Funding and Finance

Funding and Finance

Tuition fees don’t have to be costly. We keep our prices competitive, with a few payment options to help make it more convenient. We’ve also included some ways you could get extra financial support during your studies at CU.

Can I get funding for degree course at CU?

Many of our UK students get a loan to pay their tuition fees, from Student Finance England. You might also be eligible for a maintenance loan to help with living costs. You don’t have to start paying your loans back until after you’ve completed your degree and are earning above a certain amount.

What am I paying for?

Tuition fees cover all of your classes, online tutorials, some of the learning materials and access to our Library & Learning Services. Full-time or part-time students can pay in four different ways for one academic year:

  1. Tuition Fee Loan from Student Finance England (SFE)
  2. Payment in full (online card, bank transfer, cheque)
  3. Payment in instalments (online card)
  4. Payment by your sponsor or employer

Before you pay

Please note: when you start your course and whether you are studying a Foundation Year will make a difference to your financial arrangements, so make sure you understand how this will affect you.

Cohort funding 

We offer 6 full-time intakes each academic year. This means students are able to select any one of these 6 intakes as their start date. The date you choose will impact on your student finance application and progression.

The Student Loans Company (Student Finance England, Wales, NI and SAAS) work on a 12-month academic year cycle, dependent on a student’s start date. This means that students are assessed for a 12-month academic year from the point at which they enter and can only have one start date in that period.

This means that students have to return to the next year of their studies at the same time that they originally started the course.

For example, January starters have a 12-month academic year from January 2020 to January 2021 so cannot progress until the end of the 12 months. They are not able to progress in September 2020, even if they have finished year 1 of their course, as this would cause them to have 2 start dates in a 12-month period.

We are legally bound by Student Loans Company regulations and have to follow these to ensure funding for our students. For students to receive full funding for their course, they must follow the rules stated above or self-fund the entire course.

Foundation Year Funding

Foundation courses are 4-year undergraduate courses that consist of 1 Foundation Year and 3 Degree years. Foundation years are not 1-year courses that stand on their own but are an integral part of a 4-year Degree programme.

In order to receive funding for these types of course, you must always make the Student Loans Company aware that you are completing a 4-year Degree course with a Foundation Year attached. This is the same whether you choose to continue within the Coventry University group or progress elsewhere.

Problems can arise if students decide to progress outside of the CU Group as other institutions may not offer four-year courses with a foundation year. This means that this will not be reflected in their student finance course list. In this situation, you may still be able to get funding, but will be required to contact your new institution to request that a 4-year option including a foundation year is added to the course list.

Otherwise, you may be liable for your foundation fees.

Unfortunately, CU Coventry does not have any control over these requests and are unable to support/guarantee this option. If you do change institutions and funding is not available for the foundation year, there are no timeframes for SFE to pull back the foundation year funding and this can happen at any time throughout the 4-year degree programme.


Payment

Tuition Fee Loan from Student Finance England (SFE)

If you are not intending to self-fund your course, it is important that you apply for student finance as soon as possible, as it usually takes up to six weeks to process, or sometimes longer during busy periods. You are able to apply through the government website. 

Student Finance England resources are available online to explain every step of the application.

If you have successfully applied for a tuition fee loan, your loan will cover the cost of your course upfront so you do not have to pay these fees directly yourself. Instead, these will be paid directly to us by Student Finance England.

You can also apply for your Maintenance Loan.

Payment in full

The easiest way to pay your fees is by bank transfer directly into the appropriate designated bank account or by online card payment using the secure online payment form.

Online card payments

CU Coventry accepts payment in full by most major debit and credit cards, with the exception of American Express and Diners Club card. You can pay in full by using our  online secure payment form as part of the enrolment process.

Bank transfer

You can also make your payment by bank transfer or internet transfer. Please email studentfinance.cuc@coventry.ac.uk for the bank details for transfer payment.

Please quote your Student ID number as the payment reference so that we can identify it upon receipt. This can be found on your offer letter.

Payments in person

You can pay in person at the Customer Service Desk at our Mile Lane location (CV1 2TU) by card, cheque and bankers draft. All major credit cards are accepted, with the exception of American Express and Diners Club card.

We cannot accept payments by cash.

Postal payments - cheques and bankers drafts only

Cheques should be made payable to CU Coventry. Please remember to write your full name and student ID number on the back of the cheque and send it to:

CU Coventry, Priory Street, Coventry, CV1 5FB.

Payment by instalments

If you would like to pay an agreed number of instalments using your debit or credit card you will need to sign up to this method of payment when you enrol on your course. We will then send you an email to confirm the dates and amounts of the instalments prior to the first collection. Instalment payments can be made using most major credit and debit cards, with the exception of American Express, Diners Club card, Maestro and Solo.

If you are a full-time student the instalments will be spread throughout the academic year.

Payment by your sponsor or employer

If a recognised sponsor or your employer has agreed to pay your tuition fees for you, we will invoice them when you enrol on the course. In order to do this a sponsorship letter must be provided prior to enrolment on company headed paper and include the following information:

  • Sponsor's full name, department, address and contact details (telephone and email)
  • Student’s full name
  • CU Coventry as the payee
  • Course title the student is being sponsored for
  • Course start date or academic year and stage being sponsored
  • Full amount of sponsorship
  • Purchase order or reference number that needs to be quoted on the invoice
  • Invoice address if different to sponsor's listed address

Sponsor letters are accepted on the terms and conditions of enrolment. Any sponsor invoice not paid will default back to the student directly who will then be liable for any debt incurred.


Funding

There are plenty of options to help make the cost of going to university more manageable. 

Student Finance - Maintenance Loans

UK-based undergraduate students may be eligible for a Student Maintenance Loan to cover everyday living costs while you study.

To see what funding you may be eligible for, and for more information on repaying student loans, head to the  Student Finance website.

Student Finance Extras

You may be eligible for further support that you don’t have to pay back:

  • Parents’ Learning Allowance for full-time students with children.
  • Childcare Grant for childcare costs with children under 15 (or under 17 for special educational needs).
  • Disabled Student Allowance, for the extra costs you may have due to a mental health problem or long-term disability.

Access - Advanced Learner Loan

The Advanced Learner Loan is available to those over the age of 19 (on the first day of your course) to cover the cost of your Access to HE tuition fees. If you go on to successfully complete a degree, the outstanding balance from your Access course will be written off. 

Scholarships for CU Coventry

Scholarships, grants and bursaries are financial aid for students that fit specific criteria. They can be specific to location, background or courses. Get in touch for help with your applications. View our


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