STUDENT LOAN FOR UNDERGRADUATE STUDIES IN THE UK

The British Government has been offering for some years now funding for undergraduate students in England and Wales, a student loan to cover the tuition fees of your degree.

The total amount of the tuition fees, £ 9,250 per year, for the duration of your degree is fully covered by the loan, for up to four years of study.

Whether you qualify for student finance depends on:

1. Your university or college

2. Your course

3. If you’ve studied a higher education course before

4. Your age

5. Your nationality or residency status

The degree should be offered by a recognized UK university, must be delivered in the UK and belong to one of the following categories:

1. A first degree, for example BA, BSc or BEd

2. A Foundation Degree

3. A Certificate of Higher Education

4. A Diploma of Higher Education (DipHE)

5. A Higher National Certificate (HNC)

6. A Higher National Diploma (HND)

7. A Postgraduate Certificate of Education (PGCE)

Part-time students need to complete their courses at a rate of at least 25% of an equivalent full-time course in each academic year (course intensity).

The Repayment of the loan will begin when your annual income exceeds £ 21,000 ** in the United Kingdom and starts either

1. The first April following the end of the degree

2. In April four years after the start of the degree, for part-time students

** the annual income for the commencement of repayment varies according to the country in which the student is working.