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Student Finance: Student Loan Calculator, UK

When applying for financial support at university you must apply through Student Finance and use their student loan calculator for UK applicants. Currently, Student Finance is only available to students studying in the UK, with three separate government departments per country: Student Finance Wales, Student Awards Agency for Scotland (SAAS) and Student Finance England (which also includes Student Finance Northern Ireland as loans are calculated on the same eligibility).Student Finance England and Northern IrelandStudent Finance England (and Northern Ireland) regulates all applications for students from England or NI who are eligible to receive a loan. Student loans pay for tuition fees and living expenses; the full amount of tuition fees are normally covered, whereas the cost of a student's living expenses (maintenance loan) are paid as an average of £3564 per year. A student's financial circumstances and location of study will affect the average maintenance loan obtained, or whether they are eligible for additional support. An estimated loan amount can be generated using the student loan calculator for UK applicants, located at:http://www.studentfinance.direct.gov.uk/portal/page?_pageid=153,4680136_dad=portal&_schema=PORTAL (England)http://www.studentfinanceni.co.uk/portal/page?_pageid=54,5000288_dad=portal&_schema=PORTAL (Northern Ireland)Student Finance WalesMuch like Student Finance England, the Welsh version of student finance offers a student loan calculator for UK applicants. You can create and save estimates for the current academic year, which takes into account basic circumstances (i.e., age and location). The maximum maintenance loan is £3559 for Welsh students, based on students who will be studying away from their parental home and not taking into account household income or other loans/grants available. The student loan calculator for UK students in Wales can be accessed at:http://www.studentfinancewales.co.uk/calculator/studentfinancecalculator/1112/Student Awards Agency for Scotland (SAAS)Most finance provided by SAAS is largely based in income and location, which is broken down into a table on their website showing the maximum estimate a student can receive according to their circumstances and income. Although SAAS does not have a student loan calculator for UK students you can view the comparison table for student loans at:http://www.student-support-saas.gov.uk/student_support/support_packages.htm

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