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Finance FAQs for students www.mdx.ac.uk
Finance FAQs for students
What do universities charge?
Most universities and colleges will charge new
full-time students £6,000 - £9,000. If they
charge £9,000 they will have to meet strict
conditions to make sure that the education
they are providing will be accessible to
all students, regardless of their personal
and financial circumstances. Different
universities will charge different sums.
Will I be able to get a tuition fee loan?
Yes. This will cover your fees in full. This is
paid directly to your university or college, once
you’ve registered on your course. It is paid
to them at the start of each academic year. If
you’re an EU student studying in England you
can apply for a tuition loan if you meet certain
conditions. See www. gov.uk for exact details.
When and where can I apply for loans?
You can apply online for finance for courses
starting in 2013 from late 2012. You can
apply for all loans and grants from the
Student Finance England in the same
application. www. gov.uk/studentfinance
is where you need to go to apply.
Can I get a loan or grant to
help with my living costs?
Yes. It’s called the Living Cost Loan. This is
paid into your bank account at the start of each
term once you’ve registered on your course.
The amount you get depends on where you
live and study and your household income.
Your household income is the total earnings of
the people you’re living with – parents, carers,
any partners or siblings who are earning.
The maximum Living Cost or Maintenance Loan
for students is:
• £5,500 if you live away from home and study
at a university or college outside London
• £7,675 if you live away from home and study
at a university or college in London
• £4,375 if you live at home
You can also apply for a full Living Cost
Grant if your household income is less than
£42,661 – there are different amounts
available depending on what your household
income is, but the maximum is £3,354 if your
household income is £25,000 or under.
Can I apply for scholarships
and bursaries?
Yes. These will vary depending on which
university you choose – universities offer
different scholarships. In 2012 a new £150m
National Scholarship Programme was launched
to help students from lower income families.
Universities may subsidise (reduce) the course
price, provide free accommodation for the first
year or give students a lump sum of money –
exactly what they do to help will be up to them.
Is other financial help available?
Yes. You can learn more at www.gov.uk/
studentfinance. Extra help tends to be for
students who may have a disability, be
in particular financial difficulties or have
other people depending on them.