		Full year 2008/2009		Final year 2008/2009
	100%	75% Non means tested	25% means tested	100%	75% Non means tested	25% means tested	Email Print
Students living away from home: In London Elsewhere	£6,475 £4,625	£4,855 £3,470	£1,620 £1,155	£5,895 £4,280	£4,420 £3,210	£1,475 £1,070
Students living at home:	£3,580	£2,685	£895	£3,235	£2,425	£810
Applies to students normally resident in England or Wales. The APR for 2008/09 is 1.5% (wef 6.3.09), It is adjusted in line with the March Retail Prices Index or the highest base rate of a number of major banks plus 1% , whichever is lower. For loans taken out before 1998, it is adjusted annually in line with the Retail Prices Index and is 3.8% (w.e.f. 1.9.08). Most borrowers currently repay over 5 or 7 years. Monthly repayments commence in April following completion of course. New system: Income contingent for students applying after 1998. Loan is means tested & repaid at 9% over current income threshold of £15K gross pa. Old system: Mortgage style for students applying before 1998. Current deferment threshold is £25,936 gross pa or £2,161 pm. For a student whose home address or base is in Scotland, the Scottish executive has put in place a separate package of grants and awards. The Graduate Endowment Scheme is exclusive to Scotland and it provides for an entirely different approach. For a student normally resident in Northern Ireland different rules also apply. The loans are made by Student Loans Company Ltd, 100 Bothwell Street, Glasgow G2 7JD. Tel: 0800 405010. Website: www.slc.co.uk or www.studentsupportdirect.co.uk.

Full year 2008/2009

Final year 2008/2009

100%

75% Non means tested

25% means tested

100%

75% Non means tested

25% means tested

Students living away from home:
In London
Elsewhere

£6,475
£4,625

£4,855
£3,470

£1,620
£1,155

£5,895
£4,280

£4,420
£3,210

£1,475
£1,070

Students living at home:

£3,580

£2,685

£895

£3,235

£2,425

£810

Applies to students normally resident in England or Wales. The APR for 2008/09 is 1.5% (wef 6.3.09), It is adjusted in line with the March Retail Prices Index or the highest base rate of a number of major banks plus 1% , whichever is lower. For loans taken out before 1998, it is adjusted annually in line with the Retail Prices Index and is 3.8% (w.e.f. 1.9.08). Most borrowers currently repay over 5 or 7 years. Monthly repayments commence in April following completion of course. New system: Income contingent for students applying after 1998. Loan is means tested & repaid at 9% over current income threshold of £15K gross pa. Old system: Mortgage style for students applying before 1998. Current deferment threshold is £25,936 gross pa or £2,161 pm. For a student whose home address or base is in Scotland, the Scottish executive has put in place a separate package of grants and awards. The Graduate Endowment Scheme is exclusive to Scotland and it provides for an entirely different approach. For a student normally resident in Northern Ireland different rules also apply. The loans are made by Student Loans Company Ltd, 100 Bothwell Street, Glasgow G2 7JD. Tel: 0800 405010. Website: www.slc.co.uk or www.studentsupportdirect.co.uk.