Student loans explained

UK Undergraduate Student Loans


UK Postgraduate Student Loans

NDA part-time UNDERGRADUATE degree students are eligible for a student loan to cover the entire cost of their tuition fees. There are no upfront fees to pay.

If you are not a previous NDA student please wait until you have been offered a place on your course before applying for your student loan.

Design your future – you can afford to study for a degree

At NDA we know that for many potential students to study at university, even part-time, is just not an option. Many are juggling home & family commitments alongside part-time or full time work. Many creative and talented people would like to turn their hobby into a career in design - but finding the time to study and pay tuition fees makes this seem impossible.

This is why NDA offers online, flexible, affordable design degrees. With a student loan to cover the entire cost of their degree, NDA students can study without having to worry about tuition fees.

Student loans are not based on income or means tested and most students in England will qualify.

This means that the Government pays your tuition fees and you only start repayments when you can afford to do so – when you are earning £21,000 per year or more.

Student loans are one of the cheapest and safest forms of long-term borrowing possible. The massive advantage over normal borrowing is you only repay if you earn enough, and if you lose your job, repayments stop.

Martin Lewis Money Saving Expert, Part-time Student Guide
  • Loan will cover the full cost of your NDA degree
  • Loan repayments start from the April after you complete your course - but only if you are earning more than £21,000 per year (the repayment threshold)
  • If you never earn £21,000 a year – you never repay
  • If your income falls below £21,000, your repayments stop - for example if you take a career break or are unemployed - until you start earning £21,000 again
  • You repay just 9% of your income above £21,000
  • The amount you repay depends on how much you earn, see the table below
  • Any repayments are deducted monthly from your salary by your employer; you do not have to make payments
  • After 30 years any outstanding balance is written off
  • Should you become incapacitated or die – the loan is also written off
  • Student loans do not affect your credit rating
  • Student loans are only available to students without a previous Honours Degree from a UK university
  • Students wishing to fund a second degree can apply for a private student loan on favourable terms from Future Finance.

The amount you repay is based only on what you earn, not what you borrowed – therefore no matter how much you take out in loans, you’ll pay the same back each month.

Martin Lewis – Money Saving Expert, Part-time Student Guide

Example of student loan repayments

These are based on the current repayment threshold of £21,000 per year.

This threshold will increase in the future in line with inflation, therefore your earnings will be higher before repayments commence

Annual income before tax Monthly salary Monthly repayment
Repayments are 9% of your income ABOVE £21,000
Up to £21,000 £1,750 £0
£22,000 £1,833 £7.50
£25,000 £2,083 £30
£30,000 £2,500 £67
£35,000 £2,916 £105

More information

For more information see Martin Lewis' excellent Guide to Part Time Student Loans at the Money Saving Expert website or see the article on the Money Saving Expert website.

You can also visit the Student Finance England website – although the information is not all in one place and you will have to click onto different sections of the website. For your convenience here is a link to the loans guide from Student Finance England.

Student finance eligibility is different if you live in Wales, Scotland and Northern Ireland:

Or contact NDA with any questions you may have.

UK Postgraduate Student Loans

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For more information about Postgraduate Student Loans read the excellent article from Martin Lewis at the Money Saving Expert website

Now you can afford to study for a Master's Degree

Post Graduate Loans for MA Students (or tuition fee loans) have now been introduced for Students starting their Master's Degree on or after 1st August 2017. This will be the most popular way for NDA students to study as this covers the entire cost of their degree. Loans are not based on income or means tested and most students in England & Wales will qualify. (N. Ireland & Scotland have different eligibility). Repayments only start after you complete your degree - but if you earn less than £21,000 per year you will not have to repay.


UK Master's Loans - the key details

What? Student loans for postgraduate Masters degrees in all subjects, available for full-time, part-time and distance learning courses.
How much? Up to £10,280 for students starting on or after 1st August 2017.
Who? UK, EEA and Swiss nationals resident in England or Wales (N.Ireland & Scotland has different eligibility).
Where? Any UK university or partner.
Repayment? 6% of income over £21,000 per year, commencing from April following completion. Interest charged at RPI+3%.
Restrictions? Applicants must be under 60 on commencement, without existing qualifications at Masters-level or above.
Applications? Available online.