Thomas Becket Catholic School

Thomas Becket Catholic School

Student Finance (funded by the government) helps students from any financial background to go to university.

The Student Finance package includes a loan for course fees, plus a means-tested Maintenance Loan or Grant to cover living costs.

Universities can charge up to £9,250 a year in tuition fees, but you'll pay nothing upfront if you're eligible for Student Finance in the UK (most students are).

You or your parents may be expected to contribute to maintenance support (i.e. living costs).

Student Loan repayments work more like a graduate tax, which is far easier to manage than normal loan repayments. You only make Student Loan repayments once you've left your course AND are earning enough. Repayments vary with your salary and stop altogether if your income drops too low.

Key Changes for 2023

  • The period that loans are written off is extending from 30 years to 40 years.
  • The first repayment salary threshold is dropping from £27,295 to £25,000
  • The interest rate will be reduced

This will only be added at the rate of inflation, meaning that students will only repay what they have borrowed in real terms. 

Please use the link below for more information on student loans:  

For a guide on how to complete your application, use the link below:


Student finance: getting it right first time – Find all our latest guidance for students, parents and partners on student finance and how to get it right first time in the academic year 2021 to 2022.