Understanding student finance in the UK can be complex, with different rules for home, EU, and international students. This guide breaks down the main types of funding available to help you plan your university finances.

Tuition Fee Loans

For eligible UK students, a Tuition Fee Loan covers the full cost of your course fees. This loan is paid directly to your university or college. You only start repaying it once you've graduated and are earning above a certain threshold.

Maintenance Loans

Maintenance Loans are designed to help with living costs, such as accommodation, food, and travel. The amount you receive depends on your household income and where you live and study. Like Tuition Fee Loans, these are repaid based on your earnings after graduation.

Grants and Bursaries

Unlike loans, grants and bursaries do not need to be repaid. They are usually awarded based on specific criteria, such as household income, academic merit, or personal circumstances. Many universities offer their own bursaries, so it's worth checking their websites directly.

Scholarships

Scholarships are another form of non-repayable funding, often awarded for academic excellence, sporting achievement, or specific talents. They can be offered by universities, charities, or private organizations. Researching and applying for scholarships can significantly reduce your financial burden.

International Student Funding

International students typically do not qualify for UK government student loans. However, many universities offer specific scholarships and bursaries for international applicants. It's crucial to research these options early in your application process.

KnowEra provides up-to-date advice on student finance and can help you navigate the application process for loans, grants, and scholarships. Contact us for personalized financial guidance!