There is a lot in the news about the cost of going to uni and it can be tough to get your head around it all. We want to give you the simple facts, so you can feel confident you’re making a sound investment.
Whilst there’s no denying it’s a lot of money but remember that you don’t have to pay anything up front and there are plenty of ways to help cover the cost. You will have heard of student loans, but did you know that many universities also offer other financial help, such as scholarships and bursaries? Some universities offer lower entry grades and access to bursaries dependant on the circumstances you faced during your education. Is it important to fully investigate what is available as it varies from institution to institution.
Maintenance loans are calculated on your family income. Use the student finance calculator to work out what you could be entitled to.
On the subject of loans, do you know that you only have to start paying it back once you’re earning over £21,000 and that if you stop earning, the repayments stop too?
When researching universities, it’s always worth asking whether they offer internships or placement schemes. Landing a paid internship could be a great way to boost your CV as well as earning a bit of cash.
Finally, lots of students get part-time jobs to fit around their studies whilst they’re at uni. There are often vacancies on campus, as well as in the local towns, so you’ll be able to bring in a bit of spending money whilst you study.
Check out this guide to get to grips with money matters.