Watch our short animation to find out what Student Finance is, and when and how to apply.
This web page contains a summary of the 2017-18 undergraduate funding arrangements for students who started their course from 1 August 2016 onwards.
For more detailed information on undergraduate funding, please read our advice guide 'Undergraduate Funding: 2016 onwards starters (Home and EU)'.
Student Finance England have produced a series of videos and guides on all aspects of Student Finance which you can download here.
If you are studying Medicine or Dentistry, click here instead.
If you started your course before 1 August 2016 click here instead.
If you are looking for information about the 2016-17 undergraduate funding arrangements please contact a Welfare Adviser.
This information is for people who normally live in England. If you are from Northern Ireland, Scotland or Wales, you should check with your home government’s department of education what your funding arrangements will be.
On this page:
- Tuition fees
- Living costs from Student Finance
- QMUL Bursaries
- QMUL Unite Foundation Scholarship
- £3000 annual Excellence Scholarships
- Queen Mary and Westfield Alumni Student Bursary
- Aldgate and Allhallows Foundation Scholarship
- Asylum seekers, children of asylum seekers and those holding Discretionary Leave to Remain in the UK
- Additional sources of funding
- Eligibility for Student Finance
- Applying for Student Finance
- Repaying loans
- Interest rates
- Further information
For students starting courses from 1 August 2017 QMUL will charge a tuition fee of £9,250 in 2017-18.
If you started your course between 1 August 2012 and 1 August 2017, QMUL will charge a tution fee of £9,000 in 2017-18.
Student Finance is the system of financial support for undergraduate students, provided by the UK government. Eligible students will be able to borrow a Tuition Fee Loan to pay their tuition fees direct to the university. The Tuition Fee Loan is not income assessed. Alternatively, you can pay the tuition fee yourself or you could take a partial Tuition Fee Loan and pay part of the fees yourself.
See also our information about repaying loans.
The government Student Finance package includes two main elements to help you pay for living costs:
The amount of Maintenance Loan you can receive depends on when you started your course, whether you live independently or with your parent(s), and what year of the course you are in (the loan amount is reduced in the final academic year).
For students starting a course on or after 1 August 2016, the maximum Maintenance Loan in 2017-18 is £11,002, if you live away from home and study in London, or £7,097 if you live at home.
Part of the Maintenance Loan is assessed against your household income, but there is a minimum amount that you can receive which is not income assessed £5,479, if you live away from home and study in London, or £3,124 if you live at home
Use the Student Finance Calculator to estimate how much Maintenance Loan you are eligible for.
If you have an underlying eligibility to claim welfare benefits despite being a full time student, for example you are a lone parent or if you have a disability or ongoing health condition, you may be eligible for a higher amount of Maintenance Loan. The maximum Maintenance Loan for students with an underlying eligibility to claim welfare benefits in 2017-18 is £11,998, if you live away from home and study in London, or £8,372 if you live at home. Part of the loan for living costs is paid as a 'special support' loan for books, childcare, travel and equipment. This 'special support' loan element (up to £3,566 in 2017-18) is not taken into account as income by the Department for Work and Pensions (DWP) when calculating your means-tested benefits.
The Maintenance Loan is paid directly into your bank account in three equal instalments, at the start of each semester (September, January and April).
See also our information about repaying loans.
These are additional grants for students with certain circumstances. Apart from Disabled Students Allowances, they are all income assessed. You do not need to repay these grants.
QMUL has its own package of bursaries, which you do not need to repay. For students starting in 2017, the Bursary package in 2017-18 is:
- QMUL Bursaries of £1,571 each year for students whose household income is less than £25,000 (and who are eligible for income assessed Student Finance)
- QMUL Bursaries of £1,256 each year for students with household income between £25,001 and £42,600 (and who are eligible for income assessed Student Finance)
To be assessed for a QMUL Bursary, you just need to have had an income assessment as part of your Student Finance application. Unless you or the person on whose income your application is assessed have indicated otherwise, the household income information will be passed to the QMUL Bursaries, Grants and Scholarships Office (BGS) by Student Finance England. BGS will then email you, usually in semester one, if you are eligible for a Bursary.
If you do not want to apply for Student Finance because you don't want to take out loans, or if you are not eligible for Student Finance loans because you have already studied an undergraduate programme, you still need to apply to SFE in order to be income assessed for a QMUL Bursary. Contact a Welfare Adviser in the Advice and Counselling Service for advice about how to do this.
QMUL has five Unite Foundation Scholarships for the 2017-18 academic year. These will cover the cost of accommodation at Rahere Court. Priority will be given to students who have previously been in Local Authority care, or who are living in a Foyer or similar residential provision for young homeless adults. Accommodation will be paid for 52 weeks each year.
To be eligible to apply you should:
- Have applied to start your first full-time undergraduate degree at QMUL.
- Intend to stay in your free allocated accommodation for the duration of your degree.
- Have applied for Student Finance and have an assessed household income of £25,000 per annum or less.
- Have given Student Finance England ‘consent to share’ your financial information with QMUL.
