Financial Support for University Students
£6,200 per annum for courses awarded by Staffordshire University
£5,950 per annum for courses awarded by Newcastle-under-Lyme College
£3,100 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
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)|
The exact amount full-time students can borrow depends on:
- your family's income
- where you live
- what year of study you’re in
Maintenance Loans (living cost)
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.
If you’re a part-time student starting a course on or after 1 August 2018, you can also apply for a Maintenance Loan to help with your living costs.
How much you can get depends on where you live and study, your course intensity and your household income.
The following table shows the maximum amount you can get based on where you live while studying, and your course intensity. How much you get depends on your household income.
|Study intesity||Living at home|
|100%||Up to £7,324|
|75%||Up to £5,493|
|66.6%||Up to £4,878|
|50%||Up to £3,662|
|33.3%||Up to £2,439|
|25%||Up to £1,831|
You must be studying at course intesity of at least 25% to get a Maintenance Loan.
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.