Funding your studies

Maintenance Loan

Full-time undergraduates can apply for a Maintenance Loan to help cover their living costs. It will be issued at the start of each term and will be paid directly into your bank account. The amount you can borrow depends on a number of factors including:

  • If you live with your parent(s) and start a course in 2016/17 you may receive up to £6,904, while if you start in 2017/18 you may receive up to £7,097.
  • If you live outside the parental home and start a course in 2016/17 you may receive up to £10,702, while if you start in 2017/18 you may receive up to £11,002.
  • If you retain an underlying eligibility for benefits (lone parents, certain disabled students, student couples with children), live outside your parental home and start a course in 2016/17 you may receive up to £11,671, while if you start in 2017/18 you may receive up to £11,998.
  • Home students may apply for the loan.
  • If you are an EU student who has been living in the UK for five years prior to the start of your course (and can prove this to Student Finance England's satisfaction), or you are an EEA (European Economic Area) migrant worker, you may be eligible to apply for the Maintenance Loan. For an update on the funding effect of the UK's referendum vote to leave the EU please see the following statement.
  • You must be under 60 at the start of the course to be eligible to apply for the full loan; if you are over 60 you may be eligible for a Maintenance Loan of up to £3,469 if you start in 2016/17, or £3,566 if you start your course in 2017/18.

It is possible to apply for some of the loan without being means-tested; in this case, you would be able to apply without your household income being taken into consideration. If you would like the full loan you will need to submit details of your household income to the loans company.

January starters

Students who start their course in January 2017 must, according to the Student Support Regulations, remain on a January-start funding cycle for the duration of your course, even though you should progress into your second academic year in September 2017. This means:

  • You should receive your 16/17 Maintenance Loan payments in three instalments in January, April and September 2017.
  • You should receive your first 17/18 Maintenance Loan payment in January 2018 (even though you should have progressed into your 17/18 academic year in September 2017).

Repaying student loans

The Tuition Fee Loan and Maintenance Loan do not need to be repaid until you have finished your course and are earning more than £21,000 per year.

The earliest you'll start repaying is the April after you leave your course.

You will pay 9% of your income once you are earning £21,000 or more a year. For example, if, after finishing your course, you are earning £25,000 per year, you will repay £30 per month. If your income falls below £21,000 your repayments will stop.

The interest on the loans is calculated at the rate of inflation plus 3% whilst you study, then at the rate of inflation plus 0–3% depending on earnings.

Previous study

If you have previously studied at degree level you may find that you are not entitled to funding or that your entitlement may be reduced. If you already hold a degree you may find that you are not entitled to receive any funding at all for your course. If you are not entitled to funding you will need to pay the tuition fees yourself.

How to apply

You will need to apply online for your Maintenance Loan. For more information, visit the student finance section of the gov.uk website. If you're a full-time student applying online you might like to download our Full-time funding application guidance notes.

Further information

Full-time undergraduate funding 16/17
Previous study


At a glance

Maximum value:

£10,702* - 2016/17
£11,002* - 2017/18

*May be higher if you retain an underlying eligibility for benefits

Open to: UK full-time students
Studying at level: Undergraduate
The information on this page applies to students starting courses in these academic years (as indicated): 2016/17
2017/18

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Ways to fund your studies

Bursaries and grants

Funding your studies

Bursaries and grants can help you cover a range of expenses whilst studying, including your living costs.

Fee reductions and discounts

Funding your studies

The fee reductions that are available can depend on your level of study and where you are from.

Loans

Funding your studies

The types of student loan available to you depend on where you are from and whether you are looking to study an undergraduate or a postgraduate course.

Scholarships

Funding your studies

Available scholarships depend on your level of study and where you are from.

Ways to pay

Funding your studies

How you pay your tuition fees depends on the type of funding you have, where you are from and whether you are studying at undergraduate or postgraduate level.