Have you read on website information about how student finance works?
In the UK, Student Finance England can provide financial support for your studies. Here’s what you could get:
- 💰Maintenance Loan
- Up to £13,500/year (if you’re single & living in London
- Up to £10,500/year (outside London)
- If you have dependents (children, spouse, etc.), you could get up to £16,800/year
- 🎓Tuition Fee Loan
- Covers £9,250/year (paid directly to the university) ✅ Repayments
- You only start repaying after you graduate and only if you earn more than £25,000/year
- Repayments are 9% of any income above £25,000
- Example: If you earn £30,000, you repay £450/year (£37.50/month)
- The interest rate is linked to the Retail Price Index (RPI) (around 6-7% per year)
- 🎯️️Extra Benefits
- 30% discount on Travel Card
- Up to 100% discount on Council Tax (depending on your situation)
- Repayments are 9% of any income above £25,000
- Example: If you earn £30,000, you repay £450/year (£37.50/month)
- The interest rate is linked to the Retail Price Index (RPI) (around 6-7% per year)
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