Student Finance Simplified…

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

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

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

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

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.

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.

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

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!