Student Finance Quiz

What are the two main costs you will have at university?

• Tuition fees and living costs

• Fancy dress outfits and baked beans

• Tuition fees and accommodation costs

• Tuition fees and transport costs

How do most students fund their time at university?

• Student loan/maintenance grant

• From a part-time job

• From their parents

• Credit cards and loans

Answer explanation

Although B & C are also options, this is not the case for the vast majority of students. Option D is not often a recommended method for funding your university education as it comes with its own risks.

How are maintenance loans paid?

• Cash

• Directly into your bank account

• A cheque in the post

• Carrier pigeon

How are tuition fee loans usually paid?

• Directly to your bank account

• A cheque in the post

• Directly to the university

• Cash

Currently, how much are tuition fees per year?

• £9250

• £8250

• £7250

• £6250

When do you start repaying your maintenance and student loans?

• Immediately after graduating

• The April after you’ve graduated

• A year after you've graduated

• Once you are earning over the repayment threshold for your type of loan

How many instalments are loans paid out in?

• Once a year

• Twice a year

• Three times a year

• Four times a year

When are loan instalments paid out?

• At the start of the semester

• At the start of the month

• At the end of the semester

• At the end of the month

What is NOT a good way to earn more money if your maintenance loan isn't enough?

• Use your interest-free overdraft

• Apply for bursaries, scholarships and grants

• Get a part-time job

• Take out an extra loan

You can only receive your student finance...

• Once you move into student accommodation

• If you ring student finance

• If you don't sign and return the declaration form

• When you fully enrol on a university course