Loans
A loan is a form of financial assistance given by the local education authority and is given to students or parents returning to education who may face financial hardship.
It is usually a cash sum which is issued in the form of a cheque. The loan may be issued to provide financial assistance in just a few of the following areas;
- Tuition fees.
- Single parent living allowance.
- Accomodation fees.
- Book fees.
- Food.
Usually, the amount of financial assistance is calculated via a means testing procedure on either your own income or your parents.
The means test is carried out by the local education authority.
The means test can be refused but this may affect the size of the award given.
The authority calculates the size of the award based on the means test.
The details are then passed on to the issuing bank.
All cheques are issued from the Student loans company bank based in Newcastle.
Except in the case of "single parent student allowances", loans are repayable at low rates of interest over extended periods.
There is an appeal procedure by which students can question the amount given in a loan if they disagree with the amount issued.
More information
To check your eligibility for a loan, order an application form or general enquiries regarding loans, you can contact us.
You can also visit the Dfee website for guidelines on loans.
Contact us
You can contact us in the following ways:
Post
Education Awards
PO Box 2013
Liverpool
L69 2DY
In person
You can visit one of our one stop shops to seek help and advice.
Telephone
0151 233 3006