Funding & Student Loans Company (SLC)

Using Government Funding via Student Loans Company (SLC)

In order to start studying in the United Kingdom, you will need to pay the tuition fee (starting from £6,165). The fee can be paid by the student or the student can apply for a loan from Student Loans Company to cover the tuition fees (university costs).

UK citizens and EU citizens (only those who hold PRE-settled or SETTLED status) are fully eligible to apply for a tuition fee loan via Student Loans Company*.

EU and UK students can also be eligible to apply for a  Maintenance Loan* to cover the living costs during the period of studies, considering they are meeting the required criteria.
You can receive up to £13,348 as a Maintenance Loan and up to £3,800 in grants (further eligibility criteria apply). The amount varies depending on personal circumstances (household income, etc).

*The TUITION FEE LOAN & MAINTENANCE LOAN are money that have to be repaid once the student has graduated and earns more than £25,200/annum (for the courses that start in the academic year 2023/24).
Currently, there is a 9% tax on the income that goes beyond the set threshold, money that will become taxable only after graduation or after the student has decided to end their course.

POSTGRADUATE STUDENTS
EU and UK students are also elligible for postgraduate learning funding (allowance depending on mode of delivery).

The funding allowance is capped at £12,471 – money which are paid directly to your bank account. Postgraduate learners have to establish payment schedules with their education provider & the studenrt is responsible for covering any further funding required to cover the tuition fees.

Contact us now to find out more!