Financial Support for University Students
£6,150 per annum for courses awarded by Staffordshire University
£5,950 per annum for courses awarded by Newcastle-under-Lyme College
£3,075 per annum for courses awarded by Staffordshire University
£2,975 per annum for courses awarded by Newcastle-under-Lyme College
There are two types of loans to help new students cover the costs of their higher education course in college: tuition fee loans and living cost loans (also called maintenance loans). You pay these loans back when you finish your course and earn over £25,000.
Tuition fee loans are available to help full-time and part-time students pay the cost of your tuition fees. They are paid directly to the College by the Government.
What you have to pay back:
The amount you have to pay is calculated as 9% of your taxable earnings (so long as your income is sufficiently high to have triggered repayment).
Example of student loan repayments
|Income each year before tax||9% will be deducted from||Monthly repayment (approx)|
Full-time students can apply for a Maintenance Loan to help with living costs. Maintenance Loans are paid into your bank account at the start of each term. Part-time students can’t apply for a Maintenance Loan.
The exact amount full-time students can borrow depends on:
- your family's income
- where you live
- what year of study you’re in
More information about applying for a student loan
Use the Student Finance Calculator to get an estimate of the loans, grants and bursaries available to you.
For more information please visit the Money Saving Expert website.