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Student Loans

Student Loans

Find out about the government loans available to help you study.

Tuition fee loans

All eligible students from the UK and EU, entering university in 2019, can study without paying up-front by taking out a tuition fee loan. Details of student finance provision for 2020 has not yet been confirmed.

Eligibility criteria for tuition fee loans includes factors like where you live, the course you choose to study and where you study. It can affect your entitlement if you have any previous higher education study.

The government, via The Student Loans Company, will lend you the money to cover the full cost of your tuition fees for every year of your course. Features of the loan include:

  • the government pay the loan directly to your university, not to you
  • you only start to pay back the loan when you are earning over £25,725 a year
  • you can apply for a tuition fee loan from your student finance body

Living cost loans

Students from England can apply for a living cost loan to help pay for living expenses. The amount you can borrow depends on where you live and study, and your household income. If you have any previous higher education study it also affects your entitlement. For information on the support available, including to those students eligible for/in receipt of benefits please contact Student Finance England.

If you're a student from Scotland, Wales or Northern Ireland you can find information on living cost loans from your student finance body.

Extra government financial support

Students with adult and/or child dependants or who have a disability may be entitled to extra help in addition to any grants and scholarships available. You do not usually have to pay this money back. A number of sources for extra financial help are available for students at Newcastle University:

Loan repayments

This information on loan repayments applies to students from England and other EU countries. Some information is different for students from Scotland, Wales and Northern Ireland.

Get an idea of what your loan repayments could be using the GOV.UK loan repayment calculator.

Key loan repayment facts

  • Repayments are based on what you earn, not what you owe
  • Tuition fee and living cost loans repayments are combined
  • You will not start to make repayments until you earn over £25,725 a year
  • If your income falls below £25,725, your repayments stop until you start earning £25,725 again
  • All your student loans are added together and a single repayment will be deducted from your salary
  • Any outstanding balance is written off after 30 years

Rates of interest

While you are studying and up to the April after you leave university, interest on your loan will be applied at the rate of inflation (RPI) + 3%. From the April after you leave your course, interest rates are based on the amount you earn:

Your circumstancesInterest rate
Whilst studying and until the April after leaving the course RPI + 3% 
If you come into repayment from April 2019

Variable interest, dependent upon income 

RPI where income is £25,725 or less, rising on a sliding scale up to RPI + 3%, where income is £46,305 or more 

If you lose touch with SLC or do not send them the information they require RPI + 3%, irrespective of income, until SLC have the information they require 

More information about tuition fees

Tuition fee loans and living cost loans are available to eligible new students from the UK and EU (EU students can apply for tuition fee loans only). Students who take out a loan will pay nothing up front or during their course.