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Full-time Undergraduate Funding - 2023 Entry

Student Finance England (SFE) provides financial support that helps with the cost of going to university.

Am I eligible for any support from the government?

Your eligibility for financial support will depend on you fulfilling certain criteria based on:

  • Your nationality or residency status
  • Your age at the start of the course
  • Any previous study at higher education level

For details visit Student finance - GOV.UK (

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How do I pay for my tuition fees?

You can apply to SFE for a Tuition Fee Loan to cover your tuition fees. It is non-means tested, which means the amount you can receive is not based on your household income. The Loan is paid directly to the University so, if you choose to take the Loan, you won’t have to set up any payments.

If you don’t want to take out the Loan, or only want to take some of it, you can pay your tuition fees directly to the university either in full, at the start of each year, or in instalments:

  • Term 1 – 50%
  • Term 2 – 25%
  • Term 3 – 25%

You can find more information about how to pay on the Student Finance website.

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How do I pay for my living costs?

You can apply for a Maintenance Loan towards your living costs such as accommodation, food and bills. This loan is means-tested so the amount you receive is partially based on your household income and whether you choose to live at home or in student accommodation. Your household income will be taken from the 2021-22 tax year and will include your income and that of the people you live with: your parents, your parent and their partner or your partner. You don't have to provide details of your earnings from part-time work but if you have income from another source, such as investments or income from property, you will need to declare it.

In certain circumstances, you might be considered to be an independent student, for example, if you are a care leaver or estranged from your family. Contact us for further advice.

The Maintenance Loan will be paid to you in termly instalments. The rent for University accommodation is due at the start of every term so you will need to make arrangements to pay this directly. You can find information about ways to pay at

Like the Tuition Fee Loan, you can choose how much Maintenance Loan you take up to the maximum available to you.

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How much Maintenance Loan might I receive?

The following figures apply to students who are aged under 60 on the first day of the first year of their course and who do not qualify for government benefits.

If you will be aged 60 or over at the start of your course or if you qualify for government benefits, please see our Students Eligible for Benefits or Aged 60 or Over page for the relevant figures applicable to you.

The below table also only demonstrates maintenance entitlement for students living in England. If you live outside of England, please visit our Funding information for Students who live outside of England webpage.

Table showing the 2023-24 SFE Maintenance Loan rates (subject to parliamentary approval) for full-time undergraduates who do not receive benefits

Please note, the 2023-2024 figures above are subject to Parliamentary approval.

You can also utilise the Student Finance Calculator tool to get an estimate of how much student finance you may be eligible for. You may also be interested to see Student Finance England's webpage Student Finance: How you're assessed and paid 2023 to 2024 for further information

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Can I get any extra money?

If you have special circumstances you may be eligible for some extra support from the government to help with living and learning costs. This will be in the form of a grant, so you won’t have to repay this money. You can apply for:

The below table outlines the maximum entitlements for dependents' grants for both the 2023-2024 and 2022-23 academic year.

Table demonstrating SFE Dependents' Grants (including maximum entitlements for 2023-24 and 2022-23)

Please note, the 2023-2024 figures above are subject to Parliamentary approval.

For further information regarding Dependents' Grants specifically, you can also take a look at our Dependent's Grants webpage.

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How do I apply for student loans and grants?

Your application for student loans is made online.

You can apply online to Student Finance England at Student finance - GOV.UK ( If you have any questions you can call Student Finance England on 0300 100 06 07.

To apply you will find it helpful to have the following:

  • Details of your course and university
  • Your passport or your original birth/adoption certificate
  • Your National Insurance number
  • Your household income information

If you want to apply for the Childcare Grant or Disabled Students' Allowance, you apply for this in the main Student Finance application.

Remember: You do not need to have a confirmed place to apply and we would recommend you apply as soon as you can.

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How do I repay the loans and what interest will I pay?

You will start to repay your loans from the April after you graduate or leave your course and only then if your income is above a certain threshold. From 1 August 2023, the repayment threshold is £25,000 for students who start their course on or after this date (Plan 5). Once your income reaches the threshold, you will pay 9p for every pound you earn over it. Your repayments are taken automatically through the UK tax system so you will not need to arrange repayment unless you work overseas or are self-employed.

Other key facts include:

  • If your income falls below the repayment threshold, your repayments will stop automatically.
  • There is no charge for early repayment, either in part or full.
  • Any loan (including interest) remaining after 40 years will be cancelled.

Interest, which is the cost of borrowing the money, will be added to your loan as soon as the first payment is made to you and the University. It is added to your loan at the Retail Price Index (RPI) rate. You can get more information about the current interest rates at Repaying your student loan - GOV.UK (

Remember: The monthly repayments are based on earnings and not the amount borrowed

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Does the university have bursaries or scholarships?

Our Warwick Undergraduate Bursary programme offers non-repayable awards of up to £3,000 to support students with course-related costs. You can find the full Warwick Bursary eligibility criteria on our website.

How much will it cost to live at Warwick?

The cost of living at Warwick will vary depending on your lifestyle choices. In a recent survey, our first-year students told us the biggest cost they have is accommodation which ranges from £85 to £218 per week. You can find more details on accommodation at Warwick here.

Remember: On top of your living costs, you should budget for course expenses such as stationery, books, materials and field trips. Visit for details

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How can I manage my money at university?

Budgeting as a student can be a challenge especially as you will need to make your Maintenance Loan payment last for a term. To make it easier, try to plan your budget in advance.

To get started with budgeting why not try the Warwick Student Budget Calculator online at Warwick Budget Calculator ( or download the app for free. You may prefer to download our printable budget planner.

Remember: University is a great experience so it’s ok to budget for some social activities!

Money saving tips!

We asked our students how they manage their money…

  • Work out a weekly budget so you know how much you can spend
  • Track your expenses to see where your money is going. This will help you to make your budget more realistic.
  • Try to save some money in case of emergencies
  • Think about getting a part-time job to top up your income
  • Prioritise your expenses so you don’t run out of money for important things