There are a variety of loan and finance packages available to support you throughout study. Find out what’s available to you.
See the video from Student Finance England
The Student Finance Explained film tells you all about the financial help available while at university or college. Students can get finance to pay for tuition fees and living costs.
Student Finance England – Published on 10 Oct 2018
How do people pay for university courses?
There are two types of student loan
- Tuition fee loan
- To pay for the course. Universities and colleges charge up to £9,250 per year for a full-time higher education course.
- Maintenance loan
- To pay for every day living costs – rent, food, bills, transport etc. The amount you can borrow will depend on your household income. For example a household with under £25,000 total income will allow you to borrow up to £8,994 per year.
You may be eligible for other funding support options
- Hardship funds – You could get extra money from your university or college if you’re experiencing financial hardship. The amount you will get is decided by the university or college. For example you could be eligible you’re:
- mature student
- single parent /student with children
- care leaver
- Bursaries, scholarships and awards – Students in higher education can apply for money directly from their university or college on top of any other student finance – you don’t have to pay this money back.
- Disabled Students’ Allowance – You can apply for Disabled Students’ Allowances (DSAs) to cover some of the extra costs you have because of a mental health problem, long term illness or any other disability.
Help if you're a student with a learning difficulty, health problem or disability. You can apply for Disabled Students’ Allowances (DSAs) to cover some of the extra costs you have because of a mental health problem, long term illness or any other disability.
- Learning Support Fund for NHS Students -Students starting a new Nursing, Midwifery or Allied Health Professional course on or after 1 August 2017 may be eligible to apply for financial support from the Learning Support Fund (LSF).
This offers support for: students with at least one dependent child (Child Dependants Allowance), practice placement travel and/or temporary accommodation costs (Travel and Dual Accommodation Expenses) students experiencing financial hardship (Exceptional Support Fund)
Links, resources and more information
For information on how much you can borrow, monthly repayments, interest and more please see the following resources