Student Finance
Welcome to the 118 student finance website where you'll find help and information on
managing your student finances from getting a loan to insurance and student grants.
You may also be entitled to some form of financial aid or bursaries that the government offer to low income households. Read up on what you may be entitled to before borrowing any money in the form of loans or expensive credit cards.
Approved Student Finance Companies
Of course the banks may be your first choice for finance loans but there are many government approved schemes such as student finance direct and the student loans company (sometimes referred to as the student finance company) that offer a competitive rate of interest that no bank can match. With the SLC you only pay back the finance once you have a full time job.
The best method is to start your search for student finance online where there is a wealth of information and you can complete your application forms from their websites.
Applying for Finance
You can apply online via the government's website or download the finance forms and send them in the post. Either yourself, your parents, partners, husbands and wives can complete the forms for you. New student forms are called PN1 whereas continuing students are PR1. If you are part time the form is PTG1 (and you also have to confirm if you are on benefits (CB1) and for parents and partners their form is CB2 (with additional clarification on income and earnings on CI2 and GSA1) Once the forms are complete you'll need proof of indentity which should be your passport - if you don't have one a birth certificate should be sent. Forms should be sent to your local authority or the Student Loans Company depending on your location. Full information and direct .gov address is on their website here
Student Bursaries
You may be eligible for a bursary or scholarship from your universary if you are from a low income home See more on student bursaries and what you may be entitled for.
Student Grants
You may be eligible for a student grant for maintenance or a special support grant to cover additional costs such as books and materials. See if student grants are available for you and your course.
Insurance
Whilst renting property it's likely you'll need to obtain your own insurance to insurer your possessions so check out our student house insurance guide to see what you need and what cover may be appropriate for you.
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