Parents - What student finance is available to your child? video transcript

When your child goes to university or college, they'll have two main costs - living costs and tuition fees. They can get support from Student Finance England to help with both.

A Maintenance Loan is available to help students with their living costs, such as accommodation, books and travel. Everyone who is eligible for student finance can get at least some Maintenance Loan, but they can apply for more that's based on your household income - that's the income of you and your partner, if you have one. How much they can get is based on where they live and study while at uni or college. We'll pay their Maintenance Loan to them in three instalments - once at the start of each term. The first instalment is usually in September shortly after they've started their course, the second in the New Year and their final instalment around April time.

They can also get a Tuition Fee Loan of up to £9,250 to help cover the cost of their tuition fees. How much they can get doesn't depend on your household income. Once they've registered at university, we'll pay their Tuition Fee Loan directly to their university or college so they don't have to worry about paying it themselves - we'll do it all for them.

Their Tuition Fee Loan and Maintenance Loan both have to be repaid, but not until they've left university or college and their income is over the repayment threshold.

(on screen "current repayment threshold £25,725 a year")

Parents - What student finance is available to your child? video

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