Novelwall.org
 
 
 
We call you  
+44 (0) 20 8903 8889  

    • Overview
    • Who is eligible under home student status?
    • What is European Economic Area?
    • What is Channel Islands and Isle of Man?
    • Qualifying overseas territories?
    • Overview
    • About the UK
    • Why study in the UK?
    • UK Education System
    • Financial Aid for the UK
    • After Graduation
    • Overview
    • Do I need Visa?
    • What type of visa should I apply for?
    • What do I need to do to apply?
    • Can I work while I am studying?
    • Can I work in the UK after I graduate?
    • When Can I Apply?
    • How can I apply?
    • How much does it cost?
    • Overview
    • Eligibility
    • How to Apply
    • Loans and Grants
    • Special Support Grant
    • Extra Help
    • Overview
    • How to convert A-level results to UCAS points
    • How does it affect me?
    • Do I have to apply through UCAS?
    • How many courses can I apply for through UCAS?
    • Completing the UCAS application
    • What is Clearing?
    • How to Go Through Clearing

Whether you’re thinking about studying, already a student, or even the parent of a student you can find out everything you need to know about student finance.

As a full-time undergraduate student at University, College or other institution you'll normally have to pay for your tuition fees as well as your living costs for the duration of your degree course. Registration fees in universities across England have always represented a very significant expense, either for British or European students. One of the most used solutions in the UK is to take a government loan, as a UK National or EU resident; you can apply to Student Finance England (SFE) for loans and grants to help with these costs.

A government loan in England: For whom and how?

Registration fees in English Universities now account for between £ 4,000 and sometimes up to £ 9,000 or more per year, according to the University level of education, or the chosen course! The recent reform of the England higher education system continues in the increase of its costs for years to come.

To enable students to finance more easily their studies, the British government has set up student loans aiming to cover the full registration fee for your degree, as you pay upon completion of the degree and a job paid to the minimum of £ 21,000 a year. If you want to study in Northern Ireland, England or Wales, its one of the solutions to consider as scholarships are not for everyone!

The 2010 reform follows the announcement by the Conservative-Liberal government to a reduction in block grants to higher education in the order of 60% to 80%.

As part of a public budget stabilized at around 330 billions from 2010 to 2015, it is expected that the Department for Business, Innovation and Skills (BIS) will shift from 17.2 to 13.7 billions (Treasury, 2011b; p.48). The expenses of the department devoted to higher education should therefore shift from 7.2 to 4.2 billions from 2010 to 2015.

Where to send your application (Any original documents you send will be returned to you within 4 weeks)

  1. Students from England
    Student Finance England
    PO Box 210
    Darlington
    DL1 9HJ
  2. EU students
    Student Finance Services Non-UK Team
    Student Finance England
    PO Box 89
    Darlington
    DL1 9AZ

In order to qualify for funding from the Student Loan Company depends on

  1. The University or College
  2. The Course you intend to take
  3. Whether you’ve studied a higher education course before
  4. Your age at the start of the course
  5. Your nationality or residency status
     
  1. The University or College

    • The course being offered by the University, College or other institution should be a qualifying course under the high education student finance scheme.
    • The University, College or other institution has to be within UK. Those not in UK, whether in EU or another country or distance learning will not be considered by the Student Loan Company (SLC).
       
  2. The Course you intend to take
    • The course should be registered under a University, College or other institution and should be delivered within UK.
    • The courses recognised by the SLC are:
      • First Degree (BA, BSc or Bed)
      • Foundation Degree
      • Certificate of Higher Education
      • Diploma of Higher Education (Dip HE)
      • Higher National Certificate (HNC)
      • Higher National Diploma (HND
      • Postgraduate Certificate of Education (PGCE)
      • Initial Teacher Training
    • Part Time Students need to study their courses at a rate of at least 25% of an equivalent full-time course in each academic year.
    • This is known as ‘course intensity’. You can check course intensity with Novelwall support team.

