There are two main types of loan, tuition and maintenance – we’ll take each in turn.
Tuition fees
Undergraduate courses in England generally cost students about £9,250 a year.
That’s a lot for a young person (or their family) to cover, so the government offers to pay that outright, direct to the university, on their behalf.
This is known as your tuition loan – we’ll come to how this is repaid later.
