UK/EU Full-time Undergraduate Student Finance 2007 - Fitting it all together
Introduction
For many students, entering higher education for the first time means the start of taking financial responsibility for themselves. If you are heading off to university in October, you may be overwhelmed by the prospect of fees and costs associated with going to university and uncertain which loans and grants you may be eligible to apply for.
These pages are intended to be a general introduction to the financial aspects of studying full time at Loughborough University for UK and EU students entering university for the first time in 2007. You can follow the guide through from start to finish or jump to a specific topic using the menu on the left.
Channel Islands/Isle of Man
If you normally live in the Channel Islands or the Isle of Man, please contact the Bursaries and Scholarships Information Service for student finance information applicable to you (see the bottom of this page for contact details).
Non-UK EU Students
Non-UK EU students may find that some of the information in this guide does not apply to them. Where possible we have tried to indicate where this is the case, but we recommend seeking advice on an individual basis.
Directgov provides information for full-time EU student. Click here.
International Students
If you are an International Student, please refer to our main International Student pages where we have separate information for you.
Deferred Entry from 2005
If you are entering higher education in 2007 having deferred your entry from 2005 (as agreed prior to 1st August 2005) we are likely to have written to you about the tuition fee which you will pay on joining the University. You will not be eligible for the Loughborough University Undergraduate Bursary or a Merit-based Year-of-Entry Scholarship and may be subject to different forms of Government support. Contact the Bursaries and Scholarships Information Service (see contact details below) for student finance information applicable to you.
Where do I start?
This guide will take you through the major financial aspects of going to University, and, to make it easier to follow, is split into the three sections below. Click on one of the sections, or continue down the page to see each one in turn.
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What will university cost?
What will university cost?
The Cost of University
The main costs associated with University are the tuition fees, the cost of accommodation, and other living costs.
Tuition Fees
The tuition fee for the 2007/08 academic year for all full-time undergraduate degree courses, including the Science and Engineering Foundation Year, will be £3,070 for UK and EU students entering in October 2007. The fee will be subject to an inflationary adjustment in subsequent years. You will normally be given the option of taking out a loan to defer the payment of all or part of your tuition fee until after you have graduated and your income has reached at least £15,000. More details can be found here.
Accommodation and Living Costs
Depending on your choice of accommodation and your lifestyle, your living costs can vary dramatically, and are the hardest factors to accurately predict. It can be considered that the 'typical student’s' living costs at university are around £5,500-£6,000 per academic year. More details can be found here.
Where can I find the money?
Where can I find the money?
Sources of Finance
A variety of potential sources exist for financing your university career. You can use the links below to find out more about each type of finance.
Eligible full-time UK and EU undergraduates will be able to take out a tuition fee loan administered by the Student Loans Company. UK full-time students may also be entitled to a Government grant or maintenance loan. More details can be found here.
The University is making a generous package of bursaries available to eligible new full-time UK undergraduates. More details can be found here.
The University offers merit-based year-of-entry scholarships for certain courses. If you are an academic high achiever and are passionate about coming to the University, then you could be eligible for one of these scholarships. More details can be found here.
Finally, there are a number of additional sources of support which some students may be eligible for. If you have special needs or have dependants or caring duties, you may be able to receive an additional grant. More details can be found here.
Those with particular gifts for music or sport may be interested in applying for a scholarship. More details can be found here.
Fitting it all together
We have put together an example of a fictitious prospective student which you can compare with your own circumstances to gain a clearer idea of just how everything in the first two sections applies to your individual case. More details can be found here.
Still have questions?
Bursaries & Scholarships Information Service
We hope this overview has answered any questions which you may have about the cost of studying at Loughborough University and potential sources of financial support. If you have a specific query or you would like to make a suggestion to improve this guide, then please use the details below to contact the Loughborough University Bursaries and Scholarships Information Service.
Email : bursaries@lboro.ac.uk
Telephone : 01509 222477
Bursaries & Scholarships Information Service
Academic Registry
Loughborough University
Leicestershire LE11 3TU