Student Finance Booklet

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GOVERNMENT FINANCIAL SUPPORT FOR STUDENTS NORMALLY RESIDENT IN NORTHERN IRELAND FOR FULL-TIME UNDERGRADUATE STUDY* Tuition Fee loans Tuition Fees for full-time UK students starting undergraduate courses in September 2022 will be £9,250

• Students do not need to pay for their course upfront. • Students can apply for a loan to cover the cost of their tuition fees. Repayments start when the student has finished their course and is earning over £20,195.

• Students need to re-apply for their funding each year. Maintenance Loan

• Available to help with living costs such as food, accommodation and travel. • A loan of up to £4,840 will be available if you live away from home. • The Living Cost loan is normally paid in three equal instalments over the academic year. • Loans for final year students are reduced as they do not include an allowance for the summer vacation period.

• Final year students may receive their loan in two instalments. Maintenance Grant

• If your taxable household income is assessed at £41,065 or below, you can apply for a maintenance grant of up to £3,475 a year.

• Maximum grant is £3,475 if household income is £19,203 or less. • You do not have to re-pay this grant. Annual package of support 2022/23 (Student living away from home) HOUSEHOLD INCOME**

LIVING COST GRANT

LIVING COST LOAN

TOTAL FOR LIVING COSTS

Up to £19,203

£3,475

£2,953

£6,428

£25,000

£2,201

£3,289

£5,490

£30,000

£1,215

£3,625

£4,840

£35,000

£689

£4,151

£4,840

£41,065

£50

£4,790

£4,840

£41,540

£0

£4,840

£4,840

* subject to eligibility criteria. Please see www.gov.uk/student-finance ** Assessment is based on income for the 2020/21 tax year


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