What money can you get? Students 2012/13

students2Students who start university or college on or after 1 September 2012 (academic year 2012/13) will be on a new student finance scheme.

The main changes are:

  • universities and colleges can charge tuition fees of up to £9,000
  • Tuition Fee Loans will go up to cover the higher fees
  • you don’t start repaying your loan until you earn £21,000 (up from £15,000)
  • part-time students can apply for a Tuition Fee Loan (replacing grants)

What money you can get?

To cover the costs of studying you can apply for:

  • a Tuition Fee Loan to cover your tuition fees in full
  • a Maintenance Loan for living costs like rent (full-time students only)
  • a Maintenance Grant if your household income is less than £42,600 (full-time students only)
  • scholarships and bursaries from colleges and universities
  • extra financial help if you have a disability or children or adults depending on you

Full-time students have to pay back any loans plus interest once you leave your course and start earning more than £21,000 a year. Part-time students who earn over £21,000 a year have to start paying back their loans after four years even if their course hasn’t finished.

If you leave your course early you need to repay a percentage of the Tuition Fee Loan for that year – see ‘Paying back your student loan’ for details follow this link

You don’t have to pay back grants, scholarships or bursaries.

You can apply online now for 2012/13 student finance follow this link

Tuition fees and loans

Tuition fees are the amount universities or colleges charge you each year to study.

From September 2012 UK universities and colleges can charge students from England:

  • up to £9,000 a year for new full-time students
  • up to £6,750 a year for new part-time students

There are no restrictions on the amount private colleges or universities can charge.

If you start a course before 1 September 2012, you won’t have to pay these higher fees, for more information see getting started.

Tuition Fee Loan

From 2012/13 you can get a Tuition Fee Loan of up to:

  • £9,000 for new full-time students, including full-time distance learning students
  • £6,750 for part-time students whose courses are at least 25 per cent of a full-time course each year (eg. four years part-time instead of one year full-time)
  • £6,000 if you study on an approved full-time course at a private university or college
  • £4,500 for students on an approved part-time course at a private university or college whose courses are at least 25 per cent of a full-time course each year (eg. four years part-time instead of one year full time)

The Tuition Fee Loan is paid directly to your university or college.

The Tuition Fee Loan may not cover the full cost of your tuition if you’re studying on an approved course at a private university or college.

If you’re an EU student from outside the UK, you can apply for a Tuition Fee Loan if you meet certain conditions.

For more information about students loan see types of finance

Maintenance Loans

Maintenance Grants

You can also apply for a Maintenance Grant if your family income is below £42,600. You can get:

  • £3,250 if your household income is £25,000 or under
  • £50-£3250 if your household income is between £25,000 and £42,600

These loans and grants are paid into your bank account at the start of each term, once you’ve registered on your course. For more information about student grants see the next link click here

Scholarships, bursaries and awards

You may be able to get a bursary, scholarship or award directly from your university or college. The National Scholarship Programme helps students with a family income of £25,000 or less.

Bursaries and scholarships do not have to be paid back. See information below or click here

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