The British higher education system is considered to be one of the best in the world. It ranks second in the world ranking, just behind the United States. There is a reason why so many people, including Poles, think about starting their studies at one of the British universities.
The qualifications obtained in England allow for a better job, much higher salary, and thus - a higher standard of living than most studies in Poland provide.
I have a UK University Diploma - sound proud? Many people like you would like to say that, but often the lack of knowledge about funding opportunities for science in the islands causes us to quickly withdraw from our dreams.
What is a student loan
If you are applying for admission to study in the UK, you can apply for a government student loan. The loan is granted to people starting their studies in the UK without checking their credit history or guarantors. Such a loan also does not burden our family and does not affect our creditworthiness. The loan is granted for all years of study in a given field of study, plus one additional year, if one year of study is to be repeated. So in the case of undergraduate studies, we would get a loan for 4 years - 3 years of study and one spare year
Of course, the loan taken will have to be repaid, but the loan repayment is only valid when the work begins and the earnings reach a minimum of £ 2,143 per month. The loan repayment begins only when the earnings reach this level. As part of the repayment, 9% of each month will be taken from your salary. Also, if you return to Poland, a certain ceiling must be reached before the loan is repaid. This threshold is approximately PLN 4,000 per month.
If you decide to quit your studies
If you want to quit your studies before the start of the academic year, the loan will be canceled and you will not need to pay it back. If, on the other hand, you resign from studies during their duration, you will have to pay back only the part of the loan that has already been credited to the university's account. The loan costs also in this case, will be deducted from your account when you achieve sufficient earnings, until the entire debt is settled.