What funding is available from the Student Loan Company?
Repayable loans for tuition fees and living costs
Further information can be found at Gov.uk Student Finance but we have included the following overview. The funding you receive depends on your personal circumstances;
| 18-24 year old |
Assessed on the income of your parent(s) or officially adoptive parents you normally live with.
If your parents have separated you should be assessed on the parent you live with the majority of the time. If your parent has a new partner their income will be also be considered if they live in your home.
|
| Estranged or Independent Students under 25 |
Assessed on your own income |
| 25 and over and single |
Assessed on your own income |
| Single parent |
Assessed on your own income |
| Couple 25 and over, with or without children |
Assessed on your income and your partners income |
| Married/Civic partnership under 25 |
Assessed on your income and your partners income |
The following table show how much you could receive according to household income.
| Household Income |
Living away from home |
Living at home |
| £25,000 or less |
£8,944 |
£7,529 |
| £30,000 |
£8,303 |
£6,895 |
| £40,000 |
£7,019 |
£5,626 |
| £50,000 |
£5,735 |
£4,357 |
| £55,000 |
£5,093 |
£3,722 |
| £60,000 |
£4,492 |
£3,314 |
Tuition Fee Loan
The Tuition Fee Loan is paid directly to the University in termly instalments and covers up to the cost of your tuition fees. You can apply for as little or as much loan as you need, up to a maximum of £9,250.
As it is a loan, the amount you borrow for tuition fees is repayable once you start work
Maintenance Loan
The Maintenance Loan is paid to help with your daily living costs – such as rent, food, bills, and other essentials.
It is paid in three termly instalments, which generally coincide with the start of each academic term. Details of these instalments are provided to you by Student Finance by way of an ‘Entitlement Letter’ once they confirm that they have awarded you the Maintenance Loan.
A percentage of the Maintenance Loan is assessed according to household income. Students studying in their final year of study receive slightly less Maintenance Loan than in their previous years of study.
As with the Tuition Fee Loan, you are expected to repay your Maintenance Loan when you have reached the prescribed level of earnings.
Disabled Students Allowance (DSA)
DSA is paid to students with a disability / health conditions to meet additional costs arising as a result of this. DSA is not subject to the household income. Please contact the Disability Advisory Service for more information.
Also please view our information page for disabled students.
Childcare Grant
The Childcare Grant is paid to students who have children and use childcare for at least one child under 15 or under 17 if that child has special educational needs. It does not meet the whole of the childcare costs but, can pay up to 85% of costs (maximum ££169.31 a week for one child or £290.27 for two or more children). This is non-repayable.
The Childcare Grant is subject to household income assessment and will include income from a partner, even if the student applying is under the age of 25.
Adult Dependents Grant
This helps with costs if an adult depends on you financially. You can receive up to £3,007 a year depending on your household income. This is non-repayable.
Parents’ Learning Allowance
This is additional support for course related costs if you have dependent children. You can get up to £1,716 a year, depending on your household income. This is non-repayable.