REPAYMENT Loans are payable when you have finished your studies and are earning above the agreed threshold amounts* (you do not need to pay back grants and bursaries). For Wales, England and EU the threshold amount is currently set at £27,295; for Northern Ireland £19,895; and Scotland £25,000. The amount you pay will be at least 9% of the difference between the set threshold amount and what you earn. The table below illustrates example repayment amounts for a Welsh/English/EU student.
Many of our undergraduate healthcare courses are funded by the NHS Wales Bursary Scheme. With this bursary, you can train and become part of the next generation of the NHS Wales workforce without the worry of funding your tuition fees. If you are willing to commit to working within Wales for two years following graduation of any of the following courses, you will be eligible for the NHS Wales Bursary Scheme, which includes a reduced rate loan from Student Finance: • Healthcare Science (Audiology, Cardiac Physiology, Medical Engineering, Neurophysiology, Nuclear Medicine, Radiation Physics, Rehabilitation Engineering, Respiratory and Sleep Physiology) • Nursing (Adult, Child, Learning Disability, Mental Health) • Midwifery • Occupational Therapy • Operating Department Practice • Paramedic Science
ANNUAL INCOME
WEEKLY INCOME
WEEKLY LOAN REPAYMENT
£25,000
£480
£0
£30,000
£577
£4.68
£35,000
£673
£13.34
£40,000
£769
£21.99
*All figures shown are the 2022/2023 rates and are intended as a guide only. UK (home) Undergraduate Tuition Fees are set by the Welsh Government and may increase from £9,000 in future years. New rates will be published on our website as soon as they become available: swansea.ac.uk/undergraduate/courses/ FOR ACCOMMODATION AND TYPICAL LIVING COSTS SEE PAGES 27 AND 51 Note, there are planned changes to repayments for Student Finance England students from 2023/2024: For up to date information visit: swansea.ac.uk/undergraduate/fees-and-funding/ student-loans-and-grants/student-loan-repayments/
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