A number of factors come into play when estimating the cost of your Higher Education. Student loans are available to help with your living costs: of the total loan entitlement, 25% is means-tested, which means it depends on your household income. Your household income is assessed on the basis of whether you are a dependent or an independent student.
All student loans accrue interest which is linked to the rate of inflation in line with the Retail Prices Index. More information regarding interest accrual and the repayment of student loans is available at www.studentloanrepayment.co.uk.