Student Finance
Once you have received your offer letter from the University, it's time to apply for student finance.
What is student finance?
Student finance UK is basically the loan system that will help you to cover your tuition fee costs for the college. The whole process varies depending on each individual's circumstances. We will help you assess your financial and household situation. Depending on your circumstances, a loan will be provided.
When does loan repayment start?
Loan repayment starts in April after the course is finished.​
How much tuition fee will you receive?
You will receive the full amount of your tuition fee.
Are there any age limits to be eligible for student finance?
There are no age limits for tuition fee loans. For maintenance loans individuals between the ages of 19-60 are eligible.
How does job affect student finance?
As long as you will be in a full-time job during your education period you are eligible for a higher amount of maintenance loan. You can be either employed or self-employed. Even if you don't have a job you can still apply but you will receive a lesser amount of maintenance loan.
What are the different types of grants available for student finance?
There are mainly three types of grants available to students depending on their circumstances. They are as follows :
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Child-Care Grant: If you don't receive any kind of childcare element from the government and your child is between the ages of 1 - 16 years, you can apply for this.
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Adult Dependent Grant: If your partner earns less than £4000 yearly, you will be eligible for this. It's not applicable if the partner is also a student, receiving support from Student Finance.
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Special Support Grant:
This is mainly for the following:
- If you’re a lone parent or lone foster parent with a child under the age of 20 who is in full time education.
- If you or your partner who is also a student and responsible for a child under 20 years.
Please note that an additional document from your child's school stating that they are in full time education will be required.
- You have any kind of disability.
- You are over the age of 60.
- Finally, if you are also a member of the armed forces UK you can apply for this.
What are the different types of grants available for student finance?
There are tuition fees as well as maintenance loans. Maintenance loans may vary based on your household income. Tuition fee loan is paid directly to college and you have to repay that amount. Maintenance loan is a government aid that is assessed by your household income and course start date. The amount will go directly to the bank.
For 2023 to 2024 Academic Year :
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Living with Parents Up to £8,400
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Living away from Parents outside London Up to £9,978
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Living away from Parents inside London Up to £13,022
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You spend a year of a UK course studying abroad Up to £11,427
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If you’re 60 or over on the first day of the first academic year of your course Up to £4,221
What are the documents that need to be uploaded or submitted to student finance?
Anyone who is pre-Settled (lives in UK<5 years) needs to do a paper based form. They need to send evidence of employment, share code, status outcome in general. For employment if its paid employment pay slips and job agreement needs to be sent. For self-employments self-assessment tax return (from the last year) or P60 form and last 3 months invoices needs to be sent.
In case you are married, and you have children you also need to send evidence for child benefit letters, marriage certificates, birth certificates.
In case you are single you just need to provide evidence of share code, status outcome and employment documents.
Anyone who is settled (lives in the UK>5 years) needs to upload their evidence online.Please note that employment documents are not required.All other evidence remains the same as pre-settled.
Who can support your application ?
Partner/Parents can support your application as long as they provide their financial details. This is required for student finance so that they can assess your household income.