Student Loan
We offer loan to students which is used to pay off education-related expenses, such as college tuition, room and board at the university, or textbooks. Many of these loans are offered to students at a lower interest rate, such as the Perkins loan or Stafford loan. In general, students are not required to pay backthese loans until the end of a grace period, which usually begins after they have completed their education
Eligibility:
Students must meet two eligibility requirements
- Personal eligibility:-
- Personal eligibility principally concerns the student's residency status
- Course/institution eligibility:-
- To achieve course/institution eligibility, the student must be studying for an undergraduate degree at a UK degree-awarding institution or other verified higher education establishment.
- In addition, students on some teacher, youth and community worker courses are also eligible for SLC support
Tuition Fee Loan:
All full-time students are entitled to a tuition fee loan which covers the full cost of the tuition fee. For the 2009/10 academic year, universities were entitled to charge up to £3,225. In the 2010/2011 academic year, the tuition fee was increased to £3,290.
In the 2011/12 academic year the tuition fee was raised again to £3,375. For courses starting after the 1st of September in the academic year 2012/13 the cap will be raised to £9,000 per year for full time students and £6,750 for part time students. Scottish and Welsh universities will also be enabled to raise their tuition fees, however residents of Wales and Scotland will be entitled to free tuition within their own countries.
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