Well ive had my student loan slip through the post and theyre giving me a £3500 loan and a £1600 grant. So basicly after the 3 years ill have to pay back £10,000. Ill be living at home and IF i take the loan my mum wants £40 a week rent. Which will leave me £240 extra a month for petrol and such. I work part time at morrisons which fetches around £250 a month. My question is should i keep the loan or cancel it Itd be nice but £10,000 is a lot to pay back what would you do?