1. Tuition Fee Loans

Mature students studying for their first undergraduate degree are eligible for a tuition fee loan from Student Finance England (or equivalent bodies in Scotland, Wales, and Northern Ireland). This loan covers the cost of tuition fees, which can be up to £9,250 per year at most universities in the UK.  The Govt. funded Courses loan is paid directly to the university and does not need to be repaid until after you have graduated and are earning above the repayment threshold.

2. Maintenance Loans

Maintenance loans are designed to help with living costs while studying, such as rent, food, and travel. The amount you can borrow depends on factors like your household income, where you study, and whether you live at home or away from home. In the 2023/24 academic year, students living away from home (outside London) could receive up to £9,978 per year, while those living in London could receive up to £13,022.

Note: If you have dependents, you may be eligible for additional support beyond the basic maintenance loan.

3. Grants and Allowances for Students with Dependents

Many mature students have children or adult dependents, and there are several forms of non-repayable support available:

• Childcare Grant: Covers up to 85% of childcare costs (maximum limits apply).
• Parents’ Learning Allowance: Helps with the additional costs of being a student parent.
• Adult Dependants’ Grant: Provides support for students with financially dependent adults.

These grants are income-assessed but do not need to be repaid.

4. Disabled Students’ Allowance (DSA)

If you have a disability, mental health condition, or specific learning difficulty (such as dyslexia), you can apply for Disabled Students’ Allowance. This financial support is not income-assessed and can cover costs for specialist equipment, non-medical helpers, and other disability-related study expenses.

5. Bursaries, Scholarships, and Grants

Many universities and external organizations offer bursaries, grants, and scholarships specifically for mature students. These awards can be based on financial need, academic achievement, or specific personal circumstances. It’s worth researching options at your chosen institution and applying early, as some funding is limited.

6. Career Development Loans and Employer Sponsorship

If you are studying a course to further your career, you may be eligible for a Professional and Career Development Loan (PCDL). These are bank loans designed for education and training, though they have largely been phased out in favor of more flexible student loans. Alternatively, some employers may offer financial sponsorship or funding for employees who are studying to develop work-related skills.

1. Budget Carefully: Create a realistic budget that includes tuition, rent, bills, food, and personal expenses. Use apps like Yolt, Mint, or Monzo to track spending.

2. Research Funding Early: Apply for loans, grants, and scholarships as soon as possible to avoid delays.

3. Consider Part-Time Work: Many mature students balance part-time jobs with their studies. Universities often offer flexible on-campus jobs.

4. Save on Living Costs: Explore student discounts for travel, entertainment, and shopping. NUS Totum cards, Railcards, and local deals can save you money.

5. Seek Financial Advice: Speak to your university’s student finance office for tailored support and advice.