For students to be eligible for SLC funding, they must be studying on a course designated each year by Department for Education. All courses listed in our website have been designated for SLC funding in the 2021-22 academic year.
UK and EU** students may be entitled to a student loan from the Student Loans Company to cover the cost of their tuition fees. UK and EU** students may also be eligible for a student loan or grant to cover their maintenance cost whilst studying.
Funding from the Student Loans Company is dependent upon meeting the eligibility criteria for public funding. Please see the details for eligibility at https://www.gov.uk/student-finance/who-qualifies
** EU students with settled and pre-settled status can apply for student loans
Tuition Fee Loans
The Tuition Fee Loan covers the fees you're charged each year of your course. It's paid directly to the college. Your Tuition Fee Loan covers all of your fees for the following full-time courses. Below are the tuition fee loans for the academic year 2021/22.
|Tuition Fee Loan (per year)*|
|BSc (Hons) Business and Management||£7,500.00|
|BSc (Hons) Computing||£7,500.00|
|BA (Hons) Tourism and Hospitality Management||£7,500.00|
|Diploma in Education and Training (DET)||£6,500.00|
|HND in Business||£6,500.00|
|HND in Computing||£6,500.00|
|HND in International Travel and Tourism Management||£6,500.00|
|HND in Hospitality Management||£6,500.00|
|HND in Healthcare Practice||£6,500.00|
*ICON college reserves the right to alter course fees without prior notice. Bursary available for Degree and Top-Up courses.
The exact amount full-time students can borrow depends on: your family's income; where you live; what year of study you're in etc. Further information is available at https://www.gov.uk/student-finance
Maximum Maintenance Loan rates for full-time students at ICON College
All the maximum amount stated below are per academic year of study. The loan is paid directly into your bank account at the start of term. You have to pay the loan back
Full Time student
Loan for 2021 to 2022 year
Loan for 2022 to 2023 year
|Living at home and study at ICON||Up to £7,987.00||Up to £8,171.00|
|Living away from home, in London and study at ICON||Up to £12,382.00||Up to £12,667.00|
*Above figures are subject to change depending on government policy, for the current information please see at https://www.gov.uk/student-finance/new-fulltime-students
Repaying Student Loan
Full-time students begin paying back their student loan once they finish their course and earn more than £27,288 per year*. However, if your income falls below £27,288* a year, your repayments stop.
Your employer will automatically take repayments from your salary if your income, before tax, is over the UK threshold. The current thresholds for repayment are £27,288 a year, £2,274 a month or £524 a week for Plan 2. You pay 9% of your income over the threshold. Your annual income is £28,800 and you are paid a regular monthly wage. This means that each month your income is £2,400 (£28,800 divided by 12). This is over the Plan 2 monthly threshold of £2,274. Your income is £126 over the threshold (£2,400 minus £2,274). You will pay back £11 (9% of £126) each month..
If you're self-employed you'll pay through self-assessment.
* Above figures are subject to change depending on government policy, for the current information please see at http://www.slc.co.uk/students-and-customers/loan-repayment/your-plan-type.aspx or at https://www.gov.uk/repaying-your-student-loan