Student Finance 2023/24

What does SFE stand for?

• Student Funding Education

• Student Finance England

• Student Funding England

What is a Tuition Fee Loan?

• Money paid directly to a University on your behalf to cover the cost of your studies

• Free money which doesn't need to be paid back

• Money given directly to you to pay for your course costs

What is a Maintenance Loan?

• Money to live on, which you don't have to pay back

• A standard payment that all students are eligible to receive

• Money to live on, which you do have to pay back

What is meant by 'household' income?

• The income of everybody that lives in your home

• Either your parents or partner that you live with

• Your personal income

How many instalments are Maintenance Loans paid in?

• 1

• 3

• 5

To ensure you receive your first Maintenance Loan instalment in September, you need to have completed your Student Finance application by...

• January

• March

• May

When will you start repaying your Student Loan?

• Immediately after you finish studying

• When you are earning over the threshold

• When you get a job

What is the 2023/24 threshold for Student Loan repayments?

• £27,295

• £30,000

• £25,000

• £22,300

When you exceed the repayment threshold, how much will your Student Loan repayments be?

• £0

• 9% of anything you earn over the threshold

• 9% of your total income

• Whatever you choose

As a graduate, what would be your estimated monthly repayment if you are earning £31,000 per annum?

• £97

• £138

• £45

• £214