Study at

with EdAid

EdAid provides an alternative to traditional student loans.

We enable future City University of London students to access fair, affordable finance to pay for their studies.


We believe that access to education should be universal & that financing your education should not be a barrier to economic empowerment.

How it works

Students pay a small deposit upfront. The balance is payable post-graduation via income-contingent payments.

step 1


​​Funding up to £20,000 for Post-Graduate Courses Only. Payments linked to future earnings. Zero interest charges. Index-Linked.

step 2


1. Initial selection by University 2. Identity & verification checks via EdAid platform 3. Sign Deferred Payment Plan Contract

step 3

Deferred Payment Plan

Only pay when earning. 10% of monthly Income until fully paid. Fully flexible + Employer student loan contributions.​

The Important Stuff

Before Class Begins

Will you do a credit check? Does this hit my credit?

We may well do a soft credit check, but this will not leave a record on your file.

What we are really interested is ensuring your repayments are affordable, rather than what your banking/credit history is.

Do you need my NI Number?

Yes, you will need to provide your NI Number as part of our identity verification process.

How soon will I know I am approved?

Subject to correct information being supplied by you, within 1 working day.

Do I need a co-signer?

No. There is no need for a cosigner.

Can I be declined?

Once selected for funding by your University. You will only be declined if the information you provide is untrue, it would not be in your best interests to burden you with greater financial responsibilities or you fail to pass basic fraud & identity checks.

Can I take out additional funds for laptop rental and other costs?

No. We are unable to provide funding for additional costs at present.

Is there application support before being approved?

Yes, the team from EdAid are on hand to support with any questions you may have.

Who can I speak with for more information regarding my funding status?

You can contact EdAid via [email protected] at any time.

After Class/When Repayment Begins

What if I can’t find a job?

The team from EdAid will be on hand to provide career support and interview prep.

When does payment begin?

You become eligible to start paying 3 months after your course completes. However, payment only commences when you start earning.

What if I can’t pay?

If you are not earning, then payments are suspended until you are earning. There is no penalty or fee for non-payment when you are not earning.

Can I pay ahead of schedule? Is there a early-payment penalty?

Yes, you can pay ahead of schedule and there are no penalties for early-payment.

Can my Deferred Payment Plan be sold to a 3rd Party?

There are no plans to sell on any agreements. If they ever were transferred to a 3rd party the terms of your agreement would not change.

Will I have to pay interest?

No. There are no interest charges. There are however, inflation charges linked to the Retail Price Index measure of inflation. In 2017/18 this was 2.9%.

Will I have to pay more if I am hired for a higher-paying job?

No. This is a Deferred Payment Plan, not an income share agreement. Therefore the total amount you repay will be the cost of your course + any inflation charges.

For more information on EdAid and our Deferred Payment Plan you can contact us at [email protected].