What student finance is available
When your child goes to university or college, they’ll have two main costs – living costs and tuition fees. They can get support from
Student Finance England to help with both. A Maintenance Loan helps students with their
living costs, such as accommodation, books and travel. Everyone who’s eligible for
student finance can get at least some Maintenance Loan, but they can apply for more that’s
based on their household income – that’s the income of you and your partner, if you have one. This table onscreen will give you an idea
of roughly how much Maintenance Loan your child can expect to get based on your household
income. It’s based on a student living away from home and studying outside of London.
The Maintenance Loan is paid directly to them in three instalments in line with their term
start dates. The first instalment is usually in September
shortly after they’ve started their course, the second in the New Year and their final
instalment around April time. The Maintenance Loan has to be repaid, but
not until they’ve left university or college and their income is over the repayment threshold. Your child can get a Tuition Fee Loan of up to £9,250 to cover their tuition fees. How much they can get doesn’t depend on your household income. Once they’ve registered at uni, the Tuition Fee Loan will be paid directly to their university or college in three instalments at the start of each term, so they don’t have to worry
about paying it themselves – we’ll do it all for them.
The Tuition Fee Loan does have to be repaid, but not until they’ve left university or college
and their income is over the repayment threshold.