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Undergraduate loan options

Katie Fiddaman

Katie Fiddaman posted on

If you are looking to go into full-time or part-time undergraduate education, you could be entitled to a number of different types of loan.

Full-time Undergraduate Education

1. Full-time Tuition Fee Loan

A Tuition Fee Loan covers the cost of the tuition fees charged by the university or college. It’s only available to students studying an eligible:

  • Undergraduate course
  • Initial Teacher Training (ITT) course
  • Postgraduate Certificate of Education (PGCE)

Students studying at an eligible university/ college can get a Tuition Fee Loan of up to £9,250 (as of 2018/19).

The Tuition Fee Loan is paid directly to the university or college in 3 instalments during the academic year. Students need to enrol in their university or college before Student Finance England can make the first payment. At Pearson College London, this means that you need to be registered with the validating university (University of Kent).
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2. Full-time Maintenance Loan

A Maintenance Loan helps with day-to-day costs, such as rent or food. It’s paid directly to the student, normally around the start of term. It’s only available to students studying an eligible:

  • Undergraduate course
  • Initial Teacher Training (ITT) course
  • Postgraduate Certificate of Education (PGCE).

Interest is charged from the day the first payment is made to the student until the loan is repaid in full or cancelled. The Maintenance Loan, plus any interest, has to be paid back but not until the student has finished or left their course and their income is over a certain salary (this will depend on the year.)

3. Full-time Disabled Students' Allowances

Disabled Students' Allowances (DSAs) help pay for extra costs a student might have as a direct result of their disability, including a long-term health condition, mental-health condition or specific learning difficulty such as dyslexia. They must meet the definition of a disability under the Equality Act 2010.

DSAs don’t usually have to be paid back, unless the student leaves their course early. Eligible students may be able to get:

  • General Allowance - helps to pay course-related costs.
  • Specialist Equipment Allowance - used to help buy equipment needed.
  • Non-Medical Helper Allowance - used to help pay for support workers such as British Sign Language interpreters or mobility trainers.
  • Travel Allowance - used for any additional study-related travel costs.

The application process can be found on the Student Finance England website.

There are three more undergraduate full-time loans that can be applied for...

4. Full-time Childcare Grant

Childcare Grant is additional income assessed funding to help students with children pay the costs of childcare during study.

5. Full-time Adult Dependants’ Grant

Adult Dependants’ Grant is additional funding to help students who are financially responsible for another adult. This grant is available to full-time students studying an eligible:

  • Undergraduate course
  • Initial Teacher Training (ITT) course
  • Postgraduate Certificate in Education (PGCE)

The grant doesn’t usually have to be paid back unless they leave their course early and is paid directly to the student, in addition to any other student finance they can get.

6. Full-time Parents' Learning Allowance

Parents’ Learning Allowance is additional funding to help students who are also parents. This can be used for everyday costs of study, such as books, study materials and travel. This grant is available to full-time students studying an eligible:

  • Undergraduate course
  • Initial Teacher Training (ITT) course
  • Postgraduate Certificate in Education (PGCE)

It doesn’t usually need to be paid back unless the student leaves their course early. It is paid directly to the student in addition to other student finance they can get and will not affect their existing benefits.
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We hope that this has simplified student finance a little bit and good luck with your applications!

All information in this blog has been taken from the Student Finance England website.

Undergraduate loan options
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