Student Loans are available to eligible full-time students doing a higher education course in the UK. Student Loans can help you with the costs of higher education. The interest on Student Loans is linked to the rate of inflation, so in real terms what you repay will be broadly the same as what you borrowed. There are two types of loan available - you can take out either or both:.
All eligible full-time higher education students entering higher education can get a Student Loan for Tuition Fees. If you started your course in RoI before September , you will continue to be eligible for a non-means tested non-repayable grant to cover the student contribution charge.
If you study at a private institution, you should be aware that that you may not receive the full tuition fee loan support to cover your tuition fees. You will be responsible for funding the difference in the additional cost of your tuition fees. You should find out what tuition fees are charged by the private institution and what tuition fee loan support is available from your local Student Finance NI office before you start the course.
You can take out around 75 per cent of the maximum Student Loan for Maintenance regardless of your household income - this is called the 'non income assessed' part of the loan. Whether you get the remaining 25 per cent - the 'income assessed' part of the loan - depends on your household income. To qualify for a Student Loan for Maintenance, you must also be aged under 60 when you start your course.
Your Education Authority will assess your application and decide which rate you are eligible to receive. Student Finance NI will usually pay the money into your bank account in three instalments - one at the start of each term.
Your first repayment will be due in the April after you leave your course. You can repay more if you want to clear your loan faster. The more you earn, the quicker you repay the loan. For more information on how and when to replay your loan, see:. Student Loans accrue interest from the date they are paid out, up until the date when they are repaid in full. The interest rate for student loans usually applies from 1 September to 31 August each year.
This will be based on the maximum amount of loan you're entitled to borrow - even if you choose not to take it out. If your circumstances change, for example, if your income goes up or down, it's important to tell your Education Authority office. To find out how to apply for a Student Loan see Applying for student finance. We will not reply to your feedback.
Don't include any personal or financial information, for example National Insurance, credit card numbers, or phone numbers. The nidirect privacy notice applies to any information you send on this feedback form. Comments or queries about angling can be emailed to anglingcorrespondence daera-ni. If you have a comment or query about benefits, you will need to contact the government department or agency which handles that benefit. Check what you need to do.
To help us improve GOV. It will take only 2 minutes to fill in. Cookies on GOV. UK We use some essential cookies to make this website work. Accept additional cookies Reject additional cookies View cookies.
Hide this message. Home Education and learning Student finance. Repaying your student loan. This guide is also available in Welsh Cymraeg. Print entire guide. Related content Student finance Terms and conditions of student loans Self Assessment tax returns Tell HMRC about a student or postgraduate loan in your tax return Student finance if you suspend or leave your course Allowing someone else to manage your student loan account.
Brexit Check what you need to do.
0コメント