Finance
A UK student leaves higher education with an average debt of £35,000-£45,000. Student loans are based on each individual’s financial circumstances. Although most students will accumulate debt during the course of their degree, we advise that all students follow a budget to help keep track of spending.
Please visit our scholarship and bursaries page to see more information on our scholarship or bursary schemes. Each application is individually assessed against the selection criteria for a scholarship or bursary and will be decided on a case by case basis.
Please email scholarships@ucfb.com for an application form.
Applicants who apply late for Student Finance are not guaranteed to receive funding in time for their course. Applicants will still receive the same level of funding but this may be received after registration.
It can take 8-10 weeks for an application form to be assessed, and applicants should apply for funding as early as possible to avoid any delays in receiving funding. Application forms are available from February/March but applicants have nine months from September 1st at the start of the new academic year to submit an application for funding.
Student Finance need as much detail as possible in order to assist with the means testing for each household, which ensures that each student receives a fair level of finance.
If the partner is part of the household then their income will be included in the financial assessment, for the previous year.
Student Finance will always assess a student’s circumstances based on the total gross household income from the previous tax year.
Student Finance is a government department who review applications and award Tuition Fee Loans, Maintenance Loans and Maintenance Grants. Most students rely on Tuition Fee Loans and Maintenance Loans to fund their study through the duration of their degree.
To apply for a loan please please click here.
Application forms are available from February/March, and we advise that apply as early as possible. Do not wait for an offer or until you get your exam results in August.
Yes, if there is a drop of 15% in the household income you can ask for a current year income assessment. For more information please click here to visit the relevant section on the .gov.uk website.
Each individual is assessed based on their own household circumstances.
For further information you can contact the UCFB Student Finance team via email: fees@ucfb.com
Depending on which campus you are based at, we would recommend that you budget for approximately £50.00 per week after rent and any bills.
Loans will be deducted automatically from your salary once you are working and earning over £25,725.00.
