Student Loans For Parents In UK

Parents who are willing to take a loan for their student can get the basic information they need to apply one, in this page. This page provides services and information for parents and partners of students in Higher Education, and elaborate role if you provide financial support for a student.

• The Higher Education Act in UK gives the National Assembly for Wales powers to decide what levels of tuition fees and student support will apply in Wales. The Wales Assembly Government will be implementing these powers for the start of the respective academic year and providing student finance services, in partnership with the Student Loans Company and Local Authorities, under the 'Student Finance Wales' brand.
• Students can apply for a loan to cover the exact amount that the university or college charges for a course and the money will be paid directly to the university or college to cover the cost of fees.
• Student Loans are available to students to help with living costs which may include accommodation, food, clothes, travel etc. Interest is charged at the rate of inflation, so the amount the student repays will be equal in value to the amount borrowed.
• Students normally living in Wales but studying elsewhere in the UK will not be permitted to a tuition fee grant. They will be charged fees according to the fee regime of the country in which they study, and set by their institution. However Student Finance Wales will provide a loan to cover these fees.
• There are further grants available in certain circumstances for full-time students normally living in Wales. You may be entitled to the following support from the Welsh Assembly Government:
• If you come from a lower income household, you may be eligible for a maintenance grant from the Welsh Assembly Government. Grants do not have to be paid back.
• These are available through universities and colleges. The fund enables the institutions to provide discretionary assistance to students who are experiencing financial difficulties, or who might not otherwise have been able to afford to enter or remain in higher or further education.