Tuition fees in the UK have been rising for years, capping last year at the highest amount it ever was. A Government allowed universities and other higher education providers to charge students with a fee of ?9,250 per annum. Furthermore, studying in the UK requires additional expenses apart from tuition fees. Though you may gain a scholarship (full or partial one) there may still be a financial gap you need to fill.

The Government gives a significant financial support to students, who struggle with funding, through a well-established and flexible student loan system. Because your education in the UK may totally depend on your detailed budget plan you must have a knowledge of this loan system. This article provides a better understanding of this.

Eligibility

The first thing you need to do is to check if you are eligible for a fund or not. Below are certain conditions and terms that qualify you for a student loan before going into details on each:

• Your university or college
• Your course
• If you have studied before
• Your age
• Your residency status or citizenship

Your University

In order to be eligible for a student loan in the UK, you should check if your university is aligned with certain government regulations. Not every higher education provider there is in accordance with these regulations and so it can’t award you a recognized degree. If so, you won’t be allowed to seek a student loan fund. Unless your university carries an official recognition you’re not eligible to apply for such loan. For the sake of information, these institutions are known as recognized bodies. As opposed to these, universities and other higher education institutions that can’t award degree are known as listed bodies. For instance, if you have studied in one of these listed bodies your degree must be awarded by another recognized body.

Note however that this list doesn’t remain the same all the time. We advise you to regularly check whether your actual university or the one you’re willing to enroll is on the list. If you don’t find it listed here contact the Department of Education to check it for you. Otherwise, you can end without getting any of UK student loans.

Your course

Just like universities, courses also need to be estimated whether they are in line with education law regulations. Some courses may be offered in universities, but still not recognized so to say. If your study course is not any of these below you’re not eligible to apply for a student loan:

A first degree, BA or BSc or Bed A foundation degree A certificate of Higher Education A diploma of Higher Education (DipHE) A Higher National Certificate (HNC) A Higher National Diploma (HND) A postgraduate certificate of Education (PGCE) Initial Teacher Training An integrated master’s A pre-registration postgraduate healthcare course

Note: Part-time students are obligated to study 25% (at the minimum) of a full-time course in each academic year to be eligible to take a loan. This is called course intensity.

You’ve studied before

Usually, UK student loans are given to those students who are seeking a degree for the first time. This remains true even if your prior degree was achieved leaning only on your money. However, there are some unique circumstances under which you may get a limited https://getbadcreditloan.com/payday-loans-nh/lebanon/ funding.

On the other hand, if you already hold a degree you can get a limited fund in these cases You have completed a Foundation degree, an HNC or HND and now you want to seek an Honours degree.