Universities in the UK charge tuition fees. Fees may vary, depending on the university and the course.
All universities publish the fees for each course on their websites. Before making a choice, it is a good idea to check the universities and courses you are interested in and make sure what the tuition fees are.
Studying in England – costs
The average annual tuition fee at an English public university is around £9250, which works out at around £27,000 for a three-year undergraduate degree.
This money you will not give back if you earn less than £27,725f in a given tax year. Only anything over this amount will be taken by the state as part of the 9% tax to pay off your studies.
Students starting their studies in the autumn of a given year should apply for a loan as early as possible, so that the university does not claim outstanding payments from student finance. Even if you apply late, this is not a problem as the university will wait up to six months for your loan from the government.
You can apply for a Maintenance Loan throughout the academic year. However, applying early will ensure that you receive your loan from the beginning of your studies.
Our agency assists you with the entire funding process or if you wish you can apply for the loan yourself online via https://www.gov.uk/student-finance.
European Union citizens must apply by letter. Applications can be found at https://www.gov.uk/student-finance or at our office.
What financial support is available?
There are two types of loans in the UK provided by Student Finance England (SFE). This organisation, through the UK government, provides loans to UK students as well as EU nationals.
Types of loans:
– Tuition Fee Loan – Tuition Fee Loan – is paid directly to the university of your choice,
– Maintenance Loan – Maintenance Loan – is paid towards living costs. This loan is dependent on your household income. If you have an income of less than 25l. this is your parents’ income. The minimum amount you can get is 9,944f.
⦁ Tuition Fee Loan
The Tuition Fee Loan, also known as a student loan, is what many students apply for to cover the cost of a university course. It is rated as non-profit and is designed to help students in the UK, whether they are studying full-time or part-time, who would otherwise struggle with tuition fees.
⦁ Maintenance Loan
A Maintenance Loan is a loan to cover living costs. Different loan amounts are available and depend on household income and place of residence. Only those with a low household income (around £26,000 per annum per household) are eligible for full support. Please note that a minimum of pre-settle status is required to receive a Maintenence Loan.
Paying your tuition fees
The Student Finance organisation will transfer the tuition fee money directly to the university of your choice. The fee for the academic year is spread over three instalments. SFE will inform you by letter of the details of your loan payments.
The amount of the loan depends on the income in your household and where you live. For the 2023/2024 academic year, the maximum loan amounts for full-time students are as follows:
Living away from home, outside London – approximately £9978
Living away from home, in London – approximately £13022
Living with parents – approx. £8400
Plus grants if you are a student parent (£1,915), or caring for an adult (£3,000).
and bursaries from the university each year (around £500).
The total amount you get can be as much as 17,000f each year!
The loan is granted for the academic year and paid into your UK bank account at the beginning of each term. You will receive an email and a letter stating the amount of funding and the dates you will receive the money. They are paid in 3 instalments throughout the academic year.
You will only start repaying the loan after you have completed your studies and only if your income exceeds a certain threshold. If you work in England then the threshold for 2023- 2024 is 27,295f and increases each year The threshold varies depending on the country you earn in and changes on 6 April each year. In 2023-2024, the financial threshold for Poland was £10,920 per year (around £54,000) – this is how much you needed to earn to start repaying your loan when you returned to Poland.
The earliest you can start repaying the loan is in the month of April after graduation (subject to exceeding the threshold). The loan is cancelled after 30 years, regardless of whether you have successfully repaid it or not.
Repayment of the Maintenance Loan follows the same rules as the Tuition Fee Loan and is dependent on your income. For example, if you earn 31,000f in a given tax year the government will calculate the 9% which is over 27,295f and spread it over 12 months. Take a look at the table (plan 2) to see more examples of what amounts will be charged each month in repayment.