Presentation is loading. Please wait.

Presentation is loading. Please wait.

50 Park Place, Cathays Park Campus 2nd Floor, Cardigan House, Heath Park Campus Student Funding 2009-10.

Similar presentations


Presentation on theme: "50 Park Place, Cathays Park Campus 2nd Floor, Cardigan House, Heath Park Campus Student Funding 2009-10."— Presentation transcript:

1 50 Park Place, Cathays Park Campus 2nd Floor, Cardigan House, Heath Park Campus Student Funding

2 How will I fund my time at university?  Student Loan  Tuition Fee Loan  Grants  Additional Funding  Budgeting

3 Key Welsh students English students Scottish students Northern Irish EU Students

4 Variable Tuition Fees  Tuition Fee Loan available to all students to pay for fees  Paid directly to the University by Student Loans Company  Student repays after finishing their course

5 Variable Tuition Fees  Annual Flexible fee is £3,225  UNLESS you normally live in Wales/EU AND study in Wales –Tuition fee grant of £1,940 so max TF loan needed is £1,285

6 Student Loans Tuition Fee LoanMaintenance Loan (loans/grants for living costs only apply to EU students who have the required UK residency)  Does NOT depend on household income  Max £3,225  Has to be repaid  DOES depend on household income  Max £4,745 Wales £4,950 England  Has to be repaid

7 Student Grants Assembly Maintenance Grant  DOES depend on household income  Maximum £2,906  Does NOT have to be repaid  DOES depend on household income  Maximum £2,906  Does NOT have to be repaid Learning Grant

8 Living Costs Household Income Assembly Learning Grant Maintenance loan* *For students living away from home Total each year £18,370£2,906£3,457£6,363 £25,000£1,775£3,457£5,232 £35,000£517£4,228£4,745 £39,329£50£4,695£4,745

9 Living Costs Household Income Maintenance Grant Maintenance loan* *For students living away from home Total each year £25,000£2,906£3,497£6,403 £34,000£1,106£4,397£5,503 £40,000£711£4,595£5,306 £50,020£50£4,925£4,975

10 Additional funding from LEA Special Support Grant Childcare grant Parent’s Learning Allowance Adult Dependant’s Grant Disabled Student’s Allowance – PN1 form Means- tested Non means- tested

11 How do I repay my loans?  Tuition fee & Maintenance loan are repaid depending on your income  Start repaying once earning more than £15,000  Payments taken out of your wage by your employer Earnings per yearRepayment per month £18,000£22 £24,000£67

12 Repayment “Holiday”  Change for English students in  Graduates have the choice of putting repayments on hold for up to 5 years  From April 2012

13 Applying for student funding  Form PN1  Download forms or apply online:  Apply Feb 2009 onwards Apply Feb 2009 onwards

14 Additional Funding from Cardiff University

15 Cardiff University Bursaries Based on household income * figures Household incomeBursary each year* Under £25,000£1050 £25,001- £39,300£500 Over £39,301£0

16 Cardiff University Scholarships  £3,000 paid over length of degree  Based on academic merit  Check on web if department offers Scholarships  Automatically considered  Make Cardiff your firm choice (check web for cut off date when applying)

17 Additional help from Student Support  Financial Contingency Fund  Care Leavers  Emergency Loans  Educational grants and Trusts

18 Student Budget OUT GOING MONEYINCOMING MONEY Self catered halls£810Maint Loan£1,152 Food£450ALG£876 Toiletries/laundry£45Bursary£350 Books/copying£117 Travel (inc. travel home) £90 Telephone£79 Social/leisure£330 Clothes£75 TV License£35 Total£2,031Total£2,378 Average Termly incomings & outgoings for student in Halls Sept – June

19 How much will I have left per week? Incoming money Outgoing money £2378 per term £2031 per term Total left£347 per term £347 divided by 12 weeks = £29 spare P/W Minus Figures taken from a Welsh household with an annual household income of £20,000 Student funding figures from 2009/10

20 Useful web addresses

21 Contact us 50 Park Place, Cathays Park Campus nd Floor, Cardigan House, Heath Park Campus


Download ppt "50 Park Place, Cathays Park Campus 2nd Floor, Cardigan House, Heath Park Campus Student Funding 2009-10."

Similar presentations


Ads by Google