I am currently at the end of my first year of university and I just got the news I am accepted to spend my second year in Melbourne in a partner university of my home institution. Last year I got the full financial aid I needed from Student Finance Services and now as I am in the process of filling out the new documents for a loan, I see the option to tick that I will be going abroad next year. My question is, will that affect the amount of loan I will get because I am going abroad and is there a certain policy not to give the full amount of tuition fee loan to students who are leaving for an exchange program for a year? The amount of money I will receive as a loan from this company is essential for continuing my education so can you please let me know if a study abroad application is viewed just as any other regular application or am I eligible to less than the standard UK tuition fee of £9,000 (as an exchange student I am not paying anything to my exchange university, but rather only the fee for my home institution)? Thank you!
Financing a study abroad year Watch
- Thread Starter
- 11-04-2013 10:26
Mark Lee - SFE Official Adviser
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- Official TSR Representative
- 12-04-2013 15:56
Students studying on a placement year abroad can apply for tuition fees, maintenance loan and maintenance grant in the same way as if they were studying in the UK.
An abroad rate of maintenance loan will be given and a travel grant may be available if you are successfully income assessed.
Details on the travel grant here: http://bit.ly/14ojpKk
Hope this helps,