Most full-time and part-time students applying for a university course for September 2018 will not have to pay their tuition fees in advance. If you are eligible your fees are automatically paid by the Student Loans Company and then transferred onto a student loan account in your name.
Additional financial support may be available for some full-time courses, subject to specific conditions.
Student Finance England have produced a step-by-step guide to help you through your student finance journey. Please click here for details.
For those Bury College students who enrol onto a Bury College University Centre course directly from a Level 3 full-time Bury Course can benefit from a £500 bursary which will be paid each academic year of your course.
In order for you to receive the £500 bursary you must meet the following criteria:
As a full-time student you will only be asked to pay back your fees (plus interest) once you graduate and start earning over £21,000 a year. Part-time students who earn over £21,000 a year will start paying back their loans (plus interest) after four years even if their course hasn't finished.
You will be asked to pay back 9% of your income over the threshold of £21,000 a year. The Student Loans Company offers affordable repayment plans. For example, if you finish your course and are earning £25,000 you will pay 9% of £4,000 which is £360. This means you pay back £30 per month.