2 minute read
Government financial support Northern Ireland
FOR FULL-TIME UNDERGRADUATE STUDY*
Tuition Fee loans
Tuition Fees for full-time UK students starting undergraduate courses in September 2021 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 £19,895. This figure is index linked and likely to increase year on year. • 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 2021/22 (Student living away from home)
HOUSEHOLD INCOME** LIVING COST GRANT LIVING COST LOAN TOTAL FOR LIVING COSTS
Up to £19,203 £25,000 £30,000 £35,000 £41,065 £41,540 £3,475 £2,201 £1,215 £689 £50 £0 £2,953 £3,289 £3,625 £4,151 £4,790 £4,840 £6,428 £5,490 £4,840 £4,840 £4,840 £4,840
* subject to eligibility criteria. Please see www.gov.uk/student-finance ** Assessment is based on income for the 2019/20 tax year
Additional support available • Help with the cost of childcare and other financial support for parents. • Financial help for students with an adult who depends on them financially. • Grants for students with a disability to help with extra costs.
How to apply • For more information and how to apply online, please visit www.studentfinanceni.co.uk.
Applications will open from early 2022. Apply by the end of May 2022 to ensure you receive your loan payments in September.
FOR PART-TIME UNDERGRADUATE STUDY*
Please visit the Student Finance Norther Ireland website for further information regarding funding for part-time study.
