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
You only start repaying your loan once you’ve graduated and you’re earning more than £25,725 a year. After that, you’ll pay back 9% of anything you earn over £25,725. So if you’re earning £31,000 an year, you repay £39.00 each month.
If your earnings drop below £25,725, your repayments will stop. if you live in England and took out a student loan on or after 1 September 2012, it will be cancelled 30 years after you become eligible to repay
Example Repayment Amounts
|Annual income before tax||Monthly salary||Monthly repayment|
|Up to £25,725||£2,143||£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.