Higher Education in The United Kingdom - Funding

Funding

See also: Tuition fees (UK)

The vast majority of United Kingdom universities are government financed, with only two private universities (the charitable University of Buckingham and profit making The University of Law) where the government does not subsidise the tuition fees.

British undergraduate students and students from other European Union countries who qualify as home students have to pay university tuition fees up to a maximum of £9,000. A government-provided loan is available which may only be used towards tuition fee costs. Welsh undergraduate students studying in a Welsh university have to pay a maximum university tuition fee of £1,200. However, if they choose to study outside of Wales they are subject to the same tuition fees as students from that country. i.e. if a Welsh student studies in England they pay £3,125. Scottish and European Union students studying in Scotland have their tuition fees paid by the Student Awards Agency for Scotland. Students are also entitled to apply for government-provided loans to pay for living costs, a portion of which is also means-tested. A new grant is also available, which is means-tested and offers up to £2,700 a year. As part of the deal allowing universities to charge higher tuition fees, all universities are required to offer bursaries to those in receipt of the full government grant. Different funding arrangements are in place for students on National Health Service (NHS) being eligible for a non-means tested bursary, while healthcare students on degree level courses are eligible for a means tested bursary, and are not eligible for the full student loan as a result of their bursary entitlement. Students living in the UK, if they are from non-European countries, have to pay the same fees as Overseas students at a very high rate, even if they have been in the UK for more than 3 years, without Indefinite Leave to Remain. Such students are not eligible for loan from the Students Loan Company either.

On 9 December 2010 the House of Commons voted to increase the cap on tuition fees to £9000 per year.

Students in Scotland, Wales, and Northern Ireland are also eligible for a means-tested grant, and many universities provide bursaries to students with low financial capabilities. Non-European Union students are not subsidised by the United Kingdom government and so have to pay much higher tuition fees.

In principle, all postgraduate students are liable for tuition fees, though a variety of scholarship and assistantship schemes exist which may provide support. The main sources of funding for postgraduate students are research councils such as the AHRC (Arts and Humanities Research Council) and ESRC (Economic and Social Research Council).

Read more about this topic:  Higher Education In The United Kingdom

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