A Maintenance Loan, sometimes called a Living Cost Loan, is funding to help with day-to-day costs while studying. It’s paid directly to the student.
This loan is only available to new and continuing full-time students studying an eligible:
- undergraduate course
- Initial Teacher Training (ITT) course
- Postgraduate Certificate in Education (PGCE)
Maintenance Loans are subject to repayment and accrue interest from the date first payment is made to the student.