1. Introduction to student finance 2019/20
Students and their parents/partners can find out more about student finance, and all the topics covered in this presentation on:
SFE’s student finance zone at
SFE’s space on UCAS at
Gov.UK at
There’s more information and resources available for practitioners on our practitioner website at

2. Student Finance England
Student Finance England (SFE) provides financial support on behalf of
the UK Government to students from England entering higher education
in the UK.
The two main costs you’ll have while studying are tuition fees and
living costs.
There’s student finance available to help you with both.
Depending on your circumstances, you could also get extra financial help while you study.

3. 19/20 Section 1 - What student finance you can get
All 2019/20 policy is subject to Parliamentary approval.

4. Tuition fees You won’t have to pay any tuition fees up front.
You can get a Tuition Fee Loan to cover the fee charged by your uni
or college.
The amount you get doesn’t depend on your household income.
SFE will pay the Tuition Fee Loan directly to your uni or college.
Tuition Fee Loans have to be repaid but only when you’ve finished or left your course and your income is over the repayment threshold.
Private universities or colleges may charge a higher tuition fee. If they do, it’s up to you to pay the difference .

5. Maintenance Loan
You can get a Maintenance Loan to help with your living costs, such as rent.
All eligible students can get some maintenance support.
The amount you can get depends on where you live and study.
You can also apply for more based on your household income.
The Maintenance Loan is paid directly into your bank account at the start of each term.
Maintenance Loans have to be repaid but not until you’ve finished or left your course and your income is over the repayment threshold.
The basic rate of Maintenance Loan doesn’t depend on household income but you can apply for more that does.

6. £ Maintenance Loan £7,529 £8,944 £11,672 Maximum levels for 2019/20
Parental home
Live at home while you study
Up to
£7,529
Living away from home
Outside of London
Up to
£8,944
London
Live away from home & study in London
Up to
£11,672
Click image to link to page!

7. Extra help
Other financial help and support may also be available if you:
have children or an adult who depends on you financially
have a disability, including a long-term health condition, mental-health condition or specific learning difficulty
Childcare Grant
Helps with childcare costs for dependent children aged under 15 at the beginning of the academic year (or under 17 if they have special educational needs) in registered or approved childcare. For more details on what childcare qualifies, visit
Parents’ Learning Allowance
This allowance can help with course-related costs for students with dependent children.
Adult Dependants’ Grant
The grant can help if a student has an adult who depends on them financially. This can’t be the student’s grown-up child or other adult who gets student finance.
Disabled Students’ Allowances (DSAs) help pay for extra costs a student might have as a direct result of their disability, including a long-term health condition, mental-health condition or specific learning difficulty, such as dyslexia or dyspraxia. DSAs are additional support available to students who may otherwise be prevented from attending university or college because of their disability.

8. 19/20 Section 2 - How to apply for student finance
All 2019/20 policy is subject to Parliamentary approval.

9. Q A Q A How much do you know? Student finance applications
What is the easiest way to apply for your student finance? A
Online at Q
When should you apply for your student finance?
Click image to link to page! A
As soon as possible once the application service opens

10. Student finance applications
Apply online at gov.uk/studentfinance
Apply early to make sure your money is ready for the start of your course.
You don’t need a confirmed place at uni or college to apply.
Apply with your preferred choice, you can change the details later if you need to.
The basic rate of Maintenance Loan doesn’t depend on household income but students can apply for more that does.

11. GOV.UK
To apply
Click image to link to page!

12. More information online
Click image to link to page!

13. More information online
Click image to link to page!

14. How to support an application
Your child applies for student finance
You give us your income details
Your child gets paid
Your child applies for student finance
Encourage them to apply for student finance as soon as the application services launches in 2019.
2. You give us your income details
We’ll send you an with a link to create your own account. We’ll ask you for your income details and National Insurance number. Your income details will be
checked with HMRC and we may ask you to send us some evidence.
3. Your child gets paid
Once we have all the information and evidence we’ve asked for, we’ll assess how
much student finance they can get. Once they’ve started their course, we’ll pay
the Maintenance Loan into your child’s bank account and the Tuition Fee Loan
directly to their university or college.

15. 19/20
Section 3 – Repaying your student loan

16. Q A Q A How much do you know?
What will your student loan repayments be based on? A
a) Your future income Q
How much do you need to earn before you start to repay?
The amount you need to earn before you start to repay is expected to rise in April 2019 to £25,725 a year. A
b) £25,000 a year

17. Student loan repayments
You won’t make repayments until your income is over the repayment threshold.
If you study a full-time course, you will be due to start repaying in the
April after graduating or leaving your course.
You’ll repay 9% of your income over the threshold.
If your income falls below the threshold, your repayments will stop.
Any outstanding loan balance will be cancelled 30 years after entering repayment.
The current UK threshold is:
£480 a week
£2,083 a month
£25,000 a year

18. Income each year before tax Monthly repayment (Approx)
Student loan repayments
Income each year before tax
9% will be deducted from
Monthly repayment (Approx)
£25,000 £0
£27,000
£2,000
£15
£29,500
£4,500
£33
£31,000
£6,000
£45
£33,000
£8,000
£60
Interest is charged from the day the first payment is made to the uni or college until the loan is repaid in full or cancelled. The interest rate is based on the UK Retail Price Index (RPI) and will vary depending on the student’s circumstances.
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.
While studying until entering repayment = RPI +3%
On entering repayment interest is linked to earnings on a sliding scale up to a maximum of RPI + 3%
Income
£28,000
9% Deducted from?
Monthly
repayment?
Interest is applied to your loan. More info can be found on

19. 19/20
Questions?

20. For information on student finance and to apply go to
Need more information?
For information on student finance and to apply go to
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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 student finance zone - UCAS- or on Gov.UK -
Students and their parents or partners can also call SFE to discuss applications, eligibility or assessments on
There is more information available for practitioners on our practitioner website -