Hi, I was just wondering the maximum amount student loan companies could offer students applying for undergraduate courses/Can they cover the costs of all 3 years of study? . + When must tuition fees be repaid?
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Last edited by thedarkness321; 19-07-2016 at 10:53.
- 19-07-2016 10:44
- 19-07-2016 12:51
Maximum student loan (keep in mind this is assessed on parents income, not everyone gets the maximum)
Living at home/ Up to £6,904
Living away from home, outside London/Up to £8,200
Living away from home, in London/Up to £10,702
Covering all costs:
Provided you don't already have a degree you will be eligible for funding for the fees. The current system is course length + 1 year. Most courses are 3 years so they fund that and you have a gift year but if you did an integrated masters (4 year course) then its 4 years +1. As for covering all costs you receive a maintenance loan which is there to cover your accommodation/travel/books/food, ect. This one doesn't always cover your costs, especially if you're on a lower loan but many students work part time jobs to make up the shortfall.
Fees are usually repaid after you graduate and are earning over 21,000 a year. If you're not earning you don't pay... and it gets wiped after 30 years
Hope this helps!