1. School of something FACULTY OF OTHER Educational Engagement Skipton Girls High School Student Finance Lisa Firth June 2015 (Non NHS-funded, full-time applicants from England)

2. Bursaries & Scholarships Tuition Fee Loan Maintenance (Living Cost) Support Additional Support The Student Finance Package Figures used in this section may change, subject to policy approval THE STUDENT FINANCE PACKAGE SUPPORT AVAILABLE TO STUDENTS INCLUDES:

3. What do we mean by student finance? Financial support available to students progressing to higher education Student finance outline Supplemented by part-time job, bursaries, scholarships or maybe a parent/carer contribution Some funding is repayable but some isn’t Either from a) the Government (through Student Finance England) or b) their University

4. C Costs of Study TUITION FEE LOAN / FEE WAIVER LIVING COSTS LOAN + GRANT OR LIVING COSTS LOAN + ASSESSED PARENTAL CONTRIBUTION PLUS bank overdraft, part-time job, bursary/scholarship etc Books, printing, photocopying Socialising/leisure activities Rent, food, bills Clothes, laundry, toiletries Tuition Fees Transport

5. TUITION FEES & LOANS OVERVIEW Universities and colleges* can charge new full-time students up to £9,000 per year (£6,750 part-time) for tuition fees Eligible students won’t have to pay any tuition fees up front A Tuition Fee Loan is available to cover the fee charged by the university

6. SLC pay tuition fee direct to the institution Not ‘means-tested’ (so they don’t look at household income) Up to the full cost of the course available to borrow Repayable after graduation Tuition Fee Loan

7. Living Cost Loan 2.Living Cost Loan (aka Maintenance Loan) Paid directly to the student 3 times a year by Student Finance England Partially means-tested so most students will be eligible for most of the loan Repayable after graduation

8. Living Cost Grant (aka Maintenance Grant) Key terms explained Paid directly to the student by Student Finance England 100% means-tested – sliding scale up to £42,620 household income Non Repayable May reduce the amount of Living Cost Loan a student is given

9. How much grant a student can get depends on their household income (100% means tested) Household income thresholds for 2014/2015: MAINTENANCE SUPPORT Household Income: Up to £25,000 Household Income: Up to £42,620 Full Grant of £3,387 Partial Grant OVERVIEW

10. Government support for living costs: Example for those living outside the family home but not in London. Government Financial Support

11. Combined maintenance (living costs) funding Household incomeMaintenance LoanMaintenance GrantTotal £25,000 or less£3,862£3,387£7,249 £30,000£4,335£2,441£6,776 £35,000£4,808£1,494£6,302 £40,000£5,282£547£5,829 £42,875£5,555£0£5,555 £45,000£5,341£0£5,341 £50,000£4,836£0£4,836 £55,000£4,331£0£4,331 £60,000£3,826£0£3,826 Over £62,500£3,610£0£3,610

12. Applying online to Student Finance England To get your money in time for the start of the 2016 to 2017 academic year you must apply by: 31 May 2016 Full-time and part-time students can apply online to Student Finance England. Set up a student finance online account. Log in and complete the online application form. If needed, include details of your household income. Parents will need to support the application. Usually, within 6 weeks you’ll get a loan declaration in the post - sign and return it. Government Financial Support

13. NHS covers the fees for many of their courses: Nursing (Adult, Child, Mental Health) Radiography Midwifery Medicine and Dentistry AFTER Year 4 NHS support for living costs paid direct to student: Living costs loan (NOT means-tested. Repayable) Maintenance grant (NOT means-tested. Non-repayable) NHS bursary (Means-tested. Non-repayable) NHS Funding (2015)

14. 1. If you earn £25,000 p.a., how much will your annual student loan repayment be? Loan Repayment

15. 1. If you earn £25,000 p.a., how much will your annual student loan repayment be?£360 Loan Repayment

