Due to the ongoing Covid-19 situation, the FutureMe team are now working from home. We remain available online to support you during this time. Visit our resources section to find information and activities that can be accessed at home. Click here for more information.

Student Finance

Student finance doesn't need to be off putting or overwhelming! Knowing the facts will help you get everything that you are entitled to as a student. Watch our animation to find our more about the financial support you can recieve when studying for a higher education qualification. 

Cost of Higher Education

Most higher education courses charge tuition fees which are reinvested into the institution providing the course and are used for teaching, facilities and student support. 
The maximum fee an institution can charge is currently £9250 per year, however this is not fixed and could rise in subsequent years - course fees are dependent on the course type and institution so it is important to check with each course you are considering.

Higher apprenticeships and degree apprenticeships do not charge a tuition fee as this is met by the government and the training provider. Students completing an apprenticeship will receive a wage for the duration of their studies. 

Although courses charge tuition fees, the cost of higher education needn't be daunting as you don't pay a penny upfront and there is lots of help available. Student Finance England is the organisation who provide student loans across the country, to support both the cost of tuition and the living costs associated with being a student.

What can I get?

There are two main elements to student finance:

Tuition Fee Loan - This is a loan to cover the cost of tuition and it is paid directly to the university or college you will be studying at. All students are eligible for the full amount of loan to cover their tuition fees should they chose to accept, meaning there is no requirement to pay any money upfront. 

Maintenance Loan - This loan is to support with the living costs associated with studying. This is a means tested loan, therefore the amount you receive will depend on your household income and factors such as whether you live at home or move out to live independently. 

Additional Finance - There is additional finance available for students with disabilities and those with adult or child dependants.

  

We have more information about student finance on this page

Test Yourself

Put your student finance knowledge to the test by completing our quick quiz below. 

Challenge Yourself 

Keep track of your research and your new and improved knowledge by completing the activity that can be downloaded below and list five things you now know about student finance. 

We hope your challenge preparation is coming along nicely, if you need a reminder about the challenge and what you need to do, click here

Keep us up to date on your challenge progress on social media by using the hashtag #FutureMeChallenge.