Welcome > Higher Education > Tuition fees

Tuition fees

Undergraduate study

Newcastle College’s tuition fee for full-time UK and EU students studying a Foundation Degree or one-year Honours Degree starting in 2013 is £5,800 per annum.

You can choose to pay your tuition fees up-front or take out a Tuition Fee Loan from the Student Loan Company, which currently defers payment until you earn over £21,000 per year after graduation.

When will I start to make repayments?

You will not start to make repayments until you earn over £21,000 a year.

How much do I pay back?

You pay 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 £4,000, meaning you would only repay £30 a month.

How do I pay?

All your student loans are added together and a single repayment will be deducted from your salary, normally through the tax system.

What happens if my income falls?

If your income falls below £21,000, your repayments stop until you start earning £21,000 once again.

Does the balance get written off?

Any outstanding balance is written off after 30 years.

Loan repayment table

Salary

Amount of salary from
which 9% will be deducted

 Monthly repayment

£21,000 and under

No repayments

No repayments

£25,000

£4,000

£30

£30,000

£9,000

£67

£35,000

£14,000

£105

£40,000

£19,000

£142

£45,000

£24,000

£180

£50,000

£29,000

£217

£55,000

£34,000

£255

£60,000

£39,000

£292

Interest on student loans

You pay interest from the time your first payment is made until you pay your loan back in full.

For courses that started on or after 1 September 2012 the following interest rates apply:

Income

Interest rate

While you’re studying

Rate of inflation (Retail Price Index) plus 3%

£21,000 or less

Rate of inflation

£21,000 to £41,000

Rate of inflation plus up to 3%

£41,000 and over

Rate of inflation plus 3%