Maintenance Loan

Full-time undergraduates and new part-time undergraduates starting courses in 2018/19 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.

  • 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

Full-time students

The amount you can borrow depends on a number of factors, including:

  • If you live with your parent(s) and start a course in 2018/19 you may receive up to £7,324; if you start a course in 2019/20 you may receive up to £7,529
  • If you live outside the parental home and start a course in 2018/19 you may receive up to £11,354; if you start a course in 2019/20 you may receive up to £11,672
  • 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 2018/19 you may receive up to £12,382; if you start a course in 2019/20 you may receive up to £12,729
  • 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 £3,680 if you start your course in 2018/19, or £3,783 if you start in 2019/20

It is possible to apply for some of the loan without being means-tested; in this case, you could 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 Student Finance England.

Part-time students starting courses in 2018/19 or 2019/20

New part-time students starting degree level courses on or after 1 August 2018 may be able to receive a Maintenance Loan. 

The amount of loan you can receive will depend on your intensity of study. If you study 25% of a full-time course, you will receive at most 25% of the maximum Full-time Maintenance Loan rate. If you study 50% of a full-time course, you will receive at most 50% of the maximum Full-time Maintenance Loan rate. If you study 75% of a full-time course, you will receive at most 75% of the maximum Full-time Maintenance Loan rate.

If you are aged 60 or over on the first day of the first academic year of your course you will not be eligible for the Part-time Maintenance Loan.

Repaying student loans

The Full-time Tuition Fee Loan and Maintenance Loan do not need to be repaid until you have finished your course and are earning more than £25,000 per year. (From April 2018, the repayment threshold for loan repayments will increase from its current level of £21,000 to £25,000 from the 2018-19 financial year). 

The earliest you'll start repaying is the April after you leave your course. If you're a part-time student you may start making repayments on the Tuition Fee Loan and Maintenance Loan while you're still studying (from the April four years after the start of your course), provided your earnings at that point are more than £25,000 per year.

You will pay 9% of your income once you are earning £25,000 or more a year. If your income falls below £25,000 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

Previous study

Male student reading in the Calcutta House library

At a glance

Maximum value:

Full-time students: up to £11,354* for 18/19 starters; up to £11,672* for 19/20 starters
Part-time students: up to £8,515*for 18/19 starters; up to £8,754 for 19/20 starters

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

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

2018/19

2019/20