Part time Student Loans

At Future Finance, we’re dedicated to ensuring that students with potential are never prevented from realising their dreams.  The majority of students we fund are young full time students studying their first degree in UK universities, but these are not the only students that we fund.

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Part-time students are not entitled to the same level of financing from the government student loan scheme, and in some cases may not be entitled to any. Studying part-time doesn’t make your degree less valuable, and in fact it can be a great way for students to develop their professional career experience, while also gaining a qualification.

But even while earning a salary, there can still be financial costs to attending university part-time, beyond the initial tuition fees. We don’t believe students should be held back just because they chose a different mode of study than others do.

What requirements do part-time students have to meet?

There are no specific requirements for part-time students, beyond what is required of all applicants. You must be:

  • An undergraduate and postgraduate university student in the UK.
  • 18 years of age or above
  • A UK or EU citizen, and normally resident in the UK

In fact, as part-time students are sometimes a little older, and are more likely to be earning an income or have built up a credit score, you may have a better chance of being approved without the need for a guarantor. If you are a non-EU citizen however, we require a UK guarantor in all cases.

How much can I borrow?

Just like full-time students, you can borrow between £2,000 and £40,000.

What can I spend the money on?

Future Finance student loans can only be used for education related costs. This includes tuition fees and cost of living expenses

When do I have to repay the loan?

While studying and until 3 months after you graduate your repayments are capped at £75 per month, though many pay less than this. 3 months after graduation, full repayments will begin, but you will also receive a reduction in your interest rate. From that point, you have ten years to repay the loan.

Any Other Questions?

If you have further questions, you can look at our FAQ section

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