Loans for part time study 2017/18

If you started your course on or after the 1st of September 2012 you can get a Tuition Fee Loan to help cover the cost of your tuition fees. This means most students won’t have to pay any tuition fees upfront. To get a Tuition Fee Loan you must be studying at a course intensity of at least 25 per cent This means you’ll need to complete your course in no more than four times the time it would take to complete if you were studying full time The amount of Tuition Fee Loan you get depends on your course intensity and what your university or college charges you. Your Tuition Fee Loan will be paid directly to your university or college and has to be paid back. You don’t have to repay any loans until the April after you finish or leave your course, or the April four years after the start of your course, whichever comes first. The amount you repay each month is based on your income, not what you borrowed. You’re charged interest from the day your first payment is made until your loan is repaid in full or cancelled. The interest rate is based on the UK Retail Price Index and will vary depending on your circumstances.

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