One of the main differences between school and university is that you have to pay for tuition fees and other living costs at uni. But not to worry – there’s lots of help available. Read through the information below to find out more.
One of the main costs of university is the tuition fee for the course. Universities can charge up to a maximum of £9,000 per year, but don’t worry – this doesn’t have to be paid upfront. Most students in Wales (and the UK/EU) will be eligible for financial support to cover the whole cost of the tuition fee. You will not be required to pay any money back until you graduate and start earning more than a certain amount (currently £21,000 per year).
Funding for living costs for Welsh students
You can apply for a Maintenance Loan to help with your living costs (e.g. accommodation, books & equipment for university and social activities). Loans are repayable after you graduate and when you are earning over a certain amount (currently over £21,000 per year) What you receive will depend on your personal circumstances. The loan and grant information for 2014/15 entry has yet to be released but it will appear here as soon as it is confirmed.
For information, the maximum amounts available for new students starting university entry 2016/17 were:
- Up to £4,786 for students living with parents
- Up to £6,183 for students not living with parents and studying in the UK (please note this doesn’t include London – the loan available for London is higher).
The amount of Maintenance Loan you receive depends on your household income and any grant you receive.
If you’re a full-time student, you could qualify to receive a (non repayable) grant towards your living costs called The Assembly Learning Grant. The amount you receive depends upon your household income.
For students that start studying in the 2016/17 academic year:
- the maximum grant of £5,161 a year, if your household income is £18,370 or less
- a partial grant if your household income is between £18,370 and £50,020