Money matters

Government grants and loans

Alongside the bursaries and scholarships offered by the University of Exeter, there is financial support available from the Government to help students cover the costs of living and studying. The figures below relate to financial support for students who are normally resident in England and starting university in 2012. Financial support is also available for students from Northern Ireland, Scotland and Wales and also other EU countries; for further details visit the DirectGov Student Finance website.

Maintenance grant

A means-tested non-repayable grant of up to £3,250 per year, available for new full-time students from lower-income backgrounds. There are additional, non-repayable grants for eligible students.

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.

Maintenance loan

Students can apply for a loan to help with their living costs. The amount you get will depend on your household income and the level of grant you receive.

You will start to repay your total loan (loan for fees and loan for maintenance) after you have graduated and are earning more than £21,000 a year. You then pay back nine per cent of your income over £21,000. 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.