Tuition Fee Loans
Your tuition fees are paid using a tuition fee loan. This is given to your University or College directly. Only once you have completed your study and are making at least £26,575 per year do loan repayments begin. Students who study full- or part-time may apply
To pay for living expenses, you can also apply for a Maintenance Loan if you qualify. T his loan is deposited straight into your bank account. After you complete your degree and earn more than £26,575, your maintenance loan is due. Please visit www.gov.uk/studentfinance for additional details.
Maintenance Loan is NOT eligible for studying ONLINE.
Additionally, you can apply for a Maintenance Grant to assist with living expenses. At the beginning of the term, maintenance grants are deposited straight into your bank account. Although you are not required to pay them back, any money you get will lower the amount of the Maintenance Loan you might be eligible for should you decide to apply for one as well.
Student finance for undergraduate degrees covers:
- Tuition fee Loan - £9250 per year. This money goes directly from the Student Loan Company to the University (you don’t touch this money).
- Maintenance loan: covers your own expenses and living costs.
- £9706 per year in you live outside the London
- £13000 if you live in London
The maintenance Loan goes directly to your account and you can do with this money whatever you want.
If you have pre-settled status you need to work and keep working during the status.
If you have a settled status you don’t need to work.
The loan is provided by the UK government and covers 100% of the tuition fees charged by universities. The repayment rules are very favourable.
More information can be found on the government website:https://www.gov.uk/student-finance