Finance
2012 fee changes
The Government is reducing funding contributions for UK students in higher education. Universities must now set their own fees, up to a maximum of £9,000 per year from 1 September 2012. However, no one has to pay for this cost up front, all students are entitled to a tuition fee loan to cover the cost of their fees.
Main costs
- Tuition fees – up to £9,000 per year from 1 September 2012
- Living costs – approximately £7,150
Income and support
Tuition fee loan
- This covers the full cost of tuition fees.
Living cost loan
- Up to £5,500 will be available if you live away from home and study outside London.
- Up to £7,675 will be available if you live away from home and study in London.
- Up to £4,375 will be available if you live with your parents.
Living cost grants and university bursaries (non-repayable)
For information about the NTU fees and finance package visit the main NTU Managing your money webpages. There is also other financial support available, visit the Directgov website for further information.
Student loan repayments
- Your student loan is repayable after graduation and only if you are earning £21,000 per year.
- There's no pressure to pay back loans if you can't get a job.
- You pay it back in small increments depending on your salary.
- The repayments come out of your wages like tax and national insurance.
- If you have not repaid your loan after 30 years it is written off.
- Having a student loan does not affect your credit rating and is highly unlikely to affect your ability to get a mortgage.
You can download our finance fact sheet 
which details the living cost loans and grants amounts and provides an example of repayments per salary.
Applying for student finance
- Apply from 14 December 2012.
- Register with Student Finance England.
- Complete the online application form or request a PN1 form.
- If you want to be assessed for the maximum loan/grant available to you, make sure you complete the means tested section
Take a look at our useful links below for websites with further information:
