The tuition fee loan is a non-financially assessed loan to meet the cost of tuition fees. It is payable to the HE provider if the student is in attendance on the 90th day after the academic year start. Since 2006, Universities and colleges in England and Northern Ireland, 2007 for Wales, have been able to charge different fees for different courses up to a maximum which is set out by government each year. The maximum amount of tuition fee loan available is either the amount of tuition fees charged by the institution or the maximum set out by government, whichever is less. A student may apply for a loan to cover all or part of this cost. Students are responsible for paying to the institution any fees which are not covered by the loan. The loan is repayable through Income Contingent Repayment. Tuition fee loans accrue interest at the same rate as maintenance loans.
