Government loans and support

Everything you need to know about government loans and paying them back.

Loans are available from the government

Government loans are available to cover tuition fees and living costs.

You don't have to pay anything upfront and you don't start repaying your loan until you're earning more than the repayment threshold.

Find out more:

Tuition fee loans

The University of Sheffield Home (UK/EU) undergraduate fee for 2019 entry is £9,250. We haven't confirmed the fee for 2020 yet but we'll update this page as soon as we do.

The University will review tuition fees each year and they may increase for each year of study in line with inflation as specified by parliament. Eligible UK and EU students can apply for a tuition fee loan from the UK government to cover the full cost of their fees.

The fees to be charged by the University are updated on the University website and if there is any inconsistency between a print publication (such as the prospectus) and the website, the website should be taken as correct.

How much can I borrow?

You can get a loan to cover the full cost of your tuition fees for each year of your course.

Who's eligible?

All full-time students from the UK and EU provided you haven’t studied for an undergraduate degree, or the equivalent, before.

The UK government has confirmed that EU students starting their course in both 2019 and 2020 are eligible to apply for tuition fee support for the duration of their course.

The Gov.UK website has a full list of eligibility criteria.

How is it paid?

The government pays the money directly to the University in three instalments. The first instalment is paid when you register with us.

How do I pay it back?

It's taken off your salary automatically so you don't have to do anything. See paying it back, below, for more details.

When do I pay it back?

You don't pay anything back until you are earning more than the repayment threshold. From April 2019 to April 2020 the threshold is £25,725 a year.

Can I pay my loan off early?

Yes. There's no extra charge for paying off all or part of your loan early.

When do I apply?

Applications for full-time and part-time students starting in 2019 are now open if you're a from the UK or EU. You don't have to wait until you've been offered a place.

Applications for 2020 entry are expected to open February/March 2020.

Do my fees go up for each year of my course?

Your fees may increase by a small amount each year in line with inflation. The government announces this each year. However, if there is an increase, you won’t be required to do anything. Your tuition fee loan will automatically increase to reflect any changes.

How do I apply?

Fill in the form online:

Can I pay my fees upfront?

Yes, you have the option to pay all or part of your fees upfront. If you only pay part of the fee upfront, you can take out a loan for the rest.

NHS-related courses

Medicine and Dentistry (BDS) courses are funded by the NHS Bursaries Scheme from the 5th year onwards.

Maintenance loans

All eligible students can apply for a maintenance loan. The maximum amount available for September 2019 entry for students who live in England is £8,944 per year. Some of this amount will be dependent on your household income. Household income is defined as your family's gross annual income of the household you live in, minus some pension contributions and allowances for dependent children.

Maintenance loan values for 2020 entry haven't been confirmed yet, we'll update this page when they are. In the mean time use the 2019 figures below as a guide.

Students who reside in a devolved nation will be eligible for a maintenance loan, however amounts may differ to those listed below.

How much could you get?

Students living away from home

Household income

Maintenance loan 2019

£25,000 or less

£8,944

£30,000

£8,303

£35,000

£7,661

£40,000

£7,019

£45,000

£6,377

£50,000

£5,735

£55,000

£5,093

£60,000

£4,452

£62,215 or above

£4,168

Students living at home

Household income

Maintenance loan 2019

£25,000 or less

£7,529

£30,000

£6,895

£35,000

£6,260

£40,000

£5,626

£45,000

£4,991

£50,000

£4,357

£55,000

£3,722

£58,215 or above

£3,314

Students aged over 60

Household income

Maintenance loan 2019

£25,000 or less

£3,783

£30,000

£2,785

£35,000

£1,787

£40,000

£789

£43,703

£50

£45,000

£0

More information about maintenance loans

Who's eligible?

All full-time students from the UK provided you haven’t completed an undergraduate degree before. The figure above is based on what an English student, studying outside of London, might receive. Awards for students from Scotland, Wales and Northern Ireland will be slightly different.

Students aged 60 or over on the first day of their course will receive a reduced rate maintenance loan.

The Gov.UK website has a full list of eligibility criteria.

Students from the devolved nations

Students who live in the devolved nations can apply for support for their maintenance costs from their funding provider.

Find out about the loans available:

How is it paid?

By three instalments, straight into your bank account. The first instalment is paid 3–5 days after you register with us.

Paying back your loans

Your tuition and maintenance loans are added together so you make one monthly payment. Your monthly payments are based on 9% of whatever you earn above the repayment threshold set by the government. The threshold varies depending on where you are from. From April 2019 to April 2020 the repayment threshold for students from England and the EU is £25,725.

Your payments are based on what you earn, not what you owe. If your wages drop, this is reflected in your repayments. After 30 years, anything you haven’t paid back is written off.

Your payments don't come out of your bank account. They are deducted from your salary automatically, in the same way that income tax is. If you're self-employed, you'll pay through HM Revenue and Customs.

What about interest?

The information below has been confirmed form April 2019 to April 2020.

Interest is applied at the rate of inflation + 3% up until the April after you graduate. After that, if you are earning £25,725 or less a year, interest is applied at the rate of inflation.

If you are earning between £25,726 and £46,305 a year, interest is applied at somewhere between inflation and inflation + 3%, depending on exactly how much you earn.

When you are earning over £46,305 a year, interest is applied at inflation + 3%.

What if I lose my job or take a career break?

If your salary falls below £25,000, your payments automatically stop. Payments don't start again until you're earning over £25,000. This applies even if you decide to take a pay cut voluntarily.

Do I have to pay off my tuition and maintenance loans separately?

No, they're added together so you make one monthly payment.

What you can expect to pay back:

Your salary is You pay back 9% of Your monthly payment is
£30,000 £4,275 £32.06
£35,000 £9,275 £69.56
£40,000 £14,275 £107.06
£45,000 £19,275 £144.56
£50,000 £24,275 £182.06
£55,000 £29,275 £219.56
£60,000 £34,275 £257.06

 (students from England and the EU)

Additional funding

If you are a student parent, carer, have adult dependents or have a disability then you may qualify for extra funding.

Support for student parents

Full-time home students, with children in registered or approved childcare, may be eligible to apply for a Childcare Grant to help with these costs in term time and holidays. You may also be eligible for a Parent's Learning Allowance to help with course related costs. This is on top of any Child Tax Credits you're eligible for.

Both the grant and the allowance are based on your household income and you don't have to pay the money back.

When you make your application for funding, indicate that you wish to apply for these. The government will then send you the appropriate forms.

Support for students with adult dependents

If you have a partner or another adult who depends on you financially, you may be eligible to apply for the Adult Dependants’ Grant.   

You apply for the grant as part of your application to Student Finance. The amount you receive is dependent on your household income and doesn’t have to be paid back.

Grants for students with a disability

If you have a disability or specific learning difficulty such as dyslexia, you can apply for a Disabled Students’ Allowance (DSA) to help pay for any equipment and support you need.

Full-time students are eligible for DSAs on top of any other loans, grants and bursaries. They’re not based on your household income and you don’t have to pay this money back.

When you make your application for funding, indicate that you wish to apply for a DSA. The government will then send you the appropriate form.

More about Disabled Students' Allowances (DSAs)

Contact

Financial Support Team

For specific questions about fees, bursaries, scholarships and financial support.

funding@sheffield.ac.uk
+44 114 222 1319

Advice Centre

For general advice, support and representation to help our students resolve their problems.

advice@sheffield.ac.uk
+44 114 222 8660