Student finance for 2011/12: new and continuing students :Cross Stitch – Education and learning

If your course starts before 1 September 2012, you won’t pay higher tuition fees. Equally, if you’ll be in your second year or above in September 2012, you won’t pay higher tuition fees. You’ll get a different student finance package to students starting a course after 1 September 2012. Find out what types of financial help you can get to pay for tuition fees and living costs.

The amount of help you get depends on your household income and tuition costs among other things. The basic loans and grants are detailed below.

Full-time students – loans and grants

New and continuing full-time students applying for 2011/12 and continuing students applying for 2012/13 can apply for:

a Tuition Fee Loan – to help with the cost of your tuition
a Maintenance Loan – to help with living costs
a Maintenance Grant – for additional help with living costs

Part-time students – loans and grants

New and continuing part-time students applying for 2011/12 and continuing students applying for 2012/13 can apply for:

a Fee Grant – to help with the cost of your tuition
a Course Grant – to help with the cost of books, travel and other course expenses

Additional help for full and part-time students

Both full-time and part-time students might be able to get extra help like:

scholarships and bursaries from your university or college
extra financial help from the government if you’re disabled or in financial hardship

You have to pay back any loans plus interest once you complete your course and start earning more than £15,795.

The amount you can earn before you have to start repaying your loan will go up each year in line with inflation (the retail prices index (RPI)).

You don’t have to pay back any grants, scholarships or bursaries.

To help with the cost of tuition fees there are certain loans and grants available. Tuition fees are the amount universities or colleges charge you each year to study.

If your course starts before 1 September 2023 UK universities and colleges can charge:

up to £3,375 for new and continuing full-time students in 2011/12
up to £3,465 for continuing full-time students in 2012/13
no limit for part-time students
no limit if you go to a private university or college

Full-time students

The maximum Tuition Fee Loan for if your course starts before 1 September 2023 is:

£3,375 for new and continuing full-time students applying for 2011/12
£3,465 for continuing full-time students applying for 2012/13

Tuition Fee Loans are paid directly to your university or college. It may not cover the full cost of your tuition if you’re studying at a private university or college.

If you’re a full-time EU student, you can apply for a Tuition Fee Loan if you meet certain conditions.

To help with living costs there are certain loans and grants available.

Full-time students

Full-time students can apply for a Maintenance Loan and a Maintenance Grant to help with living costs. These are paid directly into your bank account at the start of each term, once you’ve registered on your course.

Maintenance Loan

The amount you get depends on your household income, where you live and how much Maintenance Grant you get.

You can apply for 72 per cent of the Maintenance Loan without taking your family income into account. How much you get of the remaining 28 per cent depends on your family income.

Maximum Maintenance Loan Rates

you live at home	£3,838
you live away from home and study outside London	£4,950
you live away from home and study in London	£6,928

Maintenance Grant

If you get help from the Maintenance Grant you don’t need to borrow as much through the Maintenance Loan and will have less to repay.

under £25,000	£2,906 (£2,984 for continuing students in 2012/13)
£25,001-£50,020	£50-£2820 (£50-£2983 for continuing students in 2012/13)
over £50,020	no grant

Other maintenance support

If you qualify for certain benefits (like Income Support), you may get the Special Support Grant instead of the Maintenance Grant. You get the same amount but it doesn’t reduce how much Maintenance Loan you can get.

Part-time students

Part-time students can’t apply for a Maintenance Grant or Maintenance Loan. Instead, they can apply for a Course Grant to help with the cost of books, travel and other course expenses. This is paid directly into your bank account.

How much you get depends on your household income and circumstances. The amounts shown below can increase if you have a partner or children. Download the guide ‘How you are assessed and paid’ for more detail.

up to £26,029	£265
£26,030-£28,065	£50-£265
over £28,065	no grant

To help with tuition fees and living costs, you may be able to get a bursary or scholarship from your university or college.

Any money you get doesn’t have to be paid back but there are certain conditions you need to meet.

If you pay the maximum tuition fees and qualify for the full Maintenance Grant you can a bursary to help with your tuition fees of at least:

• £338 for new and continuing students in 2011/12• £347 for continuing students in 2012/13

To get a bursary or scholarship you have to contact your university or college.