Student loans for maintenance

In addition to your tuition fees, you will also have to pay for accommodation (if you decide to live away from home) as well as your day-to-day living expenses. 

In addition to the student loan to cover your tuition fees, you can also take out a special student loan for maintenance to help you with your living expenses. 

These maintenance loans are different to those offered by banks or building societies.  Student maintenance loans attract a very low rate of interest usually just the rate of inflation - which means that the total you repay is the same, in real terms, as the amount you borrow. 

The amount you can borrow under the student maintenance loan scheme depends on the size of your household's income, ie, depending on your circumstances, the amount earned by you, your spouse or your parents. 

Each year the Government sets the maximum amount students can borrow under the maintenance loan scheme.  All eligible students are entitled to take out 72% of the maximum figure. Whether you can borrow any or all of the remaining 28% depends on your income and that of your household and the size of any Government Maintenance grant you receive.

Read the Loan and Grant Entitlement List (PDF List)   

You will need to apply for the loan through the Student Finance England.