Debt for Student Nurses - Would you like to pay this back quicker?
In England, nursing students are eligible for student loans from the Student Loans Company (SLC), which cover their tuition fees and provide a maintenance loan for living expenses. The amount of debt a nursing student in England may leave with can depend on the length of their course (e.g., three years for a Bachelor's degree), their living arrangements (e.g., living at home or away from home), and the maintenance loan amount they receive. As of September 2021, the maximum maintenance loan amount for nursing students in England is £9,488 per year for students living away from home outside of London, and £7,987 per year for students living at home or studying in London.
In Wales, nursing students are also eligible for student loans from the Student Loans Company, which cover their tuition fees and provide a maintenance loan for living expenses. However, the amount of debt a nursing student in Wales may leave with can vary depending on similar factors such as course length, living arrangements, and maintenance loan amount. As of September 2021, the maximum maintenance loan amount for nursing students in Wales is £9,625 per year for students living away from home outside of London, and £7,794 per year for students living at home or studying in London.
Therefore the average nursing student could be looking at £28,464 in Student Loans to be paid back.
If you would like to pay this back quickly we have many options in the private sector where the average nursing salary is £35,000 - £45,000 compared with the NHS where it is £25,655 to £31,534, if you would like further information regarding this and help with securing a new job please contact me.