Each undergraduate student has to pay yearly tuition fees in the amount of up to 9 250 GBP in order to attend university. Postgraduate tuition fees vary and start at some 4 000 GBP per year – although the upper limit is not given, the tuition fees are usually around 10 000 GBP per one academic year.
However, there is no need to get put off by the high tuition fees at UK universities – get your studies paid for by the British government!
Each EU citizen is eligible for a tuition fee loan from the British government to cover his or her tuition fees in full in case of undergraduate studies, and a loan in the amount of up to 10 280 GBP in case of postgraduate studies regardless the amount of tuition fees.
Please see the British government website for more information – www.gov.uk/student-finance.
Undergraduate studies
How does student finance work?
The undergraduate loan covers tuition fees in full, that is 9 250 GBP a year. You can decide for yourself how much you would like to borrow.
You do not have to worry about repaying the loan throughout the duration of your studies as your first instalment is always due the following April after graduation, and that is only if your gross monthly salary earnings are above a given limit. The limit is specified for each world country individually and it is reviewed by the Student Loan Company annually. Once earning over the limit, monthly instalments are equal to 9% of the income above the limit in case of undergraduate loans.
You are required to provide the Student Loan Company with an annual proof of income for the period of 30 years following your graduation in order for the SLC to determine whether your salary satisfies the country’s specific limit that makes you liable to start paying off the loan. However, should your salary never reach the given limit, your liability to pay off the loan never arises.
Postgraduate studies
How does student finance work?
The postgraduate loan is offered in the amount of up to 10 906 GBP regardless the tuition fees. You can decide for yourself how much you would like to borrow and, in case of tuition fees being less than 10 000 GBP, you can still borrow the whole amount and use the rest of the money to cover accommodation and other living costs.
You do not have to worry about repaying the loan throughout the duration of your studies as your first instalment is always due the following April after graduation, and that is only if your gross monthly salary earnings are above a given limit. The limit is specified for each world country individually and it is reviewed by the Student Loan Company annually. Once earning over the limit, monthly instalments are equal to 6% of the income above the limit in case of postgraduate loans.
You are required to provide the Student Loan Company with an annual proof of income for the period of 30 years following your graduation in order for SLC to determine whether your salary satisfies the country’s specific limit that makes you liable to start paying off the loan. However, should your salary never reach the given limit, your liability to pay off the loan never arises.
