What financial aid is available to help your uk studies?
The costs of UK degree programs depend on which program you choose but tuition is approximately $16-30,000 USD per year with $12-18,000 per year required for associated living expenses.
Scholarship help is less available than in the US and in many cases the sticker price for your UK college degree is exactly what you will pay. Although there are fewer scholarships, grants and financial aid available, the shorter programme lengths for both undergraduate degree programs (3 years) and Masters (1 year) does provide a huge saving.
US students can access useful information from the Federal Student Aid website, but some of the major funding opportunities include:
FAFSA – You can apply for student loans for study in the UK, with the same process you use to apply for financial aid in the US. When you fill out the FAFSA, list the university you plan on attending in the question about Federal School Codes. When it’s listed on your FAFSA, the university will then be able to download your data.
Veteran Affairs Benefits – Students wishing to study should first visit the US Department of Veterans Affairs webpage and apply for benefits. Students should then email the university to ensure that the program they wish to study is approved for VA benefits. Distance or online learning are not eligible for VA funding at foreign schools outside of the US.
529 Plans – Distributions from a 529 college savings plan are tax-free only if used to pay for qualified higher education expenses at a college or university that is eligible for Title IV federal student aid. Such a college will have a federal school code that can be listed on the Free Application for Federal Student Aid (FAFSA). There are more than 100 foreign colleges that are eligible for federal student aid. You can find a list here.
Classification of your fee status is largely determined by your residency (not citizenship or nationality) and UK Universities follow regulations set by the UK government. You can find a summary of the regulations from the UK Council for International Student Affairs (UKCISA). EU students temporarily residing in the US may be eligible for home fees and loans. UK Universities will confirm your provisional fee status when you apply and are made an offer, however you may query this later by completing a fee status questionnaire if you believe it may be subject to change.
International students with a Tier 4 Student Visa are permitted to work for 20 hours per week during term time and for 40 hours per week during vacation periods. Most UK universities have ‘job shops’ where students can do to look for available part time work. N.B. Students use this option to top up their living expenses and NOT as a way of paying their tuition, as it is very unlikely, they would earn enough to do so.
Scholarships are individually promoted by each UK University and you will need to research these yourself. They are often merit-based and result in only a partial reduction in program fees, but universities will generally also offer some alumni, sports and geographical scholarships.
Due to the limited nature of all these scholarships, they tend to be very fiercely competitive.