The University will be told the amount you have been assessed to pay, and we will send you a bill at the beginning of the Autumn Term. You will be asked to pay this bill as soon as you receive it although the University has a scheme for payment in instalments in cases of hardship. Student loans Student grants have now been replaced with a system of student loans paid to you by the Student Loans Company. Once again, it is advisable to apply well in advance for the loan to ensure that you receive at least a proportion of the money at the beginning of your course. For 2000-2001, the maximum total loan available to Reading students was 3725.
Interest is charged on student loans at a rate equal to the rate of inflation.
In real terms, this means that the amount you repay will be the same as the amount you initially borrowed. Your LEA is responsible for determining how much Student Support you will receive and will conduct a single means test to cover both fees and maintenance loans. On the basis of this, the LEA will decide how much you will contribute to your tuition fees and the amount of loan to which you are entitled. The University will have to certify that the additional funds are needed and whether you are eligible for an additional maximum loan of 500. This additional amount will be repayable to the Student Loans Company along with your original, main student loan.