Student Loans and Other Finance
Tuition fees for our students will vary, depending on government legislation from year to year, with regard to assisting you in financing your degree.
You will be classed as a full time student, therefore you may be eligible for a number of financial loans and grants/allowances that are currently available directly from Student Finance England (SFE).
SFE Tuition Fee Loans and Maintenance Loans
The vast majority of British applicants are eligible for both types of loan offered by SFE.
Tuition Fee Loan: is paid directly from the Student Loans Company to the university in 3 instalments to cover the cost of tuition fees.
Maintenance Loan: is paid directly to the student in 3 instalments to cover their costs of living. A percentage of this is non-means tested, but around £5,000 of the loan is dependent upon income and personal circumstance. Those living with parents will have their parents' income taken into account, and those living with a partner may also need to provide evidence of their partner's income. The maximum maintenance loan awarded is £8,900.
Repayments: Please be aware that student loan repayments are automatically deducted from earnings in the UK once you earn over £25,000 annually (information correct as of April 2018). You will pay 9% on all earnings above this amount, so if you earn £27,000 then you would pay back 9% of £2,000 each year. Students loans are only repayable while you are earning and if you are earning less than £25,000 then your repayments will adjusted accordingly. For more information please visit www.studentloanrepayment.co.uk.
During the student finance application there will be several other grants/allowances that you can apply for, depending on your personal circumstances. The most commonly accessed are:
Special Support Grant: typically offered to lone parents or those with certain disabilities
Disabled Support Allowance: typically offered to those with specific learning needs, with the allowance allowing access to specific support such as one-to-one tutorial support or additional equipment costs
Childcare Grant: This covers up to 85% of childcare costs for dependents under the age of 15
Parent’s Learning Allowance: This helps with course costs for those with dependent children
Adult Dependent’s Grant: This helps with costs if adults rely on you financially
Please be aware that you may have to repay this grant if you withdraw from the course.
For more information please refer to the Student Finance England website.