Tuition fee loan

What?

 

This is a loan to pay your tuition fees. Whatever your income, it will cover the full cost of your university’s fees. You don’t pay back the loan until you have graduated and are earning more than £21,000 per year, or £15,000 per year if you started before 2012. 

Who can receive it?

 

UK or EU students doing their first undergraduate higher education course. There are no restrictions on your age or income.

Part-time students who started in 2012 or later can also get the tutition fee loan. If you started a part-time course earlier than that, you will get the course grant and fee grant instead (but your fees will be lower).

When to apply and when you receive it

 

Apply as soon as you can to make sure the loan will be ready on time. You don't need to have a place at university to start your application.

The money is paid directly to the university when you arrive and register.

How to apply

 

You can apply online through the Student Finance England website, or send them a paper form. You can apply for the tuition fee loan, the maintenance loan, the maintenance grant and additional grants like the Parents Learning Allowance with the same form.

External Links

 

How do fees affect you?

Most students don't have to worry about finding money to pay their fees. The Tuition Fee Loan will cover the cost in full. 

This means that the total amount you borrow will be higher. However, the amount you repay each month won't be affected by your fees. That's because your repayments are based on your earnings, not on your total debt. You repay 9% of anything you earn over £21,000 a year.

So the higher your fees, the longer you'll spend repaying your loan - up to 30 years after you graduate, at which point your loan will be written off.