Part-time UK undergraduate funding
The information below is a broad overview of funding for the 2019/20 academic year. It's important to check out your own funding situation by referring to the official Student Finance web pages.
Student Finance England
This information is for students living in England looking to apply for funding from Student Finance England (SFE). Don't forget to check whether you're eligible for the UWE Bursary.
For more information, please watch Student Finance England's video guides:
If you already have an honours degree, you won't qualify for financial support from SFE unless you are studying a part-time course in one of the STEM subjects including Engineering, Technology or Computer Science. See further information on ELQ. If you have other previous study but have not achieved the qualification, this could affect the number of years funding you are entitled to. Please contact a Money Adviser or your funding body to find out how this may affect you. To qualify, you'll need to register on a designated part-time course that is equivalent to at least 25% of a full-time degree course (30 credits or more), and you'll need to be classified as a Home (UK) or EU resident student. View full eligibility criteria.
Tuition fee support
The tuition fees charged for part-time courses depends on the number of credits you study each academic year.
Tuition fees for most part-time courses are charged on a pro-rata basis, so 50% of a full-time course would cost £4,625 per academic year.
You can apply for a non means-tested loan up to £6,935 each year.
You can choose to borrow a lesser amount (or none) and pay the difference (or all of your tuition fees) up front each year. The fee loan is paid directly to the University. Find out how and when you repay your loan.
The maintenance loan
You can apply for a means-tested loan each year for your living expenses, which is paid into your bank account at the beginning of each term.
How much loan you can get depends firstly on your ‘course intensity’. Course intensity measures your course each year compared to an equivalent full-time course. To work this out, you need to know how many module credits you'll study when you apply for the loan. The table below shows the maximum maintenance loan amounts per academic year depending on the intensity of your course, ie the number of credits you're studying per academic year.
How much loan you can get depends secondly on your parents' or partner's household income. This can reduce the living cost loan because it is means-tested based on this income. To work out how much you could get, you need to know whose income and what portion of that income counts.
Students living away from home with a household income (parents' or partner's) above £25,000 gross taxable income lose £1 of loan for every complete £7.79 of income above £25,000, until the amount they receive reaches 46.6% of the maximum amount, at which point there is no further reduction.
Students living with their parents lose £1 of loan for every complete £7.88 of income above £25,000, until the amount they receive reaches 44% of the maximum amount.
Maximum maintenance loan per academic year
Intensity of study per academic year
Max maintenance loan for students living away from home based on 100% amount of £8,944
Max maintenance loan for students living with their parents based on 100% amount of £7,529
75% (full-time equivalent rate) = 90 credits
If you're a full-time student, you'll start to repay your tuition and maintenance loan in the April after leaving higher education – but only when and if you're earning at least £25,725.
If you're a part-time student, you'll become liable to repay from the April after your fourth year of study, but only if you're earning over £25,725. If, for any reason, your income falls below £25,725, your repayments will be suspended.
Interest and inflation
The maximum interest rate is inflation rate (also known as retail price index) + 3%. Inflation rate is currently 3.3%. This rate is applied during your studies and until the April after you graduate.
After you complete your course, or after the fourth year of study as a part-time student, the interest rate will depend on your graduate earnings. The maximum is inflation rate + 3% and the minimum is inflation rate only.
Rate of repayment
Repayments will be 9% of income above £25,725, so the amount repaid each month will depend on earnings. For example, someone earning £26,000 would initially make repayments of just £2 per month.
If you borrow the maximum fee and maintenance loan for each year of a three-year course, your outstanding balance will be £54,582. The interest accrued during your studies will be just over £6,877 (based on an RPI of 3.3%). How much of this student loan debt you'll actually repay – ie how much your degree will cost you – will depend on how much you earn as a graduate in the 30 years after you graduate.
The table below illustrates how much of your student loan debt you would repay in total, over a 30-year period, based on the following income levels. The higher your graduate earnings, the more you repay. The lower your graduate earnings, the less you repay. Any outstanding student loan debt is then completely written off.
The government announced that the earnings threshold will be adjusted annually in line with average earnings.
You'll be liable to repay from the April after you graduate. You'll remain liable to repay for a maximum of 30 years, or until the loan is paid off – whichever comes first. However, you only repay when you earn more than the repayment threshold of £25,725. The repayment rate is 9% of gross earnings (ie before tax and national insurance deductions) above the threshold. So as an indication, if you earn £26,000, your monthly repayments would be just over £2. Any outstanding debt will be completely written off after 30 years of liability to repay. The debt will not be passed on to anyone in the event of death.
Student loans and Sharia Law
Some Muslims and members of other faiths may be deterred from taking out the UK government's student loans, due to the interest payment system. We have prepared this document on student loans and Sharia Law for undergraduate and postgraduate students who need to finance their education, and who also have questions or concerns about Sharia compliance.