Hi everyone,
I’m a student at Royal Holloway and I’ve been offered the chance to progress to a placement-year, and I was initially really excited about it too
However, I’ve just checked my Student Finance for the placement year and my maintenance loan has dropped from around £10,000 (normal year) to about £3,500 total for the year?
The placement is unpaid (only travel expenses covered), and my rent alone is rising to about £660/month, so financially it looks like I’d be short by a lot.
Now I’m really just worried and conflicted. I dont know what I'm gonna do. i just feel like a muppet for getting my hopes up so high, only for SFE to dramatically drop the amount of my loan.
Has anyone been in a similar situation doing an unpaid placement year? could anyone give me some advice/help??