Going to university is a life-changing step but it’s important to understand the costs involved and the funding options available before you start. With no fees to pay upfront for eligible UK undergraduates, a university education should be affordable for all. Our Advice Service is here to help you, offering comprehensive information and advice about all aspects of student finance and funding.
At the University of Lincoln, UK student tuition fees for 2021 undergraduate entry are £9,250 per year full-time or £77 per credit point for part-time study.* Most students cover the cost of full-time fees by applying for a Tuition Fee Loan. If you apply and meet the eligibility requirements, the Student Loans Company pay this loan directly to the University to cover your tuition fees.
Repayments for your student loan will not begin until you finish your studies and are earning at least £27,295 a year, £2,274 a month, or £524 a week. The amount you repay will depend on how much you earn, regardless of what you borrow. The current rate is nine per cent of income above the relevant threshold.
Whatever you borrow, any outstanding balance of the loan is written off by the Student Loans Company 30 years after the April you were first due to repay (unless you are in arrears).
The fees system and available funding differs for part-time and international students. More information on fees and funding for International students can be found within our International pages.
*Fee and repayment terms may be subject to change in line with government policy.
It is important to consider your living costs as you will need to cover day-to-day expenses such as food and accommodation while studying at university. Eligible students (including new part-time) can apply for a means-tested Maintenance Loan of up to £9,488 per academic year (2021/22) to help with living costs, which would be paid into your bank account at the start of each term.
The exact amount students can borrow depends on your family’s income, where you live, what year of study you’re in, the course you will be studying, and if you are studying full-time or part-time.
Applications for maintenance loans go through the Student Loans Company. You should apply as soon as possible to ensure that your funding is in place for your arrival.
For further information on how to apply for support, please visit the GOV.UK website.
The flexibility of part-time study allows you to find a course that fits around your lifestyle, work, and other commitments. The University of Lincoln offers a range of degree courses that can be studied on a part-time basis.
As a new part-time student at the University of Lincoln, you may be eligible to receive a tuition fee loan of up to £6,935 to cover the cost of your tuition fees. You may also be eligible to receive a maintenance loan to contribute towards your living costs. How much maintenance loan you will receive depends on your household income, course intensity, and where you live while studying.*
If you are eligible for the loan, your tuition fees will be paid directly to the University and the maintenance loan will be paid into your nominated bank account. You will not begin repaying the loan until you are earning more than £27,295. You will not normally be eligible for a loan if you already hold a qualification equal to or higher than the one you are studying for. However, if you plan on commencing a part-time honours degree-level course (minimum 25% intensity) in certain engineering or computer science courses, you may be eligible.
More information can be found on the GOV.UK website at https://www.gov.uk/student-finance/parttime-students.
*In order to be eligible for a loan, you must be studying at an intensity of at least 25% of an equivalent full-time course for the appropriate academic year, and for the duration of the entire course. Other criteria apply regarding residency and previous study.
The University also produces infographics to help students, staff and other stakeholders better understand the University's income, expenditure, staff numbers and investments.
This information can also be found on the University Finance department's microsite: http://finance.blogs.lincoln.ac.uk/financial-information/
The Student Funding team offers comprehensive information and advice for prospective students about all aspects of student finance and funding.
General information on finance for UK students can be found at www.slc.co.uk/students