       
  3. Whether you’ve studied a higher education course before
    • Someone applying for his first higher education qualification will be eligible for funding support with SLC. This is true even if your previous course was self-funded within UK or abroad.
    • However, you may still get limited funding if, for example:
      • You were granted student finance under a course and you decide to change course
      • You leave your course half way or dropout but decide to start again
      • You’re ‘topping up’ a higher education qualification, e.g. you’ve finished an HNC, HND or Foundation Degree and now want to do an Honours degree
      • Diploma of Higher Education (Dip HE)
      • Higher National Certificate (HNC)
      • Higher National Diploma (HND
      • Postgraduate Certificate of Education (PGCE)
      • Initial Teacher Training
    • Part Time Students need to study their courses at a rate of at least 25% of an equivalent full-time course in each academic year.
    • This is known as ‘course intensity’. You can check course intensity with Novelwall support team.
  4. Your age at the start of the course
    • There’s no upper age limit for Tuition Fee Loans or grants. To apply for a Maintenance Loan you have to be under 60 years at the start of the course.
  5. Your nationality or residency status
    • Based on your national status or residency status you are eligible if:
      • You posses a UK nationality or have ‘settled status’ (no restrictions on how long you can stay). Non-UK nationals must have settled status on the first day of the first academic year of the course - which could be 1 September, 1 January, 1 April or 1 July.
      • You are British by birth and normally live in England
      • You are from a EU Country and have lived in the UK, the Channel Islands or the Isle of Man for more than 3 years in UK.
      • You are a refugee
    • You are under humanitarian protection
    • You are an EEA migrant worker
    • You are a child of a Swiss national
    • You are a child of a Turkish worker
  1. Whether you are a full-time or part-time student you can apply online (https://www.gov.uk/apply-online-for-student-finance) to Student Finance England
  2. You may apply by yourself by following the instructions or visit one of our student support staffs.
    • Set up a student finance online account with proof of address, National Insurance number, Passport, Telephone number (mobile / landline) and 2 referees (Name, Address, Telephone number.
    • Once you receive an acceptance letter from a University, College or other institution you may proceed to the next step
    • Log in and complete the online application.
    • Include details of your household income and get your parents (or partner) to support your application, if needed.
    • Send in proof of identity, if needed.
    • Sign and return the loan declaration to Student Finance England, which you should receive within 6 weeks.
  3. UK Passport national do not need to send their passport.
  4. If you don’t have a UK passport (or it has expired), send your original birth or adoption certificate using the certificate form below.
  5. Academic Year Form
    2015 to 2016 UK passport details form
    Birth or adoption certificate form
    2014 to 2015 UK passport details form
    Birth or adoption certificate form
  6. EU students will have to send their non-UK passport or identity card the first time you apply.
  7. Applications are now open to all English and EU students for the 2015 to 2016 academic year. This includes part-time students.
  8. The deadline for applying is 9 months after the start of the academic year. Check with your university or college for the academic year start date for your course.

The main student finance package includes a:

  • Tuition Fee Loan
  • Maintenance Loan - full-time students only
  • Maintenance Grant or Special Support Grant - full-time students only

Loans
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

Grants
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:

  • Income Support
  • Income-related Employment and Support Allowance
  • Housing Benefit
  • The housing element of Universal Credit

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.

  1. How to repay the loans?
    • Earn under £21,000 and you'll never repay
    • If you earn £22,000 in a year, what do you repay?
    • And if you earn £31,000, what do you repay?
    • How on earth will my child be able to afford to repay these debts if they get a poorly paying job?

    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 set to change
  • 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).

  • After 30 years, any and all remaining debt is wiped
  • 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.

  1. Student Finance Calculator
  2. Students on a low income
    • You may be able to get Income Support if you meet all the specific conditions including:
      • You and your partner have no income or a low income
      • You’re working less than 16 hours a week
      • You haven’t signed on as unemployed
      • You can claim Child Tax Credit if you claim Income Support and have children.
      • Extra help if you’re experiencing financial hardship
  3. Students with children or dependent adults
    • If you are a single mother, caring for an adult, caring for a second child attending high school, you can apply for:
      • Childcare Grant - full-time students only
      • Parents’ Learning Allowance - full-time students only
      • Adult Dependents’ Grant - full-time students only
      • Child Tax Credit
      • Extra help if you’re experiencing financial hardship
  4. Disabled Students
    • If you have a disability, long-term health condition, mental health condition or specific learning difficulty (e.g. dyslexia) you can apply for:
      • Disabled Students’ Allowances
      • Extra help if you’re experiencing financial hardship
WORKING HOURS

Monday to Friday
9:30 am - 5:30 pm

Saturday
11:00 am - 4:00 pm

CONTACT US

Office in England

+44 (0) 20 8903 8889
+44 (0) 20 3621 2620

3rd floor, Kings House,
Kymberley Road, Harrow,
London, HA1 1YH New Location
Office in Sri Lanka

+94 (0) 112 055 050

Unit 2 and 3, No.2B,
46th Lane, Wellawatte
Colombo 06, Sri Lanka