Paying for University

This section answers the question uppermost in the minds of many parents - "How much does university cost?" - and provides links to further sources of information.

The major expense when attending university is not tuition fees, but living expenses. However, when considering these costs, it’s always worth bearing in mind that a university education is an investment in your son or daughter’s future - helping to increase their career prospects and earnings potential in the long-term.

The good news is there is lots of support available that makes university accessible to everyone.

Tuition fees

Scottish students do not have to pay tuition fees, but still have to apply each year through the Student Awards Agency for Scotland (SAAS). Other UK students should apply through their Local Education Authority for loans and grants to pay for tuition fees.

More information:

For more information and to use our Funding Assistant tool, visit our Student Money website.

Sources of Finance

Student loans

The main source of support for UK students is the Student Loan, applied for through the links above. The amount of the loan depends on your annual income – the higher your income, the lower the loan amount.

Student Loans are paid directly into your son or daughter’s bank account in three instalments spaced throughout the academic year.

For more information, visit our Student Money website.

Other funding

Depending on your and your son or daughter’s circumstances, there are other sources of funding available in addition to the Student Loan. These include the Young Student’s Bursary, Hardship Funds and Loans, and Scholarships.

For full details, and to use our Funding Assistant tool, visit our Student Money website.

Budgeting for students

We’ve taken steps to help your son or daughter budget for university and manage their money sensibly. Our Student Money website includes an online budgeting tool and lots of advice and tips on good money management.