Tuition fee and maintenance loans
Once you’ve decided that Leicester is the right route for you, you’ll need to consider how you intend to fund your studies.
Tuition Fee Loan
All first time UK or EU students, irrespective of household circumstances, can take out a Tuition Fee Loan from the Government, which covers the cost of the tuition fee for each year of the course. This includes part-time courses. This payment is a loan (with interest) which you will automatically start paying back in the future once you are earning above £21,000 a year.
You can find out more about tuition fee loans on the Student Room's Student Finance Zone.
If you do not take out a Tuition Fee Loan, you can pay your tuition fee yourself. You can also have all or part of your fee paid by a sponsor such as a Government agency.
Students from Northern Ireland, Scotland and Wales may find the following webpages helpful:
Your Tuition Fee Loan pays your tuition fee whereas your Maintenance Loan contributes towards your living costs. If you are a UK student taking a full-time course, you can get a Maintenance Loan of up to £8,434 per year from the Government. Unlike a Tuition Fee Loan, this is not available to students from other EU countries and it's not available for part-time courses.
The amount you receive depends on your household income - see the table below. You will only have to start repaying this loan after you have graduated and once you are earning at least £21,000 a year.
Total Government support for living costs
||Maintenance loan 2017
|£25,000 or less
You must apply for a new your Maintenance Loan each year, which will be paid directly into your bank account at the beginning of each term. This student finance calculator can help you to work out how much you can expect to receive.
Future Finance Student Loans
Future Finance is a private loan provider in the UK that offers student loans to help cover tuition fees and living costs. Future Finance offers students the opportunity to apply for an alternative source of funding irrelevant to which level of study, up to £40,000. Please note, we encourage you to look for other sources of funding before taking out commercial loans.
If you have any further questions about fees and funding, please contact the Registry:
For general advice about student funding including loans and awards, visit our Student Welfare Service website or contact our Student Finance Advisers.