Bhavana

Bhavana (38) is a single mum. Bhavana works 18 hours a week as a Customer Services Adviser, which she intends to continue whilst studying. She receives Universal Credit. Bhavana is going to study BA(Hons) Counselling (90 CATS a year).

Bhavana is entitled to:

Tuition Fee loan: £4,620
Warwick Scholarship Fee Waiver: £2,310 (this is deducted from the tuition fee charged. Warwick will notify Student Finance England of the revised tuition fee once the fee waiver has been awarded).

Maintenance loan: £7,483.50 (paid directly to Bhavana)

Benefits: Bhavana will need to contact the Jobcentre Plus to find out how her benefits will be affected.

Rachel

Rachel (27) is living at home with her mum. She is working as a Teaching Assistant. She is going to study BA(Hons) Health and Social Policy and she is planning on studying 60 CATS a year. She will not be getting financial support from her employer for her studies.

Rachel is entitled to:

Tuition Fee loan: £3,080 (paid directly to Warwick)

Maintenance loan: £4,989 (paid directly to Rachel)

Dal

Dal (31) lives with his partner Sonja. In the 2021-22 tax year, Sonja earned £24,500. Dal is working as an administrator and is not receiving any financial support from his employer towards his studies. Dal is going to study BA(Hons) French Studies – 30 CATS per year.

Dal is entitled to:

Tuition Fee loan: £1,540 (paid directly to Warwick)

Maintenance loan: £2,494.50 (paid directly to Dal)

David

David (20), who works as a chef, lives at home with his mum and his mum’s partner. David has not earned enough to financially support himself for a period of 3 years or more. In the 2020-21 tax year, David’s mum earned £21,500 and his mum’s partner earned £23,500. David is going to study BA(Hons) Social Studies – 90 CATS per year.

David is entitled to:

Tuition Fee loan: £4,620 (paid directly to Warwick)

Maintenance loan: £5,343.75 (paid directly to David)

Ray

Ray (70) is a widower. Ray is going to study BA(Hons) History – 90 CATS per year.

Ray is entitled to:

Tuition Fee loan: £4,620 (paid directly to Warwick)

Grace

Grace (44) is married to Luke and they have two children. In the 2021-22 tax year, Luke earned £30,000. Grace is a full-time mum. Grace is going to study – BA(Hons) Social Studies – 60 CATS per year.

Grace is entitled to:

Tuition Fee loan: £3,080 (paid directly to Warwick)

Maintenance loan: £4,632.50 (paid directly to Grace)

Repayments

Repayments will begin in the April after you have completed or left your course, or after four years (whichever comes first), but only if you are earning over the repayment threshold (£25,000 for students starting their course from October 2023).

You will repay 9p for every pound you earn over the threshold.

See 2 examples of repayments on the right side.

George's repayments

George starts his course in 2023. After his degree he gets a job as a teacher. As he started in 2023 he has a plan 5 loan so the repayment threshold is £25,000. He is earning £26,000 a year.

His employer deducts per month from his salary, for his Student Loan repayment.

Caroline's repayments

Caroline is still studying her degree, which she started five years ago, she is also working as a Marketing Officer. She is earning £30,000 a year. As she started in 2018, she has a plan 2 loan so the repayment threshold is £27,295.

Even though she is still studying, repayments for part-time loans start 3 years after you started your course, so, her employer deducts £20 per month from her salary.