Student
Borrowing - Hardship Loans
About
Hardship Loans and the Hardship Fund
If
you’re an eligible student doing a full-time higher education
course, you can take out a Student Loan for Tuition Fees to cover
your tuition fees and a Student Loan for Maintenance to help with
your accommodation and other living costs.
Student
Loans from the government: how do they work?
Student Loans are there to help with the costs of higher education.
They’re issued by Student Finance Direct, a service managed
by the Student Loans Company in partnership with local authorities
and the government.
The
interest on Student Loans is linked to the rate of inflation, so
in real terms what you repay will be broadly the same as what you
borrowed.
There
are two types of loan available - you can take out either or both:
- a
Student Loan to cover your tuition fees - called the ‘Student
Loan for Tuition Fees’
- a
Student Loan to help with your accommodation and other living
costs - called the ‘Student Loan for Maintenance’
OCIS
provide general financial information, we urge you to consult an
Independent
Financial Adviser ( IFA )
before making any important decisions about your finances. |
