You don’t often hear the words ‘debt-free’ and ‘University’ in the same sentence (unless you live in Scotland) which is why I think you’ll find the following info from The Open University interesting…
The Open University is excellent value for money. It works out far less than studying with campus-based universities, especially as you won’t need to move away, or incur extra costs for accommodation and travel. If you live with your parents, their income won’t be taken into account, and because you can stay in employment, you can earn while you learn.
Earning less than £16,510 a year? You may be eligible to study for free
Studying for a degree at most universities is likely to leave you with a debt of at least £20,000. Pretty scary stuff when you consider how long it will take to pay back. The good news is that most of our degrees will set you back just £4,000, and better still, if you’re living with your parents and earning less than £16,510 a year you won’t have to pay a penny towards the cost of your study.
70% of our students balance study with working life
The beauty of an OU course is that you don’t have to turn your life upside down to get it on the right track. You can even make a start on the career you want and study at the same time. Just think about the extra benefits of earning while you learn! Not only will you have pots of extra cash to enjoy travel, treats and a good social life, the work experience will put you head and shoulders above other graduates when it comes to landing that dream job further down the line.
Avoiding student debt – what you can expect to pay
Costs vary from course to course, and the amount you pay will depend on where you live and the choices you make. However, to help you calculate the cost of your study we have provided an example route through a BSc (Hons) Psychology degree.
What is meant by household income?
Household income means your personal income plus that of your spouse or partner, if you have one. If you’re aged 18 or over and are living with your parents, carers, or step-parents, we do not take their income into consideration. If you are dependent on your family for support, or working full or part time, it’s your income we use to calculate any financial support we might give you. We will also take into consideration any financial commitments you have, such as dependent children.
