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If you are a student who is a UK national (or has resided in the UK for three years, other than for the purposes of full-time education, before beginning your university studies), you’re able to apply to the Student Loans Company for a low-cost, income-assessed loan to cover your living expenses.
If you’re studying in London and living away from home, the maximum loan will be £7,751. If you’re studying in London and living at home, the maximum loan will be £4,418.
As with the Tuition Fee Loan, you will not have to repay your Maintenance Loan until you have left university and are earning over £21,000 per year. If you have both Tuition Fee and Maintenance Loans these will be repayable as a single loan. Repayments will be calculated at 9% of your income over the £21,000 threshold.
Higher Education Maintenance Grant
If you are a student from England, Wales or Northern Ireland you can apply for a means-tested, non-repayable Maintenance Grant. The value of this grant may depend on your funding authority. Students from households in England whose annual income is below £25,000 are eligible to receive the maximum grant of £3,387 per year. If the annual income of your household is between £25,001 and £42,620, a partial grant is available.
Special Support Grant
If you’re a student from a lower income family with an underlying eligibility for means-tested benefits (for example, if you have certain disabilities), you may be eligible for the means-tested Special Support Grant of up to £3,387.
For a comprehensive list of funding opportunities available to prospective students, please visit the Scholarships and funding website.
Page last modified on 03 apr 14 17:23