Ways to pay with The Open University if you live in England
Thinking about studying with The Open University?
In the dark about your payment options?
Let us shed some light on the matter.
If you live in England, there are up to 5 ways to pay, making study much more
affordable than you might think.
First up, the Tuition Fee Loan.
Tuition Fee Loans are the most popular payment method for first-time undergraduate
students of all ages – and the good news is part-time students can now apply for
If you’re eligible, the government lends you your fees, and you pay them back in
affordable monthly instalments.
There’s nothing to pay for up to 4 years, then after that you only make repayments if
you’re earning more than £21,000.
Say you earn £25,000 a year. You’ll pay back £30 a month – the same as a mobile
And, if your earnings fall below £21,000, because of a change in your financial
circumstances - your payments stop.
You’re not committed to borrowing the cost of a full degree – you only borrow what
you need to cover the coming year’s tuition fees.
And it’s not like other types of debt – a Tuition Fee Loan doesn’t affect your credit
rating, so it won’t stop you getting things like a mortgage or a car loan.
After 30 years, any remaining balance you owe is written off, no matter how much is
Next up, you could qualify for financial support
If your household income is less than £25,000 a year, and you have little or no
experience of higher education, you could join our Access to Success Route.
And begin your studies for just £25!
Your third option is to pay as you go.
Want to manage your money as you go along?
Say hello to the OU’s student budget account OUSBA, our monthly payment
We calculate your annual fees then spread them out in monthly instalments, to save
you finding the full cost up front.
Next – have you thought about employer sponsorship?
The brilliant thing about OU study is that you don’t have to quit work to get your
degree – over 70% of our students earn while they learn.
And even more brilliantly, some of our students get financial help from their
employers – why not ask your boss to sponsor you?
After all, it will benefit them in the long run, and even if they don’t pay for all of your
studies, every little helps...
Last but not least, you can of course pay upfront for each module – by debit or
Right now, we’re helping over 250,000 students change their lives – can you afford
not to study with us?
To find out more about our payment options – which ones are available to you and
how much you’re likely to pay – visit www.openuniversity.co.uk/ways2pay or
call 0845 300 60 90.