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STUDENT FINANCIAL SUPPORT 2014 ENTRY WWW.IMPERIAL.AC.UK/STUDENTFINANCE GERRY GREYLING.

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Presentation on theme: "STUDENT FINANCIAL SUPPORT 2014 ENTRY WWW.IMPERIAL.AC.UK/STUDENTFINANCE GERRY GREYLING."— Presentation transcript:

1 STUDENT FINANCIAL SUPPORT 2014 ENTRY GERRY GREYLING

2 INTRODUCTION 2 Let’s talk cost Types of Funding Government Funding Institutional Funding Imperial’s Finance Calculator Scholarships Additional Help once you’re at College IMPERIAL COLLEGE LONDON STUDENT FINANCIAL SUPPORT

3 LET’S TALK COST Cost of Living Weekly (£) 39 Weeks (£) 52 Weeks (£) Accommodation1455,6557,540 Food and Utilities552,1452,860 Travel (Zones 1-3 with 18+ Student Oyster) ,248 Personal501,9502,600 Books and Course Costs Total£284£11,076£14,768 IMPERIAL COLLEGE LONDON STUDENT FINANCIAL SUPPORT 3

4 TYPES OF FUNDING AVAILABLE 4 IMPERIAL COLLEGE LONDON STUDENT FINANCIAL SUPPORT GovernmentImperial Tuition Fee Waiver Accommodation Fee Waiver Bursary Maintenance Grant Maintenance Loan Tuition Fee Loan

5 GOVERNMENT FUNDING 5 IMPERIAL COLLEGE LONDON STUDENT FINANCIAL SUPPORT Government Funding Tuition Fee Loan All Home/EU students qualify regardless of household income Maintenance Loan All Home/EU students qualify for 65% of the maximum loan values Stay at home = £2,844 of £4,375 (max) Stay privately or in College Halls = £5,000 of £7,675 (max) Maintenance Grant All Home students with a family household income of less than £42,611 qualify for this grant Works on a sliding scale, so the lower your income the more grant you qualify for Maximum grant of £3,354

6 MAINTENANCE GRANT Government Maintenance Grants are paid on a sliding scale according to household income 6 IMPERIAL COLLEGE LONDON STUDENT FINANCIAL SUPPORT £25,000 and less £3,354 £25k- £30k £2,416- £3,354 £30k- £35k £1,478- £2,416 £35k- £40k £540- £1,478 £40k- £42,611 £50- £540 More than £42,611 No grant

7 JARGON 7 IMPERIAL COLLEGE LONDON STUDENT FINANCIAL SUPPORT Have to repay Get to keep Tuition Fee Loan Maintenance Loan Grant Bursary Scholarship Studentship Fund Award

8 TYPES OF FUNDING AVAILABLE 8 IMPERIAL COLLEGE LONDON STUDENT FINANCIAL SUPPORT Government £42,611 Imperial £60,000 Tuition Fee Waiver Accommodation Fee Waiver Bursary Maintenance Grant Maintenance Loan Tuition Fee Loan

9 9 IMPERIAL COLLEGE LONDON STUDENT FINANCIAL SUPPORT IMPERIAL’S FINANCIAL SUPPORT PACKAGE Bursary Service Discounts Accommodation Fee Waiver Tuition Fee Waiver *Subsequent years entitlement paid 100% as a bursary BandHousehold Income Total Financial Support Bursary Service Discount Subsequent years* A£25,000 or less£6,000£1,000£5,000£6,000 B£25,001 - £30,000£5,300£1,000£4,300£5,300 C£30,001 - £35,000£4,600£1,000£3,600£4,600 D£35,001 - £40,000£3,800£1,000£2,800£3,800 E£40,001 - £45,000£3,100£1,000£2,100£3,100 F£45,001 - £50,000£2,400£1,000£1,400£2,400 G£50,001 - £55,000£1,600£1,000£600£1,600 H£55,001 - £60,000£900 £0£900 I£60,001 or more£0

10 POTENTIAL FINANCIAL SUPPORT 10 IMPERIAL COLLEGE LONDON STUDENT FINANCIAL SUPPORT

11 11 IMPERIAL COLLEGE LONDON STUDENT FINANCIAL SUPPORT IMPERIAL’S FINANCE CALCULATOR

12 100+ Rector’s Scholarship Santander Kingsbury World Scientific BlueTree Holligrave Rolls Royce Thermo-Fisher Ford BlueOval UNDERGRADUATE SCHOLARSHIPS Scholarships are awarded in two categories, one is based on financial need and the other is based on academic merit and potential. Scholarships are available to students from many different backgrounds, studying a range of courses. 12 IMPERIAL COLLEGE LONDON STUDENT FINANCIAL SUPPORT

13 EXTRA HELP ONCE YOU’RE HERE 13 IMPERIAL COLLEGE LONDON STUDENT FINANCIAL SUPPORT Access to Learning Fund Government money to help Home students experiencing financial difficulties Can help with on-going living costs or emergency, one- off payments Cannot assist with tuition fees You don’t have to pay it back College Hardship Fund Money to help overseas and EU students experiencing financial difficulties

14 QUESTIONS 14 IMPERIAL COLLEGE LONDON STUDENT FINANCIAL SUPPORT


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