While youвЂ™re studying, interest in your loan is charged during the present price of RPI (retail price index) plus 3% while the rate varies once youвЂ™ve finished your studies according to your salary. The Student financial institution has greatly detailed facts and numbers for you personally on repaying your student loan.
It is worth being conscious that after you have graduated, it will be wiped out if you havenвЂ™t repaid your student loan 30 years.
Grants, bursaries and scholarships
They are nevertheless available, but just in some circumstances.
If youвЂ™re medicine that is studying dentistry, nursing or health care courses you may well be qualified to receive NHS bursaries that you donвЂ™t have to pay off, to your tuition charges and bills. [Read more…]