Maintenance loan
Maintenance loan
Full-time students may be entitled to a Maintenance Loan of up to £10,227 (for 2024/25) and £10,544 (for 2025/26) towards living costs such as food, accommodation and travel. You can get an estimate of how much funding you could get using SFE’s Student Finance Calculator.
Further financial help for parents in higher education may also be available through the Childcare Grant and Parents' Learning Allowance.
Eligibility criteria
Full-time Home undergraduate students are eligible to apply for a Maintenance Loan to help fund their living costs.
EU applicants might be eligible for help with living costs depending on their nationality, residency status and address history.
More information on eligibility for applying for student finance can be found on the on the SFE website.
How do I apply for my loan?
To apply for the Maintenance Loan you need to create an online account with Student Finance England and complete the application form on their website.
When to apply?
You will need to check on the Student Loan Company and the University and Higher Education websites when to apply for your Maintenance Loan and for any dates that may affect your student loan application.
How much will I get?
Full-time students may be entitled to a Maintenance Loan of up to £10,227 (2024/25) - you can get an estimate of how much funding you could get using SFE’s Student Finance Calculator.
How is the student loan paid out?
You will receive a confirmation from the Student Loans Company along with a payment schedule. The loan will be paid in three instalments transferred directly into your bank or building society account starting at the beginning of term.
Repaying your student loan
One thing to remember is that you will not have to pay anything while you are studying. Tuition Fee Loan and Maintenance Loan repayments only start once your annual income is more than £25,000 a year. All outstanding repayments will be written off after 40 years.
You repay 9% of everything earned above the threshold.
Plan 5 repayments:
|
Salary |
What you'll repay each month |
|---|---|
|
£25,000 |
£0 |
|
£27,000 |
£15 |
|
£29,000 |
£30 |
|
£31,000 |
£45 |
|
£33,000 |
£60 |
|
£35,000 |
£75 |
For further information on the income thresholds and interests charged please visit the Student Loans Company website.
Further advice and support
Student Finance Office
For further information, advice or guidance, please contact the Student Finance Office.
Cost of living
Huddersfield is a budget friendly option for being a student. Not only is it one of friendliest towns, it also offers a low cost of living, including being the second cheapest in the UK for student rent.
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