Student Loans Gone are the times when students could get by at university on a maintenance grant. Nowadays it's almost impossible to go on to higher education and support yourself without taking out a huge student loan from the Student Loans Company (SLC). Both the amount of fees you will have to pay and the amount of student loan you will be entitled to are assessed by your local education authority (LEA) - or the student awards agency in Scotland - and are based principally on your parents' income. Exceptions are if you are married, over 25, have been supporting yourself for at least three years, are an orphan, or are in care.

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But now there is talk of top up fees, higher course prices and fewer students going on to university education. You can get yourself a student loan outside the Loans Company, we specialise in finding lenders for student and you have a wide range of options available to help you raise finance especially with debt consolidation for council tenants, housing association tenants, private tenants or living with your parents.

As a student will not have a home to offer as security. Lenders class this as high risk so the interest rate will be higher than a Secured Loan. This shouldn't stop you applying for a Tenant Loan because keeping up regular payments on a loan would improve your Credit Rating if in the future you consider a Mortgage or other Loan.

When you are considering going into further education, you might be concerned about how you are going to fund your courses. There is now a Government led initiative that provides financial support during the years spent studying for higher education.

Applying through the Government scheme is an easier way to obtain a student loan as most high street banks will be reluctant to take on the risk of lending to someone in full time higher education. This is mainly due to the fact that rarely will you have the facility of sufficient income to repay the loan on a monthly basis and you will have no credit history built up to assess your suitability for the loan.

The Government scheme is accessible through the website www.slc.co.uk. The website hosts a wealth of information relating to student finance and gives various links to alternative websites for further information. Another website that is worth a visit is www.direct.gov.uk, here you can view various scenarios relating to student finance and the information contained is very concise.

Student Loans are not to be viewed as personal loans; they are to be used as method for funding the cost of higher education. The loan works in the same way as standard loans; you borrow the relevant amount of money which is to be repaid in full plus additional interest. The interest rate that will be used to calculate the cost of repayments is linked to the rate of inflation. Interest is charged on the loan from commencement of the loan to the date that the loan is repaid. Although repayments will not start until you are in employment that sees you earning in excess of £15,000.00 per annum.

Student loans provide assistance whilst studying for higher education. In order to qualify for a student loan, there are various criteria that have to be met. You should first check to see if you are eligible to apply for a student loan. The basic requirements are that you are studying on an authorised higher education course and that you normally reside in England . You should also be studying in the United Kingdom , however, there are various amendments made to the rules if you are a European Union national or is a family member of a European Union National who has come to England to study. If you fall into this category then you must investigate the guidelines further.

There are various exclusions that will not entitle you to be able to apply for a student loan which include if you have previously studied for higher education. This only applies if you have received funding for the course by way of borrowing a loan to cover the cost of the course from the government. Or, if the relevant university or college received funding directly from the government, this would also exclude you from further student loans. This rule is subject to change and information is being prepared to notify potential students that from September 2006 there may be additional guidelines that will entitle students to further funding.

Applications are welcome from students wishing to study for full and part-time courses. Although there are certain differences to distinguish between the two, authorised funding for a full time course should mean that there are various potential qualifications that can be gained. Part-time courses should take at least one year to complete. Where you study also plays a part in whether you qualify for the loan. The place of study has to be a UK university or a college that received direct government funding.

Student loans can be used to cover the cost of course fees as well as maintenance fees. This means that you can use the money to pay for living costs. The amount that you can borrow for this cause varies depending on whether you are living away from home and studying particularly if you are living away from home and studying in London .

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