Financing Your Studies
Advice on finance
A great place to find out about financing your studies is the Gov.uk student finance website. You can find all you need to know about fees, loans, bursaries and grants, if you qualify for student finance and how to apply for it.
If you've already had some experience of living independently, you'll probably have a good idea of what your living costs are. If you're not sure, visit the UCAS website for more information on how to plan your budget.
Our Student Money Team is also on hand to offer free, confidential and impartial advice on funding, budgeting and debt to ensure you have access to the information you need.
You can also download our guide to Student Finance.
How much will it cost to go to university?
Costs for university fall roughly in to two categories:
- Tuition Fees
- Living costs (maintenance)
Our Tuition Fees
For most full-time undergraduate courses starting in 2018/19 the annual fees are £9,250. Fees for part-time undergraduate courses are usually a proportion of the full-time fee depending on the number of modules studied. Whether full time or part-time, if you're an eligible UK or EU student and you are successful in securing a tuition fee loan from the Student Loans Company you won't have to pay any tuition fees upfront.
Many of our courses are available in the sandwich mode, where students enter employment between their second and final year of studies in order to enhance their skills and extend their knowledge. As this is an important feature in a number of our courses we have decided that UK/EU undergraduate students starting their course in September 2018 will not be charged a fee for their placement year (please note, this does not apply to courses that are NHS and TDA funded). Non EU undergraduate students will be eligible for a 75 per cent discount on their tuition fee rate on their placement year.
Find out more about placements and other opportunities.
Tuition Fee Loans (UK & EU Students only)
What is the Tuition Fee Loan?
Tuition fee loans are available for most students to cover the cost of your tuition fees. The Student Loans Company will pay this directly to the University. The amount of your tuition fee loan is not affected by your household income.
You may be able to get a Tuition Fee Loan if your part-time course has a course intensity of 25 per cent or more.
‘Course intensity’ measures how much of your course you complete each year compared to an equivalent full-time course. This is calculated based on the number of credits you study each year. For example: If a full time student was expected to study 120 credits per year and a part time student was expected to study 30 credits per year then the ‘course intensity’ would be 25% as 30 is one quarter of 120*.
Most courses are designed so that Part-time students are expected to study at least 25% of the course that full time students would study each year. However, if you have any questions, please speak to our admissions team on email@example.com.
*Please note that not all courses which are eligible for funding consist of 120 per level so the number of credits a part-time student is required to study may be greater than 30 to reach the 25 per cent intensity threshold.
Tuition Fee Loan
The loan is paid directly to your university or college and you will have to pay it back:
- Full-time students can currently borrow up to £9,250 each academic year.
- Part-time students can currently borrow up to £6,935 each academic year.
In addition to the tuition fee loan, you can apply for a maintenance loan to help pay for your living costs (food, travel, accommodation etc). It is paid each year in three instalments, one in each term.
How much you can borrow depends on the year of your course, where you live, your household income, your age and whether you can claim welfare benefits.
The maximum amount of loan you can receive to study at Leeds Beckett in 2018/19 is £8,700. See table below for breakdown of loan amounts.
|Student living at home||Student living away from home|
*Some EU students may also be eligible for the Maintenance Loan if they have been resident in the UK for 5 years prior to the course.
If you are starting a part-time course in 2018, you may also be eligible for a Maintenance Loan. How much you will receive will depend on where you live while you are studying, your household income and your course intensity.
How student loan repayment works
You will only start to make repayments on your student loan once you are earning a salary over £25,000. If your salary falls below £25,000, your payments will stop.
You will repay nine per cent of any earnings over £25,000 per year. See the table below* for some examples of loan repayment rates.
|Annual income before tax||Monthly salary||Monthly repayment|
|Up to £25,000||£2,083||£0|
*Loan repayment information is representative. Repayment rates may be subject to changes beyond our control.
Applying for funding
Applications for student funding are now open for the 2018/2019 academic year. To ensure that your money is paid on time when you begin your course, you will need to submit your application to Student Finance England by:
- 25 May, if you are a new student.
- 22 June, if you are a continuing student.
Applications to Student Finance Wales should be made by:
- 11 May, if you are a new student.
- 9 June, if you are a continuing student.
Please check www.gov.uk/apply-online-for-student-finance for updates. You don’t need a confirmed place at university or college to apply, just use your preferred choice and update it if it changes. It is best to submit your application as soon as possible to ensure you have an idea of what your finances will be as a student. It takes at least six weeks to process your application. If your application is late, your money might be too. Early applications will also help to ensure your first funding instalment is ready for release to you when we confirm your enrolment.
You can apply for funding online at www.gov.uk/student-finance.
If you're unsure how to apply or about any aspect of the application process give our team a call on 0113 812 3113, we're happy to answer any questions you might have!
Additional funding for university
Some people may be eligible for additional funding available from Leeds Beckett and/or the government. Find out more about what is available and who is eligible.
NHS funded courses
If you are starting a full-time NHS healthcare degree, your funding will be split between the Student Loans Company and the NHS. This includes a means tested (based on income) NHS Bursary, a non means tested NHS grant of £1,000 and the reduced rate student loan of £2,438 (£1,936 if you are living at home).
If you are studying Social Work, your funding may potentially change as you progress through your course. In year one, you can apply for the standard Maintenance Loan and Tuition Fee Loan. In your second and third years, you can also apply for a Social Work bursary from the NHS.
Find out more about NHS funded courses.
Earn while you learn
Our in-house employment agency can help you find a job to fit around your studies. Rates of pay are competitive and work is flexible. You choose to offer your availability for work, when it suits you.
Visit the Job Shop website or telephone + 44 (0)113 812 6700 to find out more.
Unfortunately, you are only allowed to defer for one year. If you have extenuating circumstances that may require your deferral for a further year then please email us at firstname.lastname@example.org with full details of those circumstances so that your request can be considered. Please also provide your full name, UCAS personal ID and course.
If you applied through UCAS, it is likely that we will receive some, if not all of your examination results via UCAS. If you have been asked to send your results in to us, this will be detailed on your offer letter/UCAS Track. It is very important that you do so as soon as possible after receiving your results. They can be faxed to us on 0113 812 3144 or scanned to email@example.com if you applied via UCAS. If you applied directly to us, please send them to firstname.lastname@example.org. Please make sure you have put your name and Personal ID/Leeds Beckett number on the correspondence to avoid any delays in confirming your place with us.