Going to university costs a lot of money and is a major financial commitment, and we understand that as a parent or guardian of a young adult, this will be one of your key concerns. The information provided here will explain what financial help is available and will help to put your mind at ease.
Tuition fee loan
No fees are payable upfront for any student.
For full-time undergraduate courses starting in September 2017, the University of Derby will charge students £9,250 per year in tuition fees*.
Eligible students can apply for a tuition fee loan that will cover the cost of their fees. This will only become repayable once they’ve graduated and are earning £21,000 per year or more. Find out about eligibility here.
The repayment level is worked out as 9% of earnings over £21,000 (approximately £30 per month for a graduate earning £25,000). If the graduate earns less than £21,000, they will not repay or if their earnings drop below £21,000, repayments will stop.
The repayment level is based on how much the graduate earns, not the size of the loan.
Maintenance loans are available to help cover the cost of living expenses. The amount your son or daughter is allocated will depend on your household income and must be paid back.
Student loans do not currently go onto credit files so will not affect your son or daughter’s ability to apply for a mortgage or personal loan in the future. When taking out large loans such as a mortgage, lending providers may ask about student loan repayments to assess their monthly outgoings, just as they would ask about any other outgoings they may have, such as a gym membership or mobile phone bill.
After 30 years, the full debt is wiped clean, regardless of how much has been re-paid. The debt is not passed onto relatives and belongs only to the student.
The most up-to-date information about student loans is available here.
A bursary is an amount of money which does not need to be paid back. The University of Derby Bursary provides targeted financial assistance with the costs of higher education to those who are eligible.
Eligible students will receive up to £1,000 per academic year (£900 as a cash award plus a £100 study resource card for Blackwell’s bookshop).
Bursaries are assessed on household income and are paid directly to your son or daughter in instalments. More information is available here.
Bursaries for EU students are also available, eligibility is also based on household income, however, as an EU student the application process for the bursary takes place at the same time as you apply for your tuition fees. More information is available here.
At the University of Derby, we offer scholarships to talented athletes through Team Derby. Athletes can receive up to £6,000 per year towards their tuition fees. Find out more.
We offer various scholarships to international students which may vary year by year. More information on available scholarships can be found here.
Other sources of funding may be available. Please contact our Student Money Advice and Rights Team (SMART) on +44 (0)1332 592000 or e-mail email@example.com for further details
International support services
We understand the importance of supporting our students all the way through their experience at the University of Derby. This is why we have a support centre with a dedicated team to offer their services such as visa advice, student welfare and faith issues
International Admissions Team
Visa & Immigration Support
Further support services contact details can be found here
Student finance: www.direct.gov.uk/studentfinance
The Student Loans Company: www.slc.co.uk
NHS bursaries: www.nhsbsa.nhs.uk/Students.aspx
British Council: www.britishcouncil.in/
*Please note these fees are regulated by the UK government and so may increase each year in line with government policy.