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Tuition Fees

At Chester, the 2019-20 tuition fees for an undergraduate degree are £9,250* per year for all new, full-time undergraduates. Don’t worry, you won’t need to find the money to pay your fees upfront – you can apply for a Tuition Fee Loan to cover these. All new, undergraduate students are entitled to a loan of up to £9,250. The Tuition Fee Loan is paid directly to the University.

Living Costs

This includes things like rent and bills, food, travel and books. It is important to look carefully at how much everything costs and what you can afford. For example, at Chester we offer a range of accommodation designed to suit every budget. We also offer meal schemes, which can help you to budget and also ensure you eat regular and healthy meals. Compulsory field trips will be covered by your tuition fees, but it is also important to know that some courses will involve additional costs not covered by your tuition fees. This may include books, specialist equipment, travel to placements and optional field trips.

The Maintenance Loan is available for new, full-time undergraduate students to help pay for living costs. The loan is paid directly into your bank account at the start of each term.

The amount of Maintenance Loan you receive depends on:

1) Your household income
2) Where you live and study.

Use the student finance calculator to estimate your Maintenance Loan.

Grants

Find out whether you are eligible for any government grants to help with specific costs. This is money paid on top of your Maintenance Loan, which doesn’t usually need to be repaid.

The following grants are available:

Use the student finance calculator to estimate what extra student funding you may be eligible for.

Bursaries and Scholarships

Bursaries are a form of financial help in addition to student loans that do not have to be paid back. When you apply for student finance, you need to give consent for your information to be shared, in order to be considered for different universities’ bursaries and scholarships.

At Chester, we have a range of bursaries available such as the Chester Bursary, Care Leavers Bursary and Young Adult Carers Bursary. We also offer a Sports Scholarship and Music Scholarship, as well as financial support for Science and Engineering courses.

Repayment

The repayment threshold is currently £25,000 (however this is expected to increase in the future, in line with inflation), and you will only start to pay back 9% of your earnings above the threshold.

Loan repayments are not based on how much you have borrowed, but on how much you earn later. If your annual income drops below £25,000 for whatever reason, you stop repaying your student loan. It's easier to think of it more as a student tax, as opposed to a loan.

Debt free after 30 years

If you have not fully paid back your loan after 30 years, the outstanding amount is written off and you will not have to make any further repayments. 

Taking out a student loan does not affect your credit rating and will not show up on credit files (with the exception of students who started university before 1998 under the original loans system and defaulted). It also doesn't affect applying for a mortgage, but instead, lenders will look at how much you are repaying each month for affordability checks, to establish your ability for mortgage repayments.

The application process for Student Finance is fairly straight forward, and our main piece of advice is just to make sure to apply early!

 

The information within this blog mainly applies to new students who live in England and are planning to study full time. If you live outside England, there are differences in the way student finance is governed and support may vary.

*The University may increase these fees at the start of each subsequent year of your course in line with inflation at that time, as measured by the Retail Price Index. These fee levels and increases are subject to any necessary government, and other regulatory, approvals.

 

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