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Student Loan

Identity protected Post 1

• 20 July 2024, 10:46

Student Loan

Hi 

Im 47 and looking to start a Bsc degree with OU would I still be entitled to student loan if I am unemployed. 

Would the same terms apply for repayment after I earn a certain amount. Would this be paid after I finish my degree or would I need to pay whilst studying if I start work


Thanks

Moderator
Post 2 in reply to 1

• 22 July 2024, 10:16
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Hi Pardeep,

It is great that you are considering studying with The Open University. You can take a look at the undergraduate courses that we offer here:

http://www.open.ac.uk/courses/atoz

If you live in England, then yes the funding would be through a Part-Time Tuition Fee Loan, and the repayments would start when your salary exceeds the income threshold, currently £25,000. Additionally, the repayments will not start until:

 * the April four years after the start of the student's qualification, or 

 * the April after the student leaves the University, or

 * the April after they complete their qualification

– whichever is soonest.

You can explore this payment method in more detail here:

https://www.open.ac.uk/courses/fees-and-funding/loan-england-finance

If you live in a different nation, you can explore your funding options with the Finance Finder on this page:

https://www.open.ac.uk/courses/fees-and-funding

This forum is for general enquiries, so if you would like to discuss your circumstances, specifically, you can call us on 0300 303 5303, Monday to Friday, 8:00-17:30. 

Our full contact details can be found here - https://help.open.ac.uk/contact/

Best wishes,

Ramsay

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