IS UNIVERSITY AFFORDABLE STUDENT LOANS

If your child is planning to study at a university in the UK, they can apply for a student loan through the Student Loans Company. This consists of two parts:

A Tuition Fee Loan, which covers the full cost of the university fees

The basic rate of a Maintenance Loan to help with living costs, such as rent and bills.

They may be eligible for a higher Maintenance Loan depending on your family’s household income. For the 2023-24 academic year, the maximum Maintenance Loan is £9,978 for a student living away from home (outside London) or £8,400 for students living with their parents (outside London).
 Living away from your parents, in London Up to £13,022 (2023/24)

For more information, visiteyondwww.gov/uk/browse/education/student-finance. this, parents may contribute to additional living costs.