Funding your studies
Your son or daughter will not have to pay their university tuition fees upfront. The main costs they will incur are the everyday living costs: food, books and materials, going out/clubs and societies and local travel.
To ensure that higher education remains accessible to everyone, there is a range of financial support packages in place to assist with the costs involved in sending your son or daughter to university.
These pages will give you an indication of the financial assistance provided by the government, and what support Kent has to offer.
Tuition fee loan
It is important to note that you do not have to pay your tuition fees up front. If you live in England you can apply to Student Finance England (SFE) for financial support in the form of a tuition fee loan. The tuition fee loan covers the full cost of your tuition fees and is paid directly to the university. Students who normally live in Scotland, Wales or Northern Ireland will receive financial support from their relevant government body.
The Department for Education has announced that EU students applying for university places in the 2018/19 academic year will still have access to student funding support. The Student Loans Company (SLC) has clarified that EU nationals currently in receipt of loans and EU nationals intending to start in 2018 who have been assessed as eligible to receive loans will receive these loans for the duration of their programme. Further information is available on the SLC website.
If you want to study part-time
If your son or daughter chooses to study on a part-time basis, they will be able to apply for a tuition fee loan and they won’t have to pay for their course upfront*. They will not generally be eligible for help with living costs.
*as long as it is their first degree and they are studying at least 25% of a full time course
See Fees and Funding for more informationback to top
The government provides living cost (maintenance) loans to help UK students with living costs. EU nationals must have been resident in the UK for at least five years or be EEA migrant workers in order to apply for a maintenance loan. See more at GOV.UK
Living cost loans
All eligible students can take out a living cost loan (sometimes referred to as a maintenance loan) to help with costs such as food, accommodation and travel. The maximum loan amounts for 2018 are not yet available but, to give you an idea, the 2017 maximum amount for those who lived away from home and studied at a university outside of London was £8,430. Students who lived at home were able to apply for a loan of up to £7,097. You have to apply for the loan for each year of study.
Please note: students who qualify for benefits or who are aged 60 or over on the first day of the first academic year of their programme may qualify for different living cost loan amounts.
Visit GOV.UK for further information.
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Financial support from Kent
At Kent, we believe that all students who can benefit from our courses should have the opportunity to come to the University. We have committed £6million towards supporting new students and we will continue to support and encourage students who have a desire to learn.
Kent has a £4,500 financial support package for eligible students across three (or four where applicable) years of study:
- Year 1: £1,500 (cash payment)
- Year 2: £1,500 (cash payment)
- Year 3: £1,500 (cash payment)
There is no application process. If your son or daughter is eligible, they will automatically be considered for the award.
The Kent Scholarship for Academic Excellence, which rewards academic achievement, is worth £2,000 per year and is awarded to any applicant who has achieved three A levels at grade A (or specified equivalents). We have extended this scholarship to include those who achieve AAB at A level (or specified equivalents) where one of the subjects is either Mathematics or a Modern Foreign Language.
All scholarship funds and the financial support package do not have to be repaid.back to top
The tuition fee loan and living cost loan are added together and paid off as one. Your son or daughter become liable to repay in the April after they complete their course.
From 6 April 2018, if they are earning over £25,000 per year, they will repay 9% of their income that is above £25,000. So, if their salary was £29,000 per year, they would pay 9% of £4,000. This means they would repay £360 per year, or £30 per month. If their salary falls below £25,000, or if they are not working, their payments stop. If their loan is not paid off after 30 years, any amount remaining is written off.
Example repayment (from 6 April 2018)
|Earnings||Annual repayment||Monthly equivalent|
|£25,000 or less||£0.00||£0.00|
More information about repayment can be found on the Student Loans Company websiteback to top
The amount of interest charged depends on the Retail Price Index (RPI). While your son or daughter is studying and up to the point they are liable to repay, they will be charged the RPI plus 3%.
After they are liable to repay, and from 6 April 2018, they will be charged interest as follows:
|£25,000 or less||
Rate of inflation
|Between £25,000 and £45,000||
Rate of inflation plus up to 3% (dependent on salary)
|£45,000 or more||
Rate of inflation plus 3%
There is a wide variety of other support available for people wishing to attend university, ranging from NHS bursaries, Disabled Students’ Allowances, to teacher training bursaries. Childcare grants, an Adult Dependents’ grant and a Parents’ Learning Allowance are also available for eligible students.back to top