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Student Finance

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STUDENT FINANCE FREQUENTLY ASKED QUESTIONS

Q: What is Student Finance England (SFE)?

A: Student Finance England (SFE) is a governmental body that provides financial support to eligible students in England to assist with the costs of higher education, including tuition fees and living expenses.

Q: What types of financial support does SFE offer?

A: SFE offers several types of financial support, including loans for tuition fees, loans for living costs, grants for specific circumstances (such as disability or childcare), and additional support for students with dependents or disabilities.

Q: Who is eligible to apply for student finance through SFE?

A: Eligibility criteria vary depending on factors such as residency status, age, household income etc. Generally, students must be UK residents, enrolled in eligible courses at approved institutions, and meet certain residency and nationality requirements.

Q: How is student finance assessed and calculated?
  •  A: Student finance entitlement is determined based on various factors, including household income, course intensity, and whether the student is studying away from home. Financial support packages are tailored to individual circumstances, with a combination of grants and loans available to eligible students.
Q: How will this loan be repaid?
  • A: You will only repay when your income is over the repayment threshold.If you started your course between 1 September 2012 – 1 July 2023 the repayment threshold is £27,295 a year. You will be due to start making repayments the April after you finish or leave the course. You will repay 9% of your income over the repayment threshold, for 30 years.

    If you started your course on or after 1 August 2023, the repayment threshold is currently £25,000 a year. You will be due to start making repayments the April after you finish or leave the course. You will repay 9% of your income over the threshold, for 40 years.

    If you do not earn over the threshold, you will not repay.

Q: What happens if I leave the course before term?
  • A: You will be due to start making repayments the April after you leave the course. In this case, it is advisable to call Student Finance to fix a repayment plan, based on your income.

Contact Details

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218-220 Whitechapel Road London E1 1BJ

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