National Motorsport Academy

UK Undergraduate Student Loans

Accelerate YOUR Motorsport Career!​

You can afford to study for a Bachelor's degree in motorsport engineering

Here at the National Motorsport Academy we understand that studying for a university degree on campus is not always possible. Many students would not be able to fit study around a full time job and family commitments. For many capable enthusiasts who have always wanted a career in motorsport, obtaining the necessary degree has seemed impossible. Now mature students have been given a second chance and college/school leavers have the opportunity to earn while they learn and gain practical motorsport experience as they study for their degree.

With a tuition fee student loan, even mature students can forget about paying fees and concentrate on becoming a qualified motorsport engineer. Even if you already have a degree in a non-related subject, you are still eligible for a student loan (or a second student loan) to study an engineering subject.

It is important to note that student loans are not based on household income or means tested, consequently the majority of students in England and Wales will qualify (N. Ireland and Scotland will vary).

In a nutshell, this means that the government will be paying your tuition fees, and repayments will only commence after four years or when you finish your studies, but only when you earn £25,000 per year or more. Otherwise, you do not have to repay.

Questions? Contact our Support Team now!

Example of Student Loan Repayments

These are based on the current repayment threshold of £25,000 per year.

This threshold will increase in the future in line with inflation, therefore your earnings will be higher before repayments commence.

Annual income before taxApprox monthly salaryApprox monthly
repayment
Repayments are 9% of your income ABOVE £25,000
£25,000£2,083£0
£27,000£2,250£15
£29,500£2,458£33
£31,000£2,583£45
£33,000£2,750£60

Further Information

For more information see Martin Lewis’ excellent Guide to Part Time Student Loans at the Money Saving Expert website, or see the article on the Money Saving Expert website.

You can also visit the Student Finance England website—although the information is not all in one place and you will have to click onto different sections of the website. For your convenience here is a link to the loans guide from Student Finance England.

Student finance eligibility is different if you live in Wales, Scotland and Northern Ireland:

Or contact admissions@motorsport.nda.ac.uk  with any questions you may have.

" Student loans are one of the cheapest and safest forms of long-term borrowing possible. The massive advantage over normal borrowing is you only repay if you earn enough, and if you lose your job, repayments stop. "
Martin Lewis
Money Saving Expert — Part-time Student Guide
" The amount you repay is based only on what you earn, not what you borrowed – therefore no matter how much you take out in loans, you’ll pay the same back each month. "
Martin Lewis
Money Saving Expert — Part-time Student Guide