Student Finance Number

Student Finance Number 0843 455 0057

Student Finance Number

If you are one of those students who is struggling financially but would still want to finish your education, there is hope: student finance. This is a government benefit that is meant to help pay tuition fees and living costs for those in colleges or universities. The amount you get varies depending on various factors such as the amount of income, whether or not there is a disability or children.

Before the July 2016 Government plans, the maximum annual student finance England for college and university fee was £9,000. About 33% of institutions charged the amount as a standard fee, while others charged the fee on specific courses.

The Government, however, has permitted universities to increase the amount to £9,250 annually from 2017. This is restricted to high-quality universities. The raise will affect continuing students in September 2017, based on your contract with the university. You can get a loan to pay the fees and repay it once you start earning above £21,000 annually.

Are You Looking For Financial Assistance?

Applying for student finance for England residents is simple, so is the European Economic Area (EEA) Migrant Worker Applications if you know which process to follow. If you are stuck, you can always use the student finance number 0843 455 0057 for guidance.

Tuition Loan.

It covers tuition expenses. The maximum you can receive is £9,000 per year or your actual fee. For private institutions, the maximum amount per year is £6,000. You will be required to get more on your own since the loan is insufficient. Student finance services for non-UK team differ, so you may need to call 0843 455 0057 for assistance when placing an application.

Maintenance Loan.

Student Finance Number

Student Finance Number

It covers your living and accommodation expenses and you can repay once you start earning above £21,000 a year. The amount you get is determined by your household earning. If it is lower than £25,001, the most you can get is £8,200 (£10,702 in London). The loan decreases with the more household income you earn. This loan substitutes previous grants.

You can make maintenance and student loan applications at the same time through the England Student Finance site. The government support is different for NHS-funded courses

Free Bursaries, Scholarships and Grants.

Students under special circumstances can get these extra amounts. You can get scholarships and bursaries through your university depending on your academic performance. Grants (£3,387 maximum) are no longer available. Repayable maintenance loans have substituted them.

Additional Benefits for

Low-Income Earners.
Specific students qualify for weekly income support of at least £57.90. Additionally, parents and guardians are eligible for the following free grants:

  • Childcare grant for childcare expenses at a weekly maximum of £155.24 for one child and £266.15 for two or more
  • Parents’ Education Allowance at an annual maximum of £1,573, based on your household earnings
  • Adult Dependants’ Funds suitable for those with dependent adults, maximum of £2,757
  • Juvenile Tax Credit for those with children below 20 or 16 in approved schools

For The Disabled.
Disabled Students’ Funds are granted to disabled persons as per the 2010 Equality Act, like intellectual and mental impairment, or terminal illness. The amount granted is determined by your disability.

For Specific Courses.
NHS bursaries and travel funds are granted to those taking healthcare, dentistry or medical courses. Teaching and social work students also receive bursaries.

College or University Support
Hardship funds are granted by institutions to struggling students. The amount depends on your institution. Consult your institution’s student’s services to learn more or call the student finance number 0843 455 0057. Institution scholarships and bursaries are also free for highly performing students and special circumstances.

Loan Repayment

The following applies to students within ‘Plan 2’, for England-based students who began after 1/12/2012. Find more details on Plan 2 and 1 here. You are likely to owe £50,025 (plus interest) in student loans, but most students will owe less. Repayment begins when your annual income is above £21,000. You will repay 9% of what you earn.

Therefore:

  • For less than £21,000, you pay nothing.
  • For £25,000, you pay a total of £360 per year
  • For £30,000, you pay £804 per year

If you still owe student fund in 30 years, it is written off, no matter what you repaid. A major study showed that about 60% of student loans will be written off. So, you will either be a high-income earner or have your loan written off.

Student Loan Interest.

It will be determined by the Retail Price rate at that moment. During your course till April the year you complete the course, the interest will be 3% plus RPI. If you start to pay on April 2016, it will depend on your earnings after graduation, between RPI for income below £21,001 and RPI + 3% for income above £40,999.

Don’t worry about the fees; just select the course you want. Cheaper courses are not always cheap. Keep in mind that your repayment plan is determined by your income. You can call the student finance number 0843 455 0057 to find out more about the loans application and repayment plans.

EU Students.
Student Finance England.
PO Box 210.
Darlington.
DL1 9HJ.

European Economic Area (EEA) Migrant Worker Applications.
Student Finance Services Non-UK Team.
Student Finance England.
PO Box 89.
Darlington.
DL1 9AZ.

Student Finance Number was last modified: May 19th, 2017 by contactnumbers