Loans

Tuition Fee Loan

How much is the Tuition Fee?

The Tuition Fee is £3,290 (20010/11). You have
the choice to:

  • Pay it at the start of your course
  • Pay it after you have completed your course by taking out a Tuition Fee Loan
  • Pay part of your fees up front and the remainder after your have completed your course (using a Tuition Fee Loan).

Tuition Fee Loans are available to all Higher Education full-time students regardless of income. You can apply for a loan of up to £3,290 (2010/11) per annum. This can help to pay all or part of your tuition fees. This loan will be paid directly to your partner university on your behalf. All loans start to be repayable in the April following your graduation at a rate of 9% on all your earnings over £15,000. If you are not earning £15,000 or more you will not have to make any repayments against your loans. The amount you repay continues to be linked with your earnings, but anything you have not repaid after 25 years will be cancelled.


Maintenance Loan

In addition to your Tuition Fee Loan, you can also apply for a Maintenance Loan. This loan can be up to £4,950 per annum. This is means tested against your household income. This loan can be used to help with accommodation and/or living costs. Student loans carry a very low interest rate so your repayments will stay low after you graduate. Applications are made at the same time and in the same way as the Tuition Fee Loan.