Universities are principally funded by HEFCE the Higher Education Funding Council for England, with additional funding from student tuition fees. From September 2012 HEFCE withdrew a great deal of funding meaning that a greater amount of funding is required from student tuition fees.
For any student applying to University now, fees will vary between £6,000-£9,000 depending on the course and University. Our fees for all undergraduate courses are £9,000.
Undergraduate tuition fees for international students, for most of our courses, are £11,200. International students are those from outside the UK or European Union (EU). EU students are charged at the same rate as UK students. You can find more information about fees, costs and funding for international students by following this link.
Tuition fee loans are available to all students entering full time higher education and these cover the tuition fees in their entirety. Students can also acquire Living Cost Loans and Living Cost Grants which are intended to help with the extra costs of University such as accommodation, travel, food, buying books and materials. How much students will get depend on where they are studying, where they will be living and family income. Both loans need to be paid back, but the grant is non-repayable.
The important thing to know is that no student should feel discouraged from pursuing higher education because of financial concerns – there is help available.
Many students worry about repaying loans but the process is very simple. Students only start repaying their loans (the Tuition Fee Loan and Living Cost Loan are added together) after they graduate and only when they are earning above £21,000. If the student earns less than £21,000 once they graduate, they won't start repayments – and if their earnings ever drop below £21,000, repayments stop.
The repayment rate is 9% of the student's annual income above £21,000. So for example, if a student earns £25,000, that 9% will be deducted from the £4,000 above £21,000 they are earning. This is just £30 per month and is very manageable.
The rate of interest will rise with graduate earnings. If the loan is not fully repaid thirty years after graduation, it will be wiped.
These are extra sums of money provided by universities to help students and these do not need to be paid back. At Middlesex we offer a range of scholarships which are awarded on a wide set of criteria including family circumstance, academic performance and sporting excellence. Take a look at our Scholarships, awards and bursaries page to find out more.
If you have any questions or concerns, please email our knowledgeable enquiries team or call us on +44 (0) 20 8411 5555 (Option 1) Monday to Friday 9am to 5pm.