STUDENT FINANCE All the information below is taken from www.gov.uk/student-finance. Please see this website for further details, since changes will be updated there first and the information below may not reflect such changes after publication of this booklet. Nevertheless, the information below should give you a feel for how student finance is organized and assessed. The rates listed below apply to new students for the 2021-2022 academic year. How much will your university or college course cost? If you are going to university or college the main costs you’ll have are: •
Tuition fees (the amount you are charged each year for your course).
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Living costs (money for accommodation, food, bills and books).
Your costs will vary depending on where you study and live. Grants, bursaries and loans are available to help you with these costs. Full-time student costs Tuition fees Check your university or college prospectus or website to find out what your tuition will cost. The maximum tuition fees a university or college in the UK can charge full-time students from England is £9,250. Not all universities or colleges will charge the maximum amount. Those that charge over £6,000 will need to ensure that students from all income groups can access their courses. Tuition fees for gap year students If you decide to take a gap year and delay your entry from 2022/23, your tuition fees will be at the 2023/2024 rates. Help with university or college costs - full-time students Loans to cover your tuition fees You do not have to pay tuition fees up front, you can get a Tuition Fee Loan to cover the full cost. Your Tuition Fee Loan is paid directly to your university or college. You will have to pay your Tuition Fee Loan back when you earn over a certain amount. See ‘Repaying student loans’ below for details. Tuition fee bursaries and scholarships You may be able to get a bursary to help towards your tuition fees. You do not have to pay bursaries back. Bursaries are available if you are charged the maximum and receive the Special Support Grant. See ‘Grants to help with your living cost’ below to find out about these grants.
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