Student Loans in UK

Student loans and grants in the United Kingdom are mostly available from the government. The UK government makes available the loans and grants through the Student Loans Company or SLC for short which is a non-departmental public body.

The different student loans in the UK are the tuition fee loan, the maintenance loan and the maintenance grant:

• Tuition Fee Loan – The student loan which is called the tuition fee loan are loans which only full-time students. The loan covers the full cost of the tuition fee. In the 2009/2010 academic year that passed, universities are entitled to charge up to £3,225. This is except Scotland because the students there do not pay for tuition. During the 2010/11 academic year, the tuition fee increases to £3,290.

• Maintenance Loan – Another kind of student loan is the maintenance loan which have the purpose of helping students pay for living costs while studying at university. Each student is entitled to a certain amount; students living at their own homes are entitled to less and those living at universities in London are entitled to more. Students form families with low income can request that their loan be increased.

• Maintenance Grant – A maintenance grant is actually not a student loan. They are grants, which are not required to be repaid, given to students from low-income households on top of the maintenance loan.

These are the student loans UK students can avail of from the government. You can also avail of them if you qualify.