Government grants and loans

Apart from taking out a loan to cover tuition fees, most students also need financial support to help with their living costs. Maintenance loans are available from the Government in addition to any support eligible students may receive from the University of Exeter or chosen university.

The figures below relate to proposed financial support for students who are normally residents in England and who are starting university in the academic year 2018/19. Financial support is also available for students from Northern Ireland, Scotland and Wales and also other EU countries; for further details visit the Student Finance website.

If you are a full-time UK student, you will be able to apply for a loan to assist with your living costs such as food, accommodation and travel in each year of your degree. The amount you will be entitled to depends on your household income.

For further details visit the Gov.UK Student Finance website or the Student Funding pages.

Maintenance loan

If you are a full-time UK student, you can apply for a loan to help with your living costs in each year of your degree. The amount you get will depend on your household income and the level of grant you receive. The loan is paid directly into your bank account at the start of each term. You have to pay the loan back.

Full-time student2017/20182018/2019
Living at home Up to £7,097 Up to £7,324
Living away from home, outside London Up to £8,430 Up to £8,700
Living away from home, in London Up to £11,002 Up to £11,354
Spending a year of a UK course studying abroad Up to £9,654 Up to £9,963

For further details visit the Gov.uk Student Finance website. Use the student finance calculator to estimate your Maintenance Loan.

Tuition fee loan

Covers your full tuition fees and means that you will not have to pay undergraduate tuition fees before you start or during your time at university. It is paid direct to the university.

Repaying your loans

You will start to repay your total loan (loan for fees and loan for living costs) after you have graduated and are earning more than £25,000* a year. You then pay back nine per cent of your income over £25,000. The level of interest charged will depend on the amount you earn and the lowest earners will only pay interest at the rate of inflation.

Applications and repayments

Information on applying for funding can be found on the applying for financial support pages.

Information about loan repayments can be found on the repaying your student loan pages.

Maintenance grant

Maintenance grants will be replaced with loans for new full-time students in England starting their courses from September 2016. From 1 September 2016, the student finance package will include a tuition fee loan and a maintenance loan only. You will still be able to apply for grants if you're eligible for certain benefits, disabled, or need help with childcare costs.

*subject to Government confirmation