Student Loans and Grants

Student Finance is responsible for almost all student loans and grants in the UK. You must apply to then early in the year (normally the middle of March) to receive any form of support for higher education. When the date for Student Finance applications is announced at the beginning of the year (you can find this information from the Directgov website or you college) then you should try to complete your application as soon as possible. You'll be expected to send out a lot of information and evidence so it's essential you get a head start on your application if you don't want any delays.


What Do Student Finance Pay For?

Student Finance offers three student loans and grants. You'll receive:

  • A maintenance loan of up to £3594 depending on your household income and where you will live for your studies. This is intended to pay for living expenses, such as food, utilities, rent or any other costs associated with your degree. This loan is paid directly into your bank account and is repayable.
  • A tuition fee loan sent directly to your university. This loan will cover the entire cost of your fees and is sent directly to your university. This is also repayable.
  • A maintenance grant, which is a free grant that you don't have to pay back, usually given to students who wish to have their entitlement assessed on household income. If your household earns less than £25,000 per year you will be entitled to the full grant of £2904. This does not have to be repaid.


Other Student Loans and Grants

Your university may offer a student bursary or some other form of student loans and grants. This is normally decided based on your given household income from Student Finance, but the criteria varies for each institution. You can also receive an Access to Learning Grant if you are struggling to make ends meet during university.

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