Student Loan Funding
APPLY FOR TUITION FEE LOANS TO STUDY OUR UNIVERSITY OF HERTFORDSHIRE DEGREE COURSES
Eligibility: To be eligible for the tuition fee loan, this would usually be the first time you have studied on a higher education course and you must be ordinarily resident in England.
Tuition Fee Loans are paid directly to IDI as the learning provider.
To find out more about your eligibility go to: https://www.gov.uk/student-finance/who-qualifies
• New students starting full-time or part-time distance learning courses after the 1 September 2012 are eligible to apply for a tuition fee loan but not a maintenance loan. Check with your Admissions Advisor whether your course is eligible for tuition fee loan funding:
This email address is being protected from spambots. You need JavaScript enabled to view it.
• Continuing students who started their studies prior to the 1st of Sept 2012 will continue to be entitled to the original student finance package i.e. students with a household income under £28,066 can apply for a Fee Grant and Course Grant and not a Tuition Fee Loan.
For additional information please download IDI's Tuition Fee Loan Guidance notes.
You can apply for a Tuition Fee Loan of up to:
• £6,000 for full-time students, including full-time distance learning students studying an approved course at a private university or college
• £4,500 for part-time students, including distance learning students studying an approved course at a private university or college
We recommend that you apply for your Tuition Fee Loan as soon as possible to ensure that your funding is in place prior to the start date of your course.
It can take between 4 to 12 weeks for an application to be processed and approved by Student Finance England.
Once you have applied for your loan please send us your Customer Reference Number and your place on the course will be secured.
Completing your Tuition Fee Loan application
The following information is designed to help you to complete your tuition fee loan application.
It's important that you enter the correct course details when you complete your loan application. For example if you are studying Graphic Design or Product Design please put the qualification you expect to gain as ‘BA Honours’. Please contact Finance if you are unsure about this:
This email address is being protected from spambots. You need JavaScript enabled to view it.
Ensure that you put 'Interactive Design Institute' as the learning provider, and not the University of Hertfordshire. The address is as follows:
Stuart House, Eskmills, Musselburgh, East Lothian, EH21 7PB
Full time distance learning students and part time students are only eligible for a Tuition Fee funding and not maintenance funding of any sort.
Full time and Part time students can apply online for the 2012/13 session (October 2012, February 2013 and June 2013) by visiting the “Gov.UK” website at:
http://www.studentfinance.direct.gov.uk/portal/page?_pageid=153,4680119&_dad=portal&_schema=PORTAL
You may find the following information useful when filling out the section on your University or College:
• Please ensure that you put ‘Interactive Design Institute’ as the learning provider
• Start date is 02 – 2013 if starting in February 2013.
• If part time, for a full BA (Hons) course:
o If entering into L4, you will finish the last year in 01-2017.
o If entering into L5 you will finish the last year in 09-2015.
o If entering into L6 you will finish the last year in 05-2014.
• If part time, for a Diploma of Higher Education course:
o If entering into L4, you will finish the last year in 09-2015.
o If entering into L5 you will finish the last year in 05-2014.
• If full time, for a full BA (Hons) course:
o If entering into L4, you will finish the last year in 09 – 2015.
o If entering into L5, you will finish the last year in 09 – 2014.
o If entering into L6, you will finish the last year in 09 – 2013.
• If full time, for a Diploma of Higher Education course:
o If entering into L4, you will finish the last year in 09 – 2014.
o If entering into L5, you will finish the last year in 09 – 2013.
• If you are entering into level 4 this will be the first year of your studies.
• The full tuition fee amount for level 4 is £4,000.
Please refer to IDI’s Tuition Fee Loan Guidance Notes in the ‘Overview’ page for further information on how to apply. If you have any questions filling out the applications please do not hesitate to get in touch with Finance
This email address is being protected from spambots. You need JavaScript enabled to view it.
.
Next Steps
When you complete an ONLINE application for a tuition fee loan you will receive a Customer Reference Number (CRN) online.
TO SECURE YOUR PLACE notify us by email and provide us with your Customer Reference Number (CRN) as soon as you receive it.
Next steps:
1 - Student Finance England will send you a Student Finance Entitlement Letter letting you know that your loan application has been approved.
2 - IDI have confirmation that your loan application has been approved when your details appear in the Higher Education Institute (HEI) Portal. We will advise you of this by email.
3 - In advance of your course start date you will receive the following by email from our Academic Team:
·A welcome letter from the Interactive Design Institute
·A welcome letter from the University of Hertfordshire
·A Proof of Student Status document which will enable you to obtain a discount on any software required for your course
·Information on how to begin your studies
You will have access to your online Induction Programme one week before your course start date.
Before you can access Induction and commence your studies you will be required to complete a University of Hertfordshire Registration Form and accept our Terms and Conditions in the IDI-Study website.
Interest is charged on your loan while you're studying up until until you're due to start repaying your loan. Interest is charged at the rate of inflation (RPI – Retail Price Index) plus three per cent.
When you're due to start repaying your loan, the amount of interest you're charged depends on how much you earn.
You will be charged the following rates of interest:
• the rate of inflation if you earn £21,000 or less
• the rate of inflation plus up to three per cent if you earn between £21,000-£41,000
• the rate of inflation plus three per cent if you earn over £41,000
Full-time and part-time students who start their course after 1 September 2012 begin paying back their student loan if they leave the course early or after graduation and once they earn more than £21,000 a year. If their income falls below £21,000 a year, their repayments stop.
New full-time students will start to repay in the April after they leave their course.
New part-time students start making repayments in the April, four years after the start of their course, or in the April after they leave the course, whichever comes first.
Example 1: if you start a 6 year part-time course in September 2012 and have a job that pays £25,000, you'll start to repay your loan in April 2016 even though you are still studying.
April 2016 is the earliest repayments will begin for full-time and part-time students.
Example 2: if you start a 2 year part-time course in September 2012 and have a job that pays £25,000, you'll only start repaying in April 2016 – after you've finished your course. Repayment is based on income at the time repayment is due.
If you pay through PAYE, your repayments will be deducted automatically each month from your pay. If you are using self-assessment, other arrangements are in place.
*Subject to Parliamentary approval
Extra financial help will be available to disabled students studying on a full or part-time basis through Disabled Students' Allowances (DSAs).
These grants are paid in addition to the standard student finance package. They do not depend on income and do not have to be repaid.
https://www.gov.uk/disabled-students-allowances-dsas
Continuing disabled students who are already in receipt of a student loan please be aware that the deadline for reapplying for academic year 2012/13 is 29th of June 2012.
