Student loans and debt
Types of Student Loan
Student loans are among the cheapest form of long-term borrowing available. There are two different types of student loan:
- one covers tuition fees.
- the other is for help towards day-to-day living costs such as rent and travel.
All eligible students can get the full Student Loan for Tuition Fees, and at least a partial Student Loan for Maintenance, regardless of their household income.
However, this changes depending on where you live. For example, if you’re fortunate enough to be Scottish and studying in Scotland, you don’t need to worry about tuition fees as you don’t pay them. And, if you're from England or Wales but studying in Scotland, your fees will be cheaper.
Important legal information
Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.
Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS).