20/11/2025
🎓✨ All You Need to Know About Student Finance 💷💡
💰 Living Costs & Tuition Fees
Between £13,000 – £17,000 for living costs 🏠🚆🍴
£9,250 per year for tuition 🎓
If you're studying in London, you can receive Student Finance support covering:
✅ Living expenses
✅ Accommodation
✅ Travel
✅ Other essentials
💳 The funds are deposited directly into your bank account! 🙌
Each year, you’ll need to reapply for funding — but don’t worry, after the first year the process is usually quick and simple 🕒
🤔 Do you have to pay it back?
➡️ Yes and No!
Student loans are designed so that you only start repaying once you earn above a certain income threshold.
💡 If you’re unemployed or earn below that amount — you don’t pay anything!
💼 Loan Repayments Explained
💷 You start repaying only if your yearly income is above £25,000
That’s around:
📆 £2,083/month
📅 £480/week
Once you earn more than the threshold, you’ll pay just 9% of the amount above £25,000.
📊 Example:
If you earn £30,000/year (that’s £5,000 above the threshold):
👉 You pay 9% of £5,000 = £450 per year (around £37.50/month)
If you’re self-employed, this helps you plan how much to set aside for your tax return 📈
🎯 Quick Recap:
💵 Support: £13k–£17k living + £9,250 tuition
🏦 Paid directly to your account
⏳ Repay only when earning over £25k
📉 9% of income above the threshold
📩 Got questions about Student Finance?
Drop them in the comments 💬 or send us a message 📲 — we’ll help you figure out exactly what you’re eligible for! 🙌
