Untitled Document Student Loans Student loans are part of the Government's financial support package for students carrying out a course of higher education in the United Kingdom and are available to help students meet their living costs. It is the student's decision whether to take out a loan, and how much to borrow. They can take up to the maximum amount set each year.
Eligible students can borrow money at a rate of interest equal to the rate of inflation.
This means that, although the amount of money they pay back will be higher in cash terms than the amount borrowed, it is of equal value in real terms.