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Student Loans are now split into two different types;
a tuition fees loan for full and part-time students which will cover the costs of the course fees until the time comes when you need to start paying it back,
Tuition fee loans are paid directly to the university or college that you're signed up to - though it's important to note that in the case of some private universities, this loan may not be enough to cover the course fees in entirety - check with the university to see how much the fees are and whether you will need to find alternative ways to source finance.
Maintenance loans are student loans that are paid straight into your bank account every term, and are calculated on your financial position. If your parents or partner earn above a certain income, the amount of money you can claim may be reduced. These loans are there to help you with your living costs, such as paying for your student digs (and associated bills), food, study materials such as books and travel. From 2012, every full-time student is eligible for 65% of the maximum loan amount, with the remainder assessed on income and any grants or bursaries you may have been awarded.
maintenance loans which are there to help you cover your living costs - although these are available to full-time students only.
Maximum loan amount
The maximum annual loan you can get in the academic year of 2012/2013 is £4,375 if you're still living with your parents, or £5,500 if you're responsible for financing your own student digs - rates are higher in London to account for the increased living costs.
Student Loans,Student Loans types,tuition fees loan,Maintenance loansArticle Source: http://EzineArticles.com/7233024
