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Ing to the Canadian Student Loan Program, most students take 10 years to pay off their loans.

To get the maximum student loan, your household income must be less than £25,000. The size of the loan then falls on a sliding scale, so the higher your household earnings the smaller the maintenance loan. The specific amount you will get will depend on where your university is based and whether you are living at home.

Maximum lifetime limit for student aid Full-time students can receive student aid for a maximum of 340 weeks, except: students enrolled in doctoral studies can receive student aid for up to 400 weeks. students with a disability may receive up to 520 weeks of educational assistance.

Loan Term for Extended/Graduated Repayment Loan BalanceMaximum Loan Term$10,000 to $19,99915 years$20,000 to $39,99920 years$40,000 to $59,99925 years$60,000 or more30 years2 more rows

You can usually only get student finance for your first higher education course. If you've already studied a higher education course, you might not get help for a second course. You can only have a maximum of 16 years of part-time funding. You will have to self-fund anything over this amount.

Respect the Debt Limit Level of education: UniversityDebt limitUniversity studies ? Undergraduate, programs 28 months or more$36 000University studies ? Master's degree, programs under 20 months$42 000University studies ? Master's degree, programs 20 months or more$48 0004 more rows ?

Maintenance loans table for England for 2023/24 Household IncomeLiving at homeLiving away from home (in London)£62,343£3,698£7,603£65,000£3,698£7,217£70,000£3,698£6,491£70,040+£3,698£6,4859 more rows ?

Tuition fee loans are generally paid directly to your university or college so generally you won't see the money. Maintenance loans are paid on a sliding scale ing to your needs. These are means tested by your household income, which for most young people effectively means that of their parents.

The Economic Value of Higher Education The U.S. Census Bureau has reported that those with bachelor's degrees earn nearly 2 million dollars, associate's degrees nearly 1.5 million dollars, and high school diplomas nearly 1.2 million dollars during their careers.

Workers with a high school diploma typically earn more than those without a high school diploma. Those with a 4-year bachelor's degree earn more than those with a 2-year associate's degree. Professionals with a master's degree or professional degree earn more than those with a bachelor's degree.