First degree loan
Who Can Apply ?
How Much Can I get ?
Students with an adult who depends on them financially can apply for an Adult Dependants’ Grant of up to £3,007
You can apply for this grant on top of any other student finance you may get and you don’t have to pay it back.
Parents' Learning Allowance
Full-time students with children could get up to £1,716 a year.
Parent learning allowance does not have to be paid back .It is paid on top of your other student finance you may get and it won’t affect your tax credits.
Students with children can apply for a Childcare Grant of:
Up to £169.31 a week for 1 child
Up to £290.27 a week for 2 or more children
The grant helps with childcare costs for children under 15, or under 17 if they have special educational needs.
Any money you get is paid on top of your student finance and you don’t have to pay it back.
Repaying Your Student loan
When do I have to repay?
The important thing to remember is that the amount you’ll repay will be based on how much you earn, not how much you borrow.
Once you leave your course, you’ll only repay when your income is above the repayment threshold. The current UK threshold is £27,295 a year, £2,274 a month, or £524 a week.
For example, if you earn £2,310 a month before tax, you’ll repay £3 a month. This is because £2,310 is £36 above the monthly threshold of £2,274, and 9% of £36 is £3 (rounded down to the nearest pound).
Look at the table for some more examples of how much you could repay.
Example Repayment Amounts
|Annual income before tax||Monthly salary||Monthly repayment|
|Up to £27,295||£2,274||£0|
What if I don’t finish my course?
If you don’t finish your course, you’ll still have to repay what you borrowed if you’re earning more than £25,725. You are advised to visit student finance England website for complete information and the requirements.