Student Loans Guide
The maximum amount you can claim for 2011/2012 is as follows:
- Students from England: £6,475
- Students from Wales: £6,480
- Students from Northern Ireland: £6,475
- Students from Scotland: must contact the SLC to determine the maximum loan available to them.
All student loans are giving by the Student Loans Company Limited. The Student Loans Company Limited is a non-departmental public body of the United Kingdom government. Basically, this means the money is coming from the government.
The rate at which the student loan is paid back depends on:
- the amount borrowed
- the interest charged.
The interest is linked to the rate of inflation and is adjusted each year in line with the Retail Prices Index (RPI).
From September 2012, student loans will be rising in alignment with the proposed tuition fees increase up to a maximum of £9,000.
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