Student Loan September 2022
The Student Loans Company (SLC) is responsible for Student Finance England’s full-time undergraduate and postgraduate students. Repayments are not means tested, so all eligible students are entitled to the same amount of financial support. Full-time students will receive a Maintenance Loan to help them with their living costs while they’re studying. This loan is paid directly into the student’s bank account at the start of each term. Most full-time students can apply for a Maintenance Grant, which doesn’t have to be repaid and is paid in addition to the Maintenance Loan. When you’ve finished your studies, you’ll only repay your loan when you’re earning over the minimum threshold (currently £25,725). You’ll repay 9% of your income above this threshold. If you’ve been awarded a grant, however, you will have to repay that in addition to your loan repayments
The Student Loans Company (SLC) is responsible for Student Finance England’s full-time undergraduate and postgraduate students.
The Student Loans Company (SLC) is responsible for administering the full-time undergraduate and postgraduate student loans in England. It is a government agency established in 1990 with its headquarters at Cheltenham. The company administers the Student Finance England’s full-time undergraduate and postgraduate students, including:
- Undergraduate and Postgraduate Tuition Fee Loans
- Maintenance Grants
- Appropriate Domicile Status
Repayments are not means tested, so all eligible students are entitled to the same amount of financial support.
The loan repayments are not means tested, so all eligible students are entitled to the same amount of financial support. Repayment of your loan is based on the income you earn as soon as you start working full-time or part-time after leaving education.
You will be contacted by The Student Loans Company (SLC) when your income reaches a certain level, and they will advise you on how much to pay each month. Payments can be made automatically if this is preferred.
Full-time students will receive a Maintenance Loan to help them with their living costs while they’re studying. This loan is paid directly into the student’s bank account at the start of each term.
- Full-time students will receive a Maintenance Loan to help them with their living costs while they’re studying. This loan is paid directly into the student’s bank account at the start of each term.
- The amount of your Maintenance Loan is based on how much you’re expected to spend on things like accommodation and food. It’s not means tested, so even if you have savings or other income, we’ll still pay you the same amount.
Most full-time students can apply for a Maintenance Grant, which doesn’t have to be repaid and is paid in addition to the Maintenance Loan.
The grant is paid in addition to the loan and doesn’t need to be repaid. It is not means tested and you’ll receive it whether your household income is low or high. The grant can be paid directly into your bank account, so there’s no need for complicated forms or proof of income. If you’re eligible for a maintenance grant, it will be paid at the start of each term (or on an occasional basis if this suits your circumstances better).
When you’ve finished your studies, you’ll only repay your loan when you’re earning over the minimum threshold (currently £25,725).
Once you’ve finished your studies, you’ll only repay your loan when you’re earning over the minimum threshold (currently £25,725). Repayments will be made through the tax system and will be 9% of income over this amount. If you’ve been awarded a grant, you will have to repay that in addition to your loan repayments. The repayment will be deducted from your income tax bill over 12 months after it’s due.
You’ll repay 9% of your income above this threshold. If you’ve been awarded a grant, however, you will have to repay that in addition to your loan repayments.
You’ll repay 9% of your income above this threshold. If you’ve been awarded a grant, however, you will have to repay that in addition to your loan repayments.
Income-driven repayment plans are intended for people who might otherwise struggle to make their student loan payments. If you’re in a position where your monthly payment is unaffordable and affects the quality of life or the financial wellbeing of your family, then an income-driven repayment plan is a good idea.
Full-time undergraduate students whose household income is £34,000 or less can apply for a maintenance grant. The amount of grant you can get depends on your household income – the lower it is, the higher the grant award in most cases.
Full-time undergraduate students whose household income is £34,000 or less can apply for a maintenance grant. The amount of grant you can get depends on your household income – the lower it is, the higher the grant award in most cases.
The maximum amount of grant you can get is £3,740.
Students who started University from 2012 onwards are entitled to a loan from Student Finance England (SFE), paid directly through SLC every year.
Students who started University from 2012 onwards are entitled to a loan from Student Finance England (SFE), paid directly through SLC every year. SFE is a not-for-profit organisation and is responsible for student finance in England. They are also responsible for administering maintenance grants and administering student loans.
If you are a student, make sure that you check your eligibility for loan and grants on the Student Finance England website. You can also contact them directly with any questions or concerns about applying for funding.