Advice for parents about the career options for their children

Student Loans

Two types of loan are available - Tuition Fee Loan and Maintenance Loan. These are the only forms of finance that need to be repaid.

 

Tuition Fee Loan

Students are able to get a Tuition Fee Loan of up to:

 •£9,000 for new full-time students (this includes full-time distance learning students)

•£6,750 for part-time students whose courses are at least 25 per cent of a full-time course each year (eg. four years instead of one year full-time)

•£6,000 for students attending an approved full-time course at a private university or college

•£4,500 for students on an approved part-time course at a private university or college whose courses are at least 25 per cent of a full-time course each year (eg. four years instead of one year full time)

The Tuition Fee Loan is paid directly to the university or college.

It is worth noting that the Tuition Fee Loan may not cover the full cost of a student's tuition if they are studying an approved course at a private university or college.

 
 

Maintenance Loan

This is a living allowance for rent, food, books and day to day expenses. Again, this is available to all students irrespective of household income. It is paid to the student at the beginning of each of the three terms.

The maximum Maintenance Loan for new students starting from 1 September 2016 is:

 •£8,200 for students who will live away from home and study at a university or college outsideLondon

•£10,702 for students who will live away from home and study at a university or college inLondon

•£6,904 for students who will live at home

 
 

Maintenance Grant

This is a means tested allowance to use for day to day living expenses and it does not need to be repaid. The Government is expected to award as many as two thirds of new full time students either a full or partial grant.

Only students whose courses started prior to 2016 can apply for a Maintenance Grant if their family income is below £42,620, with entitlement at £3,387 if household income is £25,000 or below.

 

 

 
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