Diploma for Financial Advisers
Diploma in Accounting
Member of London Institute of Banking and Finance

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If you’re starting university, you might wonder, “How much do students get in student finance?” The answer depends on the type of loan, where you live, and your household income. Here’s a breakdown of what’s available for full-time students whose courses began on or after 1 August 2016.

Tuition Fee Loan

The Tuition Fee Loan covers your course fees and is paid directly to your university or college. You can borrow up to:

• £9,250 per year for standard full-time courses.
• £11,100 per year for accelerated degree courses.

This loan has to be repaid after you finish your studies.

Maintenance Loan for Living Costs

The Maintenance Loan helps cover living costs like rent, food, and travel. The amount you can borrow depends on your living arrangements and household income. The maximum amounts for the 2024-2025 academic year are:

• Living with parents: Up to £8,610.
• Living away from parents (outside London): Up to £10,227.
• Living away from parents (in London): Up to £13,348.
• Studying abroad as part of your course: Up to £11,713.
• Aged 60 or over: Up to £4,327.

The loan is paid directly into your bank account at the start of each term.

If your course lasts longer than 30 weeks and 3 days, you may qualify for extra funding through a Long Course Loan. Students with disabilities, or those studying via distance learning due to a disability, may also be eligible for additional support.

Additional Support

You might get extra help with travel costs if you need to study away from home, particularly for medical or dental placements. Other funding options include bursaries, scholarships, and part-time work.

Planning Your Finances

You can use the Student Finance Calculator to estimate your eligibility and how much you’ll receive. Remember, you may not get the full amount, so it’s wise to explore other funding options or plan for additional costs.

Key Tips

• Report changes to your living arrangements promptly to ensure you receive the correct amount.
• Keep in mind that all loans must be repaid after graduation, once you earn above the repayment threshold.

Understanding how much students get in student finance is essential to prepare for university life. For more details, visit the official Student Finance website.

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