Recommended ...
- Use myfinances.co.uk to compare different loans in the UK. Apply online now to find the cheapest loan deals that can save you money.
Student loan
Student loans are a major part of the government's financial support for UK students starting higher education.
In 2006/07 the maximum loan available is £4,405 for students living away from home and £3,415 for students living at home, although students in London get an additional allowance.
Student loans are designed to help students with maintenance costs while they are studying at an eligible higher education institute.
Interest charged on these loans is linked to inflation, and is lower than can be found elsewhere in the marketplace.
Student loans are repaid when the graduate starts earning more than £15,000 a year, with a fixed percentage of money earned above this level automatically deducted from wages and going towards paying off the debt built up while at university.
Fill in one simple form and we will put you in touch with an investments advisor who will compare investment opportunities and provide you with a free no obligation investment quote.
Related news
 Students rely on a number of sources of income to fund their studies but few avoid getting into debt, new research finds.More... |
 Students choosing to go to university in Scotland can save £1,951 a year, meaning they will graduate with debts of less than £10,000 on average.More... |