Application for the 2017/18 session will open in February 2017
The full eligibility criteria, application form, and more details are available here.
If you would like any help in preparing your Unite Scholarship application, please contact a Welfare Adviser.
There is no need to apply separately for the Excellence Scholarships. Your application through UCAS automatically enters you into consideration for an award and recipients are notified by email of their award in early September 2017.
Science and Engineering Excellence Scholarships
These are available for students enrolling in the 2017-18 academic year on to certain programmes in Schools within the Faculty of Science and Engineering. To check the eligibility criteria, and find out more information, click here.
Excellence Scholarships are worth £3,000 a year for each year of study (subject to academic progression criteria), and are paid directly to the student – a total of up to £9,000 over the programme (or up to £12,000 for MEng/MSci students).
Economics and Finance Excellence Scholarships
These are available for students enrolling in the 2017-8 academic year in the School of Economics and Finance.
There are fifteen Excellence Scholarships offered, each worth £3,000 a year, and these are paid directly to the student.
To check the eligibility criteria, and find out more information, click here.
There are six bursaries each worth £1,250 per year for three academic years. To check the eligibility criteria click here.
There are ten (subject to confirmation) scholarships each worth £1,250 a year for three academic years. To check the eligibility criteria click here.
Asylum Seekers, Children of Asylum Seekers and those holding Discretionary Leave to Remain in the UK
QMUL offers a tuition fee concession and additional financial support to those seeking asylum. These awards are for applicants applying for undergraduate programmes only, excluding programmes in the School of Medicine and Dentistry.
There are two types of award:
1) Asylum Seekers Fee Concession
QMUL offers a tuition fee concession to all asylum seekers or children of asylum seekers who meet the criteria below. While your asylum application is under consideration by the Home Office, you will be entitled to pay the ‘home’ rate of tuition fees. This fee concession will be available to all undergraduate students on all programmes, except those course offered by the School of Medicine and Dentistry that lead to qualified status as a doctor, dentist, or dental hygienist or therapist. For more information click here.
2) Article 26 Bursary
Queen Mary University of London is offering tuition fee and maintenance support up to two undergraduate students who are asylum seekers or hold Discretionary Leave to Remain, studying on degree programmes in the Faculty of Science & Engineering or the Faculty of Humanities and Social Sciences.
Successful applicants will be awarded a full tuition fee waiver and maintenance support. The non-repayable maintenance bursary will include £1,571, the equivalent of the QMUL Bursary, and the equivalent of the student loan which most closely matches your circumstances, £7,097 for those living in a parental home, £11,002 for those living independently.
For full details of awards including eligibility criteria click here.
In addition to Student Finance and University Bursaries and Scholarships, there are some other sources of funding that you may be eligible to apply for to top up your income. Our Additonal Sources of Funding advice guide explains more about this.
When planning your funding, you should work out how much money you will need, by planning a budget. We have some useful resources on our website to help you do this.
You might be considering working part-time during your studies. Our advice guide helps you find out where to look for jobs, and what the rules are about the minimum wage, paying tax, and national insurance.
Not all students are eligible for Student Finance. Eligibility depends on a number of factors including your nationality and your length of residence in the UK. Eligibility for Student Finance also depends on whether you have previously studied on a Higher Education course, either for just part of the course or achieving a degree, regardless of whether you received Student Finance.
There is more information in the 'eligibility' section of the Advice and Counselling Service advice guide Undergraduate Funding; 2016 onwards starters. You can also read the guidance on the UKCISA (UK Council for International Student Affairs) website, which explains the different categories of eligibility.
The application process is now open for new students starting in the 2017-18 academic year. You are encouraged to apply as early as possible, and by 26 May 2017 in order to have your application processed by the start of the academic year. You do not need to have a confirmed place on a course before you apply. The deadline to apply for Student Finance is 9 months after the first day of the academic year for your course (1 September 2017) = 31 May 2018.
Your Tuition Fee Loans and Maintenance Loans will be combined into one Student Finance loan account. You are liable to start repaying this loan from the April after you leave your course. If you start your course from September 2012 onwards, you are not liable to start repaying your loan until you are earning at least £21,000 a year. The repayment threshold has been frozen at £21,000 until at least April 2021.
You will repay 9% of your earnings above the threshold (initially £21,000) each year. This means that your monthly repayments are based on how much you earn, not on how much you borrow. The amount you borrow just affects the total repayment amount and therefore how many years it will take you to repay your loan.
So the higher your earnings, the higher your monthly repayments are. If you work in the UK, your loan repayments are taken from you through the Income Tax system, before you receive your wages. If you live outside the UK, you have to arrange your repayments with the Student Loans Company.
There will be no penalty for early repayment of loans.
Any loan amount that remains unpaid 30 years after you became liable to start repayments (the April after graduation) will usually be written off.
For more information have a look at the Student Loans repayment information on the gov.uk website.
You will be charged interest on your loans from the day you receive your first payment, until you have repaid your loans in full. The interest rates vary depending on when you started your course. Details are available on the gov.uk website.
You can also find more information about Student Finance here: