Going to university is an investment. So when it comes to Student Finance it's important to know how it all works. We've put together a quick guide to help you get to grips with it all.


Key points

You don't need the money to pay for university

If you haven't got the funds to pay for university, it doesn't mean you can't go. You can apply for Student Finance through If accepted, the Student Loan Company pays your tuition fees.

You'll only repay 9% of everything earned above £21,000

You'll only ever repay anything when you earn above £21,000. If you earn less you'll pay nothing. If you're earning more, you'll repay 9% of whatever you earn over the £21,000. So if you earn £22,000, you'll only repay 9% of the £1,000 you've earned above the £21,000. That works out at just £7.50 a month.

After 30 years, your loan ends

You won't owe any money after 30 years, or if you repay the loan before then. After 30 years (from the April after graduation) your repayments end.

No debt collectors with student loans

Student loans are repaid through the payroll just like income tax. This means once you're working, your employer will deduct any repayments from your salary. You won't have to do anything. If you're self-employed, you'll repay the student loan in the same way as you repay your income tax. This is usually through HMRC's self-assessment scheme.

Part Time students can get loans for tuition fees too

If you study at least 25% of a full-time course as a part-time student, you're eligible for tuition fee loan. You can apply through

EU and International students

If you are an EU student, you will pay the same fees as UK students. You are also eligible for loans to cover the cost of your tuition. However, loans for living costs and maintenance grants are not available for EU students.


If you have any questions, get in touch with our Student Information Points, email, or call (0)1782 294000.