Student loans funding

For students to be eligible for funding from Student Finance England, they must be studying on an eligible course at a provider registered with the Office for Students (OfS).The OfS is the new independent regulator for higher education in England and all higher education providers need to register with the OfS for their students to be eligible for student support in the 2019-20 academic year. The OfS will start publishing providers on its Register from July 2018. We have made an application to register for following courses:

and expect a decision by July/September 2018. No provider will be able to confirm whether student support is available until it has a decision from the OfS. Visit www.officeforstudents.org.uk  for more information.

Loan and grants includes:

• Tuition fee loan

• Maintenance loan

• Maintenance grants

ABI College charge:

HND Courses – £6,165 per year

University Courses: Student finance available through our awarding partner Plymouth Marjon University. 

Eligibility:

Most undergraduate students resident in the United Kingdom are eligible for student loans via Student Finance England or the other relevant bodies.

To be eligible for the tuition fee loan, this would usually be the first time you have studied on a higher education course and you must be ordinarily resident in England. To find out more about your eligibility go to: https://www.gov.uk/student-finance

Most students will apply for two types of loans:

Tuition Fee Loan

The tuition fee loan is paid directly to ABI College or it’s partner University that you have to pay it back.

Full-time student Tuition Fee Loan for the 2016 to 2017 academic year Tuition Fee Loan for the 2017 to 2018 academic year
Full-time Up to £9,000 Up to £9,250
Full-time at a private university or college Up to £6,000 Up to £6,165

• Maintenance loan- full-time students only

• Maintenance grants- full-time students only

Maintenance Loan for living costs

You may have to give details of your household income.

The loan is paid directly into your bank account at the start of term. You have to pay the loan back.

Full-time student Loan for the 2016 to 2017 academic year Loan for the 2017 to 2018 academic year
Living at home Up to £6,904 Up to £7,097
Living away from home, outside London Up to £8,200 Up to £8,430
Living away from home, in London Up to £10,702 Up to £11,002
You spend a year of a UK course studying abroad Up to £9,391 Up to £9,654

The maintenance loan is designed to help you cover your living costs whilst studying.

65% of the maximum amount is non means-tested

35% of the maximum amount is means-tested

Your student loan for tuition fees and student loan for maintenance will be added to your student loan for maintenance to be paid back after you graduate.

You don’t start paying back the loan until the April after you finish your course

You don’t pay anything until you earn £21,000 annually

The length of time it takes you to repay the loan depends on how much you have borrowed

Repayments are linked to earnings- not how much you owe – Income-Contingency Repayment (ICR)

Repayment is through the tax system

The amount you owe will be cancelled:

After 30 years

If you become permanently disabled

If you die

How to Apply

Applications for a student loan through the Student Loans Company can be made by directly via

https://www.gov.uk/apply-online-for-student-finance

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Page Last Updated March 12, 2018