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Students loans and grants

Student Finance - What you can expect

While you are studying either an undergraduate or postgraduate course at university you'll normally have to pay for your tuition fees as well as your living costs for the duration of your degree. You can apply to Student Finance England (SFE) for loans and grants to help with some these costs.

Depending on what course you are studying you may need to apply to NHS Bursaries for your funding package instead or if you are an undergraduate and ordinarily resident in Wales then apply to Student Finance Wales, Northern Ireland apply to Student Finance NI or if you are from Scotland you would apply to the Student Awards Agency for Scotland (SAAS).

If you are a full time UK student you can apply for:

Depending on your personal circumstances you may also be eligible for:

If you have specific disability or learning support needs then you may be eligible for some help through Disabled Students Allowance.

EU students

If you’re an EU student from outside the UK studying in England, you can apply for a Tuition Fee Loan if you meet certain conditions but not loans or grants for living costs unless you have been resident in the UK for 3 years prior to the start of your course.

If you have been working in the UK for a while and intend to continue doing so whilst studying, you may be assessed for further financial support as a Migrant Worker but this is not always guaranteed.

Applying for Student Funding

The easiest way to apply is online. Remember that you have to re-apply for your funding each year and make sure you submit your application on time. There is one form for all your student finance, so there is no need to apply for grants or bursaries separately. Make sure you give consent for the University to see your information if you would like to be assessed for a bursary.

What if I need to repeat a year?

Student Finance will cover the cost of one repeat year or if you decide to change course within your first year of study, providing you do not repeat any further years or change course again. You need to let SFE know when you are studying a repeat year otherwise they will assume you have continued into the next year of your course which will cause complications later down the line.

Maintenance Funding from September 2016 onwards

New full-time students starting their courses from 1 August 2016 onwards, ‘2016 Cohort students’, no longer qualify for maintenance grants. They instead qualify for a loan for living costs (maintenance loan) which for students on household incomes of £25,000 or less, is 10.3% higher than  the total grant/loan support in 2015/16.

This table can help you work out the amount of maintenance funding a student will receive per year. The figures are based on students studying outside of London. If you are under 25, these figures will be reduced if you live with your parents. An ‘Assessed Contribution’ is the amount of  funding SFE would expect the household to contribute to the students funding package.

Sept 2016 starters (full time, living away from home and not studying in London)

Household Income       Income Assessment (to loan)       Assessed Contribution (to loan)       Loan for Living Costs      
£25,000 or less £0 £0 £8200
£30,000 £588 £0 £7612
£35,000 £1177 £0 £7023
£40,000 £1766 £0 £6434
£42,875 £2105 £0 £6095
£45,000 £2355 £250 £5845
£50,000 £2944 £839 £5256
£55,000 £3533 £1428 £4667
£60,000 £4122 £2017 £4078
£62,180 £4379 £2274 £3821(+)
£65,000 £4379 £2274 £3821
£70,000 £4379 £2274 £3821

Students with household incomes above £25,000 lose £1 of loan for every complete £8.49 of income above £25,000 until the amount they receive reaches 46.6% of the maximum amount (indicated at (+) in the table above), at which point there is no further reduction.

Even though students can no longer receive a maintenance grant, the following grants are still available for eligible students:

If you have specific disability or learning support needs then you may be eligible for some help through Disabled Students Allowance.

EU students

If you’re an EU student from outside the UK studying in England, you can apply for a Tuition Fee Loan if you meet certain conditions but not loans or grants for living costs unless you have been resident in the UK for 5 years prior to the start of your course.

If you have been working in the UK for a while and intend to continue doing so whilst studying, you may be assessed for further financial support as a Migrant Worker but this is not always guaranteed.

Applying for Student Funding

The easiest way to apply is online. Remember that you have to re-apply for your funding each year and make sure you submit your application on time. There is one form for all your student finance, so there is no need to apply for grants or bursaries separately. Make  sure  you give consent for the University to see your information if you would like to be assessed for a bursary.

What if I need to repeat a year?

Student Finance will cover the cost of one repeat year or if you decide to change course within your first year of study, providing you do not repeat any further years or change course again. You need to let SFE know when you are studying a repeat year otherwise they will assume you have continued into  the  next year of your course which will cause complications later down the line.

