All Welsh applicants will be charged up to £9,000 per year for all full-time courses, irrespective of whether you study in Wales or not. The amount charged may vary between courses as well as between universities or colleges – check the amount your university or college will charge on their websites. Two important things to note here: you will never have to repay anything until you earn over £21,000 a year; and there is nothing to pay upfront. A tuition fee loan and grant is available from the Welsh Government, via Student Finance Wales and they will send the money directly to your university.
You may choose to take out a Tuition Fee Loan of up to £3,900 to cover the initial tuition fee costs. This is a loan so you will have repay this amount once you earn over £21,000 per year. If you’re sharp when it comes to maths, you’ll probably have worked out there is a shortfall – if universities are charging you £9,000 per year, then where is the rest of the money going to come from?! Welsh students also have access to a new Fee Grant where you can apply for a grant of up to £5,100 to cover the difference. This is money which you do not have to repay. The Student Loans Company will pay the fees directly to your university or college on your behalf so you don’t have to worry about anything.
On top of the support you receive to help with tuition fees, you will also receive help with funding your living costs. Maintenance loans and grants are designed to help with the cost of living whilst you are at university. The amount of loan and grant you receive is dependent on household income, but the maximum loans available are listed below.
- £8,662 – if you live away from home and study in London
- £6,183 – if you live away from home and study at a university or college outside of London
- £4,786 – if you live at home
- £7,327 if you spend a year abroad as part of your course
You can also apply for an Assembly Learning Grant which is non-repayable money (free money) from the Government and is dependent on your household income. You can receive up to £5,161 if your household income is below £18,370; and a partial grant if your household income is between £18,370 and £50,020.
Remember that you can only receive this grant if your income is assessed – this means that your entitlement to a maintenance loan will be reduced depending on the amount of your grant.
If you have children or dependent adults, or you have a disability, you may qualify for extra help on top of your main student finance package. Part-time students may also apply for grants to help with the cost of study. The amount of support you receive is dependent on your circumstances and household income, but it’s worth enquiring with your university and Student Finance Wales to check how much you could receive.
You do not need to a confirmed place at university to apply for student finance: you can enter your first choice university on the form, and update once you know exactly where you will be going.
The quickest and easiest way to apply for financial support is online at www.studentfinancewales.co.uk. Applications should be completed as soon as possible to avoid any delays in processing your form and making your payments. You can also ring Student Finance Wales on 0300 200 4050.