How to Apply for Student Financeby Laura Buckle
Getting everything in order before you start university can feel a little overwhelming at times. Particularly, applying for student finance.
Many future students find applying for their student loans intimidating, so below, we’ve put together our complete guide to the entire process - including the student finance deadline and what to do if you’ve missed it.
In this blog post, you will find:
- Student finance checklist: how to apply
- The student finance application deadline
- What to do if you miss the student finance deadline
- Student financial support with Newcastle University
Student finance checklist: how to apply
In order to apply for student finance, you will need:
- A computer, phone or tablet with internet connection
- Proof of identity in the form of your passport, birth or adoption certificate
Are you eligible?
Whether you are eligible or not for student finance will depend on a number of factors, including your university or college, your course, whether you’ve studied in higher education in the past, your age and your nationality or residency status.
You may be eligible for student finance if your course is in the UK and one of the following:
- A first degree, for example BA, BSc or BEd
- A Foundation Degree
- A Certificate of Higher Education
- A Diploma of Higher Education (DipHE)
- A Higher National Certificate (HNC)
- A Higher National Diploma (HND)
- An Initial Teacher Training course
- An integrated Master's degree
- A pre-registration postgraduate healthcare course
For the full list of eligibility factors, you can refer to the full eligibility guide on Gov.uk.
How much are you entitled to?
The maximum tuition fee and maintenance loan you're entitled to will vary depending on whether you're a:
- new full-time student
- continuing full-time student
- part-time student
The size of your loan will also depend on where you intend to study and your household income.
The Tuition Fees Loan allows you to borrow enough money to pay course fees in full. Your course fees can be up to £9,250 a year.
For 2022/23 entry, the maximum Maintenance Loan you can apply for is:
- £8,171 if you're living with your parents
- £9,706 if you're living away from home outside London
- £12,667 if you're living away from home and studying at a university in London
To get an idea of how much you're entitled to, use the student finance calculator.
Do you have the right evidence of identity you need to apply for student finance?
You will need proof of identify in the form of a valid, UK passport. However, you don't need to send the passport itself. Simply input the details on your passport when you apply.
If you don't have a UK passport, or if your passport has expired and you don't have time to order a new one, send your original birth or adoption certificate using the certificate forms available on the Gov.uk website.
You will also need to provide details of your household income when you apply for any loans or grants. Your household income covers:
- Your parents' income, if you're under 25 and live with or depend on them
- The combined income of one of your parents and their partner, if you're under 25 and live with or depend on them
- Your partner's income, if you're under 25 and live with them
- Income from any savings, investments, property etc.
Make your application
If you’re a full or part-time student living in England, apply for student finance online with Student Finance England.
You can do this by:
- Setting up an account online
- Logging into your account and completing an online application
- Including your household income, if required
- Sending proof of identity, if required
If you're unable to apply online, you can apply using forms. Alternatively, if you would like to apply online but need a little help, you can call Student Finance England who can talk you through the process.
The student finance application deadline
To make sure you get your money in time for the start of your course, you need to apply to Student Finance England by late May. Application deadlines for Scotland, Wales and Northern Ireland may differ.
What to do if you miss the student finance deadline
If you've missed the student finance deadline, you should still make your application as soon as possible. You will still receive financial support, as long as you're eligible. However, you may not receive the money in time for the start of term.
You're still able to apply until nine months after the start of the academic year, so don't panic if you're a little behind schedule. If you're quick, you may even still get your money on time.
Student financial support with Newcastle University
The financial independence that comes with studying at university can feel a little scary. But, whatever your questions or concerns, you can contact Student Services on (0)191 208 3333.
Alternatively, why not refer to our Undergraduate Fees and Funding hub? From information on tuition fees to student loans, scholarships and bursaries, you will find everything you need to know about financing your studies here.
Published By Laura Buckle on 02/03/2020 | Last Updated 21/09/2022