Embedded Files
Student Finance offers undergraduate loans to cover university course fees and living expenses such as accommodation. How much you may receive will depend on a variety of factors, with most students being eligible for additional financial support.
Explore the links below to expand your knowledge about the possibilities!
Student Finance offers undergraduate loans to cover university course fees and living expenses such as accommodation. How much you may receive will depend on a variety of factors, with most students being eligible for additional financial support.
Explore the links below to expand your knowledge about the possibilities!
Student Finance Explained
As a full-time student you could be entitled to anywhere from £8,400 to £12,557 per year of study for living expenses (this is called a maintenance loan), with tuition fee loans sitting at up to £9,250 per year.
As a full-time student you could be entitled to anywhere from £8,400 to £12,557 per year of study for living expenses (this is called a maintenance loan), with tuition fee loans sitting at up to £9,250 per year.
Both of these loans are only repayable if you are earning over £25,000 per year after you graduate.
Both of these loans are only repayable if you are earning over £25,000 per year after you graduate.
If you don't earn more than this... you don't pay it back!
If you don't earn more than this... you don't pay it back!
If you do, you repay 9% of everything you earn above £25,000. For example, if you earn £28,000 a year, you repay 9% of £3,000 - which is £22 a month.
If you do, you repay 9% of everything you earn above £25,000. For example, if you earn £28,000 a year, you repay 9% of £3,000 - which is £22 a month.
After 40 years, any and all remaining 'debt' is wiped!
After 40 years, any and all remaining 'debt' is wiped!
Here's a break down of roughly how much you could expect to pay back per month based off your future income.
Money is never a reason to miss out on University
Money is never a reason to miss out on University
You don't need to pay any money upfront to attend university
You don't need to pay any money upfront to attend university
Your maintenance loan is decided by your household income. The less this is, the more you will be eligible for! Student finance is there to help and support you
Your maintenance loan is decided by your household income. The less this is, the more you will be eligible for! Student finance is there to help and support you
Depending on your individual situation, you may also be eligible for additional support from Student Finance or your university. This could include the Disabled Students' Allowance (DSA), a childcare grant, or many other bursaries
Depending on your individual situation, you may also be eligible for additional support from Student Finance or your university. This could include the Disabled Students' Allowance (DSA), a childcare grant, or many other bursaries
Watch this 1 hour video for an in-depth explanation of student loans
Watch this 1 hour video for an in-depth explanation of student loans
Page updated
Report abuse