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Maintenance Support

Maintenance loan The maintenance loan is the main student loan product for living costs for full-time undergraduate students and those on initial teacher training courses. It comprises the non-financially assessed portion, which all students who are...

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Tuition fee support

Tuition fee loan The tuition fee loan is a non-financially assessed loan to meet the cost of tuition fees. It is payable to the HE provider if the student is in attendance on the 90th day after the academic year start. The maximum amount of tuition...

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Targeted Support

Adult Dependant’s Grant The Adult Dependant’s Grant (ADG) is a financially-assessed grant potentially payable where the student has a dependant over 18. Eligible students are entitled to £2,510 (England and Northern Ireland domicil...

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Income Contingent Repayment

Income-Contingent Repayment (ICR) for 2006/07 Academic Year Overview The majority of current lending, for fees and grants, is collected through a repayment mechanism of the UK tax system. This system of collection is known as Income Contingent Repa...

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Fixed Term Loans

Overview Students who started in higher education before September 1998 would have taken out a fixed-term (mortgage style) loan. These loans, which were introduced in 1990, are repaid in a fixed number of instalments - normally 60. Typically, accoun...

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How Student Loans Are Repaid

Account holders in the UK Tax System Those who are in the UK Tax System have their repayments deducted at source by their employers or through their self-assessed tax returns. An account holder is identified in the UK Tax System by means of the Nati...

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Write-Off Terms

Some account holders can have their loans written off in certain circumstances: Age write-off New lending is subject to a 25-year maximum term (35 years for Scottish domicile students) because of the changes to the age entitlement for new maintenan...

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Loan Cancellation

Assuming repayments are maintained, the Student Loans Company would usually cancel any outstanding loan (plus any interest) under the following circumstances: when the repayer reaches 65 if the repayer becomes permanently disabled and un...

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Future Developments

On 3 July 2006 the Minister of State for Higher Education delivered a written ministerial statement that the Student Finance Delivery System in England would be transformed so that by September 2008 a new, fully integrated, Student Finance Service wo...

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Targeted Support

Adult Dependant’s Grant The Adult Dependant’s Grant (ADG) is a financially-assessed grant potentially payable where the student has a dependant over 18. Eligible students are entitled to £2,510 (England and Northern Ireland domicil...

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Starting uni in the autumn?

It's best to apply for student finance as soon as possible - the earlier you apply, the better your chances of getting payment in plenty of time

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