Flexible tuition finance
Pay for your course over time
See the finance terms available for your Cranfield University course and apply separately for regulated finance from StepEx.
Finance is optional and separate from your course application. Approval is subject to eligibility and affordability checks.
If approved, the finance is applied towards eligible course fees and payments are made directly to the education provider under the applicable arrangement. Funds are not paid to you.
Finance offers for Cranfield University courses
Cranfield Full-Time MBA (60 months repayment term)
Future Earnings Agreement
Payable only while your evidenced monthly income is at or above £2,083.33 per month.
Representative example
The rules and financial parameters below are the fixed terms currently available for this finance offer. The amount and timing of your repayments will depend on your evidenced income. If your application is approved while these terms remain available, these rules will apply, subject to eligibility and affordability checks.
- Amount financed
- £20,000.00
- Charge for credit
- £34,200.00
- Representative APR
- 23.1%
- Income share
- 6%
- Minimum income threshold
- £2,083.33 per month
- Maximum number of income-linked repayments
- 60 monthly repayments
- Period in which repayments may become due
- up to 120 months
- Total amount payable
- £54,260.00
- Monthly platform fee
- £1.00
Monthly platform fee: £1.00. The monthly platform fee applies during both repayment and non-repayment months in accordance with the product terms. The total amount payable shown above includes the platform fees applicable across the number of income-linked repayments.
Fees payable separately before entering into the credit agreement
A non-refundable £20 information validation fee applies for each applicant who is not an existing borrower. This is not included in this representative example or in the total amount payable under the credit agreement.
Your upfront course-fee contribution (advance payment): £320. This is your own contribution towards the course fees. It is not borrowed, is not part of the amount financed, and is paid towards tuition alongside the financed amount. It is not included in this representative example or in the total amount payable under the credit agreement.
Cranfield Full-Time MBA (36 months repayment term)
Future Earnings Agreement
Payable only while your evidenced monthly income is at or above £2,083.33 per month.
Representative example
The rules and financial parameters below are the fixed terms currently available for this finance offer. The amount and timing of your repayments will depend on your evidenced income. If your application is approved while these terms remain available, these rules will apply, subject to eligibility and affordability checks.
- Amount financed
- £20,000.00
- Charge for credit
- £19,944.00
- Representative APR
- 32.9%
- Income share
- 12%
- Minimum income threshold
- £2,083.33 per month
- Maximum number of income-linked repayments
- 36 monthly repayments
- Period in which repayments may become due
- up to 72 months
- Total amount payable
- £39,980.00
- Monthly platform fee
- £1.00
Monthly platform fee: £1.00. The monthly platform fee applies during both repayment and non-repayment months in accordance with the product terms. The total amount payable shown above includes the platform fees applicable across the number of income-linked repayments.
Fees payable separately before entering into the credit agreement
A non-refundable £20 information validation fee applies for each applicant who is not an existing borrower. This is not included in this representative example or in the total amount payable under the credit agreement.
Your upfront course-fee contribution (advance payment): £320. This is your own contribution towards the course fees. It is not borrowed, is not part of the amount financed, and is paid towards tuition alongside the financed amount. It is not included in this representative example or in the total amount payable under the credit agreement.
StepEx finance for Cranfield University courses
Your course application to Cranfield University and your StepEx finance application are separate.
1. Apply for your course
Submit your course application directly to Cranfield University.
2. Review your finance offer
Review the payments, agreement term, charges and total amount payable shown for the finance offer available for your selected course.
3. Apply separately to StepEx
StepEx completes eligibility and affordability checks before making a lending decision.
4. Course fees are paid directly
If approved, the finance is applied towards eligible course fees and payments are made directly to Cranfield University under the applicable arrangement. Funds are not paid to you. You then manage your agreement through the StepEx portal.
Before you apply
Key information about eligibility, fees and managing your finance.
Eligibility and approval
You may be eligible to apply for StepEx finance if you:
- are applying for an eligible course delivered by Cranfield University; and
- meet StepEx's affordability and eligibility criteria.
Approval is not guaranteed. StepEx assesses all applications, and where demand exceeds available funding, not all applicants will be approved.
Costs and fees
All costs are shown clearly before you decide. Costs and repayment structures vary by offer, and the specific figures that apply are shown within each offer card. Depending on the course and finance option, these may include:
- a non-refundable £20 information validation fee applies for each applicant who is not an existing borrower;
- your upfront course-fee contribution (advance payment) of £320 — your own contribution towards the course fees, not borrowed and not part of the amount financed (paid to your training provider, separate from your StepEx finance);
- a platform or administration fee of £1 per month;
- interest or other charges for credit detailed in your credit agreement.
The total amount payable, any other charges and repayment schedule will be shown before you enter into any agreement.
Managing your finance
Your credit agreement is with StepEx Lender Ltd.
Repayments, balances, documents and account management are handled through the StepEx online portal.
You should be comfortable managing your agreement online.
Support is available through the StepEx portal, chat and email.
Regulated credit is provided by StepEx Lender Ltd, an FCA-authorised consumer credit firm (FRN: 824928), a wholly owned subsidiary of Step Exchange Ltd. Finance is subject to eligibility and affordability checks.
The education provider is responsible for delivering the course. This does not affect any rights you may have against StepEx under applicable law or your credit agreement.
Postal address: StepEx Lender Ltd, Complete HQ, 2 Bridge Court, Kingsmill Road, Saltash, Cornwall, PL12 6LS, United Kingdom.