16. 1.If you earn £25,000 p.a., how much will your annual student loan repayment be?£360 2. If you earn the same, will your monthly loan repayments be higher if your course costs £9,000 p.a. compared to someone whose course costs £6,000 p.a.? Loan Repayment

17. 1. If you earn £25,000 p.a. how much will your annual student loan repayment be?£360 2. If you earn the same, will your monthly loan repayments be higher if your course costs £9,000 p.a. compared to someone whose course costs £6,000 p.a.?No – they will be the same Loan Repayment

18. Student Loans Company: Loan Repayment You repay 9% of income earned above £21,000 per year: Loan Repayment Annual Income (£) Amount over threshold (£) Annual repayment (£) Monthly repayment (£) % of gross income £21,000£0 0 £22,000£1,000£90£7.500.41 £25,000£4,000£360£301.44 £30,000£9,000£810£67.502.70 £40,000£19,000£1,710£142.504.28

19. Government Loan Interest Interest is payable from day one Interest is charged at RPI + up to 3% BUT the amount of interest charged does not affect the size of your monthly repayments Government Financial Support

20. Repayment details Repayment direct from wages Repay 9% of income over £21,000 only (April after graduation) Example - £22,000 a year salary, you repay 9% of £1,000 so £90 a year (or £7.50 a month) Income drops below £21,000 a year then repayments automatically stop Student loan balances written off after 30 years Government loan repayment details

21. Key messages: No up-front tuition fees Annual loan repayments are lower BUT will repay for longer and may repay more overall Monthly loan repayments are the same whether the course costs £6,000 or £9,000 Student loans are different to other forms of borrowing Repayments are through the tax system and may be viewed as a sort of graduate tax/contribution Government Financial Support

22. Disabled Students’ Allowances provide help towards the additional costs that a student may face as result of their disability, long-term health condition, mental-health condition or specific learning difficulty: DSAs Support: Is available in addition to the standard student finance package, Does not have to be repaid, Is not affected by household income, Looks at the specific needs of the individual in relation to their circumstances and studies Students need to be aware the DSA application process can take up to 14 weeks! ADDITIONAL SUPPORT DISABLED STUDENTS’ ALLOWANCES

23. DSA Rates 2014/15: Allowance Part-Time Maximum Support Full-Time Maximum Support Frequency of Payment Non-medical personal helper £15,543£20,725Annual Specialist equipment£5,212 Duration of Course Other disability-related expenditure £1,305£1,741Annual Disability related travel No Limit – Reasonable spending can be claimed ADDITIONAL SUPPORT DISABLED STUDENTS’ ALLOWANCES

24. What DSAs can pay for You can get help with the costs of: specialist equipment, like computer software non-medical helpers, like a note-taker or reader extra travel costs you have to pay because of your disability other costs, like photocopying Government Financial Support

25. Your DSA ‘needs assessment’ Student Finance England will ask you to contact an assessment centre to work out what help you need. After the assessment, you’ll get a report listing equipment and other support you can get for your course. How DSAs are paid Money is paid directly to who provides the service or equipment or into your bank account Government Financial Support

26. Apply online at gov.uk/studentfinance as soon as possible to make sure student finance is in place for the start of their course Register on UCAS and we can let students know when it’s time to apply They do not need a confirmed place at university or college to apply Make a note of their account log-in details and keep them safe Agree to share information from their application, this helps apply for many bursaries and some scholarships Students will be assessed for non means tested support if there are any delays in receiving household income information APPLICATION INFORMATION KEY MESSAGES

27. APPLICATION INFORMATION COMPLETING AN APPLICATION Before starting an application, students should have the following to hand: Passport - SFE can check identity using valid UK passport details University and course details Bank account details and National Insurance number If parents or other sponsors will be supporting a students application, they will need their own account on GOV.UK and provide information including: National Insurance number(s) Household income information Details of other child dependants If sponsors can’t submit income details online, they should send a photocopy of evidence including: P60s, Pay slips or Tax returns

