Tuition Fee Loan

Eligible full time UK undergraduate students can apply for a tuition fee loan to help them cover the cost of their tuition fees. The loan allows students to defer the payment of their tuition fees and means that you do not need to pay fees while you are studying. It is not possible to defer payment of tuition fees through any other method. Further information about tuition fees can be found here.

Fee loan amount

Tuition fee loans are not income assessed but the amount you can borrow will depend on when you commenced your course. Your entitlement to a fee loan can be affected if you have previously undertaken study.

If you started your course from September 2012 will be able to borrow up to £9,000* in 2015/16.

*The maximum Tuition Fee Loan available to 2012, 2013, 2014 & 2015 entrants from Wales will be £3,810. However, eligible students will also be able to access a non means-tested new tuition fee grant to cover the difference between the maximum tuition fee loan available and the tuition fee actually charged by the UK university (a maximum grant of £5,190 if a tuition fee of £9,000 is charged).

If you commenced your course after September 2006 but before September 2012 you will be able to borrow up to £3,465 in 2015/16.

Apply

You can make an application for a tuition fee loan at the same time that they apply for their maintenance loan. Applications can be made up to nine months from the first day of the academic year. You will need to make an application for a fee loan each year.

Repayment

You do not need to start repaying your loan until the April after you leave your course or you graduate - whichever is sooner and only when you are earning enough. Students from England and Wales who started university before September 2012 and students from Northern Ireland and Scotland will need to start repaying their loan once they are earning £17,335 or more. Students from England and Wales who commence their course from September 2012 will begin to repay their loan once they are earning £21,000 or more. You will be required to pay 9% of any income you have above the relevant threshold.

For repayment enquiries call 0300 100 0611 or take a look at the Student Loans Company repayment portal.

Interest

You are charged interest on your loan from the moment you receive the first instalment until you have paid it off in full. For students from England and Wales who started university before September 2012 and students from Northern Ireland and Scotland interest rates vary because they are linked to the rate of inflation.  The current interest rate is 1.5%.  For students from England and Wales who started university after 1st September 2012 interest rates vary and will depend on the rate of inflation and also how much you earn after you graduate.