In addition to your tuition fees at University, you will need to consider covering the cost of living and study expenses for the duration of the course.
There are many options to assist students to cover these costs and the support that is available will greatly vary depending on your individual circumstances.
The amount that you will need to live on as a student will vary depending on your particular cirumstances. You should make sure that your budget allows for:
For more information on the coast of living and the services available to help you, please visit our Students Fund Service.
A maintenance loan is the main way in which you can get financial help for your living costs. All UK students are eligible to apply for the maintenance loan and the amount you can borrow will vary depending on your cirumstances. All students will qualify for 57 per cent of the full loan amount available, and the remaining 25 percent will be income assessed.
The maximum rate for students studying in London and living away from parents is £6,315. If you are living with parents and studying in London, the maximum available is £3,495. Loans are paid directly to your bank account in termly installments and repayments work in the same way as for the tuition fee loans.
For students from lower income households, there is further non-repayable assistance to help with living costs. The maintenance grant is income assessed and is valued up to £2,765 a year.
Payments will be made direct to your bank account in termly instalments.
Students who are eligible to receive Income Support and other means tested benefits such as Housing Benefit will be eligible for a non-repayable grant of up to £2,765 a year. The Special Support Grant is for students currently in receipt of income-related benefits. Those likely to be eligible are lone parents, couples with children and some disabled students.
Students who receive the full maintenance grant or special support grant are entitled to a minimum bursary of £305 from their university under Government legislation.
We have decided to give considerably more than this minimum amount to students from lower income housholds and guarantee at least £1,000 per year fro students receiving the full grant who are paying £3,070 per year in fees. The bursary in intended to assist with living and study expenses, it is non-repayable and is paid directly into your bank account in ternly instalments.
Your eligibility for the bursary will be assessed when you apply to your Local Authority for national student support.
There are additional non-repayable allowances for students who have either child or adult dependants. These are income assessed and include:
If you have a disability you may be entitled to Disabled Students' Allowance (DSA). This is not income assessed and the types of non-repayable allowances include:
EU students who have been resident in the UK for more than three years before starting their degreee may be entitled to assistance with their living costs.
Loan reports work in exactly the same way as tuition fee loans.
You will normally receive a non income assessed bursary to help towards your living expenses, funded by the NHS. For our students in 2006/2007, the basic award of the bursary was £7,030.
You will be eligible for an income assessed bursary to help towards your living expenses, funded by the NHS. For our students in 2006/2007, the basic award of the income assessed bursary was £2,908, with an additional allowance given for extra weeks on the course.
In addition to the City University London bursary, the University and associated organisations offer a number of extra bursaries and scholarships to undergraduate students.