UNDERGRADUATE FUNDING PRE-2016 STARTERS

This web page contains a summary of the undergraduate funding arrangements for students who started a course before 1 August 2016 and are continuing on a course in 2017-18

For more detailed information on undergraduate funding, we have written an Advice Guide specifically for QMUL students: 'Undergraduate Funding: pre 2016 starters (Home and EU)'.

For information for students who started a course on or after 1 August 2016 click here

This information is for students 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.

​If you are studying Medicine or Dentistry, click here instead. 

Please note Maintenance Grants are still available for continuing students for the remainder of your course, subject to the income assessment (they have only been scrapped for students who are entering Higher Education from 2016 onwards). 

If you are looking for information on the undergraduate funding arrangements for 2016-17 please contact a Welfare Adviser.
 

On this page:

Tuition fees

QMUL will charge a tuition fee of £9,000 in 2017-18 for undergraduates starting in 2012 or later. 

Students who started their course between 2006 and 2011 will pay an annual tuition fee of £3,465 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.

Living costs

The government Student Finance package includes three main elements to help you pay for living costs:

Maintenance Loan

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).

If you started your course in September 2012 or later, the maximum Maintenance Loan in 2017-18 is £8,432 if you live away from home and study in London, or £4,806 if you live at home. The maximum final year rates are £7,679 (living away from home) and £4,416 (living at home).

If you started your course before 2012, the maximum Maintenance Loan in 2016-17 is £7,611, if you live away from home and study in London, or £4,217 if you live at home. The maximum final year rates are £6,930 (living away from home) and £3,826 (living 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. 

The amount of Maintenance Loan you get will be reduced if you also get a Maintenance Grant (see next section).

Your Maintenance Loan is paid directly into your bank account in three equal instalments, at the start of each semester (September, January and April).

You must be under 60 on 1st September in the year you start your course, to apply for a Maintenance Loan.

See also our information about repaying loans.

Maintenance Grant

The Maintenance Grant is non-repayable. How much Maintenance Grant you get depends on your household income, and on when you started your course.

If you started your course since September 2012, the Maintenance Grant is up to £3,482 in 2017-18.

If you started your course before September 2012, the Maintenance Grant is up to £3,197 in 2017-18.

Your Maintenance Loan will be reduced by 50p for every £1 of Maintenance Grant that you get. For example, if your Maintenance Grant is £3,482, your maximum Maintenance Loan entitlement would be reduced by £1,741. 

The Maintenance Grant is paid directly into your bank account in three equal instalments at the start of each semester (September, January and April).

If you have an underlying entitlement to claim benefits despite being a full time student, for example you are a lone parent or you have a disability or ongoing ill health, you should be eligible for a Special Support Grant instead of a Maintenance Grant. This is assessed in the same way, however your Maintenance Loan will not be reduced if you are getting the Special Support Grant. The Special Support Grant is also disregarded as income when calculating means-tested benefits. 

Supplementary Grants

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 Bursaries

QMUL has its own package of bursaries, which you do not need to repay.

For students who started in 2015, 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)

For students who started in 2012 - 2014, the Bursary package in 2017-18 is:

  • QMUL Bursaries of £1,500 each year for students whose household income is less than £25,000 (and who are eligible for income assessed Student Finance)
  • QMUL Bursaries of £1,200 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 A, if you are eligible for a Bursary.

If you started your course before September 2012, you will continue to receive a Bursary in every year of your course, as long as your household income remains at the relevant levels to qualify. The Bursary rates and income thresholds for pre-2012 starters are available here.

Other Bursaries, Scholarships and Prizes

There are a number of university-wide and department-based awards and prizes. Some are awarded automatically when your application to study at QMUL is being considered, others require you to make an application, and others are awarded at the end of an academic year by the heads of academic schools in recognition of academic ability.

For more information click here.  

Additional sources of funding

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.

Eligibility for Student Finance

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 pre-2016 starters. You can also read the guidance on the UKCISA (UK Council for International Student Affairs) website, which explains the different categories of eligibility.

Applying for Student Finance

The application process is now open for the 2017-18 academic year. If you are a continuing student you should wait for SFE to contact you before applying for the 2017-18 academic year. We expect that you will be contacted during March 2017 and asked to apply online.  However, if you have not been contacted by SFE yet it is advisable to log on to your online SFE account to check if you have been invited to apply. To ensure that you are paid the first instalment of your Student Finance at the start of the academic year, you should apply by 23 June 2017. You can still apply after this date, but your payments are unlikely to be ready by the start of the academic year. The deadline to apply for Student Finance is 9 months after the first day of the academic year for your course (1 September 2016) = 31 May 2018.

You are encouraged to apply online but if you prefer you can download a paper application form.

Repaying Tuition Fee Loans and Maintenance Loans

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.

How much interest will I pay on my loans?

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. 

Further information

If after reading this information and our advice guide you have further questions about Student Finance, whether you are a current student or a prospective student, please contact a Welfare Adviser in the Advice and Counselling Service.

You can also find more information about Student Finance here:

http://www.gov.uk/

http://www.thestudentroom.co.uk

www.moneysavingexpert.com/family/student-loans-tuition-fees-changes


Disclaimer:
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.