Student Loans

Student funding is the official government fund for tuition fees and living expenses.

Student loans cover course fees and are paid directly to your university or college.

Maintenance loans are designed to help with living expenses such as room and board. The amount you earn depends on your household income, where you live and where you will study. Usually it is deposited directly into your bank account at the start of each period.

Both must be returned upon graduation and earn above the minimum wage.

You will need to apply to the student finance authority in your country. You can do this online at, depending on whether you live in England, Wales, Scotland or Northern Ireland.

Now I go to another university

How many maintenance credits you get depends on where you live. If you’ve signed up for funding but now need to update your details – for example, changing your university – the easiest way to do this is by logging into your student finance account.

How many maintenance loans do I get?

According to currency tip site Save the Student, the average is £ 6,480 per year. Every country in the UK has its own set of rules so it depends on where you live. Complicated and very dependent on household income. For example, in the UK, the maximum loanable for live-at-home students for 2020-2021 is £ 7,747 and the minimum is £ 34, £ 10. If you don’t live outside of London the maximum and minimum amounts are £ 9,203 and £ 4,289 . If you don’t live at home in London that’s £ 12,010 / £ 5,981. In general, you will get the most if your annual household income is below £ 25,000 while the minimum is above the threshold between £ 58,000 and £ 69,000.

My family has experienced a sharp decline in income due to the coronavirus

You may qualify for a higher level of funding. Again the rules of how they differ. In the UK, you can file an “Income Statement for the Current Year” if you believe your household income for the tax year (2020-21) is at least 15% less than the tax year you are inquiring about. to provide details (for those departing in the coming weeks this is 2018-19). This is a similar system in Wales. In Scotland, the Scottish Student Awards Board may reconsider funding for students based on current income projections if income figures fall to a lower grade. Northern Ireland’s income must have decreased by 5% or more to be revalued.

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