Student loans explained

NDA part-time degree students are eligible for a HE student loan to cover the entire cost of their degree, meaning they have no upfront fees to pay!

Please Note: As payments received by Student finance are paid in instalments please be aware the fee per level is the instalment fee. Please ensure you apply for your loan in the academic year in which you will be studying (if you are unsure please contact the NDA)

If you are not a previous NDA student do not apply for Student Finance until you have been approved to join

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, for example, if your salary was £25,000, the 9% would only apply to the £4,000, above the £21,000 threshold, meaning you would repay just £30 a month.
  • The repayment threshold will rise above £21,000 in line with inflation – meaning you can earn more before starting your repayments
  • Any repayments are deducted monthly from your salary by your employer you do not have to make payments yourself
  • 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 living in England without a previous honours degree from a UK university

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

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