28. 1. All universities charging the same fees will have the same package of financial support. FALSE 2. You will have to repay funding from your university once you have graduated and are earning over £21,000 p.a. FALSE 3. University scholarships are only available to the most academically able. FALSE University Funding-Dispelling Myths

29. Leeds Financial Support: Automatic support based on income To charge the £9k tuition fee we must provide additional funding for those liable for full fees No separate application Non-repayable and not competitive Informed from mid-September Eligibility: On a course for which the £9k tuition fees are payable University of Leeds Funding

30. Leeds Financial Support 2016 Non-repayable ‘Choice’ model: cash bursary, accommodation or fee waiver University of Leeds Funding Household IncomeSupport in Year One, Two and Three £0-£10,000£2500 £10,000 to £25,000£2,000 £25,001 - £30,000£1,500 £30,001 - £36,000£1,000 £36,601 - £42,600£500

31. Automatic support based on grades Academic excellence scholarships offered in some faculties and schools. For example: Dean’s Excellence Scholarships: up to £4,000 for those achieving at least A*A*A for Chemistry, Maths, Physics A*AA for Engineering, Computing, Food Science, Faculty of Business ‘ Accounting & Finance Head Start Achievement Scholarship’: £2,000 for those gaining at least 480 UCAS points University Financial Support

32. Non-automatic support: pre-entry application scholarships Funded through alumni or business Separate application needed – highly competitive Short-listing favours those from less advantaged backgrounds Selection through panels of judges Include additional pastoral care and employability skills development University of Leeds Funding

33. University of Leeds Scholarships (2015) Leeds Scholarship provides £3000 p.a. cash for living costs to successful applicants who meet the following criteria: From a household with an income of £42,620 or below Liable for the full £9,000 fees and not receiving a fee subsidy/waiver Non NHS funded courses DEADLINE: April 2015 University Financial Support

34. University of Leeds Non-Automatic Support (2015) Separate application required; not repayable and highly competitive HSBC Scholarship provides a tuition fee waiver £7000 plus £3,000 p.a. cash to successful applicants who meet the following criteria: From a household with an income of £42,600 or below Achieve at least AAB at A level Liable for the full £9,000 fees and not receiving a fee subsidy/waiver Not in receipt of any other scholarship or bursary DEADLINE: April 2015 University Financial Support

35. Web addresses: www.leeds.ac.uk/yourfinances (University of Leeds funding site) www.gov.uk/student-finance (Student Finance England) www.nhsbsa.nhs.uk (NHS Students) www.moneysavingexpert.com/students (impartial guide to student finance in England) ugscholarships@leeds.ac.uk – Undergraduate Scholarships Further information

36. What is Access to Leeds (A2L)? A2L is an alternative entry scheme Aim to recruit the brightest students with the most potential regardless of background Understand the context of an applicant’s academic achievements Includes all University of Leeds undergraduate courses Access to Leeds Educational Engagement

37. Gain special consideration from admissions tutors Opportunity to receive an A2L course offer Take part in the A2L module Gain university tuition before the start of your course Additional consideration for scholarships Opportunity to participate in pre registration activities Access to Leeds Educational Engagement Why apply to A2L?

38. A2L Alternative Offer If applicants are successful and receive an offer, they will receive a standard offer and alternative offer Example for BA Geography Standard Offer: AAA A2L offer: ABB with a pass in A2L module To keep the A2L offer applicants must: Make the University of Leeds your firm choice via UCAS A2L does not guaranteed an offer; Students do not have to take up the A2L offer Access to Leeds Educational Engagement

39. Eligibility Criteria – applicants meet at least 2 of the following: From a household with an annual income of up to £25,000 OR Received free school meals during your GCSE studies In first generation of your immediate family to apply to HE From a school achieving less than the national average of students achieving 5 A*- C GCSEs (including English & Maths or equivalent) Living in or have been brought up in public care Live in a geographical location with low progression to HE Only HE option is to study at a local university Studies have been disrupted by circumstances in their personal, social or domestic lives Access to Leeds Educational Engagement