Fees and finance

Don’t think let money worries stop you from going to university. I was worried I wouldn’t be able to afford to live away from home, but the maintenance loan covered all of my bills and accommodation. There’s so much help and support in place if you do have any worries or questions, so don’t be put off!

Emma

Broadcast Journalism student

Our fees for students from the UK, Channel Islands and Isle of Man studying a full-time undergraduate degree are £9,250* per year for the first year of study.

FEES for UK part-time students will vary depending on the number of credits taken per year. Financial support is available to undergraduate students to help with the cost of university.

Tuition fee loans, available for students from the UK, are paid directly to the University each term and you don’t need to pay anything upfront. If you’re studying full-time, you’ll receive a maximum of £9,250 per year, depending on the course. If you’re a part-time student, you’ll receive a maximum of £6,935 (figures correct at time of production). A maintenance loan for living costs is also available to support undergraduate students from the UK. The maximum amount that you may receive depends on a number of things, including your household income, your course, where you will live while you are studying and your individual circumstances. Loan for living costs are paid directly into your bank account each term.

For more details on student finance, visit salford.ac.uk/undergraduate/fees

More information is also available on the government website at gov.uk/student-finance

INSPIRE

Our Inspire scheme is open to all new home and EU undergraduate students joining a foundation year or year one of an undergraduate degree based at the university. You’ll receive £150 of credit to spend in a dedicated online store where you can buy learning resources such as text books, electronics or stationery, to give you the best possible start to your studies here at Salford. The scheme runs annually, meaning you’ll receive £150 of credits each year of your undergraduate degree if based here on campus. For students from low-income backgrounds and living in areas where participation in higher education is low, there will also be the opportunity to receive an additional £350 of credits each year. This will be based on personal circumstances and will be assessed when you register at the start of your degree.

For more details on the scheme visit salford-inspire.co.uk

You currently don’t have to pay back your loans for tuition fees or living costs until you are earning over £26,575** per year.

The loans are repaid at a rate of 9% of your income over the threshold amount. So the threshold is £26,575 and say your salary is £27,500, you’ll pay 9% of £925, which is £6.94 per month – about the same as buying three coffees each month. Repayments start the April after you graduate (provided you are earning over the threshold). and are taken automatically, so you don’t need to set this up. If you are self-employed, you would be advised to contact HMRC separately to set up the repayments.

For more details and to check your eligibility for a student loan, go to gov.uk/repaying-your-student-loan

£0 £6.94 £14.44

Think you can’t afford to study at University? Watch our short video at

vimeo.com/universityofsalford/ feesandfunding

£6.94 = 3 coffees per month

£21.94 £29.44 £36.94 £44.44

YOU PAY (PER MONTH)

UP TO £26,575 £27,500 £28,500£29,500 £30,500 £31,500 £32,500 YOU EARN (PER YEAR)