For each academic session all maintenance stipends will be split into approximate thirds, with the Summer Term instalment slightly higher. This is to make the payments even over the whole academic session, and reflect the earlier start to the academic year.
If your award is less than £1,000 for the whole session then you will be paid the full amount of the award in the Michaelmas Term.
Examples of the payment breakdown:
Maintenance stipend = £10,000
Termly Values: £3,300 | £3,300 | £3,400
Maintenance stipend = £14,000
Termly values: £4,620 | £4,620 | £4,760
Maintenance stipend = £16,553
Termly values: £5,462.49 | £5,462.49 | £5,628.02
Maintenance stipend = £18,000
Termly values: £5,940 | £5,940 | £6,120