What your award amount will be based on
The amount you can get depends on whether you're an independent or dependent student. The maximum we’ll pay towards tuition fees will be £9,250 for a £10,750 course or £7,750 for a £9,250 course. This is excluding any medical based degrees.
If you’re an independent student, the amount you receive will be based on the estimated annual gross income of you and your partner or spouse (if applicable) based on the academic year in which your course starts.
If you’re a dependent student, the amount you receive will be based on the annual gross household income of the year before the academic year in which your course starts.
Find out more about independent and dependent students below.
Who is eligible for student finance
How funding works
Funding is made up of maintenance grants and tuition fees.
The maintenance grant for academic year 2018 / 19 is capped at £6,000 or for a standard course £2,987 for a dependant student studying an on Island course.
Additional sums are allowed for periods in excess of the standard academic year.
Based on a £10,750 course, the maximum we’ll contribute towards tuition fees per academic year will be £9,250.
Based on a £9,250 course, the maximum we'll contribute towards tuition fees per academic year will be £7,750.
You’ll have to contribute at least £1,500.
Parents' payments towards tuition fees
If your household income is below £34,000, you’ll receive the maximum amount of help towards tuition fees for that academic year (£7,750 based on a course costing £9,250 or £9,250 based on a course costing £10,750 for 2018 / 19) and the maximum grant available.
If your household income is between £63,500 and £101,500 you will receive some assistance towards fees, but won't receive a maintenance grant.
If your income is over £101,500 unfortunately you would not be entitled to receive any financial assistance towards fees or living expenses, but you can still apply for the loan.
To get an idea of what you will receive from Student Finance, you can use the following calculation:
(Gross income of £46,750 minus £34,000) x 20.25% = £2,582
Towards living expenses: £6,000 minus £2,582 = £3,418
Towards tuition fees: £7,750 minus £0 = £7,750
A student would receive from the Education Department: £3,418 towards living expenses and £7,750 towards tuition fees.
(Gross income of £75,000 minus £34,000) x 20.25% = £8,302
Towards living expenses: £6,000 minus £8,302 = - £2,302
Towards tuition fees: £7,750 minus £2,302 = £5,448
Student would receive from the Education Department: £0 towards living expenses and £5,448 towards tuition fees.
If you have more than one child at college / university at the same time
If you have more than one child at university at the same time, the assessment is slightly adjusted.
Contact Student Finance for more information.
Maximum parental contribution
You’ll be treated as a maximum parental contributor if:
- you don’t complete or submit an income statement form
- your joint net capital assets, excluding your main residence (eg other properties, stocks, shares, bonds, good will of a business, tangible or moveable assets) are above £500,000
- your household income is above £101,500 (based on one student at university)
If you’re a maximum contributor, you’ll be responsible for your child’s living expenses and tuition fees.
The parental income we will consider
Parental contributions are required from the actual or legally adoptive parents.
If a parent is divorced or legally separated and is now living with a partner or remarried, that partner's income will be taken into account when assessing the award.
You’ll need to tell us if you’d prefer the student's natural parent to declare their income instead of the partner's.
Income and assets used to determine funding
- gross income from all sources
- income under a trust arrangement
- business profits (losses aren't taken into consideration)
- shares in either a public or private company
- any beneficial ownerships or holdings in a business
- any beneficiaries of any trusts
We'll request a copy of certified accounts or any other details that may be needed to assess an award.
We won’t grant awards based purely on an income basis if your capital assets and general financial position are considered good enough to meet the expenses involved.
In exceptional circumstances, eg where a parent dies, becomes seriously ill, is unable to work or has been made redundant through compulsory redundancy, we can take income for the current year into account if the income has been reduced by 20% or more.
Exceptional circumstances don’t include retirement or the decision to give up paid employment.
Scottish universities and those outside the UK
Funding for courses undertaken at Scottish universities or outside of the UK will be restricted to the equivalent level of funding for a similar course at an English university.
We reserve the right to decline, suspend or withdraw an award, in accordance with the published criteria.
This would include situations where Student Finance is not satisfied that the financial details provided are accurate, complete and made in good faith.
For detailed information on the criteria for higher education funding, download the guide.
Guide to Higher Education Awards Academic Year 2017 to 18