Tuition Fee Loan
Part time students can apply for a tuition fee loan to cover their tuition cost. To qualify you must complete a minimum of 25% of the equivelent full time course load per year. You will not start paying it back unitl you are earning over £21,000. No grants or loans are available for living expenses.
You’ll be due to start repaying your loan the April four years after the start of your course or the April after you leave your course, whichever comes first. But you’ll only start making repayments when your income is over £404 per week, £1,750 per month or £21,000 a year.
Use the repayment calculator to get an estimate of how much student loan you could owe and how long you might repay for.
|Up until the April after leaving University (or the third anniversary of the start date if study is continuing)||Rate of Inflation (RPI) + 3%|
|Earnings below £21,000||Rate of Inflation (RPI)|
|Earnings £21,000 – £41,000||Rate of Inflation (RPI) + 3% (on a sliding scale depending on income)|
|Earnings above £41,000||Rate of Inflation (RPI) + 3%|
Where to apply for funding
Higher education students from England can use its secure system to apply for finance online. Student Finance England will help you work out the financial support you will get, apply for finance and keep track of your payments.
You can create an online student finance account and use it to apply earlier than in previous years, manage your student finance account online, use the Student Finance Calculator for a quick guide to how much you can get.
There are so many options available, don’t be put off at the first hurdle. Our HE Admissions Administration Office can help you with all financial matters. Please contact us on 0800 328 3631.
Alternatively visit www.gov.uk/student-finance or contact Student Finance England’s Customer helpline Tel: 0845 300 5090
Your goals may not be as hard to reach as you think!