Undergraduate Student Education Loans
Students enrolling onto a part-time undergraduate programme can make an application for a Tuition Fee Loan as opposed to spending money on their tuition fees at the start.
Available through Student Finance, a Tuition Fee Loan is just a non-income structured loan to meet with the price of tuition charges, payable to your University in three instalments. Payment is created whenever Student Finance get confirmation through the University that the pupil is in attendance in the beginning of each trimester.
Dependent on your location and because our online undergraduate courses are classed as part-time, you are qualified to receive A tuition that is part-time fee in place of investing in your tuition charges at the start.
To learn more, please look at the scholar Finance web site. You can contact our friendly Admissions Team on +44 (0)1332 594000 if you need help with answering the course related questions on the Student Finance website.
You may be eligible for a Tuition Fee Loan through Student Finance England of up to ВЈ6,935 per year if you are a new part-time student and do not already have an undergraduate degree. YouвЂ™ll only begin making repayments whenever your earnings is throughout the UK payment limit, that is presently ВЈ25,000 a 12 months, ВЈ2,083 per month or ВЈ480 per week.
With a salary of:
- ВЈ25,000 the repayment that is monthly be ВЈ0
- ВЈ27,000 the monthly payment would be ВЈ15
- ВЈ29,500 the repayment that is monthly be ВЈ33
- ВЈ31,000 the monthly payment would be ВЈ45
- ВЈ33,000 the repayment that is monthly be ВЈ60
To claim a part-time loan, your final amount of credits in any 12 months must certanly be well worth no less than 25% (30 credits) of the full-time program (120 credits). How many credits you research in a year is based on just how modules that are many choose in addition to credit value of each and every module. YouвЂ™ll get the credits and module details you need in the module course page that is relevant.
The after qualifications we provide are currently qualified to receive a loan:
- Diploma Higher Ed
- Comprehensive (Hons) level
- 1 level 6 (Top-Up year)
The deadline for using is 9 months following the start of year that is academicSeptember).
Our online courses are registered using the Welsh Assembly. If you should be resident in Wales, you’re not entitled to the newest part-time loan described above you might be eligible for grant financing. Apply to Scholar Finance Wales (SFW).
You are not eligible for the new part-time loan described above but you may be eligible for grant funding if you are resident in Northern Ireland. Connect with Student Finance Northern Ireland (SFNI).
Pupils Award Agency Scotland (SAAS) will not fund courses that are part-time of Scotland. You are unable to claim funding if you are a Scottish resident applying for one of our online courses.
You might meet the requirements to try to get financial assistance towards the price of your tuition costs if:
- you might be an EU* nationwide or even a family person in an EU* nationwide
- you’ve got been residing in the European Economy Area (EEA)** or Switzerland for the 36 months straight away prior to the beginning of one’s program
- your primary basis for being into the EEA or Switzerland is certainly not to get education that is full-time
*EU Countries: Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, holland additionally the great britain.
** EEA includes the above countries that are EU Iceland, Liechtenstein and Norway.
It really is your duty to liaise aided by the financing agency and make certain that money is with in destination to protect your costs. You might be additionally accountable for any distinction between your tuition charges additionally the level of financing you obtain.
DonвЂ™t stress in the event that you currently receive a part-time grant, you are able to continue steadily to claim this until such time you conclude your overall programme of research (at the mercy of your position staying exactly the same).
Postgraduate Student Education Loans
The mortgage enables you to buy your tuition charges or any other expenses associated with studying, such as for instance residing costs or program expenses.
Have always been I eligible?
- You need to ordinarily reside in England and start to become under 60 in the beginning of the very first year that is academic of course
- You should be studying a taught or research postgraduate program in britain that leads to a full masters certification, eg MA, MSc, MBA, MEd or LLM
- You will not be eligible for the new postgraduate loan if you already hold a Masters qualification or an equivalent higher level qualification
- The total amount you receive does not be determined by your home earnings
How can I use?
You are able to submit an application for a postgraduate loan utilizing the program solution at www .uk/funding-for-postgraduate-study.
You ought to use as soon as feasible to ensure your loan can be acquired for the beginning of your program.
When am I going to receive money?
The figuratively speaking Company will be sending that you re re payment schedule to tell you whenever you’ll be paid once your application was processed. This is compensated in three payments that are equal one per trimester.
Dependent on which year that is academic are trying to get, your payment routine may vary.
Just how much you are going to repay
YouвЂ™ll pay off 6% of the income within the minimum amount that will be presently ВЈ21,000 a ВЈ1,750 a month or ВЈ404 a week year.
For instance: You get ВЈ2,500 a before tax month. This can be ВЈ750 throughout the monthly limit. YouвЂ™ll therefore repay ВЈ45 (6% of the quantity) every month.
Rate of interest
YouвЂ™ll be charged interest through the time you can get the payment that is first your loan is paid back in complete or cancelled.
The interest will be charged at the Retail Price Index (RPI) plus 3%. RPI is just a way of measuring British inflation and measures modifications towards the price of located in great britain.
Recognised Prior Learning (RPL)
The postgraduate loan was designed to help pupils up against re re payment of a complete Masters programme; as you will not be studying the full 180 credits if you are considering applying for recognised prior learning (RPL), please be aware that if this is granted, you will not be eligible for a postgraduate student loan.
If you’re expected to examine an connect module being an entry requirement towards the programme, you won’t manage to get financing with this module; you could consequently have to wait the application for capital unless you are undertaking the total Masters programme.
If you’re uncertain as to whether you may qualify, please contact pupil Finance England straight to talk about this together with them.