Student Loans
Student loans and grants in the United Kingdom are primarily provided by the government through the Student Loans Company (SLC), a non-departmental public body. The Student Loans Company is itself divided into Student Finance England, Student Finance Wales and Student Finance Northern Ireland. The Student Awards Agency for Scotland assesses any and all of applications in Scotland.
Most undergraduate university students resident in the United Kingdom are eligible for student loans and as well as that, some students on teacher training courses may also apply for loans.
The Student Loans Company is split into Three departments namely Student Finance England, Student Finance 
Wales & the Student Finance Northern Ireland.
The Student Awards Agency for Scotland assesses applications in Scotland. Most undergraduate university students living in the UK are eligible for student loans. Teacher addition, some students also apply for additional loans.
After the second World War, most Local Education Authorities (Leah) paid tuition fees for students & also provided what is known as a maintenance grant, the idea being to help with living expenses and there was not a requirement for this to be repaid. The Education Act 1962 made it a legal requirement for all of Leah to give full time university students this grant.
Eligibility for a Loan
Students must meet two qualifications requirements: Personal eligibility and training institution eligibility. Personal benefit primarily the student residence status. To achieve the course institution eligibility, the student must be studying to have an undergrad degree at a UK degree-awarding institution, or other certified higher education establishment. Additionally, students on individual teachers, youth and community worker courses are also entitled to student loans Company support.
And the Tuition Loan?
All full-time students have entitlement to a tuition fee loan to pay for the full cost of tuition fees. For the academic year 2009/10, the universities are entitled to charge up to £3225, except in Scotland where students do not pay for tuition. In the 2010 2011 academic year, tuition will increase to £3290.
Then there’s Maintenance loans
All qualified students are also eligible for a upkeep loan, which is designed to assist in paying for living expenses while at university. All students are entitled to a lump sum, with those living at home are entitled to less and those that live on the University of London entitled to more. For the academic year 2009/2010 was the maintenance loan fixed at £2763 for students living at home, £4998 for students living in London, and £3564 for students living in university elsewhere in the UK.
Students from households with lower incomes may make an application for their loans to increase. For the 2009/2010 academic year, was resident student is entitled to an extra £1075 (bringing the overall lending for £3838), students who live in London, was entitled to an extra £1940 (bringing the total lending for £6928) and students who live elsewhere in the United Kingdom was entitled to an extra 1386 (bringing the total lending for £4950). The exact threshold for classification as a low-income households varies depending on which country the British student living in, and lies between two bands, with very poor students to obtain the full extra money and less poor students receiving only a partial extra amount.
As well as being entitled of a higher loan, students from low income families are also eligible to a support grant, which need not be repaid. As with additional maintenance loan, differ the precise limit to be classified as a low income household, determined by which country the British students are living, and lies between two bands of very poor students who receive the full benefit and less-poor students only receive a partial subsidy.
“For the 2009/2010 academic year, students from England and Wales are entitled to student loans grant of up to £2906, students from Scotland £2105 and students from Northern Ireland £3406.