Finances for university can look like a minefield, but getting to grips with the system is relatively straightforward, says Rob Fowler, the co-ordinator of the student money advice and rights team at the University of Derby. The key: apply for loans early, prioritise accommodation costs and don’t ignore budgetary warning signs.
The first step is to cover course fees, which most students will do via a loan from the government. The tuition fee loan, which is not means-tested, is paid directly to the university; once students have applied and been approved, they don’t really need to think about it again until it needs to be repaid — more on this shortly.
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