For the first time students who are studying part-time or through the Open University can apply for a student loan to cover the cost of their tuition fees.
This means that, just like those studying full-time, part-time students no longer need to pay upfront for their studies.
If you?re a part-time student at a publicly-funded university or college, you can apply for a loan of up to ?6,750. Those based at privately-funded institutions are entitled to slightly less ? up to ?4,500.
You don?t need to pay the loan back until you are earning at least ?21,000. Repayments start in the April four years after the start of your course or the April after you leave your course ? whichever comes first.
To qualify for a loan, you must be studying at a course intensity of at least 25% of the full-time equivalent per year. This means you cannot take more than four times the time it would take to complete the course if studied full time ? up to a maximum of 16 years.
If you?re thinking of applying, it?s a good idea to send off your forms as soon as possible to ensure your loan arrives before the start of term.
You don?t need a confirmed university place to do so ? instead you can give details of your first choice.
Continuing part-time students will be contacted by Student Finance England around the middle of August and their application form will be available to download from 3 September 2012.
How to apply:
? You can complete your application by downloading a form from the Student Finance England website or by asking your university or college for an application pack
? There?s plenty of information on the SFE website including video helpers and quick guides but if you do get stuck, SFE host regular student finance surgeries on Facebook, answering your part-time and general queries
? If you?re starting at the Open University, you can find more information about the ways to pay for part-time study here
Source: http://reignacademy.com/part-time-students-now-entitled-to-student-loans/
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