Paying back student Loan Calculator Sheffield

April 12, 2017
The student loan made paying

There are different sorts of funding available. Some will depend on your financial circumstances while others might be based on how well you do at school or college.

Loans

A lot of students and their parents are worried about student loans. The thought of borrowing so much money might make you feel queasy but what you need to remember is:

  • You don’t have to pay anything upfront

Tuition fee loan

The government will lend all first-time students the full cost for tuition fees. This is paid directly to the university or college and won't have to be paid back until your course is over and you earn over £21, 000 a year.

Living cost loan

Larger maintenance loans are available for those starting from 2016 onwards. These are to help pay for things like rent, bills and food. All students are eligible for £3, 039 and many will get more, depending on household income. Use our calculator above to find out how much you might be eligible for.

Source: extra.shu.ac.uk
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