Support to help with living costs is available in the form of a means-tested maintenance loan
While eligibility is also determined by factors such as your age, nationality or residential status, those looking to study their first degree on a full-time basis should be able to apply for a repayable student loan provided by the government.
Part-time students studying at least 25% of the equivalent full-time course across an academic year may also be entitled to support.
Tuition fee loans of up to ?9,250 a year cover your course fees. You don’t receive this https://paydayloanadvance.net/payday-loans-ak/ money – it’s paid directly to the university running your course. Part time students may be able to get a tuition fee loan of up to ?6,935.
For those studying for an accelerated degree (a two-year course instead of the traditional three), you could get up to ?11,100.
The loan is paid directly into your own bank account at the start of term. To help you estimate how much you’re likely to receive if you’re from England (or the EU and have settled status), visit GOV.UK – Student finance calculator.
For the academic year, you’ll receive up to ?7,987 if you’re living at home, up to ?9,488 if you’re living away from home outside of London, up to ?12,382 if you’re living away from home in London, and up to ?10,866 if your UK course incorporates a year spent studying abroad.
The level of maintenance loan you’re entitled to is related to your household income and where you plan to study. The assessment takes into account your own income, whether you’re under 25, live with at least one of your parents and your parents’ income. (more…)