STUDENT FINANCE

Frequently Asked Questions

Tuition Fee Loan

One main form of support Student Finance England provides is tuition fee loans. These loans are available to most students and can be used to cover the cost of tuition fees up to a certain amount. The loan is repayable, but students do not have to start repaying it until they are earning over a certain threshold, which is currently £26,575 per year (2023). With a tuition fee loan, students can focus on studying without worrying about the financial burden of their course.

Maintenance Loan

The loan is meant to assist students in covering costs such as rent, meals, and course-related fees. The student’s household income, course and location of study, and whether they are full-time or part-time students, all play a role in determining how much of a loan they will receive. In order to support a student’s total financial needs while they are enrolled in school, the Maintenance Loan can be utilized in conjunction with other sources of student funding such as grants and bursaries. To receive Maintenance Loan you must work while studying.● The maximum maintenance loan in London is 13 500 GBP ● Outside of London 9 500 GBP

Childcare Grant

Childcare Grant is a type of financial assistance granted to qualifying students with dependents to aid with the expense of childcare. The award, which has no repayment requirements, is meant to help students who otherwise wouldn’t be able to continue their education because of the cost of childcare. Students must be enrolled in a full-time course, receive the usual student financial package, and be responsible for paying at least half of the childcare costs for their dependent children in order to be eligible for the Childcare Grant. The number of dependent children and the expense of child care determine how much assistance is given. For students with dependents, the Childcare Grant can significantly reduce their financial burden.

Parental Learning Allowance (PLA)

Parental Learning Allowance (PLA) is a sort of financial aid offered to full-time students who are parents by Student Finance England. It is intended to assist with the extra expenses associated with studying, such as child care and travel costs. The amount of support for PLA is determined by a student’s household income and unique circumstances; it is non-repayable. Students who have dependent children, complete at least 25 hours of coursework per week, and get Student Finance England financial aid are all eligible for PLA.The financial stress of juggling parenthood and higher education can be lessened by using this money, which can be a useful resource for parents who are doing so.

Disabled Student Allowance (DSA)

Disabled Student Allowance (DSA) is a type of financial support provided by Student Finance England to help full-time students with disabilities meet the additional costs of studying. The allowance is intended to cover the cost of equipment, support services, and other expenses related to a student’s disability, such as additional travel costs.The amount of funding available for DSA is based on an assessment of a student’s individual needs, and it does not have to be repaid. To be eligible for DSA, students must have a disability or a long-term health condition affecting their ability to study, enroll in a higher education program, and receive student finance support from Student Finance England.In order to level the playing field and enable students with disabilities to concentrate on their education, this funding might be a vital resource.The financial stress of juggling parenthood and higher education can be lessened by using this money, which can be a useful resource for parents who are doing so.

Special Support Loan (DSA)

Special Support Loan is intended to give students with disabilities, care leavers, and those with dependents additional financial assistance to help cover their course and living expenses.The loan is repayable, and repayments begin as soon as the student earns more than a specific amount. Other student loans, such as the Disabled Student Allowance, may be combined with the Special Support Loan (DSA).

Adult Dependent Grant

For students who have an adult dependent who needs assistance with daily life due to a chronic disease or disability, such as a spouse, partner, or elderly parent, Student Finance England offers the Adult Dependant Grant.The award is given to the student directly, not to the defendant, to assist in defraying the increased expenses related to caring for a dependant. The grant, which has no repayment obligations, can be used to pay for extra expenses like travel and lodging. Depending on each student’s unique situation, Student Finance England decides whether they qualify for the Adult Dependent Grant.

Travel Grant

The travel grant is financial assistance for students studying abroad or on placements. These funds aid in defraying the cost of travel as well as associated charges like visas, immunizations, and insurance. Depending on a student’s circumstances, including their field of study, the length of their placement or study abroad program, and their personal financial condition, the amount of assistance may vary. Students must be enrolled in a higher education program and receive financial aid from Student Finance England in order to qualify for a travel grant.

NHS Bursary

NHS Bursary (England Only):This funding supports medical and dental students in England. It can include:A means-tested bursary; A non-means-tested grant; Tuition fee contribution; Reduced student loan; Additional funding based on circumstances.