For each academic session all maintenance stipends will be split into approximate thirds, with the Summer Term instalment slightly higher. Even though the Summer Term is shorter, there is a long gap until the start of the next term.
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 = £14,400
Termly values: £4,752 | £4,752 | £4,896
Maintenance stipend = £17,009
Termly values: £5,612.97 | £5,612.97 | £5,783.06
Maintenance stipend = £18,000
Termly values: £5,940 | £5,940 | £6,120