Thinking of studying for a second degree? This FAQ will tell you all you need to know about second degree loans.
Are you thinking of studying for a second degree? If so, you may be entitled to funding from Student Finance England. This FAQ will tell you all you need to know about second degree loans, including how they work and whether you are eligible.
What is a second degree loan?
A second degree loan is a tuition fee loan given to those who already have a degree, but are now looking to obtain one in a different subject.
Second degree loans are not available for all subjects – they must be included on a list of subjects, pre-approved by the Government. The courses which appear on the list have been selected in an attempt to boost skilled workers in the chosen industries.
How does a second degree loan work?
To apply for a second degree loan, you must apply through Student Finance England (SFE), as you may have done the first time around. If your application is successful, your tuition fees will be paid directly to the institution you are studying with.
Am I entitled to a second degree loan?
There are limited circumstances in which you may be entitled to receive a second degree loan. As well as meeting the standard student loan requirements, you are entitled if one of the following two statements applies to you:
- I am starting a part-time Honours degree in computer science, engineering or technology.
- I am enrolling onto a course in healthcare (excluding dental hygiene and dental therapy) on or after 1 August 2017.
How much money can I borrow for my second degree?
The amount of money you are loaned for a second degree depends on several different factors. It’s worth noting that you will only receive a loan for your tuition fees; there is no SFE maintenance loan available for those studying a second degree.
Can I use a second degree loan for any Arden courses?If so, then which ones?
The good news is, several of our courses are available to those planning on funding their studies with a second degree loan. The following Arden degree and degree top-up programmes are eligible for second degree loans:
To explore your funding options, visit:
For more information, give our friendly admissions advisors a call today on 0800 268 7737 or email us at enquiries@arden.ac.uk to find out more. Alternatively, you can apply today for your course and one of our admissions advisors will be in touch to discuss your study options.
