Student Finance England

For Student Finance can apply British and Irish citizens, pre-settled/settled status holders, Biometric Residence Permit holders, Refugee or Asylum seekers status holders, Spouses of UK migrant workers OR people, benefiting from one of the three help schemes for Ukrainian citizens.

image
Undergraduate Student Finance

Student Finance England offers two types of student loans for undergraduate students:

Tuition fees loan- covers the university fees in full, is transferred directly to them, up to £9,250 per year;
Maintenance Loan* – finance for personal needs, up to £13,100 per year. Transferred directly to you in three instalments throughout the academic year.

*This loan is not available for fully online students.

Pre-settle status holders

*To apply for maintenance loan, you need to prove 3 working months immediately before starting the course.
*You must have lived in Europe for the last 3 years to receive financing for personal needs.
*You will be expected to work during your education in order to continue receiving the Maintenance Loan.

BRP holders

*If you start your studies by 2024, even though that the BRP is valid for 3 years only, you will be funded for the whole duration of your studies.

Both financings (tuition fees and maintenance loan) are considered as a loan and are expected to be returned.
The validity of the loan is 30 years, after which it will be waived by the government. The loans are NOT paid back until you graduate and earn more than £27,265 annually. The interest rate is 6% while you are studying and 9% after graduation.

Repaymen

The thresholds are £524 a week or £2,274 a month (before tax and other deductions). They change on 6 April every year.

Example 1

You’re paid weekly and your income changes each week. This week your income was £600, which is over the Plan 2 weekly threshold of £524.
Your income was £76 over the threshold (£600 minus £524). You will pay back £6 (9% of £76) this week.

Example 2

Your annual income is £28,800 and you are paid a regular monthly wage. This means that each month your income is £2,400 (£28,800 divided by 12). This is over the Plan 2 monthly threshold of £2,274.

Your income is £126 over the threshold (£2,400 minus £2,274). You will pay back £11 (9% of £126) each month.

Regardless of your location after you graduate, you will still be liable to update your employment status in Student Finance England. The minimum salary threshold depends on the country. Specific information by country can be found here.

Lower earnings threshold (GBP) is the minimum amount, after which you are required to start repaying your loan.

image
image
Postgraduate Student Finance

For postgraduate degrees, Student Finance offers one loan at the total amount of £11,836. It will be paid directly to you in three instalments, and it is your responsibility to pay the University after each instalment. At the end, the difference in the amounts of the loan and the university tuition fees is for you to keep if you choose a lower-cost Master’s degree (tuition fees vary, prices start from £6,500).
You start repaying your Postgraduate Master’s Loan the April after you finish or leave your course. You repay 6% of what you earn over the repayment threshold which is currently £21,000 per annum. If you have other student loans, you repay these at the same time.

E1 Studios Office number: NH. 305
7 Whitechapel Road, London, E1 1Du
info@needone.org.uk
+44 7876 621222

    Contact us

    We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.
    Cookies settings
    Accept
    Privacy & Cookie policy
    Privacy & Cookies policy
    Cookies list
    Cookie name Active

    Privacy Policy

    What information do we collect?

    We collect information from you when you register on our site or place an order. When ordering or registering on our site, as appropriate, you may be asked to enter your: name, e-mail address or mailing address.

    What do we use your information for?

    Any of the information we collect from you may be used in one of the following ways: To personalize your experience (your information helps us to better respond to your individual needs) To improve our website (we continually strive to improve our website offerings based on the information and feedback we receive from you) To improve customer service (your information helps us to more effectively respond to your customer service requests and support needs) To process transactions Your information, whether public or private, will not be sold, exchanged, transferred, or given to any other company for any reason whatsoever, without your consent, other than for the express purpose of delivering the purchased product or service requested. To administer a contest, promotion, survey or other site feature To send periodic emails The email address you provide for order processing, will only be used to send you information and updates pertaining to your order.

    How do we protect your information?

    We implement a variety of security measures to maintain the safety of your personal information when you place an order or enter, submit, or access your personal information. We offer the use of a secure server. All supplied sensitive/credit information is transmitted via Secure Socket Layer (SSL) technology and then encrypted into our Payment gateway providers database only to be accessible by those authorized with special access rights to such systems, and are required to?keep the information confidential. After a transaction, your private information (credit cards, social security numbers, financials, etc.) will not be kept on file for more than 60 days.

    Do we use cookies?

    Yes (Cookies are small files that a site or its service provider transfers to your computers hard drive through your Web browser (if you allow) that enables the sites or service providers systems to recognize your browser and capture and remember certain information We use cookies to help us remember and process the items in your shopping cart, understand and save your preferences for future visits, keep track of advertisements and compile aggregate data about site traffic and site interaction so that we can offer better site experiences and tools in the future. We may contract with third-party service providers to assist us in better understanding our site visitors. These service providers are not permitted to use the information collected on our behalf except to help us conduct and improve our business. If you prefer, you can choose to have your computer warn you each time a cookie is being sent, or you can choose to turn off all cookies via your browser settings. Like most websites, if you turn your cookies off, some of our services may not function properly. However, you can still place orders by contacting customer service. Google Analytics We use Google Analytics on our sites for anonymous reporting of site usage and for advertising on the site. If you would like to opt-out of Google Analytics monitoring your behaviour on our sites please use this link (https://tools.google.com/dlpage/gaoptout/)

    Do we disclose any information to outside parties?

    We do not sell, trade, or otherwise transfer to outside parties your personally identifiable information. This does not include trusted third parties who assist us in operating our website, conducting our business, or servicing you, so long as those parties agree to keep this information confidential. We may also release your information when we believe release is appropriate to comply with the law, enforce our site policies, or protect ours or others rights, property, or safety. However, non-personally identifiable visitor information may be provided to other parties for marketing, advertising, or other uses.

    Children’s Online Privacy Protection Act Compliance

    We are in compliance with the requirements of COPPA (Childrens Online Privacy Protection Act), we do not collect any information from anyone under 13 years of age. Our website, products and services are all directed to people who are at least 13 years old or older.

    Online Privacy Policy Only

    This online privacy policy applies only to information collected through our website and not to information collected offline.

    Your Consent

    By using our site, you consent to our privacy policy.

    Changes to our Privacy Policy

    If we decide to change our privacy policy, we will post those changes on this page.
    Save settings
    Cookies settings