Thinking about Higher Education can be daunting, especially when it comes to financing your degree. These days, studying, especially at stage school, can be really expensive. But fear not – as BRICTT’s BA (Hons) in Acting and Performance is a fully accredited degree course, you may be able to borrow money to pay for your tuition fees and help with living costs.

Most full-time and part-time students can apply online to Student Finance England. You don’t even need a confirmed place to apply!

Tuition Fee Loan

Tuition fees are the amount your university or college charges each year to attend your course. A Tuition Fee Loan goes towards paying your fees, which means you could borrow up to £6,165 each year. The Tuition Fee Loan is paid directly to your university or college in three instalments throughout the academic year.

Maintenance Loan

This helps with your living costs and is paid to you in three instalments throughout the academic year. The maximum amount you can get depends on where you live, where you study and your household income. Everyone who is eligible for student finance, regardless of household income, will be entitled to at least some Maintenance Loan, but you can apply for more based on your household income.

The easiest way to apply is online – it’s quick and secure. When it’s time, just go to the student finance application page. You should apply as soon as the application service opens to make sure you get your money in time for the start of your course.

Don’t worry if you haven’t accepted a place at university or college yet. You can apply using your preferred choice and update the details later.

You have to apply for student finance for each year of your course. If you’re a continuing student, just go to the student finance application page and log into your account.

Repayment

You might not be thinking about how you’ll repay your student loan right now, but it’s really important to understand exactly what’s involved, for when the time comes to repay. When you finish your course you need to repay any loans you’ve borrowed – but not until your income is over the current repayment threshold of £21,000 a year, £1,750 a month or £404 a week.

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