1. Student Finance
Abby Smith, University of Hertfordshire

2. i i Tuition fees and living costs.
STUDENT FINANCE ENGLAND
AN INTRODUCTION
Tuition fees and living costs.
There’s student finance available to help students with both*. i
*Full-time students. Part-time students can get tuition fee and DSA
support from SFE.

3. What support can you get?
TUITION FEE Loan
Extra support
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SECTION 3
What support can you get?
Maintenance
Loan

4. What support can you get?
Tuition Fee Loan
Extra support
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SECTION 3
What support can you get?
MAINTENANCE
Loan

5. MAINTENANCE SUPPORT MAINTENANCE LOAN ENTITLEMENT
2017 cohort F/T students, not eligible for benefits or aged over 60
Household Income
Home
Elsewhere
London
£25,000 & under
£7,097
£8,430
£11,002
£30,000
£6,499
£7,825
£10,387
£35,000
£5,901
£7,220
£9,771
£40,000
£5,303
£6,615
£9,155
£45,000
£4,705
£6,009
£8,539
£50,000
£4,107
£5,404
£7,924
£55,000
£3,509
£4,799
£7,308
£60,000
£3,124
£4,193
£6,692

6. Income each year before tax Monthly repayment (Approx)
STUDENT LOAN REPAYMENTS
THE FIGURES
Income each year before tax
9% will be deducted from
Monthly repayment (Approx)
£21,000 £0
£22,000
£1,000 £7
£23,500
£2,500
£18
£27,000
£6,000
£45
£30,000
£9,000
£67
Link to page is Live!
From example: a basic way of working out the monthly repayment would be to divide £4,000 by 12 giving £ and that by 9% giving a monthly payment of £30.
You’re charged interest from the day your first payment is made until your loan is repaid in full or cancelled. The interest rate is based on the UK Retail Price Index (RPI) and will vary depending on your circumstances. For more information go to
The Retail Price Index (RPI) is a measure of UK inflation. It measures changes to the cost of living in the UK.
The interest rate is updated once a year in September, using the rate of RPI from March.
Full-time student interest
While studying until entering repayment = RPI +3%
On entering repayment interest is linked to earnings
Under £21,000 = RPI Only
£21,000 to £41,000 = RPI + up to 3%
Over £41,000 = RPI + 3%
Part-time
While studying on a course until whichever comes first:
the April after graduating or leaving a course; or
the April after the fourth anniversary of the start of a course - RPI + 3%
From the April after graduating or leaving a course, or after the fourth anniversary of the start of a course - RPI
Income
£25,000
£4,000
9% Deducted from?
Monthly
repayment?
£30
Interest is applied to your loan at a maximum rate of RPI +3%
More info can be found on: i

7. i EXTRA SUPPORT Bursaries
Hardship fund
Scholarships
Disabled Students’ Allowances (DSAs)
Check university/college websites and ask at open days to see
what they offer and how/when to apply....don’t miss out!! i

8. HOW DO YOU GET IT?
SECTION 2
Apply

9. STUDENT FINANCE APPLICATIONS
KEY MESSAGE – APPLY EARLY
You don’t need a confirmed place at university or college to apply
Apply with your preferred choice, you must change this later if necessary

10. THE UNIVERSITY EXPERIENCE – IS IT WORTH THE MONEY?
Study something you’re passionate about – increase in career opportunities
Meet others with similar interests
Gain life skills
Work placements/year abroad – valuable experience

11. For further information go to:
NEED MORE INFORMATION?
For further information go to:
University of Hertfordshire’s Fees and Funding team
Students and their parents/partners can find out more about student finance, and all the topics covered in this presentation on Student Finance England’s official student finance zone on The Student Room, or on Gov.UK,
Students and their parents or partners can also call SFE to discuss applications, eligibilty or assessments on
There is more information available for practitioners, including factsheets and policy information on our practitioner website,

12. i For further information go to: www.gov.uk/student-finance
NEED MORE INFORMATION?
REMEMBER SFE IS ONLINE
For further information go to:
Or contact the University of Hertfordshire’s Fees and Funding team
For a range of helpful tools and guidance,
visit the student finance zone:
Students and their parents/partners can find out more about student finance, and all the topics covered in this presentation on Student Finance England’s official student finance zone on The Student Room, or on Gov.UK,
Students and their parents or partners can also call SFE to discuss applications, eligibilty or assessments on
There is more information available for practitioners, including factsheets and policy information on our practitioner website,

13. Thank you for listening. Any further questions: ask@Herts.ac.uk