Student Loans for UK Students
It is designed for UK students whose tuition and living costs are funded by themselves or by a parent, guardian, or household supporter.
It does not require property as security and is approved based on the borrower’s credit history, income, and overall affordability. It can be used to fund both the Premedical and MD programmes at New Anglia University.
🔍 Loan Overview
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Feature
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Details
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Borrower
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Student, parent, guardian, or household supporter (e.g. sibling)
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Loan Amount
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Up to the Tuition Fees + Living Expenses
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Disbursement
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Tuition paid directly to NAU or the student depending on the lender; living expenses paid to the student
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Multi-year funding
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Loans are approved on a per academic year basis; however, pre-approval for the full Cost of Attendance (CoA) is granted, subject to no material change in circumstances or deterioration in the borrower’s credit profile. Other lenders may require either a single application for the full CoA or a separate application for each academic year’s CoA.
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Interest Rate
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Risk-based APR (set by the lender)
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Origination / Servicing Fee
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May apply depending on lender
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💼 Repayment Plan & Loan Terms
Monthly Payment Plan
- Repayment Start: Principal + interest begins shortly after first disbursement or within an agreed schedule
- Loan Duration: Set by lender based on affordability
- Repayment Method: Direct Debit
✅ Eligibility & Credit Criteria
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Requirements
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Details
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Citizenship
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UK citizens or UK residents
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Eligibility (student, parent, guardian, household supporter)
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Assessed based on credit history, employment, and affordability
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📘 Loan Coverage: What Can Be Included
NAU will certify your Cost of Attendance (CoA), which may include:
- Tuition fees
- Hospital insurance fees
- Clinical rotation fees
- Administrative fees
- Health insurance fees
- Housing
- Food & utilities
- Transportation
- Books and academic fees
The certified CoA determines the maximum loan amount.
📆 How to Apply
Applications are made after the student is officially accepted. The NAU Admissions Office will support students by:
- Preparing the invoice that will reflect the full CoA
- Assisting with documentation required by the lender
The borrower will typically need:
- Proof of identification
- Proof of address
- Proof of income
- To provide Open Banking consent
Processing Timeline:
From application to decision and disbursement: typically 1–2 weeks, depending on the lender.
Important Regulatory Information
New Anglia University (NAU) does not provide loans and does not act as a lender. Any funding referenced on this page is offered solely by independent third-party lenders and is subject entirely to the lender’s approval.
Through its registered entity, New Anglia University (Tuition Fees) Ltd (Company Number: 15847475), NAU is recorded on the Financial Conduct Authority (FCA) Register under Firm Reference Number (FRN) 1049233 for permitted introduction-only activities.
The information provided on this page is for general information purposes only and does not constitute financial advice, a credit agreement, or an offer or recommendation of finance.