As part of your student finance agreement, you must keep us up to date with any changes to your course or personal details as these can affect your funding.
The following pages will explain more about who can get this grant , how much you can get , how and when to apply , and how it's paid. Skip to content. Maintenance Grant Full-time undergraduate, Northern Ireland students. Pages in this section: Pages in this section 1. You might also be able to get other financial help, for example from your university or the government. You'll need to create a student finance account if you're a new student or sign into an existing account if you're a returning student.
It can take up to 6 weeks to process your application. You might have to provide extra evidence. You must update your application if your circumstances change. For example if you:. After you register at your university or college you'll usually get your maintenance loan paid directly into your bank account at the start of each term. You'll need to reapply for student finance for each year of your course. You must keep your details up to date throughout your course because some changes can affect your loan payments, for example if your household income or bank details change.
Make sure your contact details are up to date in your repayment account. The log in details will be the same as for your student finance account. To help us improve GOV. It will take only 2 minutes to fill in. Cookies on GOV. UK We use some essential cookies to make this website work. Accept additional cookies Reject additional cookies View cookies. Hide this message. Part of Get undergraduate student finance: step by step. Student finance. You may also be able to get extra help.
Print entire guide. Step 1 : Check if you're eligible. Step 2 : Find out how much loan you could get. It will need to cover the following:. There is a great student budget calculator that is a great way to keep track of your money.
Not enough to live on? We surveyed students to ask them where they needed more support around finance for uni. Students said they felt most stretched covering monthly bills, accommodation and transport. This is an easy one. Just send your completed form here. Short answer — it depends on several factors including your living arrangements and household income. Your university location and living situation will all factor in to determine the amount you will be entitled to. See the table here for the various amounts available and check out the maintenance loan calculator on the SFE website to get an estimate of what you could be entitled to.
If you are staying in university accommodation there is nothing to worry about. They will only take rent once the maintenance loan has been deposited into your account. If you are staying in private accommodation, be sure to let your landlord know when you expect the loan to arrive. You can find out more about extra maintenance loans here. You should also check out Student Finance England maintenance loan calculator. If you are let go from your employment or fall on hard times then your loan repayment will pause.
The loan debt is wiped out after 30 years. You will be charged a base interest rate of 5. When you have finished your studies, you interest rate will drop to 2. This interest is being added to your total amount repayable. This is different to interest as this is how much of the loan you really have to pay back once you start earning over the repayment threshold. You can apply for a student maintenance loan on the SLC website. Simply follow the instructions online and complete the form. The process does not take long.
You can also apply for a maintenance loan through the post but the online method is easier and more efficient. When you are in final year the amount of your maintenance loan will reduce. Strictly speaking this is because once you finish your final exams, you are not a student anymore. In your previous few years as a student, the government took into account summer vacation.
However, this no longer applies once a student has completed their final term. Very few loans are interest-free and the maintenance loan is no different.
0コメント