|2015 to 2016||UK passport details form|
|Birth or adoption certificate form|
|2014 to 2015||UK passport details form|
|Birth or adoption certificate form|
The main student finance package includes a:
If you've lived in the UK for the three years before the first day of the first academic year of your course (and this is where you usually live) then you'll probably be eligible for a Tuition Fee Loan to cover the cost of your tuition fees. The loan is paid directly to your university or college. You have to pay it back. You'll also be able to get a Maintenance Loan to help towards your living expenses, such as rent and bills.
Tuition Fee Loan
UK or EU full-time or part-time students can apply for a Tuition Fee Loan.
|Full or part-time student||Tuition Fee Loan|
|Full-time||Up to £9,000|
|Full-time at a private university or college||Up to £6,000|
|Part-time||Up to £6,750|
|Part-time at a private university or college||Up to £4,500|
Maintenance Loan for living costs
You must be a full-time UK student. Part-time and EU students can’t apply.
You have to give details about your household income and your course start date.
The grant is paid into your bank account at the start of term. You don’t have to pay it back, but any funds you get will reduce the Maintenance Loan you can get.
|Full-time student||Loan for courses from September 2014||Loan for courses from September 2015|
|Living at home||Up to £4,418||Up to £4,565|
|Living away from home, outside London||Up to £5,555||Up to £5,740|
|Living away from home, in London||Up to £7,751||Up to £8,009|
|You spend a year of a UK course studying abroad||Up to £6,600||Up to £6,820|
You must be a full-time UK student. Part-time and EU students can’t apply. If you're from a lower income-family you'll be able to apply for a Maintenance Grant from Student Finance England. The Maintenance Grant helps with your living costs.
There’s also extra support for those with special circumstances. That might include you if, for example, you have children (or adult dependant), a disability, a long-term health condition, a mental health condition or a specific learning difficulty.
Even if you don't qualify for additional funding from SFE you may be able to get other bursaries or grants from your university or college. In 2015/16 full-time students with residual income under £25,000 get a grant of £3,387. Because it's a grant, not a loan, it never needs repaying (unless you leave your course early, when you may be asked to pay it back).
You must be a full-time UK student. Part-time and EU students can’t apply. You may get a Special Support Grant instead of a Maintenance Grant if you get or qualify for:
The amount you get is the same, as the Maintenance Grant, but it won’t reduce the Maintenance Loan you can get. You may get the Special Support Grant if, for example, you’re a lone parent or have certain disabilities.
You only repay 9% of everything you earn annually above £21,000 of pre-tax salary once you've left university. Therefore if you've started repaying the loan, but then lose your job or take a pay cut, your repayments drop accordingly.
The answer is £90, as twenty two thousand is one grand above the threshold and 9% of £1,000 is £90.
Thirty one thousand is £10,000 above the threshold and 9% of that is £900.
Someone on a low wage will be required to repay little or nothing at all. In fact, only higher earners will be shelling out large amounts.
It's important to note that not repaying much because you're just over the threshold isn't being bad. The system is, in reality, a graduate contribution, designed so that, in the main, those who gain the most financially out of university contribute the most.
The £21,000 threshold is scheduled to rise in line with average earnings. This will start in April 2017 (a year after the first graduates under the new system - 2012 starters - are eligible to repay).
You stop owing when you've cleared the debt or when 30 years (from the April after graduation) have passed, whichever comes first. If you never get a job earning over the threshold, you'll never repay.