Cultivate your wisdom with an interest-free degree
Named after the ancient Greek philosopher, Xenophon College London (XCL) stands for intellectual exploration, critical thinking, and ethical conduct which are all hallmarks of classical Greek philosophy. The name Xenophon, meaning “foreign voice,” reflects the institution’s commitment to fostering a diverse academic community that values a wide range of perspectives and ideas.
Just as Xenophon was a bridge between cultures in his time, XCL aims to build cross-cultural understanding and innovation in the modern world. Its educational approach draws on the rich traditions of classical education while embracing the techniques and challenges of the 21st century.
XCL offers undergraduate and postgraduate courses in business, management, computer science, and psychology to UK and international students, with degrees validated by the University of Chichester. Set up by the Italian Niccolò Cusano University, XCL aims to merge education, innovation, and entrepreneurial projects to create an engaging and sustainable learning community. The college operates two campuses in Bloomsbury, central London, and Wye, Kent.
Consistent with its commitment to access and its belief in the value of the education it provides, XCL has partnered with StepEx to introduce the ”FlexiPay” plan. This offers home and international undergraduates and postgraduates the opportunity to pursue a UK degree while paying for their tuition with a series of monthly instalments, free from any interest charges. XCL takes pride in being the first UK higher education institution to provide this innovative solution to such a wide range of students.
Key Features of the Xenophon FlexiPay Plan
Interest-Free Degree: With FlexiPay you can make timely payments to cover your tuition fees without incurring any interest charges. The total amount you repay is the same as the upfront tuition fee amount (excluding the set-up charge). While administrative fees may be imposed for missed payments, no interest will be added to the outstanding amount.
To cater to diverse needs, XCL has made available four payment plans:
- the Accelerated Plan
- the Standard Plan
- 5-year Deferred Plan
- 10-year Deferred Plan
Repayments commence either from the course start date or three months after graduation, with repayment periods ranging from one year to a maximum of ten years.
Payment holidays: All of the plans provide the flexibility of a three-month payment holiday, allowing you to temporarily pause your instalment payments during challenging financial periods. Please note that a charge applies for utilising this option.
For more information on Xenophon and the their qualification criteria please visit the Xenophon website here.
How to apply for a FlexiPay Plan
Review the course options available at Xenophon and consider the plan type that suits you best.
Assess whether a FlexiPay Plan is right for you. You can calculate the amount you would need to repay each month by dividing your total course fees by the number of months allowed for repayments in your chosen plan type (noting that the minimum repayment amount is £100 per month).
Once you have selected your desired course, apply to XCL for a place. After you receive your offer, proceed to StepEx to determine your eligibility for a FlexiPay loan, which can be applied to your tuition costs.
The application process includes identity verification, employment eligibility, and an assessment of your financial position, including credit history, income, and expenses. Please have your passport and access to your mobile banking application ready when you apply. The cost for these checks is £20, and you will receive a response within a few days, indicating whether you qualify for a FlexiPay loan and the approved amount.
Upon successful application and enrolment at XCL, StepEx will make XCL aware that you have been approved for a StepEx FlexiPay loan and your tuition fees will automatically be reduced by your FlexiPay loan amount.
If you have chosen the Accelerated or Standard plan, you will need to commence monthly payments to StepEx from the start of your course. For Deferred plans, repayments begin three months after graduation.
Embark on your journey to an interest-free degree with XCL. Apply now to secure your place and seize this ground-breaking opportunity.
Ready to get started? Choose your course below and click the button. Good luck!
Details of the Accelerated Plan
This plan is designed to help those who wish to repay their education costs as quickly as possible without having to make a large payment upfront.
Repayments are set at an equal monthly amount evenly spread over your period of study, starting with a payment in the first month of your course, with a total value equal to the tuition fee charge plus the setup costs and platform fee, with no interest added.
So, a one-year course could be paid for with 12 equal monthly instalments, while a three-year course would be paid over thirty-six (36) monthly instalments.
For example, a 1-year postgraduate course delivered through Distance Learning (remote) which ordinarily costs £9,000 upfront could instead be paid for with an application fee of £20, a set-up fee of £200 and then 12 monthly payments of £750, for a total of £9,220.
