Scholarships for UK/EU Students
If you are eligible, Richmond offers Scholarships that can be combined with Student Finance England loans, or other sources of personal funding, to pay your remaining tuition balance.
Chancellor’s 2019 Scholarship
| Name of Scholarship | Qualifications | Amount |
| Chancellor’s Scholarship |
|
£3,085.00 p.a. |
Terms and Conditions: 1.Continuation of the Chancellor’s Scholarship after the first year is conditional on the student achieving a cumulative GPA of at least 2.5 from the previous academic year, remaining in good standing and making a positive contribution to University life. 2.The government is currently reviewing fees in the UK, and the Chancellor’s Scholarship is based upon giving students a reduction of their fees by a third. As students continue after the first year, if fees are reduced by the review, the University will continue to offer its scholarship at a third of the fee. 3.Chancellor’s Scholarship does not pertain to RIASA programmes; BA International Sports Management with Football (Leeds) and BA International Sports Management with Football (London)
The Richmond University Difference
| Richmond University (4 Years) |
UK University (3 Years) |
|
| Fee | £9,250.00 p.a. | £9,250.00 p.a. |
| Chancellor’s 2019 Scholarship | £3,085.00 p.a. | N/A |
| SFE tuition loan | £6, 165 p.a. | £9,250.00 p.a. |
| The total debt from start of loan to the end of programme | £28,677.27 | £31,283.72 |
| The difference (after 4 years) | £2,606.44 less debt | |
| Many UK/EU students at Richmond University – study over 3.5 years, so the debt could be even lower | ||
Terms and Conditions: 1.The SFE calculation does not include other scholarships from other Universities, however, Richmond University offers its scholarship on an annual basis. 2.The loan is charged at 6.1% per month from the start of your degree to the end on a monthly basis of the outstanding amount. 3.The final calculation is based on 48 months and 36 months comparison, it is acknowledged that Universities will vary with start and completion times.
Funding Your Undergraduate Studies UK and EU Nationals
The student finance information provided on this page is for UK and European Union nationals. You can explore three source of funding for undergraduate study. You may be able combine your funding from a combination of sources.
- Student Finance England Loans
- Richmond Scholarships (Need and Merit Based)
- Private Educational Loan (Future Finance)
We recommend that you explore your funding option as early as possible. The Student Finance Calculator will help you determine what funds for which you may be eligible. Please see the tabs below for the various funding options.
Please contact us if you have any questions at admissions@richmond.ac.uk.
Student Finance England (Tuition Loan)
UK Government loans for higher education study are administered by Student Finance England (SFE). UK and European Union are eligible for loan funding for designated courses (see list below). There are two types of Student Finance England Loans.
- Tuition Loans: (UK and EU Students) contribute towards the cost of tuition only
- Maintenance Loans (UK National Only) cover living costs such as accommodation, books and bills
The tuition fee loans for English and EU nationals £6,165 per year for tuition fees. Alternative and private universities like Richmond are not publicly funded. The Government recognizes the academic quality of private not for profit universities but the maximum tuition loan amount for students studying at a private not-for-profit university is £6,165. This loan amount will not cover the entire undergraduate tuition fee. Richmond offers scholarships and advice on alternative source of funding that help you to fund your studies.
Student Finance England Maintenance Loan
Maintenance Loans covers living costs such as accommodation, books and bills. They are released at the start of each term and are paid directly into your bank account. The amount you can borrow is based on the following:
- If you live with your parents or guardian and start a course in 2017/18 you may receive up to £7,097.
- If you live outside the parental home and start a course in 2017/18 you may receive up to £11,002.
- If you are eligible for benefits (lone parents, certain disabled students, student couples with children), and you did not live with your parent/guardian and start a course in 2017/18 you may receive up to £11,998.
- All those classified as Home Students (UK) are eligible for a Maintenance loan
- If you are an EU student who has been living in the UK for five years prior to the start of your course (and can evidence this to Student Finance England’s satisfaction) you may be eligible to apply for the loan.
How to Apply For Your SFE Loan
How To Apply
UK Students:
- The quickest and easiest way to apply is online at Student Finance website here.
- We recommend that you apply as soon as possible to make sure that you have your funding in place before the start of your course.
- Please note that the deadline dates are different for students from Wales.
EU Students:
- EU students cannot apply online but will be able to download an application form and review the steps to submitting the application on the Student Finance England government website here
- We recommend that you apply as soon as possible to make sure that you have your funding in place before the start of your course.
For further details, please contact the Admissions Office by email at admissions@richmond.ac.uk or by phone on + 44 (0) 20 8332 8330. We would also encourage you to read the Student Finance Guide prior to submitting your application.
SFE Course codes for *NEW* students applying for loans:
Please reference the chart below to find your course code, which will be required when completing your SFE application. Should you have any questions, please contact us by email at admissions@richmond.ac.uk or by phone on +44 (0) 20 8332 8330.
| Course Title | SFE Course Code | UCAS Course Code |
| Accounting & Finance with Combined Studies | 716683 | NN34 |
| American Studies with Combined Studies | 644787 | T700 |
| Art History and Visual Culture with Combined studies | 716694 | 4A36 |
| BA (Hons) Business Management: Entrepreneurship with Combined Studies | 644788 | N100 |
| BA (Hons) Business Management: International Business with Combined Studies | 268495 | N120 |
| Communications (Marketing Communications And Public Relations) with Combined Studies | 644790 | NP52 |
| Communications (Media Production) with Combined Studies | 644791 | P310 |
| Communications (Media Studies) with Combined Studies | 644792 | P300 |
| Economics with Combined Studies | 64713 | L100 |
| BA (Hons) Fashion Management & Marketing with Combined Studies | 644789 | NW52 |
| Film Studies with Combined Studies | 644794 | P303 |
| BA (Hons) Finance & Investment with Combined Studies | 834019 | NN33 |
| International History with Combined Studies | 834021 | V100 |
| Social Sciences: International Relations with Combined Studies | 5767 | L240 |
| BA (Hons) Marketing with Combined Studies | 802876 | NN15 |
| Social Sciences: Political Science with Combined Studies | 5771 | L210 |
| Social Sciences: Psychology with Combined Studies | 5770 | C880 |
Student Finance England Disbursement
Tuition fee loans are disbursed in 3 installments directly to Richmond University London once your attendance is confirmed to Student Finance England:
- October 2018 – 25% of loan
- February 2019 – 25% of loan
- May 2019 – 57 % of loan
Maintenance funding for eligible students is released in 3 installments directly to your bank account as set out in the Entitlement letter once your enrolment is confirmed with Student Finance England.
Repayment of your SFE Loan
Loan repayments commence when you are earning at least £21,000 per year. The repayment will be 9% of income an over £21,000 per annum and all outstanding repayments will be written off after 30 years. You are not required to make loan repayments until you are earning over £21,000. However your loan/s will be liable for interest at the rate of inflation based on the Retail Price Index (RPI). The Student Loan Company can provide further information on student loans and repayments.
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