Parents & Carers > Financial Support
Financial Support
There has been a lot of information in the press about the changes to financial support for people going to university. This information has alarmed some parents and carers, but if your family is on a low income your child could receive more financial support than before to go on to higher education (HE). This does include a student loan, but the money is not paid back until the student is earning – and earning a reasonable amount.
Students studying at university have two main costs:
- 1) Tuition fees
- 2) Living costs – including books etc.
They can get help from three sources:
- 1) Student loans to cover tuition fees and maintenance – repayable when they start work
- 2) A maintenance grant – this is not repayable
- 3) A bursary from their HE institution – not repayable
