The cost of Higher Education
While the fees and funding for starting a degree might seem a little intimidating, it’s important to know that you don’t have to pay back your student loan straight away.
In fact, the government has ruled that, as of April 2018, you don’t have to start repaying your student loan until you’re earning £25,000 a year or more – and the payments come out of your salary in small instalments. The earliest you will start making repayments is the April after you graduate, and you’ll only make repayments for a maximum of 30 years, after which the debt is written off. If you stop earning over £25,000 for any reason, you don’t have to pay a penny until you earn that amount again.
The student loan doesn’t work in the same way as debt from loans, or credit cards. It doesn’t go onto your credit file, meaning that it doesn’t affect your credit score, or affect you applying for a mortage or finance.
You can find out more about how student loans work and how they are repaid on the Money Saving Expert website.
Tuition Fee Loan
This loan will cover the full amount of your fees. The amount you receive doesn’t depend on your household income and you’ll only start repaying this loan once you’ve graduated and are earning over £25,000 a year.
To ensure that funding is in place for the beginning of the academic year you should make an application as soon as possible. If you haven't received confirmation of a Tuition Fee Loan before the end of September then please email firstname.lastname@example.org to let us know that your application is in progress.
You can apply for a loan to help you pay your living costs. How much you can get will depend on your household income as well as where you choose to live and study. You’ll have to repay this loan, but not until you’ve graduated and are earning over £25,000 a year.
The UK government has confirmed that EU students who apply to university in the 2018 to 2019 academic year will still have access to student loans. You should apply for the loans through Student Finance England.
If you are a resident of Northern Ireland you should apply for a Student Loan from Student Finance ni.
Tuition Fee Loan
If you are a Scottish resident you should apply for your Tuition Fee Loan from the Student Awards Agency Scotland (SAAS).
For Scottish residents, starting courses in September 2017, there are bursaries available to you when you apply to study with us. The Student Awards Agency for Scotland (SAAS) offer two different bursaries that you can apply for, depending on which criteria you meet. Both bursaries are means tested and paid in addition to your student loan.
- The Young Students’ Bursary (YSB)
- The Independent Students’ Bursary (ISB)
You can apply for these regardless of whether you intend to study in Scotland, or elsewhere in the UK.
To find out more information and make sure you’re getting the most out of what is available to you, visit the SAAS website where you’ll find a breakdown on everything that’s available and information on how to apply.
Tuition Fee Loan
If you are a Welsh resident you should apply for your Tuition Fee Loan from the Student Finance Wales.
For Welsh residents, there are grants available to you when you apply to study with us. Student Finance Wales offer a non-repayable Fee Grant in addition to the standard Tuition Fee Loan.
Importantly, Welsh residents do not need to study in Wales to be eligible for the Fee Grant – you can apply if you are studying anywhere in the UK. You can find out more about this on the Welsh Government Website.
To find out more information and make sure you’re getting the most out of what is available to you, visit the Student Finance Wales website where you’ll find a breakdown on everything that’s available and information on how to apply.
Outside the EU
If you’re an international student, you will need to visit our international fees and finance page.
Main sources of funding
The process for applying for a Student Loan depends on where you are a resident. For the correct information please click on the relevant country below.