Part-time students are able to apply for a tuition fee loan only to help pay for fees providing the intensity of the course is a minimum of 25% of a full-time course equivalent.

If you’re a part-time student you’ll be due to start repaying your loan in the April after you leave your course or the April four years after the first day of your course (even if you’re still studying), whichever comes first providing you are earning over the £21,000 threshold.

NHS healthcare professional courses which began before August 2017

If you are studying an NHS-funded course then you will be getting your tuition fees paid by the NHS.

Students should also receive a monthly bursary, £1000 grant and a reduced rate maintenance loan from SFE to help support their living costs. The bursary & grant are non-repayable.

The amount of loan given is standard:

  • Students living in the parental home - £1744
  • Students living in their own home/away from the parental home - £2324

There are reduced amounts of loan when you reach the final year of your course.

The £1,000 grant is a set amount however the bursary is means-tested therefore is dependent on your household income amount.

The following tables show the maximum basic bursary support available to students on a 30 or 45 week course.

For students studying up to 30 weeks each year, you can receive:

If you will be studying and living              

Non-means tested grant                  

Means tested bursary (maximum)               Non-means tested maintenance loan              
Outside of London and living in student/rented accommodation/your own home during term time. £1,000 £2,643 £2,324
Outside of London and living with your parents during term time. £1,000 £2,207 £1,744

Students studying 45 weeks or more each year can receive:

If you will be studying and living              

Non-means tested grant                  

Means tested bursary (maximum)               Non-means tested maintenance loan              
Outside of London and living in student/rented accommodation/your own home during term time. £1,000 £4,491 £2,324
Outside of London and living with your parents during term time. £1,000 £3,439 £1,744

Depending on your personal circumstances you may also be eligible for the following extra support:

  • Parents Learning Allowance
  • Childcare Allowance
  • Dependants Allowance

If you have specific disability or learning support needs then you may be eligible for some help through Disabled Students Allowance.

NHS healthcare professional courses which began after 1 August 2017

From 2017/18, new students on nursing, midwifery and allied healthcare profession pre-registration courses in England will take out maintenance and tuition fee loans from Student Finance England like other students rather than getting an NHS bursary. Social work students are unaffected by these changes for 2017 entry and remain on the existing system.

Transitional arrangements for NHS students

Students on NHS healthcare professional courses which are either postgraduate or part-time, will be affected by the transitional arrangements. The transitional arrangements operate for courses starting between 1 August 2017 and 31 July 2018. These two groups of students will be funded on the older NHS Bursary system.

Essential information on funding for NHS courses can be found on the NHS Student Services website.

For Masters courses beginning from August 2017, English and Welsh domiciled students who are not on a course that receives a bursary from the NHS or Department of Health will be able to borrow a loan of up to £10,000. This is designed as a contribution towards course costs and is paid directly to the student. Loans are available for courses in all subject areas as long as the course is a full Masters qualification.

Students who are residents of Northern Ireland may apply for a postgraduate tuition fee loan of up to £5,500 from Student Finance Northern Ireland

The key points of the English and Welsh postgraduate loans are summarised below:

  • Postgraduate Loans will be available up to a maximum value of £10,280.
  • The loans are available for both taught and research Masters courses.
  • Postgraduate loans will be available for all full-time, part-time and distance learning Masters courses.
  • Repayments will be income-contingent and made concurrently with undergraduate loans.
  • Rates will be set at 6% (England) or 9% (Wales) of annual income over 21,000.
  • The current interest rate is the annual RPI+3%. More details can be found at www.slc.co.uk

Eligibility and applying

Details are available from the Gov.uk website. Potential applicants are requested to read the eligibility criteria thoroughly. If you have any questions that the student finance bodies cannot answer to your satisfaction, you can email Moneymatters on moneymatters@salford.ac.uk

If you have secured a place through Clearing, you will need to look at applying for your funding. You can do so here.

Student Finance England has produced a video for students going through the clearing process and needing to apply for finance which can watched here.

Videos with BSL interpretations

Extra support available:

If you have any questions or are concerned about your student funding assessment then please contact one of our finance advisors at moneymatters@salford.ac.uk for help.