No, not normally. They get them from the government but only upto a total of £3,145/yr for tuition fees and £6,475/yr for accomodation and living costs. You don't need to begin paying it back until the end of your degree and you're earning £15,000. My loan is different because it's a dedicated loan (http://www.natwest.com/personal/loans/g1/professional-training-loan/bpp.ashx) given only to students doing my law conversion course at my particular institution through a specific high street bank (in this case, Natwest). The fees for medicine and law are much higher than for any other degree so they have special high-street bank loans for us. So far I've taken out £10,000 and will probably take out the remaining £15,000 next year. The conditions of our repayment are different. We have to start repaying the loan within a 6 months of our graduation at the end of the two years and it doesn't matter how much we're earning, we have to start paying it back regardless. And we only have 10 years to pay back the principal and the interest!
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timeasmymeasure
no subject
Date: 2008-10-09 12:03 am (UTC)