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Student finance (tuition fee and maintenance loans)

Student finance (tuition fee and maintenance loans)

Funding your undergraduate degree has never been easier. All UK/EU citizens and some Non-EU citizens, depending upon Visa Status, who are studying an undergraduate degree for the first time are eligible for financial support from Student Finance England.

Depending on your circumstances, you can apply for a:

  • Tuition Fee Loan: Paid directly to GSM London by Student Finance England to cover the cost of your degree programme. You will only start repaying this loan once you complete your studies and are earning a minimum of £21,000, at an interest rate of 9% on any earnings above £21,000.

  • Maintenance Loan: Paid into your bank to help you cover your living costs while studying. The amount that you will receive is based upon your household income. The loan is repayable, which means that after you graduate and are earning over £21,000 you will begin making repayments; these are paid at the same rate as the Tuition Fee Loan. 

How to apply for student finance
You can apply for student loans online using the Student Finance website. The process can take up to 12 weeks, so it’s best to apply as soon as you know you will be studying at GSM London. 

Please note that you will need to apply for student finance every academic year for the duration of your degree, as you can only apply for one academic year at a time.

Student finance Wales and Northern Ireland

Students from Wales need to apply for student loans through Student Finance Wales, regardless of where they’re studying in the UK or if they hold a UK Passport. However because GSM London is a private institution, Student Finance Wales will not finance our programmes as we do not have the designation on the Higher Education Institution (HEI) database.

If you are a student from Northern Ireland and would like to attend a course within a private institution in London, you should be aware that for certain private institutions, you will not receive the full tuition fee loan support to cover your tuition fees. The fees that are awarded by Student finance NI for private institutions are £3,805 — you will be responsible for funding the remainder of your tuition fees.

Self-funding students
If a loan from Student Finance England is not for you, you have the option to pay for the programme yourself. At GSM London, all undergraduate students can pay for their studies through an interest-free payment plan. Get in touch with one of our student finance advisors to find out more.

Our Finance Team is here to help
For advice regarding how to apply for funding or to discuss a payment plan, please contact the Finance Team for further information.

Phone: 020 8003 3803

Greenwich Campus 
Greenford Campus 

Useful tools

Student finance calculator
Estimate your student loan and if you could be eligible for extra support by using the student finance calculator.

Loan repayment
See how much you will need to pay back each month once you are working. You will not have to pay anything back until you are earning over £21,000 a year. View student loan repayment information > 

Just so you know
The UK Government’s Department for Education (DfE) requires alternative providers to undergo annual monitoring as a condition of continued designation of its programmes. This designation allows eligible students to access support from the Student Loans Company. If this annual monitoring is not successful, the designation of programmes may be withdrawn and students would not be entitled to funding from the Student Loans Company. In all previous annual monitoring, GSM London has been successful in maintaining designation for all its programmes.