£12,382 student funding for living costs in 2021

Living costs 2021-22

By applying for Student Finance, you can get financial support from the UK government to fund your higher education in the UK

If you are enrolling on an undergraduate course, you can apply for 2 different types of funding:

  • Tuition Fee Loan to pay for your university's course fees, up to £9,250 per year.
  • Maintenance Loan to cover your own expenses while studying in the UK, up to £12,382 per year.

If you are about to start a postgraduate course you can get a Master's Loan of up to £11,570.

In order to apply for Student Finance, you must be a UK resident with a minimum of 3 years of residential history in the UK, before the start of the academic year, no matter what your nationality is.

If you have been living for more than 5 years in the country, you can apply online. All students with less than 5 years of residential history are required to fill a paper form.

Living costs 2021-22

Which documents you need to submit?

When applying for Student Finance, you will be expected to submit different kinds of evidence to prove your eligibility.

The most important thing will be your identity and proof of residency. So you will need to send your passport – the original hard copy, along with your residential card/permission/pre-settlement/settlement or share code to prove it.

If you have been living for less than 5 years in the UK, you will be asked to provide all your permanent addresses for this period.

Student Finance will want to know if you are under 25 and still dependent on your parents/guardians or another independent individual over 25. If you are still under age, you will need a sponsor to support your application. This is usually one of your parents/guardians. They will be required to submit their own application to support your study.

Student Finance will review all the papers and will announce their decision in 6 weeks.

How does the Maintenance Loan work?

The UK government has increased the Maintenance Loan for undergraduate students by almost £400 in the 2021-22 academic year.

Independent students in London will be able to apply for a loan of up to £12,382 to cover their expenses, while local students that remain at home will be eligible for up to £7,987 per year. Those who have chosen to study out of London can get up to £9,488 in 2021.

When can you apply for a Maintenance Loan?

There are several crucial criteria that financial experts will consider when reviewing your application for a Maintenance Loan, but the most important is: are you working?

Only students that have been employed in the UK for at least 3 months before their application are eligible for this type of funding. They will need to prove their working hours, their income and intention to continue working while studying in the UK.

If the student is still under 25, their sponsors will be required to submit their own application and provide information about their household income.

The repayment threshold is also growing and in the academic year of 2021-22, it is currently £27,295 for undergraduates and £21,000 for postgraduates. This means students with income below this threshold will not begin repayment.

Living costs 2021-22

Study in the UK with us

Applying for Student Finance can be overwhelming. When you enroll with us, we provide full support with your application. Speak to an advisor or browse our catalogue today.

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