| As the rates of higher education is on the rise, | | | | that is run by the Student Loan Company with the |
| student loans are now becoming more and more | | | | help of the government authorities, directly to the |
| essential to any student who intends to pursue good | | | | universities or colleges. Any student intending to apply |
| higher education. Any student living in England can | | | | for the student loan for tuition fees has to check |
| obtain higher education loans to meet his educational | | | | whether the course selected by the student is eligible |
| as well as maintenance costs through the | | | | for the loan. |
| government or from the universities. | | | | Maintenance |
| The full time student loan granted by the | | | | Another type of government student loan available |
| government is more helpful to the student as they | | | | to the students in UK is financial cover for |
| do not have to pay back the money until the | | | | maintenance. This can also cover all the necessary |
| completion of the course or till the student starts | | | | maintenance costs like accommodation charges, |
| earning a pay of more than £15,000 per year. | | | | transportation charges, stationary charges etc. |
| Apart from this, the grants or bursaries obtained by | | | | These types of loans are also issued by the Student |
| the full time students from the universities and | | | | Finance Direct and are paid to the bank account of |
| colleges need not be paid back. The different types | | | | the student in three installments at the starting of |
| of higher education student loans that the | | | | each term. |
| government offers are: | | | | The amount that a student can borrow for |
| Tuition fees | | | | maintenance may vary depending on different |
| A student living in UK is eligible for higher education | | | | factors like the household income, place of stay while |
| student loan if the person is doing undergraduate | | | | studying and the year of the course. If a student is |
| degree or post graduation in teacher training and the | | | | already getting a maintenance grant, then the |
| tuition fees loan will cover either the entire tuition fee | | | | amount that can be borrowed for maintenance from |
| amount or in part. The student loans for tuition fees | | | | the Student Finance Direct service is lesser. |
| are issued by the Student Finance Direct, a service | | | | |