Many people will be affected every year now that university maintenance grants have been killed off by the government.

Thousands of students every year have to consider all of their options when it comes to paying their way through university.

While the costs of higher education have undoubtedly gone up in recent years, there is evidence to suggest that getting a degree can be a great career investment and there are still many ways to fund your studies…

1. Government student loans

You can apply for both a tuition loan and maintenance loan through the Student Loans Company. The interest rates and repayment terms are generally good and we would always encourage students to look there first.

Depending on your circumstances you might be able to get up to £7,529 for 2019/2020 if you’re living at home. This could rise to £8,944 if you live away from home and outside London, and up to £11,627 if you’re away from home and in London.

2. Bursaries and scholarships

For some specialist courses or depending on your personal background, you may be able to apply for a bursary or scholarship either through the government or through your university. Check with your university for details or take a look at this guide. You might also want to research sponsored degrees in the UK.

3. The banks

The high street banks offer a range of student current accounts (many that include a 0% overdraft) and credit cards.

Check out the top student bank accounts in the UK to decide which option can best assist you through your studies.

2. Private student loans

It’s estimated that there is an average funding shortfall of £267 every month for UK students. That’s over £9612 for a three-year course. If you find you need extra help to bridge the gap, we’re supporting students to finance their studies if government funding is not enough.

With a Future Finance private loan you could borrow from £2,000 with flexible loan terms tailored to students (Representative example 16.0% APR, guarantor may be required). Some of these features include up to 3-months repayment breaks and no early repayment fees.


Investing in the best – yourself!

Reports over the last few years show starting annual salaries for graduates at around the £21,000 to £25,000 mark.

Even factoring in an early retirement and assuming a working life of 30 years, a steady, £40,000 salary with no further pay rises will still give you total pre-tax earnings of £1.2m during your career. That’s a sizeable sum and affords you plenty of opportunity to pay back the money you borrowed to get your degree.

How much you pay back in total can vary and this is the critical bit.


New to Future Finance?

We’re the only specialist provider of private student loans in the UK. We offer loans designed for students, which means lower, capped repayments in study, repayment holidays and a loan plan based on your course and university, not just your credit score (Representative example 16.0% APR, guarantor may be required).

You can apply online for a Future Finance student loan in less than a couple of minutes. And we won’t keep you hanging. Our smart technology means you’ll get a decision fast, without it affecting your credit score.