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Maintenance Loan

Maintenance Loan

What is the Maintenance Loan for?

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

Age limit

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 (please see the bottom of this page for details).

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 (September, January and April).

Long Courses Loan

If you are eligible for a Maintenance Loan, you can get an extra amount of Maintenance Loan above the standard amounts (see below) if you are required to attend your course for more than 30 weeks and 3 days in an academic year. The maximum amount of long courses loan is £120 for each extra week or £61 if you live in your parental home.

Short-term Loans from QMUL

If you are in financial difficulty because your Student Finance is late, or other money is temporarily delayed, you can apply for a discretionary short-term interest free loan from the university, 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, ground floor 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 where you live, when you started your course, and what year of your course you are in. 

You should only apply for the away from home rate of Maintenance Loan if you are living away. SFE may contact you to request evidence that you are living away from home for example your tenancy agreement. If you are living at home and getting the away from home rate of Maintenance Loan, SFE could consider your application to be fraudulent and could cancel your student finance entitlement. It is therefore important to ensure you are getting the correct amount of Maintenance Loan. If you planned to live away from home when you applied for Student Finance but your circumstances change it is important to notify SFE so that they can adjust your entitlement.

Course start date from 1 August 2016 (‘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

ULIP (overseas rate)

£9,963

£4,816

Final year students

Living away from home

£10,518

£5,151

Living at home

£6,892

£2,962

ULIP (overseas rate)

£8,918

£4,185

Household 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 £7.87 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 £8.10 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 theSFE guide Student finance - how you're assessed and paid

Students Eligible for Welfare Benefits

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 you is 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 £5.418 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 £7.87 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 £5.075 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 £8.10 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 £3,124.
 

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 £5.15 increase in income above £25,000 until a household income of £43,695 is reached where a minimum £50 loan is paid. Students on household incomes above £43,695 do not qualify for a loan for living costs.


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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