs. The Reduced Rate Maintenance Loan is not income assessed.

The 2018/19 rates of Reduced Rate Maintenance Loan (all cohorts) are:

Full Year

Maximum rates of reduced Rate Maintenance Loan

Parental home

£1,744

Away from parental home

£3,263

Final Year

Parental home

£1,324

Away from parental home

£2,498

 

[1] If you get a Maintenance Grant, your Maintenance Loan will be reduced (see Maintenance Grant section).
[2] If you get a Maintenance Grant, your Maintenance Loan will be reduced (see Maintenance Grant section).


Disclaimer:
Law, regulations and policies can change quickly. The information on our website is given in good faith and has been carefully checked but QMUL cannot accept responsibility for any errors or omissions. QMUL is not responsible for the content or reliability of the linked websites which are provided for further information.

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