How does student finance work?

Today (4th November 2024) the government announced that tuition fees and the maintenance loan will be increasing.

Tuition fees will rise from £9250 a year to £9535 and the maintenance loan will increase by 3.1% meaning that students will more able to cope with the higher cost of living.

However, discussions around increased costs has caused concern among students about how student finance actually works so here’s my updated student finance guide to explain:

Do comment your thoughts below.

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