Do savings effect the grant and loan you receive for university?

December 10, 2009 by · 3 Comments
Filed under: Blog 

I have calculated that roughly I should be getting £2000 grant plus a loan. However, I am taking a gap year to earn some money. After seeing all the questions a friend had to fill out when applying for his finance and how much they want to know about savings, I was wondering whether this will affect what I am entitled to? I was aiming to use the savings along side the grant rather than use the loan. Any help is much appreciated! Thanks!

Yes. Your savings should be put on the fasa and that can affect the amount of finical aid you get.

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