UK degree costs vary greatly depending on the course, university, and country you’re studying in, as well as the country you’re from. Though, if you’re a UK national studying in the UK, tuition fees will almost always be expensive – unless you’re Scottish and studying in Scotland. In this case, you may be eligible to attend for free. For everyone else in the UK, however, fees can be anywhere up to £9,250 per year.
While cost should obviously be taken into consideration, if you’re really keen to study for a degree, then try not to let the expensive price tag get you down – as you might be eligible for financial help. And remember what Benjamin Franklin said: “An investment in education always pays the highest returns.”
Depending on your circumstances, you might be entitled to access some assistance from the government to help you finance your studies. For example, if you’re studying for your first degree, then you can apply for a loan to cover your tuition through the Student Loans Company (SLC).
If you’re worried about how you’re going to support yourself throughout your studies, then you can also apply for a government-funded maintenance loan, which is intended to assist you with living costs such as food and accommodation while you’re studying. The amount you’re eligible to receive will depend on your household income and where you’re studying.
If you’re over the age of 60 at the time your course starts then, depending on your circumstances, you may not be eligible for a maintenance loan. And if you are, you’ll only eligible for a reduced amount. This is something that we, quite frankly, do not understand.
As well as loans, you may also be able to take advantage of various government grants and bursaries that you usually don’t have to pay back. To find out more about loans, grants, and bursaries, head on over to the education section of the government’s website. Or check out our guide to financing your education later in life.
And finally, it’s also worth checking university websites to see whether or not they offer any scholarships or bursaries that you might be eligible for.