Student Loan rates 2014/2015
Student Loans are available to eligible full-time students doing a higher education course in the UK. This page tells you the maximum rates for students from Northern Ireland (NI) over 2014/2015.
Student Loan for Tuition Fees: Maximum rates for students studying in the UK
The maximum you’ll have to pay for tuition fees depends on when you started your course - and so does the maximum loan you can get.
New students and students who started in or after September 2006
For new students, students who started from 2007/2008 and most who started in 2006/2007, the loan will cover the full amount charged for tuition fees. This means up to £3,685 for students studying within Northern Ireland, and up to £9,000 for students studying in the rest of the UK.
Students who started before September 2006
If you started your course before September 2006 (or if you are treated as having started then), you may be able to get a Fee Grant to help with the contribution you have to make towards your tuition fees.
Depending on your household income, this could mean up to £1,465 - the full Fee Grant for 2014/2015.
If you only qualify for a partial Fee Grant, you can apply for a fee contribution loan to cover the difference.
Student Loan for Tuition Fees: Maximum rates for students studying in the Republic of Ireland (RoI)
New students starting a course in the RoI in 2014
New students from NI starting undergraduate courses in the RoI will be eligible for a loan to cover the full cost of the student contribution charge, which is €2,750 (£2,333.65) in academic year 2014/15.
Students who started before September 2013
If you started your course in the RoI before September 2013, you will continue to be eligible for a non-means tested non-repayable grant to cover the student contribution charge.
Student Loan for Maintenance: maximum rates for students studying in the UK
The basic student loan is £3,750 for those Northern Ireland students living and attending college at home, £6,780 if the course is in London and £4,840 for those living elsewhere. 25 per cent of the loan is means tested.
Student Loan for Maintenance: maximum rates for students studying in the RoI
The loan rate is the same regardless of whether you began your study in the RoI before September 2014 or after September 2014. If you are living away from home the maximum loan will be £4,840 and if you are living at home the maximum will be £3,750.
For more detailed information on the new arrangements for NI students studying in the RoI, please follow the link below:
- Arrangements for students commencing courses in the the Republic of Ireland in Academic Year 2014-15
For information on how income assessment works and how to apply, follow the link below:
Tuition Fee loans for students attending Private Institutions
If you are a Northern Ireland student attending a higher education course at a Private Institution, you should be aware that for certain Private Institutions, you will not receive the full tuition fee loan support to cover your tuition fees.
You will be responsible for funding the difference in the additional cost of your tuition fees. The onus is on you to find out what tuition fees are charged by the Private Institution and what tuition fee loan support is available from the Education and Library Boards before you start the course.