Reduced-rate student loan
If you get a bursary, you may also be eligible for a reduced-rate undergraduate student loan. This is not subject to a means test. You should apply through Student Finance England or Student Finance Wales. Rates differ between England and Wales and, in Wales, between those who started in 2018/19 or later and those who started before that academic year.
Reduced-rate student loan 2021/22
England | Full year | Final year |
London | £3,558 | £2,724 |
Elsewhere | £2,534 | £1,975 |
Parental home | £1,902 | £1,443 |
Wales (2018 cohort) | | |
London | £5,965 | £5,965 |
Elsewhere | £4,675 | £4,675 |
Parental home | £3,895 | £3,895 |
Wales (pre-2018 cohort) | | |
London | £5,363 | £4,102 |
Elsewhere | £3,815 | £2,973 |
Parental home | £2,862 | £2,175 |
The loan must be repaid after graduation, with the same repayment conditions as for other undergraduate students who started new courses in the 2012/13 academic year or later (see
here).