Undergraduate Fees and Funding

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Fees and Funding Explained

Going to university is a life-changing step but its 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 £26,575 a year, £2,214 a month, or £511 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 you finish your studies (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.

Further information about tuition fees, loans, repayment, and our range of scholarships and bursaries:

Home students may be eligible for a tuition fee loan that will be paid directly to the University. Home students may also be eligible for a maintenance loan to help with living costs.

Applications for tuition fee loans and 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.

Repayments for your student loan will not begin until you finish your studies and are earning at least £26,575 a year, £2,214 a month, or £511 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 you finish your studies (unless you are in arrears). 

*Fee and repayment terms may be subject to change in line with government policy.

New part-time students can apply for a non means-tested Tuition Fee Loan of up to £6,935 depending upon the actual tuition charge for their course. Students have to be studying at an intensity of at least 25% of a full-time equivalent course.

More information can be found on the GOV.UK website at https://www.gov.uk/student-finance/parttime-students.

Students should report all changes of income or family circumstances to the Student Loans Company (SLC). 

- If your course, income or family circumstances change after you apply for student finance, you need to let the Student Loans Company?know as it may affect what you’re entitled to.

- If you want to make any changes to your student finance application, login to your online account and select ‘change your application’.

- Any changes you make will mean SLC have to re-assess your application. 

- Most changes take at least 6 weeks to process, however some changes will be processed within 48 hours – check your online account for updates. 

- SLC will contact you by post once your changes have been approved.

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 can apply for a means-tested Maintenance Loan of up to £9,203 (in 2020/2021) per academic year to help with living costs which would be paid into your bank account at the start of each term.

New part-time students can also apply for a Maintenance Loan.

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
  • 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.

At the University of Lincoln we understand the importance of investing in your future and we want to ensure that we are able to provide as much financial assistance as possible. That is why we have a wide number of scholarships and bursaries available to help you study with us.

 

Further Information

The Student Funding team offers comprehensive information and advice for prospective students about all aspects of student finance and funding.

Student Funding team T: +44 (0)1522 837495 E: fundingadvice@lincoln.ac.uk 

General information on finance for UK students can be found at www.slc.co.uk/students

Student Admissions Terms and Conditions (PDF)