Details of the Standard Plan
This plan spreads the repayment schedule over a longer period, making monthly payments more manageable. The repayment period is a maximum of double the length of study. So, you would have two years (24 months) to pay for a 1-year postgraduate course, or 6 years (72 months) to pay for a 3 year undergraduate course.
Some examples are shown in the table below:
Amount of voucher
Course length
Monthly Repayments
Term (length of payment obligation)
Total repayments (excludes £220 setup fee)
£9,000
1 year
£375
2 years
£9,000
£13,500
1 year
£563
2 years
£13,500
£18,000
1 year
£750
2 years
£18,000
£24,000
3 year
£333
6 years
£24,000
£39,500
4 year
£411
8 years
£39,500
£55,000
4 year
£573
8 years
£55,000
| Amount of voucher | Course length | Monthly Repayments | Term (length of payment obligation) | Total repayments (excludes £220 setup fee) |
|---|---|---|---|---|
| £9,000 | 1 year | £375 | 2 years | £9,000 |
| £13,500 | 1 year | £563 | 2 years | £13,500 |
| £18,000 | 1 year | £750 | 2 years | £18,000 |
| £24,000 | 3 years | £333 | 6 years | £24,000 |
| £39,500 | 4 years | £411 | 8 years | £39,500 |
| £55,000 | 4 years | £573 | 8 years | £55,000 |
Details of the 5-Year Deferred Plan
Exclusively available in the UK and the EU, for postgraduate students only, the 5-Year Deferred Plan defers all repayments until three months after graduation. After this period, your course fee amount is split into equal monthly payments for the subsequent 5 years.
Deferred – 5 year Plan repayment examples:
Amount of voucher
Course length
Monthly Repayments
Term (length of payment obligation)
Total repayments (excludes £220 setup fee)
£9,000
1 year
£150
5 years
£9,000
£10,500
1 year
£175
5 years
£10,500
£12,000
1 year
£200
5 years
£12,000
£13,500
1 year
£225
5 years
£13,500
£18,000
1 year
£300
5 years
£18,000
Details of the 10-Year Deferred Plan
Exclusively available in the UK and the EU, for postgraduate students only, the 5-Year Deferred Plan defers all repayments until three months after graduation. After this period, your course fee amount is split into equal monthly payments for the subsequent 10 years.
Deferred – 10 year Plan repayment examples:
Amount of voucher
Course length
Monthly Repayments
Term (length of payment obligation)
Total repayments (excludes £220 setup fee)
£18,000
3 years
£150
10 years
£18,000
£22,500
3 years
£188
10 years
£22,500
£24,000
4 years
£200
10 years
£24,000
£27,000
3 years
£225
10 years
£27,000
£30,000
4 years
£250
10 years
£30,000
£31,500
3 years
£263
10 years
£31,500
£36,000
4 years
£300
10 years
£36,000
£39,500
4 years
£329
10 years
£39,500
£45,000
3 years
£375
10 years
£45,000
£55,000
4 years
£458
10 years
£55,000
Eligibility for each agreement by course and citizenship
Eligibility for each plan is determined by the availability of capital. Unfortunately, this means that some plans are restricted to certain courses and to nationals of certain countries. We are unable to make any exceptions to these rules at this time. However please not we strive to expand the coverage of these products in future. If the country that you are a national of is not listed, please contact us and we will let you know which products you may be eligible for.
Domicile/level of degree
Accelerated
Standard
Deferred (5YR)
Deferred (10YR)
UK – undergraduate
Yes
Yes
No
Yes
UK – postgraduate
Yes
Yes
Yes
No
EU – undergraduate
Yes
Yes
No
Yes
EU – postgraduate
Yes
Yes
Yes
No
Bangladesh – UG/PG
Yes
Yes
No
No
Canada – UG/PG
Yes
Yes
No
No
India – UG/PG
Yes
Yes
No
No
Nepal – UG/PG
Yes
Yes
No
No
Pakistan – UG/PG
Yes
Yes
No
No
Turkey – UG/PG
Yes
Yes
No
No
Nigeria – UG/PG
Yes
No
No
No
Somalia – UG/PG
Yes
No
No
No
