Tuition Fees and Loans
Student loans are used to cover tuition fees and living costs. You can get up to £9,250 to cover your tuition fees and other loans for living costs.
You don’t have to repay your loan until you’ve finished your course and your income is over the required repayment amount. The amount you pay every month is based on your income not the amount that you borrowed. You’re charged interest from the day of your first payment until your loan is repaid in full or cancelled. Your interest rate will depend on your circumstances.
Tuition fee loans, to cover the full cost of your course, are paid directly to the course provider, and you won’t have to pay it back until after your course, when you’re earning above a certain level.
How to apply for a student loan:
It can take up to six weeks to process student finance applications. Make sure you apply early – even if you have a conditional offer – as you can amend or cancel your application if your plans change.
Fees can vary depending where you're studying and whether you're from the EU or outside the EU – check university and college websites. Find the links in our search tool.
The important thing to remember is that the amount you’ll repay will be based on how much you earn, not how much you borrow.
You’ll repay 9% of your income above the repayment threshold – earn less and you won’t repay.
Once you leave your course, you’ll only repay when your income is above the repayment threshold. The current UK threshold is £25,000 a year, £2,083 a month, or £480 a week.
Additionally, there are many charities and educational organisations in the UK which can provide students with additional funding and support, but many students either do not know about them or assume they are not eligible. Do your research to see what you can apply for in addition to your student finance loans/grants – various awards are available based on criteria such as personal circumstances, specific industries/subject areas, or your educational attainment.
As the need for support increases the organisations have to consult the support teams to make sure that the student is getting the fees to help pay for their degree . In addition the support teams guide the student in every move they take and they do everything that they’re capable of to help the student!