Finance

Main costs

  • Tuition fees – between £6,000 - £9,000 per year from 1 September 2012*
  • Living costs – approximately £8,000 (outside of London)

Income and support

Tuition fee loan

  • This covers the full cost of tuition fees.

Maintenance loan

  • Up to £8,200 will be available if you live away from home and study outside London.
  • Up to £10,702 will be available if you live away from home and study in London.

All full-time students are entitled to 47% of this, but the amount you get after that depends on your household income, if you're living at home and whether or not you are studying in London.

University bursaries (non-repayable)
For information about the NTU fees and finance package, visit the main NTU Managing your money webpages. There is also other financial support available, visit the Directgov website for further information.

Student loan repayments

  • Your student loan is repayable after graduation and only if you are earning £21,000 per year.
  • There's no pressure to pay back loans if you can't get a job.
  • You pay it back in small increments depending on your salary.
  • The repayments come out of your wages like tax and national insurance.
  • If you have not repaid your loan after 30 years it is written off.
  • Having a student loan does not affect your credit rating and is highly unlikely to affect your ability to get a mortgage.

*2012 fee changes
The Government reduced funding contributions for UK students in higher education. From 1 September 2012, universities must set their own fees, up to a maximum of £9,000 per year. However, no one has to pay for this cost up front, all students are entitled to a tuition fee loan to cover the cost of their fees.

You can download our Understanding Finance booklet PDF icon which details the living cost loans and grants amounts and provides an example of repayments per salary.

Applying for student finance

Take a look at our useful links below for websites with further information:

 

Student ambassador showing people around on Open day
Student talking with teacher
Student on media taster day standing infront of NTU information sign