latest student finance information for Aston University
When thinking about the cost of university, many parents worry how their son or daughter will be able to afford their three (or four) year degree course.
All Home/EU undergraduate students are entitled to a basic amount of financial help and can apply for a loan to pay for their tuition fees. Home students can also apply for a maintenance loan to help towards their living costs. The full amount of support given, including maintenance grants and loans, is dependant on household income.
In order to receive financial support, known as ‘student support’, students must complete an application form before they arrive at university. The application system for student support is integrated with UCAS so students are able to apply for their university place and their financial support at the same time. All student support applications from students in England are handled centrally through Student Finance England. www.direct.gov.uk/studentfinance
Students do not have to pay back their loan until they have graduated and are earning over £15,000 per year (£21,000 per year for students enrolling in 2012 and beyond).
The cost of tuition fees normally rises slightly each year.
All home and EU students (this means most UK and European based students) pay this amount and are entitled to apply for a tuition fee loan to cover the full amount. If you are an Overseas/International student please speak to an admissions tutor regarding your tuition fees.
Maintenance Loans for Living Expenses
Students can also access maintenance loans to help pay their living costs.
The maximum maintenance loan for the academic year 2013-14 is around £4,375 if living at home and £5,500 if living away. If your child receives a grant, the amount of maintenance loan will be reduced slightly
Students whose family income is low will receive annual grants to help with the costs of studying. These grants do not have to be paid back.
The maximum Maintenance Grant for 2013-14 is £3,354 for the year.
Part of any Maintenance Grant will be used to reduce the amount of Maintenance Loan available. This does not mean that students from lower income families are given less money overall; it just means that more of their money is given to them as a grant and does not need to be repaid. Therefore students who get the grant will lose up to a maximum £1,292 of the maintenance loan.
Aston Bursaries and Scholarships for 2014 entry
Placement Year Students.
Students taking a placement year at Aston pay a vastly reduced tuition fee. The vast majority of Aston students receive a scholarship. More Information
For up to date information on fees and finance and a calculator to find out how much financial assistance you are entitled to, please visit: