Fees and Funding Explained
Going to university is a life-changing step but it ‘ s important to understand the costs involved and the funding options available before you start. With no fees to pay upfront for eligible UK undergraduates, a university education should be affordable for all. Our Advice Service is here to help you, offering comprehensive information and advice about all aspects of student finance and funding.
Tuition Fees and Loans
At the University of Lincoln, UK student tuition fees for 2022 undergraduate entry are ?9,250 per year full-time or ?77 per credit point for part-time study.* Most students cover the cost of full-time fees by applying for a Tuition Fee Loan. If you apply and meet the eligibility requirements, the Student Loans Company pay this loan directly to the University to cover your tuition fees.
Repayments for your student loan will not begin until you finish your studies and are earning at least ?27,295 a year, ?2,274 a month, or ?524 a week. The amount you repay will depend on how much you earn, regardless of what you borrow. The current rate is nine per cent of income above the relevant threshold. (more…)