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UCAS statement on Future Finance

Posted Fri 6 September 2019 - 09:30

Our full response to Martin Lewis can be found here (831.78 KB)

UCAS is an independent charity. All our activities are funded by application fees, by universities and colleges, and through gift aid from the profits of our wholly-owned commercial subsidiary, UCAS Media Ltd. This helps us to keep the costs for students applying to university as low as possible.

UCAS Media works with companies that provide products and services which are likely to be useful for students, and offers a variety of ways of connecting with them, including email campaigns, which students have to actively opt-in to receive and can opt-out of at any time. We never sell applicants’ data – we send the mail campaigns on behalf of other organisations.

UCAS Media carefully considers which companies to work with and how to work with them. For example we will never partner with tobacco, alcohol, or gambling companies. UCAS is compliant with all relevant Charity Commission guidance, and the framework that determines which kinds of companies UCAS Media works with is regularly reviewed. 

UCAS always advises that the best option for students is a government-funded student loan, with information and signposting on our website, plus many additional pages on finance, including additional tips for students to manage their money.

Throughout their application, students will also receive multiple emails from UCAS that include instructions on how to apply for their tuition fee/maintenance loan through the Student Loans Company.

Future Finance is FCA authorised, and currently directly works with around thirty universities. Their website also makes it clear that a government-funded loan is the best option. Future Finance’s services are intended for students who have used all available financial support from the government, or are not eligible, and would like some extra money to cover additional expenses during their studies. This could be instead of using a credit card or other commercial lender, which students may also not be eligible for, should they choose to borrow money.


UCAS Press Office

01242 545 469

Notes for editors

UCAS, the Universities and Colleges Admissions Service, is an independent charity, and the UK's shared admissions service for higher education. We manage almost three million applications, from around 700,000 people each year, for full-time undergraduate courses at over 380 universities and colleges across the UK.

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