Student loans are there to help cover the cost of your education. UK students planning to study full-time or part-time can apply for loans to help cover the cost of tuition fees and living costs. The following student loans are available to those in the UK:
- a Tuition Fee Loan for full-time students
- a Tuition Fee Loan for part-time students
- a Maintenance Loan for full-time students and new part-time students starting courses in 18/19 or after to help with living costs
To get an idea of what loans, grants and bursaries are available to you, use the Student Finance Calculator (full-time students only).
Tuition Fee Loan for full-time students
The Tuition Fee Loan will cover the cost of your course to a maximum of £9,250 if starting a course in 2018/19 or 2019/20. It will be paid directly to the University by Student Finance England.
Tuition Fee Loan for part-time students
Part-time students are eligible for the Tuition Fee Loan.
- The amount paid to the University will be the actual cost of your course to a maximum of £6,935 if starting a course in 2018/19 or 2019/20.
- Your course needs to be at least 25% of a full-time course to qualify for the loan.
Check the Student Finance England website for more information.
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 to repay your loans as a full-time student is the April after you have left your course. As a part-time student you may start making repayments 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 start 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.
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 Tuition Fee Loan. For more information, visit the student finance section of the gov.uk website.
At a glance
|Maximum value:||£9,250 if starting in 2018/19 or 2019/20|
|Open to:||UK full-time / part-time students|
|Studying at level:||Undergraduate|
|The information on this page applies to students starting courses in these academic years (as indicated):||