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Welcome to London Chamber of  Education

Student Finance

Are you confused about student finances? What are you entitled to, and where can you find information about it? The London Chamber of Education is here to help you with your student finance application. 

Everything you need to know about

Student Finance England

An Introduction to Student Loans

3150+

Applications

99%

Succes Rate

1,387k+

Total Funds

To be eligible for student finance, EU students starting courses on or after 1 August 2021 must have settled or pre-settled status in the UK under the EU Settlement Scheme. This does not apply to students who are citizens of Ireland.

It is essential that you are aware of this requirement before applying for student finance; otherwise, you will be rejected.

For further information, go to GOV.UK's EU Settlement Scheme information guide.

 

Tuition fee loans are provided to cover the entire upfront cost of tuition fees.

Tuition fee loans are paid directly to your university or college, so you don't have to be concerned about them.

Tuition fee loans are typically available for the term of your education plus one extra year, for example, if you drop out and return later.

Maintenance Loans are available to assist with some of your living expenses at university, such as accommodation, transportation, food, and textbooks. It's unlikely that this will cover all of your living expenses, so you'll have to pay the difference.

The amount you receive will be determined on a sliding scale based on:

  • where you're studying - students studying away from home in London receive more to compensate for the higher cost of living here than those who live at home or outside London.

  • your household income - students from lower-income families are eligible for more - This is known as'means-tested' funding, and it requires your parents/guardians to submit proof of their income.

Student finance in the United Kingdom

Student loans and grants in the United Kingdom are primarily provided by the government through the Student Loans Company (SLC), an executive non-departmental public body. The SLC is responsible for Student Finance England and Student Finance Wales, and is a delivery partner of Student Finance NI and the Student Awards Agency for Scotland. Most undergraduate university students resident in the United Kingdom are eligible for student loans

What financial support are you eligible for?

Tuition fee loans and maintenance loans are two types of student loans that can help you with living expenses throughout the academic year.

  • Tuition Fee Loans are paid directly to the course provider to cover the full cost of your study, and you won't have to pay it back until after your degree or after you give up your course. Therefore, you pay when you're earning above a certain level (e.g., for the 2022-2023 academic year, the threshold is £27,000).

  • Maintenance loans are paid to you in three instalments. How much you get depends on the following circumstances: your household income, whether you study in London or outside of London, where you live, and how long your course is.

  • Students can apply for grants if they’re eligible for certain benefits: child care grant, parent learning allowance, disabled student allowance, and adult dependent grant. More information is also available on GOV.UK's student finance pages.

I need support with Student Finance

If you need assistance in accessing the maximum funds from Student Finance England, WhatsApp us  here  and we will be in touch shortly.

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