Student Finance Centre
Full-time undergraduate from the UK
This page is relevant to you if you will be a new student starting a standard Higher Education full-time undergraduate course (for example, BA, BSc, HND, Foundation degree, but not an NHS funded course) in 2012/13 for the first time.
Information on what funding is available for part-time students can be found here.
If you will be continuing a course at the University you will not be affected by the new fees and funding arrangements. For information on your tuition fees and the support available to you please see our current students section.
If you already hold a full honours degree qualification obtained in the UK, or from a University overseas, the tuition fee loan, living cost loan and living cost grant will not be available to you.
If you currently live in Wales, Scotland or Northern Ireland you will be able to apply for different support through your home government. Visit the following websites for further information:
- Students from Wales: www.studentfinancewales.co.uk
- Students from Scotland: www.saas.gov.uk
- Students from Northern Ireland: www.studentfinanceni.co.uk
To qualify for student finance as a student from England, you will need to meet all of the residence requirements. Generally, on the first day of the academic year in which your course starts, you must:
- be a UK national or have 'settled status' in the UK (under the terms of the Immigration Act 1971);
- be 'ordinarily resident' in England;
- have been 'ordinarily resident' in the UK, the Channel Islands or the Isle of Man for the three years immediately before starting the course.
For more information on eligibility for student finance visit Student Finance England.
Eligible full-time English students are able to apply for the following support from the Government:
Tuition Fees and the Tuition Fee Loan
Tuition fees for undergraduate home (UK) or EU students starting in 2012 are £8,500 (this will increase with inflation each year). All eligible full-time undergraduate students can apply for a loan to cover tuition costs. This loan is not income assessed and is paid directly to the University. You won’t have to start repaying this loan until the April after you finish your course, when you make repayments at a rate of nine per cent of annual earnings above £21,000 (this threshold will also rise with inflation).
If you prefer, you can arrange to pay your tuition fees without taking a loan, either in one payment before the start of term (an early payment discount is available) or via instalments throughout the academic year. Alternatively, you can pay part of your fees and apply for a reduced loan to cover the remainder. For more information about paying your fees visit our Tuition Fee pages.
Living Cost Loan
All eligible students are entitled to a living cost loan, also known as a maintenance loan, which has to be repaid. The living cost loan is available to full-time, English students under the age of 60 on 1 September (at the start of their course), who don’t already have a degree. The amount of loan you receive will depend on where you live whilst studying; whether you receive the living cost grant, and your assessed household income. The loan is paid directly into your bank account in three termly instalments and is available each academic year. An example of what you might receive is as follows:
Where you live while studying Loan amounts In the parental home Between £2,750 and £4,375 Elsewhere, for example Halls of Residence Between £3,575 and £5,500
The living cost loan is repaid in the same way as the tuition fee loan. For more information about the tuition fee and living cost loans visit Student Finance England.
Living Cost Grant
This is a non-repayable grant available to eligible full-time English undergraduates. How much you will be able to apply for depends on your assessed household income for the tax year ending April 2011 - the maximum grant is currently £3,250. The grant is paid in three instalments directly into your bank account. Grants will not be paid during paid placement years.
Household Income Living Cost Grant £25,000 or less £3,250 £30,000 £2,341 £35,000 £1,432 £40,000 £523 £42,600 £50 Over £42,600 £0
Grants are assessed on a sliding scale and these figures are for illustration only. For an estimate of the total support that you might receive visit Student Finance England.
University of Portsmouth Bursary
All eligible full-time undergraduate English students starting at the University of Portsmouth in 2012 whose assessed family incomes are below £25,000 will receive a cash bursary of £1,000 for each year of their course and a fee discount of £2,000 in their first year only. There will also be bursaries available each year to students with family incomes up to £42,600.
Household Income Bursary Up to £25,000 £2,000 fee discount in first year, £1,000 cash bursary in all years £25,001 to £32,000 £1,000 cash bursary in all years £32,001 to £42,600 £500 cash bursary in all years
The University of Portsmouth Bursary incorporates the National Scholarship Programme, and will be available to all eligible full-time English undergraduates. For more information see our bursaries page.
Repaying your loans later
You do not have to start repaying the tuition costs loan and living cost loan until the April after you finish university and only when you are earning over the minimum income threshold of £21,000 per year (from 2016). This threshold will increase with inflation each year. Repayments are set at nine per cent of your gross income above this threshold and are usually collected by your employer via the tax system. The repayments are based on your income alone, and the Government will write off any remaining student loan balance (except for arrears) 30 years from the April after you finish your course.
Annual Earnings Monthly Repayment Less than £21,000 £0 £25,000 £30 £30,000 £68 £40,000 £143 £50,000 £218 £60,000 £293
For more information about repaying a student loan see our repayments page. The calculator below has been provided by Student Finance England to give you an idea of what repayments would be for various careers:
You can also use the student loan calculator at the Money Saving Expert website to get an estimate of what you may be likely to pay back in total (please note that this is an external link and we are not responsible for the content).
How to apply
To apply for the funding detailed above visit Student Finance England. Students apply online, using one application form for all funding. If you do have additional requirements, for example children or adult dependants, a separate form will be sent to you. Once your application has been processed you will receive a notification letter from Student Finance England, confirming your loan and grant entitlement. To apply for the University of Portsmouth Bursary, simply agree to share your information on your application. By doing this, details of your household income will be shared with us at the University and our Academic Registry department will process your bursary application. You will receive a separate bursary notification letter from us. For more details on applying for funding see our How to apply page.
For a basic estimate of your support, use the Student Finance Calculator. For more information about how to set up an account, applying for funding and when you'll receive your funding you can watch these Student Finance England videos.
Cost of living
For more details visit our Cost of living in Portsmouth pages.
Amy applied for funding from Student Finance England, listen to her story about the application process and the support she received from the Student Finance Centre:
- Funding for 2012/13: FAQs (.pdf)
- Funding for your first year 2012/13 (.pdf)
- Funding at your fingertips 2012/13 (.pdf)