Student Finance England
The Student Loans Company will fund you for the length of your course, plus one year, minus any years previously funded in higher education. This works backwards from your final year.
So if you want to do a 3 year course but have already had 2 year's funding; they will only fund you for the 3rd and 2nd year of your course.
If you want to do a 3 year course but have already had a year's funding; then they will fund you for years' 3, 2 and 1, but that’s it. If you have to do a reassessment year or you choose to repeat a year (even if in a different subject) you will need to fund it yourself.
Therefore most undergraduates on 3 year courses will be funded for the whole course plus an extra year if you need to repeat/do reassessment in a year for any reason. However if you are granted a further repeat / reassessment of a year you would need to fund that yourself.
If a student is doing reassessment for the year in just a few modules. They will be charged a pro rata tuition fee covered by SFE (if they have the 'gift year' of funding still available). So if the student is just doing reassessment in one 20 credit module, they only get charged 1/6th of a tuition fee but, as long as the course is a FT course, they will still get a maintenance loan. However, if the student is only doing reassessment in one term/semester and is not attending in the other(s), they will not be eligible for the full maintenance loan for the whole year and will only usually get it in the term/semester in which they are studying. There is no automatic entitlement to living costs support for terms where they are not technically studying. Although SFE, where it considers it appropriate to do so, may exercise its "discretion in the student’s favour". However, this will count as a year of funding either way.
Your payment schedule: You should receive a letter from the Student Loans Company giving details of when you will be paid, and when your tuition fee loan will go to the university. The dates on this letter will be more accurate than general payment dates, but they will still only apply if you remember to register when you arrive at university. You can see a copy of your payment schedule letter by logging in to your student finance account. Your payment schedule should arrive not long after you submit your application. If the start of term is getting near and you haven't received it, contact the Student Loans Company.
If you are worried about money you can gain advice from the Student Support team by contacting:
Money Matters is a useful magazine from the National Association of Student Money Advisers! A free digital copy gets released each academic term, with so many useful tips, tricks and ways in which to save money. The copy of the magazine above (spring/summer 2023) has a great section on how to keep your energy bills down.
Click on the editions below:
CCCU and the Students' Union have created a Cost of Living Hub designed to support all students during the cost of living crisis. It has many useful links, resources and sources of information to enable students to seek help and save money.
Here are some other useful links:
Student Bank Accounts
Managing Your Money
Money Saving Tips
Parental Contribution Calculator
Save The Student have developed a tool to help highlight the gap between the full loan to which a student is entitled and the amount you actually get based on your parents income - it is available for free at http://www.savethestudent.org/parentcontribution
If you are having trouble paying your University Debt, either for Accommodation or Tuition, contact firstname.lastname@example.org
Applying For Further Funds
“As a Students’ Union Advice Centre we offer advice in good faith, based on knowledge, experience and the best information available to us. Students who seek our help must take responsibility for their own decisions based on the advice we give.”