Funding your studies

We know you probably have questions about how you’re going to cover the costs of going to university; so here we’d like to help you to get to grips with it all.

In this guide, you'll find out:

  • what financial support you can get to pay your tuition fees
  • when and how you apply for this support
  • what financial support you can get to pay your living costs
  • how you pay back your student loans.

Full-time UK home* undergraduates from England

This is the support you can apply for:

  • A Tuition Fee Loan: Up to £9,250 per year to pay for your tuition fees
  • A Maintenance Loan: Between £3,124 and £8,430 depending on your household income and whether or not you will be living in your parental home during term time. (Students in receipt of certain benefits can get up to £9,609 per year)
  • University bursaries or scholarships: for eligible students

Part-time UK home* undergraduates from England

This is the support you can apply for:

  • A Tuition Fee Loan: Up to £6,935 per year to pay for your tuition fees.

*Home refers to all students who are UK nationals or have settled status in the UK and who have been ordinarily resident in the UK or its islands for three years before the start of their course. A small number of other categories of students may qualify for home status, too. Further information is available from the Student Financial Advice Service .

What if I’m an international or EU student? Can I get any funding?

This section is for UK home students only. Please see our International student pages for information about the funding available to pay for your undergraduate studies.

How do I pay my tuition fees?

  • Starting at NTU in 2017/2018

    Good news – most new UK home* students don’t have to pay any fees upfront. Instead, they can apply for a Tuition Fee Loan which will be paid by Student Finance England. This will apply if you are studying full-time or at least 25% of an equivalent full-time course.

    The loan will be paid directly to the University on your behalf in three instalments, so all you’ll need to do is apply for it. Make sure you apply early to ensure that the fee loan is confirmed before your course starts.

    And it doesn’t matter what your household income is as the Tuition Fee Loan is available regardless of income.

    You can visit Gov.uk for more information on who is eligible, how to apply and when you repay your loan.

  • Starting at NTU in 2018/2019

    If you’re beginning your studies in 2018/2019, we anticipate that the funding available for your tuition fees will be the same as that for 2017/18 starters and you’ll be able to find more information on paying for your studies here as it becomes available.

How do I pay for my living costs?

While most of you will have your tuition fees taken care of, one thing you will need to think about is paying for your day-to-day living costs – things like your accommodation, food, books and social life.

  • 2017/2018

    Maintenance loan (repayable): If you’re a full-time UK home undergraduate student from England, you can usually get a loan of up to £8,430 per year. The amount you can borrow depends on your household income, your year of study, whether you are living in your parental home during term-time and whether you are eligible for certain benefits.

    You won’t have to pay this loan back until you’ve left the University and you’re earning more than £21,000 per year, £1750 per month or £403 per week. See below for more information about paying back your loan.

    If you’re a part-time UK undergraduate student, you can’t apply for a maintenance loan towards your living or other course costs.

    Scholarships and bursaries (non-repayable): You may even be eligible for other types of funding, which you can find out about on our scholarships page.

    Get a job: Many students decide to get a part-time job in term time and / or work full-time in the holidays. Find out more about working as a student.

    Other funding: There is extra money for disabled students, students with children, students with care responsibilities and care experienced students. Make sure you research your own circumstances and check you are applying for everything you’re entitled to.

    If you have previously studied at higher education level your eligibility for student finance maybe affected. You are advised to contact your national Student Finance Service for further guidance.

    To check exactly what financial support is available to you visit the Gov.uk website and speak with one of our advisers.

  • 2018/2019

    If you’re beginning your studies in 2018/2019, we anticipate that the maintenance loan arrangements will be broadly the same as for 2017/18 starters. The loan rates for 2018/19 have not yet been announced but you’ll be able to find more information on paying for your living costs here as it becomes available.

How do I apply for the Tuition Fee and Maintenance loans?

English students can apply for loans online through Student Finance England. If you are starting your course in 2017/18 you should apply now if you've not already done so.

We would urge you to apply early – you don’t have to wait until you’ve confirmed your university place.

The deadline for applications is usually the end of May prior to the start of your course. You can still apply after this time, but your funding may not be in place for the start of your course.

Students who normally live in Scotland, Wales, or Northern Ireland can find further information about the financial support package available to them and how to apply for it from their student Finance Service as follows:

What about repaying my loan?

  • When do I pay it back?

    Relax – you’ll only start paying your loan back after you’ve left university. And not necessarily straight away.

    Your repayments won’t begin until your earnings, based on your weekly or monthly pay, look set to exceed £21,000 per year.

    If you lose your job, or your pay drops below £21,000 per year, your repayments automatically stop.

  • How much?

    Currently, how much you pay back is worked out as a percentage of your income (9% of anything you earn over £21,000). So, no matter how much you borrow you pay it back at the same rate. The repayments are taken automatically out of your wages each month, just like tax and national insurance.

  • And what about interest rates?

    Your loan will accrue interest. The interest rate on your loan varies depending on your income, but for current borrowers, it will never be more than inflation (based on the Retail Price Index) plus 3%.

  • For how long?

    If you pay off the full amount, you’ll stop paying. Alternatively, any outstanding balance is written off after 30 years, so some people will never pay off the full amount they’ve borrowed.

So how much will it actually cost me?

REPAYMENTS*

(Monthly repayment amounts are based on the amount you earn, not the amount you borrowed.)

Annual earnings

Monthly income (before tax)

Monthly repayment

£21,000

£1,750

£0

£24,000

£2,000

£22

£27,000

£2,250

£45

£30,000

£2,500

£67

*Repayments are calculated at 9% of anything you earn above £21,000

On average graduate students earn £12,000 more a year than their non-graduate peers… £500,000 over a lifetime!

Adzuna.com – June 2015 research which analysed 100 million job vacancies

Above all, remember that a degree gives you:

  • a greater choice of careers
  • the potential to earn more
  • less chance of being unemployed.

It’s a huge investment in your future!

What happens if I need financial help while I’m at NTU?

Our Student Financial Support Service is here to help you. Find out how on our Financial Support Services page.

I’ve still got some questions – how can I contact you?

If you still have any questions or concerns about paying for your studies, please don’t hesitate to email the Student Financial Support Service or call them on +44 (0)115 848 2494.

Further information on paying for your studies

  • If you’re an international or EU student, please see the international students’ website for your fees information.
  • If you’re a Channel Isle or Isle of Man undergraduate student, you can apply to your own government department for funding to help with your tuition fees and living costs:

Department of Education, Isle of Man

Department of Education, Jersey

Education Department, States of Guernsey

  • Take a look at our guide to managing your money for hints and tips on budgeting and keeping on top of your finances while you’re at university.

Useful links

Student Finance England

Student Finance Wales

Student Finance Northern Ireland

Student Awards Agency for Scotland.

Gov.uk (for full details on paying back your loan, the interest you’ll have to pay etc.)

Quick Start Finance Guide (step by step information on your student finance journey)

The Student Room’s student finance zone

moneysavingexpert.com student pages

Funding your studies

Published on 14 March 2017

Still need help?

+44 (0)115 941 8418