How it's paid
The Tuition Fee Loan is paid directly to the university or college in 3 instalments during the academic year.
Students need to register at their university or college before we can make their first payment.
The first two payments are each 25% of the total amount borrowed. The final payment is the remaining 50% of the total amount borrowed.
Example
A student borrows a Tuition Fee Loan of £9,250, this will be paid to the college or university in the following payments:
Payment | % of total amount borrowed | Amount paid |
1 | 25% | £2,312 |
2 | 25% | £2,312 |
3 | 50% | £4,626 |
Total amount paid | £9,250 |