2014 Entry - UK/EU Undergraduate finance
Alternative/additional information on this topic applies to:
This support is not available to:
and students who already hold a degree-level or equivalent qualification
Student Loans and grants
A variety of student loans and grants are available from the Government through the Student Loans Company. Loans are repaid after you have left the University and your salary exceeds a set level. Grants do not have to be repaid.
The support available to you via loans and grants depends on your tuition fee (for the fee loan), household income and other personal circumstances.
Tuition Fee Loan
The Tuition Fee Loan covers the payment of your tuition fees, and is not based on your household income. You can borrow up to £9,000 to cover the tuition fee set by your university. Unlike the Maintenance Loan and Grant, the tuition fee loan is paid directly to the
University you are studying at.
Maintenance Loan and Grant
In addition to the Tuition Fee Loan to cover your tuition fee, you can choose to take out a maintenance loan which is intended to help pay your living costs. You may also be eligible for a non-repayable Maintenance Grant. The amounts you are eligible to borrow and claim per academic year are based on your household income.
65% of the Maintenance Loan is available regardless of your household income. The remaining 35% depends on household income. Refer to the table below for details.
The entire Maintenance Grant is means tested based on your household income. Students with household incomes of £25,000 or less will receive the full Maintenance Grant of £3,387 per year.
The table below shows the total support you will be entitled to depending on your household income. It also shows what proportion of that is non-repayable and what proportion is a repayable loan.