Maintenance Loan
Undergraduate home students can apply for a Maintenance Loan to help with living costs.
The amount you'll get depends on your family income and is calculated by Student Finance England. You will have to pay the loan back.
Eligibility
Eligibility for funding depends on several factors, including the following:
- Your place of study is a recognised degree provider
- Your course is an officially recognised award
- You are a UK or Irish citizen
If you have already have a degree, and have received a Maintenance loan, you may not be eligible for further funding.
A comprehensive list of the Maintenance loan eligibility criteria is available on the Student Finance England website.
How much can I get?
The maximum loans available for the 2024-25 academic year are:
- Up to £8,610 if you're living at home
- Up to £10,227 if you're living away from home, for example in student accommodation
- Up to £11,713 if you spend a year of your course studying abroad
- If you’re 60 or over on the first day of the first academic year of your course, you will get £4327.
The money is paid in instalments, at the start of each academic term.
Maintenance loan table for students living at home
| Household income | Loan amount |
|---|---|
| <£25,000 | £8,610 |
| £30,000 | £7,887 |
| £35,000 | £7,163 |
| £40,000 | £6,440 |
| £42,875 | £6,024 |
| £45,000 | £5,716 |
| £50,000 | £4,993 |
| £55,000 | £4,269 |
| >£58,307 | £3,790 |
Maintenance loan table for students living away from home
| Household income | Loan amount |
|---|---|
| <£25,000 | £10,227 |
| £30,000 | £9,497 |
| £35,000 | £8,766 |
| £40,000 | £8,035 |
| £42,875 | £7,614 |
| £45,000 | £7,304 |
| £50,000 | £6,573 |
| £55,000 | £5,842 |
| >£62,347 | £4,767 |
Maintenance loan table for students eligible for qualifying benefits
| Household income | Living away from home | Living at home |
|---|---|---|
| <£25,000 | £11,658 | £10,158 |
| £30,000 | £10,527 | £9,002 |
| £35,000 | £9,396 | £7,845 |
| £40,000 | £8,265 | £6,689 |
| £42,875 | £7,614 | £6,024 |
| £45,000 | £7,304 | £5,717 |
| £50,000 | £6,573 | £4,993 |
| £55,000 | £5,842 | £4,270 |
| £60,000 | £5,111 | £3,790 |
| >£62,394 | £4,767 | £3,790 |
Loan repayment
Students starting in September 2022 will start making loan repayments when earning over £27,295. The graduate would continue making repayments, either until total debt was cleared or until 30 years had passed.
From September 2023, loan repayments will be based on earnings above £25,000.
They will repay 9% of what they earn above the £25,000 threshold. For example, a graduate earning £30,000 per year would be earning £5000 above the £25,000 threshold. The following calculation shows the amount they would repay each month:
- Subtract £25,000 from £30,000 = £5,000
- Calculate 9% of £5,000
- This equals £450 per year or £37.50 per month
The graduate would continue making repayments, either until total debt was cleared or until 40 years had passed.
How do I apply for the Maintenance loan?
You can apply for the Maintenance loan through Student Finance England.
When will I receive the loan?
You will receive the Maintenance loan in three instalments. The loan will be paid directly into your bank account at the start of each term.