Student loans funding

For students to be eligible for SLC funding, they must be studying a designated course. Courses at ABI College are designated each year by the Department for Education. We have made an application for following courses:

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

Student Finance England

Below resource will help students to find their way around the Directgov student finance pages. The Sifter (Student Information Fast Tracker) helps students get to the information they need quickly and easily; it signposts students to tailored finance information.

Most students will apply for two types of loans:

• Tuition fee loan

• Maintenance loan- full-time students only

• Maintenance grants- full-time students only

The maintenance loan

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

London: 3 The Mount, London W3 9NW | Reading: 80 London Street, Reading RG1 4SJ © 2017 ABI College

Page Last Updated October 7, 2017