Whether you consider to apply for full undergraduate or top-up course you are probably aware about financial commitments involved. This article is a quick reminder of available student finance for the UK and the EU students.
Student Finance: Student Loans
You are entitled to receive up to £9,000 per year student loan. Money will be paid directly to a university of your choice. You will have to repay student loan after the end of your course.
Student Finance: Maintenance Loan
In addition you will be able to apply for the maintenance loan, which will be directly paid to your bank account. The maximum amount of money that you can get in 2016/2017, will depend on your individual circumstances. See the table below:
|Living at home||Up to £6,904|
|Living away from home, outside London||Up to £8,200|
|Living away from home in London||Up to £10,702|
|You spend your year abroad||Up to £9,391|
Note: Maintenance loan is only available for UK students. You will have to repay the loan after your graduation, depending on your income.
Student Finance: Maintenance Grand for living costs
Depending on your individual income, you may be eligible for separate maintenance grant. The grant will be paid into your bank account at the start of each term. You will not have to pay it back. See the table below for details.
|Household income||Grant for the 2015 to 2016 academic year|
|£25,000 or less||£3,387|
|Over £42,620||No grant|