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Student loans and repayments

Loans to full time students from the UK

You can apply for a tuition fee loan up to £9,250 for 2018/19 and 2019/20. This is paid directly to the university each year, and is not dependent on your household income.

You may also be able to apply for a maintenance loan to assist with meeting living costs such as food, accommodation and travel expenses. These are normally paid in three instalments throughout the university year directly to your bank account.

Further details can be found on the Government’s website which also includes information for Part Time and EU students. Northumbria University’s own website also includes information.

These arrangements are currently being looked at as part of the Government’s review of post-18 education and funding (gov.uk/government/publications/review-of-post-18-education-and-funding-terms-of-reference) and may change in the future.

Repayment of student loans

Graduates with a home address in England, who have a student loan, only start repaying their loan the April after graduation. Further details, including arrangements for students outside England and information on interest, can be found on the Student Loans Company website.

The rules mean you only make repayments once you earn over £25,725 per year from April 2019, and only on the amount above £25,725. You'll pay 9% of anything you earn above that amount. If you don't earn more than the threshold, you won't pay anything and, after 30 years, any outstanding loan is written off.

With graduate average starting salaries between £19,000 and £22,000 most graduates won’t repay anything until established in their careers. Even graduates earning £30,000 per year will be repaying less than the cost of a daily coffee.

Annual income before tax Monthly salary Monthly repayment
£25,725 £2,083 £0
£27,000 £2,250 £10
£30,000 £2,500 £32

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