Contributions and loans
Student and Means-Tested Contributions to Tuition Fees
Where your contributors’ total gross income exceeds £100,000 per annum, an additional contribution is required. This means-tested contribution is set at 35% of that part of gross income above £100,000 up to a maximum contribution of £6,750 per student (see examples). This additional contribution is payable by the student and/or contributors and is not covered by the loan scheme operated by the department.
|
Level |
Contribution type |
Annual contribution |
|---|---|---|
|
Undergraduate and postgraduate |
Universal |
£2,500 |
|
Minimum means-tested |
£0 |
|
|
Maximum means-tested |
£6,750 |
Loans to cover student contribution
The department may give you a loan to cover the whole or part of your contribution towards a fees grant. If so, you will be liable to make annual repayments with effect from 1 July of the year following that in which you cease to study for a course supported under the Regulations, providing your income exceeds £21,000.
Interest is payable annually on the amount outstanding, at the Bank of England Base Rate plus 2% (as of 1 July each year), calculated by reference to the amount owing on 1 July each year following the end of your course.
The amount you must pay by way of annual repayment is 9% of the amount (if any) by which your earnings for the year exceed £21,000 until the loan plus any interest due has been fully paid.
