If you’re over 18 years old and want to take an HE course with us, you may be eligible for the Tuition Fee Loan.
What is the Tuition Fee Loan?
The Tuition fee Loan is operated by the government and can help cover the cost of your tuition fees on a Higher Education course. The loan doesn’t become repayable until you start earning over £27,295. You can apply for a means-tested maintenance loan at the same time
What Can I Study?
There are higher education tuition fee loans available for HNC’s, HND’s and BA Top Ups.
For full information visit the gov.uk website.
Repayments start the April after you complete or withdraw from your course. You pay back your loan (plus interest) when you finish your course and earn more than £27,295 a year. Your annual repayment amount will be 9% of any income you earn over £27,295. If your earnings drop below the threshold at any time then your repayments are automatically paused, and will only start again once your earnings go above the threshold. Any outstanding balance is automatically written off 30 years after your scheduled qualification end date, so you won’t be repaying it forever.
For more information on repayments visit the gov.uk website.
Any questions please email: Morley.Admissions@morleycollege.ac.uk
Students are strongly advised to seek independent advice before taking out any kind of loan. The Money Advice Service is a free initiative, set up by the government, which will provide impartial advice on all money matters, so you can be sure you’ve made the right choice. Visit www.moneyadviceservice.org.uk for more information.