Student Finance

Part-time students from England studying for their first degree or other designated higher education courses will have access to a government subsidised loan if they are studying at least 25% of a full-time course.

No Upfront Costs

  • You don’t have to pay for your course upfront if you are studying for a degree for the first time.
  • You can get a loan to cover the cost of your tuition, and start to pay back when you are earning over £21,000 a year.

 How loan repayments are expected to work

  • You will begin to repay your loan from the April three years after the start date of your course, or the April after you finish your course if that’s sooner.  
  • You repay 9% of your income above £21,000. So, for example, if your salary was £25,000, the 9% would only apply to £4,000, meaning you would repay around £30 per month.
  • If your salary falls below £21,000, your repayments stop. They would start again when you earn over £21,000.
  • Loan repayments will be deducted from your salary, normally through the tax system.
  • Any loan you have not repaid after 30 years is written off.

 For more information about the financial support available and the benefits of going to university or college visit: www.direct.gov.uk/studentfinance