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Maintenance loan

The maintenance loan is the main student loan product for living costs for full-time undergraduate students and those on initial teacher training courses.

It comprises the non-financially assessed portion which all students who are eligible for the loan can receive; the financially assessed portion, which depends on household income; and a provision for extra weeks' study, which is also financially assessed.

Maximum entitlement is affected by place of residence, (parental home, away from parental home or away from parental home in London), year of course (final or non-final), and entitlement to other financial support, such as NHS bursaries. Maintenance loans are paid directly to the student in three instalments