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oans, grants, scholarships, bursaries, repayments, budgeting… The world of student finance can seem overwhelming but it’s one of the most important aspects of student life, so it’s vital that you find out


what's available and how it can benefit you. And when you’ve secured the necessary finance, you’ll need to know how best to manage it and what your commitments are, so that you can actually enjoy spending money rather than worrying about how to make ends meet. Read on to find out how to make the most of student finance.


Learn all about loans There are many options to help fund your degree and your day-to-day


living, with student loans the most common way to fund UK university education. There are two main types of student loans available to all students, which are processed by the Student Loans Company.


Tuition Fee Loan: This is paid directly to your university by the government, with up to £9,535 available per year. It covers the cost of tuition fees, which means you don't have to worry about paying this amount upfront. The maximum amount you can borrow matches the cost of the fees per year, ensuring that your educational expenses are covered.


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Loans can reduce the burden, but always check the application criteria and deadlines to make the most of these opportunities


Maintenance Loan: This goes towards living costs such as food, travel, rent and course materials. The amount you can receive depends on where you live and is means tested, so you have to give details of household income. To give you an idea, for the 2024 to 2025 academic year, the maximum loan that may be available was £12,019 (£15,008 if studying in London) if you are living away from home. You start repaying these loans after you finish your


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