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Starting this year the tuition fee rises to a maximum of £3000, which when it used to be around the £1,100 mark can be quite an increase however there is extra support now available in the form of the Tuition Fee Loan. This loan can cover the whole tuition fee, and much like the traditional loan is very low interest rates (2.4%). In addition to getting the loan which is optional your parents/spouse will be assessed based on their income, based on which you will pay a sliding scale amount for your tuition based on how much lower than £30,000 your parent/spouse's income totals.
The other loan accessible to everyone is the good old Student Loan, in the table below you will see how much you can be looking to get: | Students living at their parent’s home (London and elsewhere) | Up to £3,495 | | Students living away from their parent’s home and studying elsewhere | Up to £4,510 | | Students living away from their parent’s home and studying in London | Up to £6315 | Again, sliding scale income comes into effect here, however if you are a student living away from home outside of London and your parents earn over the threshold £30,000 you will still receive around £3,300 in student loan per year Always remember if your circumstances change don't forget to inform the LEA about it, as if your parents/spouses income falls you may be entitled to a larger tuition and student loan. |
