Applying For University Loans In The UK

Certain criteria must be met in order for the student loans Company to grant finance to a potential student. For example, applicants must be registered on a full-time course, in order to take advantage of university loans, which help meet the costs of living expenses. In some instances, grants may be available, again however, certain criteria must be fulfilled prior to a grant being offered. In addition, maintenance loans may also be obtained, which help students meet their living costs whilst they are at university.

Students Loans

• Full-time students can apply for university loans, such as tuition fee loans, which cover the annual fees charged by the University or college that they wish to attend. Once granted, the fees are paid directly to the university or college selected. Applicants can apply for a student loan via the Direct Government website.

• Before a maintenance loan is granted, applicants will need to provide certain information, such as when the course starts, where the student resides, household income, what year of study the student is in, and finally, what help has been received through the maintenance grant.

How to Apply For Loans And Grants

• In addition to university loans, student's can apply for a maintenance grant which unlike a loan, does not have to be repaid. A maintenance grant is available in some instances, to help the student with living costs, however, they must be studying full-time. In order for a student to be considered for the maintenance grant, their annual household income (which includes their parents income if living at home) must be £50,020 or under.

• To apply for loans and grants, applicant's need to register for a student finance account on the government website. The account details are then used to login and complete the online application. Applicants will also need to send evidence of their identity and household income. The final stage of the process is to sign and return a declaration.