FROM TUITION FEES TO LOANS AND SUPPORT, HERE’S EVERYTHING YOU NEED TO KNOW.
Higher education is a big investment, but the benefits of your degree-level study will pay dividends throughout your career. From needed a big bank balance to continue education to having to pay a lot up-front, there’s many myths surrounding the fees and finance of higher education so here’s all the information you need.
WHAT DO I NEED TO PAY FOR?
If you decide to study away from home, you will pay for your tuition fees, which can be supported by a student loan, and you’ll have outgoings for accommodation and living costs, should you choose to move away from home to study.
HOW MUCH ARE TUITION FEES? (UK STUDENTS)
The below sets out the annual tuition fees for study at UA92 for UK students studying in 2022/23.*
|Course||Annual Tuition Fee|
|Full Time Degree (three years)||£9,250|
|Accelerated Degree (two years)||£11,100|
|Part-Time Degree (four years) / 90 Credits per year||£6,395|
Most students choose to take out a student loan to cover this which is paid directly to the institution.
*UA92 will review tuition fees each year. For UK students, if Parliament permits an increase in tuition fees, UA92 along with other HEIs in England may increase fees for each subsequent year of study in line with any such changes.
HOW MUCH ARE TUITION FEES? (INTERNATIONAL STUDENTS)
International students will need to pay a minimum of 50% before the course begins. *
|Course||Annual Tuition Fee (From Sept 22)|
|Full Time Degree (three years)||£14,466|
|Accelerated Degree (two years)||£21,699|
*UA92 fees for international students increase by 3% for new students only.
For international students, UA92 will fix the tuition fee for the duration of your course when studied continuously.
HOW DO I APPLY FOR A STUDENT LOAN?
To help cover the costs of your tuition fees, you can apply for a student loan from Student Finance England: www.gov.uk/student-finance. You do not need to wait for our offer to apply for Student Finance, so you can get a head start.
International students are not eligible to apply for a loan through Student Finance England.
WHEN DO I PAY MY STUDENT LOAN BACK?
You won’t pay your student loan back straight away. Once you are earning over £27,295 per year, you will pay 9%
Only once you start earning over £27,295 per year will you begin paying the loan back, and even then, it’s only 9% of anything earnt over this threshold.
If you earn £30,000, you’ll pay back approximately 68p a day which is roughly the same as a bag of crisps! If you’re out of work or your income drops below the threshold, then your repayments stop until you reach the threshold again.
IS THERE A LOAN FOR ACCOMMODATION/LIVING COSTS?
Eligible UK students can apply for a Maintenance Loan which is provided by Student Finance England. The loan, of up to £9,706 a year helps with the cost of living and is combined with your student loan into one sum and repaid in the same way.
IS ADVICE AND SUPPORT AVAILABLE TO ME DURING MY TIME AT UA92?
Our team on campus are more than happy to help you with budgeting and financial advice to ensure that you can manage your money well whilst studying with us.
As part of your Character and Personal Development, you will also learn about financial planning to manage your finances both through study and your working life.