StepEx tuition finance
Finance for King's College London courses
See the finance terms available for your King's College London courses, delivered by FourthRev, and apply separately for regulated finance from StepEx.
Finance is optional and separate from your course application. Your credit agreement would be with StepEx Lender Ltd. Approval is subject to eligibility and affordability checks.
- StepEx Lender Ltd — authorised and regulated by the Financial Conduct Authority (FRN 824928)
- Make your StepEx loan repayments by direct debit
- Manage your StepEx agreement online
Finance terms by course
Questions? Book a call
How it works
1. Get accepted onto your course
Have received acceptance onto your course from FourthRev.
2. Apply separately to StepEx
StepEx completes identity, eligibility, affordability and credit checks before making a lending decision. An application fee applies when you start identity verification; the amount is shown in each example.
3. Review your documents before you sign
Your pre-contract information, explanation and credit agreement show your payments, term, charges and total amount payable.
4. StepEx settles your course fees
If you sign, StepEx settles your financed course fees with FourthRev under its arrangement with them. You then repay StepEx monthly by Direct Debit and manage your agreement in the StepEx portal.
Before you apply
Eligibility and approval
To apply:
- you live in the UK
- you are applying for an eligible FourthRev course
- you have a UK bank account that can set up a Direct Debit
- you pass StepEx's identity, affordability and credit checks
Approval is not guaranteed.
Costs and fees
- Fixed credit charge: some finance options include a fixed charge, added when the credit is provided, instead of interest. Each example shows whether it applies and how much it is.
- Deposit: some courses require a deposit, paid to FourthRev and counted towards your course fees. It is not borrowed.
- Missed payments: if you miss a payment, charges may apply and it could affect your credit rating.
Managing your finance
- Your credit agreement is with StepEx Lender Ltd.
- Repayments are collected monthly by Direct Debit.
- Balances, documents and account management are in the StepEx online portal.
- For help, use the portal, contact StepEx or book a call.
If your circumstances change or you miss a payment
Contact StepEx as soon as possible if you are worried about making a payment. StepEx has a support process and will look at your circumstances. Missing payments could have severe consequences, including extra charges, and could make it harder or more expensive to borrow in future.
Your final documents and terms
Before you sign, StepEx gives you pre-contract information, an explanation of the agreement and the credit agreement itself. The figures in your documents are the ones that apply to you. You can withdraw from the credit agreement within 14 days of it being made. Withdrawing from the finance does not cancel your course place: speak to FourthRev about your course.
Provider responsibility and your rights
FourthRev does not provide credit or set repayment terms. 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.
Regulated credit is provided by StepEx Lender Ltd, authorised and regulated by the Financial Conduct Authority (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.