What if I don't want to take out loans?
You might not want to take out loans, either for religious or personal reasons. We have information about student loans and Shariah law here.
If you don't plan to take out loans, you need to make sure you have a realistic alternative source of funding to pay for your tuition fees and living costs. Check the cost of living here to help you plan your budget.
You can choose to take just some of the elements of Student Finance. So, if you are eligible, you could just take the Tuition Fee Loan or the Maintenance Loan or the amount of either loan you require if you do not require the full amount.
However, if you do not take out your maximum Maintenance Loan entitlement, you will not be eligible to apply for most types of hardship funding – these are explained in the sections later in this advice guide, such as Money from Queen Mary, Earnings, Loans, Trusts and Charities. See the right hand menu.
If you do not want to take out Loans but would still like to apply for the Queen Mary University of London Bursary you will need to make a paper application to Student Finance England (using the PN1/PRI application forms) and include a cover letter explaining that you don’t want any Maintenance Loan but need to be income assessed for the institutional bursary. You should then be means tested in the normal way and will receive paperwork stating that you will be receiving ‘0’ Tuition Fee/Maintenance Loan. Your household income details will then be passed to the Queen Mary Bursaries office.
If you have already been assessed for non-means tested Student Finance you will need to complete a non-means tested to means tested form and your parent(s)/partner will need to complete a PFF2 form and send these to SFE with a cover letter explaining that you don’t want any additional Maintenance Loan but need to income assessed for the institutional bursary. You should then be means tested in the normal way. Your household income details will then be passed to the Queen Mary Bursaries office.
You must not cancel your Student Finance application as this will lead to your Queen Mary Bursary entitlement being withdrawn.
You must enter your bank details on your Student Finance application, as the bursary is paid via the Student Loan Company’s payment portal. Any student with incomplete bank details will not receive payment of the Queen Mary Bursary and the only way for you to rectify this is to contact Student Finance England and provide your bank details.
The final date to be assessed for a Queen Mary bursary for the 2019/20 academic year is 31 July 2020and it is your responsibility to ensure that the Queen Mary Bursaries Office receive all the relevant information from Student Finance England by this date. This means that you must apply to be income assessed by SFE before their deadline of 31 May 2020.
If you are entitled to claim income assessed benefits and you choose not to take out a Maintenance Loan, your benefits will still be reduced as if you had taken a Maintenance Loan.
For specific guidance on student loans and Shariah law, see the Advice and Counselling Service website.
Law, regulations and policies can change quickly. The information on our website is given in good faith and has been carefully checked but QMUL cannot accept responsibility for any errors or omissions. QMUL is not responsible for the content or reliability of the linked websites which are provided for further information.