Check if you’re eligible for an undergraduate student loan and find out how to apply
Ready to begin your journey with us? Student finance provided by the UK government could help you afford the degree you need to take the next step towards your dream job.
Online undergraduate degrees at LIBF are already more affordable than many traditional on-campus courses. And with an undergraduate student loan, you won’t have to pay for anything upfront. You can focus on your studies without worrying about your finances.
Read on to find out all you need to know.
Benefits of undergraduate student loans
Pay nothing upfront if you're eligible
As long as you apply at least six weeks before, you’ll have your funding in time for your course. With the flexible start dates at LIBF, you just need to decide when you want to begin and apply in plenty of time.
Start repayments when you're earning enough
If you haven’t started your course yet, you’ll be on Repayment Plan 5. This means you’ll start making payments when your income is above £25,000.
It won’t affect your credit rating
Student loans for undergraduates don’t appear on your credit file, unlike other types of loans.
Student loans are eventually written off
As long as you’ve made the right repayments based on your income, any outstanding loan plus interest will be written off after 40 years.
Important instructions for your undergraduate student loan application
Always apply for a part-time loan:
You’ll need to apply for a part-time loan when studying with us, even if you’re studying full time. A part-time loan gives you the option to extend your funding if you need longer to finish your course.
The part-time loan is an equivalent amount to the full-time loan, but spread over a longer period. That means you’ll get a smaller amount each year than the full-time loan. But it’s still enough to cover our affordable course fees!
Apply six weeks early
Remember to give yourself plenty of time to apply – at least six weeks before your start date if possible.
Check if you’re eligible for student finance as an undergraduate
All LIBF courses qualify for loans if you’re resident in England.
If you’ve studied a higher education course before, you could be eligible for a second-degree loan if you’re joining our BSc Data Science, BSc Computer Science or BSc Cyber Security.
There’s no upper age limit for tuition fee loans.
Lots of nationalities are eligible, including UK nationals, family of UK nationals, and Irish citizens.
Check the gov.uk student finance pages for more details to see if you’re eligible for a loan.
Maintenance loan eligibility for undergraduate students
Our undergraduate courses are 100% online giving you the flexibility to study from home and continue working to support yourself and your family. That means that you won’t have all the extra costs like rent, travel or additional materials, but you won’t be eligible for a maintenance loan unless you have special circumstances such as a disability.
Use the government finance calculator to check what you’re eligible for.
Student loans for a second undergraduate degree
Did you know that for some courses you can get student finance – even if you already have a degree? Perhaps you want to change careers. Or maybe you need some new skills to progress in your current job. A second degree could be your ticket to success.
This option isn’t available at every provider or for all courses. But here at LIBF, you could be eligible for a second-degree loan if you’re applying to study:
A loan for your second degree is a great way to get into a new industry or expand your expertise with LIBF’s career-focused courses.
How to apply for undergraduate student finance
Applying for student finance is an important step towards your future. Follow our advice to secure the financial support you need to succeed. If you need help at any point, simply get in touch with us.
It can take around six weeks, so remember to do it in plenty of time. With LIBF’s flexible start dates, the process is easy – decide when you want to begin and simply apply six weeks before.
You can make changes after you’ve submitted your application if your plans change.
The application process
Check what you’re eligible for on the gov.uk student finance pages.
Apply online or download the forms to send in the post.
Wait for your confirmation letter.
Get ready to start your studies.
Applying for student finance from Scotland, Wales or Northern Ireland?
If you're joining us from Scotland, Wales, or Northern Ireland, the process is a bit different to England. We’ve summarised what you need to do. Don’t forget, we’re always here to help if you need advice or information.
Making changes to your student loan application
Thinking of joining us after applying to a different degree provider? When you apply for your loan, you’ll see everything in your online student finance account. If you move home, change universities, or decide on a different course you can update your application at any point.
Need support applying for your undergraduate student loan?
Funding your undergraduate degree can be confusing. But we’re here to support you through the application process and throughout your studies if you need us.
Get in touch if you need support.
FAQs
Contact us about our online degrees
Any questions about our online degrees or studying at LIBF? Our Study Advisors are here to help.
Our office is open Monday to Friday from 8.00am to 6.00pm UK time.
You’ll find everything you need to know about studying an online degree with us in our digital prospectus. To receive your personalised prospectus, please fill out the form below with a valid email address.
Once you've submitted the form, keep an eye on your inbox for your prospectus to arrive via email.