Undergraduate Funding
2012/13 Entry
At UCP Marjon a typical fee for a full time undergraduate degree will be £7,800 for a years tuition, saving you up to £1,200 per year compared to most other universities.
Some things to remember:
- You do not have to pay for your course yourself upfront.
- You can get a tuition loan to cover the cost of your tuition, which you only start to pay back once you are earning over £21,000 a year after you have left university.
- For those graduates earning over £21,000 per year, their annual loan repayment is 9% of any income over £21,000. For instance, an annual graduate wage of £22,000 would result in a student loan repayment rate of £7.50 per month (9% of £1000). As your salary increases so does the amount you will be expected to repay.
- The repayment period is a maximum of 30 years beginning from the April after you leave your course. Any remaining balance on the loan is wiped out after 30 years.
- Credit agencies won't have details of your student loan therefore it won't affect your credit rating or limit your ability to get a mortgage.
- Part time students are also eligible for a tuition fee loan.
- Non-repayable government grants are available to help with living costs such as food, accommodation and travel.
- If you have a family income of less than £25,000 you may be eligible to apply for the National Scholarship Programme. More details about this scheme can be found here.
For more detailed information on financial support for full time study in 2012/13 please click here.
2011/12 Entry
Student Finance for Full-time Study
How and when to apply for student finance - Apply as soon as possible. For new full-time students applications will open on 16 March 2011, with a deadline for submitting applications of 31 May 2011.
To make sure your first payment is ready at the start of term - don't wait until you've been offered a place on a course. You’ll need to apply separately for each year of your course.
The fastest and easiest way to apply for student finance is to apply online
A single application lets you apply for student loans, grants, bursaries and you can also use it to indicate whether you want to apply for extra help.
Your parents or partners may need to supply financial information to support your application. If you apply online, they will be able to supply their information online as well.
For extra information and advice follow the links for details regarding
Help with student finance online services - Eligibility for student finance - Full time student finance FAQ
Maintenance Loan is there to help with the costs of higher education. The exact amount you can borrow will depend on several factors - including household income, where you live while you’re studying, when you started your course and whether you’re in your final year.
Follow the link for details about rates - or use the Student Finance Calculator for a quick guide.
Tuition Fee Loan covers the full amount you’re charged for tuition fees (please click here for 2010/11 tuition fees). The amount that you can borrow does not depend upon your household income. Student Finance England makes the payment directly to your university or college.
Maintenance Grant is there to help with accommodation and other living costs while you’re on a full-time higher education course and does not have to be repaid.
The actual amount you receive depends on your household income and other factors - including when you started your course.
Follow the link for details about rates - or use the Student Finance Calculator for a quick guide.
If you receive a Maintenance Grant, the amount of Maintenance Loan you can get may be reduced. If you get the Special Support Grant, it won't affect how much you get through the Maintenance Loan.
Special Support Grant replaces the maintenance grant for students who meet the conditions for being a ‘prescribed person’ under the Income Support or Housing Benefit Regulations. Students who are likely to qualify include: single parents; other student parents - if they have a partner who is also a student; students with certain disabilities. If you’re not sure which grant to apply for, contact Student finance England
Childcare Grant is for students with dependent children. If you qualify, the Childcare Grant could cover as much as 85 per cent of your childcare costs. This is a means tested grant.
Adult dependants’ Grant is for full-time higher education students with an adult who is dependant upon them financially.
Bursaries and scholarships are extra sources of financial help from colleges and universities. They’re paid directly into your bank account and are on top of any student loans or grants you may get and do not have to be repaid.
Colleges and universities in England must offer you at least a minimum bursary payment if you are paying maximum tuition fees, and getting the full Maintenance Grant or Special Support Grant. Student Finance England administer our bursary scheme on our behalf.
When you complete the main student finance application you'll be asked whether you consent to Student Finance England sharing your details with your university or college. Giving your consent allows Student Finance England to use information on our behalf to assess what you're entitled to.
Student Finance for Part time study
If you’re starting a part-time course in higher education, you could get financial help through the Fee Grant, Course Grant and other sources - depending on your circumstances. You’ll need to make a separate application for each academic year, using the application form for part-time student finance (PTG1).
If you’re getting an NHS Bursary you may still qualify for a reduced rate maintenance loan through Student Finance England. You’ll need to make a separate application for help through the standard student finance package. More information can be found on the Direct Gov website.
The Access to Learning Fund (ALF) can provide extra financial help for full time and part time UK students who are experiencing serious financial difficulties. The fund is means tested taking into account individual circumstances and government guidelines state that to be considered for an award applicants must have accessed their maximum entitlement to student loans and grants as well as student interest free backing facilities. The ALF is administered by the Finance & Welfare Team in Student Support. Applications can be collected from Student Support reception area.
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