Monday, February 1, 2016

2016 Government support

If you are a UK or EU student undertaking your first undergraduate degree, you will be eligible to access a loan from the UK government for the full amount of your tuition fee and do not need to pay anything upfront.
If you are a UK student, in addition to tuition fee support, you can also apply for funding towards your living costs, and the amount available to you will vary according to where you are from in the UK. You will be able to access a basic maintenance loan towards your living costs regardless of your household income level and if you are from a lower-income household you will also be eligible to access additional maintenance support.
You should apply to your regional funding agency (see below) before the end of the Easter holidays to ensure that funding is in place for the start of your course, and should remember to apply to be means-tested, if appropriate.
What does it mean to be ‘means-tested’ or ‘financially assessed’? If you want to be considered for additional maintenance support, you will need to complete a financial assessment as part of your application to your funding agency in order to calculate your household income. Although much of this process is automated, you may need to provide financial information to support your assessment.
What is household income and how is it calculated? Your household income is made up of your income plus that of the people who live with you, such as your parents/step-parent/partner. Household income is assessed based on gross
taxable income for the last full tax year. If you are starting your course in 2016, information from the 2014/15 tax year will be used.

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