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Query about tuition fees and student loans 2012/13...

So universities are charging up to £9000 from 2012/13...
I found out that we do not have to pay the tuition fees upfront, and instead we use student loans to pay them off. But seen as student loans are of a maximum £5500, how will this cover the £9000 then? See I'm no genius at maths but.. Surely they must see that £5500 isn't going to cover £9000.
Someone explain to me please?
Thankyouuuu :smile:
Reply 1
Avatar for Swindan
Swindan
8
Where did you get the £5500 from? Are you looking at Maintenance Loans? Even then I'm not sure where the £5500 is from.

You get two loans, a Tuition Fee loan and Maintenance loan, the latter is just to cover living costs. The Tuition Fee loan will always cover the current years tuition fees. At the moment the maximum loan is £3375, which tuition fees are currently capped at. Next year, the maximum loan will go up to £9000.
Reply 2
Avatar for oliviaaa-yo
oliviaaa-yo
OP
Really? :redface: thankyou you have reassured me a lot! I have my history as exam in the morning an I was kind oif losing sleep over this! You could have quite posibly saved my exam thankyouuu

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