Student Finance | Aimhigher West Midlands

Every UK student is potentially eligible for two loans: a Tuition Fee Loan, which will cover the cost of your first undergraduate course, and a Maintenance Loan, which can support your living costs. Both of these loans are provided by Student Finance England.

Your maintenance loan is calculated based on where you plan to study (London or elsewhere in the UK) and the amount you are provided with depends on your household income. You may need a parent/guardian to help you work this out.

You may also be eligible for a scholarship or bursary, do your research into your chosen university to find out what financial support is available to you.

  • Individual university scholarships: Uni’s offer a range of scholarships and bursaries based on different criteria.
  • Disabled students allowance: If you have a disability, or physical/mental health condition, SFE may be able to give you extra funding to support you
  • Dependants grants: If you are a young carer, have any children, or anyone that you have to support financially, SFE may also be able to help.

Top Tip

Even if you are doubtful, if you think you may qualify for any type of bursary/grant, it’s always worth applying! Who doesn’t like free money?!

Student Finance

"I could never afford to go to university - it's too expensive"

How it works


Once you have applied to university using UCAS, you can then apply online here for your student finance.


You may have to give them evidence of your household income. There is a quick calculator here you can use now to get a rough estimate.


Once it is approved you have your place on your course, this triggers student finance to pay your tuition fee loan directly to the university for you. Any maintenance loan payments are then scheduled to be paid to you in three instalments – September, January and April.

Did you know? 80% of students in the UK won’t ever pay back their full student loan!

Once you finish university, the repayment part can sound scary but it may not be as bad as you think. It all depends on how much you are earning, and not on how much you have taken out and owe.

Currently, you pay nothing back until you are earning £26,575 as a yearly salary. You would pay back 9% if you earn anything over this amount. If your earnings fall below £26,575, the repayments stop. If you earn enough to start paying back your student loan, the amount will be deducted from your monthly salary automatically.

Sound complicated? Try using the tool below to get a rough idea of how much you would be paying back each month.


Currently, after 30 years, any outstanding debt is written off and will never be passed to anyone else.

For more in depth information on repaying your loans, go to:

Save the student

"I will owe the government loads of money and have loads if debt after I graduate."

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