“Hi I’m Zoe Daddy, Bishop Burton’s Higher Education Student Finance Officer.
Are you thinking, this all sounds great, but how can I afford it?
Well, let me explain....
Like Finance Officer’s in all colleges and universities, I'm here to help students work how they can to pay for their studies, apply for bursaries, loans and support funds. We’re here to make sure everyone has a chance to study at a higher level.
So, point number 1:
You can apply for a Student Loan to pay for your tuition. You only start paying it back when you earn the salary threshold – this is currently set at just over £27,000 a year.
Point number 2:
You only have to pay back 9% of the total loan amount on anything you earn above £27,295... this means you don’t have to start re-payments for your student loan until you start earning over the threshold amount. This makes it seem much more doable, right?
Point number 3:
If, after 30 years you haven’t paid off your full loan, it will be written off by Student Finance England.
If you visit Student Finance England, you can find out more about how to apply for a student loan.
You can also find out if you’re eligible for additional support such as a maintenance loan to cover your living costs... definitely worth looking into.
There’s lots of options and different types of support out there – so do your research, ask the questions and be open minded.”
Learn more about student finance at our dedicated Higher Education open event on Saturday 4th December, 10am – 1pm.
CLICK HERE to register.
