Tuition Fee Loan
If you are an undergraduate EU student you can apply for a tuition fee loan so that you do not have to pay your tuition fees while you are studying. You can apply for a Tuition Fee Loan to cover all or part of your tuition fees. The fee loan is not dependent on your household income. The amount you borrow is paid directly to the University on your behalf.
Applications for a Tuition Fee Loan can be made using the EU16N application form. It is advisable to apply as early as you can, preferably when you accept your offer of a place at the University (go FIRM). In this case, the Tuition Fee Loan will be paid directly to the University. If you apply for the loan after you start the course you will need to pay the initial fees yourself.
Repayments commence no earlier than April after you have finished University (as soon as your earnings exceed the repayment threshold). The repayment threshold depends on which country you live and work. The thresholds here are taken from Student Loans Company repayment information and are currently estimates that will apply from 1 April 2016:
|£8,400||Poland, Romania, Hungary, Bulgaria, Croatia, Lithuania|
|£12,600||Czech Republic, Estonia, Latvia, Slovakia, Malta, Slovenia, Portugal Greece|
|£16,800||Cyprus, Netherlands, Spain, Belgium, Austria, France, Germany, Ireland, Italy|
|£21,000||Luxembourg, Sweden, Denmark, Finland|
Repayments are made at the rate of 9% over earnings above the repayment threshold. As an example, if you live in Bulgaria and you earn £16,600 per year you will pay back 9% of the £4000 which is over the £12,600 threshold. This would be £360 per year or £30 per month. Any balance after 25 years is cancelled as long as you haven't missed any payments. Maintenance loans are not available for EU students.
Erasmus+ Master Loan
The Erasmus+ Master Loan is to help Master's students with their living and tuition costs when studying in a country other than where they live or where they took their first degree.
You can receive a loan of up to €12,000 for a 1-year Master or up to €18,000 for a 2-year Master (or equivalent amounts in foreign currency for banks in non-Euro countries subject to currency fluctuations).
To be eligible to apply for the Master Loan, you must be a resident of one of the Erasmus+ Programme Countries.
Faculty of Business and Law Postgraduate Scholarship
A number of scholarships are available for applicants joining a course within the Faculty of Business and Law on a full-time or part-time 180 credit postgraduate course (but not Distance Learning or 'top up' course) starting in September 2018 or January 2019.
You can apply to be considered if you:
- Are fully self-funding
- Have UK or EU nationality
- Have applied to, and been offered a place on, the campus based 180 credit postgraduate degree of your choice
- Have achieved, or are predicted to achieve, a 2:1 from your undergraduate degree, or have significant, relevant managerial or professional work experience. (If you are awarded a scholarship but then do not achieve a 2:1 you will no longer be eligible for the scholarship award)
- Have yet to start your postgraduate course at the University of Portsmouth. Scholarship applications cannot be accepted once you have started your course.
The scholarship will be in the form of 40% discount off any tuition fee relating to a full-time or part-time 180 credit postgraduate course, except distance learning or 'top up' courses. This discount cannot be taken in conjunction with any other discount or bursary offered by the University with the exception of the 2% early payment discount which is applied to the net value of the fee.
The deadline for all scholarship applications for September 2018 is Friday 29 June 2018.
The deadline for all scholarship applications for January 2019 entry courses is Friday 16 November 2018.