If your maintenance payment is less than £1,000 for the academic year, you will be paid the full amount in the Michaelmas Term.
Maintenance payments with a value of over £1,000 in total for the academic year will be split into termly instalments of 33% in Michaelmas Term, 33% in Lent Term and 34% in Summer Term. Examples of the payment breakdown:
Total maintenance payment = £14,400
Termly values: £4,752 | £4,752 | £4,896
Total maintenance payment = £17,609
Termly values: £5,810.97 | £5,810.97 | £5,987.06
Total maintenance payment = £18,000
Termly values: £5,940 | £5,940 | £6,120