Money for higher education
Money for Higher Education
Most people borrow the money to pay for Higher Education tuition fees and living costs through a loan from Student Finance England.
You do not have to pay it back until you are earning over £27295 per year. Its unlike any other kind of loans as you only pay back based on what you earn rather than what you owe. So if you earn £28000 you pay back £5 a month.
For more information about what help is available, eligibility and how to apply for student finance.
Please note - student finance will be changing in 2023-24. Read this article from Martin Lewis about the changes.
Scholarships, Grants & Bursaries
Many colleges and universities offer financial scholarships, grants and bursaries to students who meet specific criteria. So look at their websites for more information.
Scholarships are also advertised on the Scholarship Hub.
For more information about scholarships, bursaries and loans
Depending on what you are interested in studying you might find that some employers will help fund your degree through an employer sponsored degree.
You could also consider a Higher or Degree Apprenticeship where you do a degree whilst you are working without any fees.
Disabled Students Allowance
If you currently get extra support at school, you could be entitled to claim up to £25, 575 per year of additional support for higher education. This allowance is called Disabled Students Allowance and exists to cover the study-related costs you have at higher education, because of a mental health problem, long term illness, specific learning difficulty or any other disability. Find out more here.