Mak Education

Student Finance England

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What is Student Finance?

Student Finance is a government-owned, non-profit organisation that was founded in 1989 to give loans and subsidies to students at UK universities, colleges, and training institutions. Student Finance helps UK/EU students financially to enhance their career through Further Education and Higher Education providing funds on behalf of the UK government, depending on their personal circumstances such as within the Maintenance Funds there are two separate grant amounts and these are dependent on the living conditions of the students. For instance, single applicants are entitled up to £12,000 whilst on the other hand possibly married applicants with children under 18 are entitled up to £18,000 within the maintenance fund scheme. Student Finance is crucial within the support of students studying Higher Education and Further Education. They do this by ensuring that they’re meeting demands and expectations for the well-being of the students and even themselves as a whole.

What are Student Loans?

A student loan is a sort of loan that is used to assist students in paying for post-secondary education and associated fees such as tuition, books and supplies, and living expenses.  Student Loans are specifically designed to help those that may need guidance and assistance so overall it is there to better the lives of many people.

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Why are there Student Loans?

Students Loans are there to assist students to pay for their higher education and the associated fees, such as tuition and living expenses. As a young adult, the student loan is likely to be the first loan that a student ever takes out. Therefore, it’s very important for them to have a good understanding of what they’re are entitled to and how they can apply.

How can someone be eligible for Student Loan?

There are a few factors that come into place as of regards of being eligible for student finance. These can be for example, your university, this meaning that with different universities there are different terms and conditions being presented to the students.

Another big factor that can depict the eligibility of a student is your nationality or residence status. This can be because you must be eligible towards public funds so that the government can firstly fund your course completely and so you can also claim maintenance funds at the same time. To be accessible for the public funds the person must have at least a settlement in the UK and if they’re not applicable then they can apply so that they are.

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