1. Student Finance Simplified…

2. Why do you need it? At University you will have two main costs:
Tuition fees
Loan paid directly to your university
Living costs
Loan paid termly into your own bank
account

3. What’s available?
You can get a Tuition Fee Loan of up to £9,000 per year to cover tuition fees.
Maintenance Loans help towards living costs, such as rent and bills.
Depending on how much you apply for, part of the Maintenance Loan depends on your household income—that is the income of your parents

4. How much Maintenance could you apply for?
Full-time student
Loan for the 2016 to 2017 academic year
Loan for the 2017 to 2018 academic year
Living at home
Up to £6,904
Up to £7,097
Living away from home, outside London
Up to £8,200
Up to £8,430
Living away from home, in London
Up to £10,702
Up to £11,002
You spend a year of a UK course studying abroad
Up to £9,391
Up to £9,654

5. How household income affects the amount
Maintenance Loan
<£25,000
£8,200
£30,000
£7,611
£35,000
£7,022
£40,000
£6,433
£45,000
£5,844
£50,000
£5,255
£55,000
£4,644
£60,000
£4,077
£62,177+
£3,821

6. Extra Support There is extra support for:
Students with children or adult dependents
A disability, long-term health condition, mental-health condition, or specific learning difficulty such as dyslexia or dyspraxia.

7. Repayment
You won’t start repaying your loan until you earn over £21,000 a year
If your income drops, all repayments stop automatically until your financial situation changes.

8. Repayment Guide Annual Income (before tax) Monthly income
Monthly repayment
£21,000
£1,750
£30
£24,000
£2,000
£53
£27,000
£2,250
£75

9. Receive money! How to apply…
Create an online account with student finance
The application process opens in the February of the year you begin University
Log in to your account and complete the application form
Submit evidence of your household income
Receive money!