We think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you!
Presentation is loading. Please wait.
Published byFelicia Hinsdale
Modified about 1 year ago
Student Finance © IntoUniversity 2015
Do you know the facts? Student Finance © IntoUniversity 2015
Student Finance England What is it? Student Finance England (SFE) is part of the Student Loans Company SFE provides financial support to students from England wanting to go to university in the UK There is also a Student Finance Wales and a Student Finance Northern Ireland SFE is backed and funded by the UK government so their loans are not the same as standard commercial loans SFE is able to provide you with loans to cover your tuition fees and living costs SFE is also able to provide you with a range of other financial support and help, like grants and bursaries (which you don’t have to pay back) © IntoUniversity 2015
Student Finance What finance is available? © IntoUniversity 2015
Tuition Fee Loan Gets paid straight to the university This needs to be paid back Every student who is a UK citizen is entitled to one of these no matter how much their household income is (how much their parents earn) This covers the full cost of a student’s Tuition Fees Money that student’s get with this can be combined with their maintenance loan to cover their living costs This is given to students by Student Finance England © IntoUniversity 2015
Maintenance Loan This gets paid straight into the student’s bank account in instalments every term This is means-tested, which means that how much a student gets depends on their household income (how much their parent earns) and where they live Every student who is a UK citizen is entitled to a certain amount of this no matter how much their household income is (how much their parents earn) This gets wiped away if it doesn’t get paid back after 30 years © IntoUniversity 2015
Maintenance Grant Students don’t have to pay this back Students can only get one if their household income (how much their parents earn) is lower than £42,620 Money that student’s get with this can be combined with their maintenance loan to cover their living costs This is given to students by Student Finance England © IntoUniversity 2015
Household income Loan for Living Costs (outside London, not living with parents) Non-Repayable Grant Total £25,000 or less£3,823£3,354£7,177 £30,000£4,292£2,416£6,708 £35,000£4,761£1,478£6,239 £40,000£5,475£540£5,770 £42,600£5,475£50 (min grant)£5,525 £42,875£5,500 (max loan)£0£5,500 £50,000£4,788£0£4,788 £60,000£3,788£0£3,788 £62,125 or over£3,575£0£3,575 Maintenance Support overview The table below shows you how much of a maintenance loan and Maintenance Grant you would receive in relation to your household income © IntoUniversity 2015
Bursaries Students don’t have to pay this back This is given to students by their university and not Student Finance England This is only given to students who come from lower income households How much a student gets depends on their household income and the university that they go to © IntoUniversity 2015
Scholarships Students don’t have to pay this back This is given to students by their university and not Student Finance England These are awarded to students on merit e.g. academic, sporting or musical achievement Household income (how much your parents earn) is not taken into account when deciding which students are awarded these © IntoUniversity 2015
NHS Funding This is extra funding provided by the NHS This is extra funding for students who study medical related degrees e.g: Medicine, Dentistry, Nursing, Midwifery, Occupational Therapy, Dietetics, Physiotherapy, Speech & Language Therapy This provides NHS bursaries which all students studying medical courses are entitled to. How much you get depends on your household income (how much your parents earn) This provides a £1000 NHS Grant which all medical students receive © IntoUniversity 2015
University and College Hardship Fund This is financial support for students who are in financial hardship, have unexpected emergency costs or are thinking of dropping out of university because of financial difficulty This is given to students by their university and not Student Finance England This used to be called the Access to Learning Fund All universities in the UK need to have one of these © IntoUniversity 2015
Disabled Students Allowance This is financial support for students who have a: Disability, long-term health condition, mental health condition or a specific learning difficulty like dyslexia The amount of financial support that a student will receive is dependent on the student’s individual needs and not on household income (how much their parents earn) This is extra financial support that is given to students by Student Finance England The money that students can get from this can help to cover the costs of: Specialist equipment like computer software, non-medical helpers like a note –taker, extra travel because of a disability, and other things related to their studies like photocopying © IntoUniversity 2015
Special Support Grant This is financial support for students who are lone parents This is extra financial support that is given to students by Student Finance England Students can receive one of these instead of a Maintenance Grant The amount of financial support that students would get from this would be the same amount that they would get from their Maintenance Grant © IntoUniversity 2015
Managing your money How do students budget? © IntoUniversity 2015
Student Loan Repayments Yes, No or Maybe © IntoUniversity 2015
Student Loan Repayments SalaryAmount of salary from which 9% will be deducted Monthly Repayment £21,000£0 £22,000£1,000£7.50 £25,000£4,000£30 £30,000£9,000£67.50 £35,000£14,000£105 £40,000£19,000£142.50 £45,000£24,000£180 © IntoUniversity 2015
Overview of Workshops ModuleWorkshop Title and Topic 1Why Higher Education? Introduction to the benefits of choosing higher education 2Choosing the Right Course Looks at the key factors to be considered 3 4Introduction to Personal Statements Students plan their own statements using a structured approach 5Preparing for Interviews Acquiring effective verbal and non verbal communication skills 6Preparing to Go to University Practical steps to having a smooth transition from home to university life 7Student Finance Overview of the main areas of student finance and information on how to apply The Supplementary Schools Project Teacher’s Toolkit consists of: © IntoUniversity 2015
Overview of Workshops ModuleWorkshop Title and Topic 1Why Higher Education? Introduction to the benefits of choosing higher education 2Choosing the Right.
Preparing to go to University © IntoUniversity 2015.
2016/17 INTRODUCTION TO STUDENT FINANCE.
£ 12_ /13 Student Finance explained. 12_13 12/13 Financing your future Thinking about what you are going to study and how you are going to pay for.
STUDENT FINANCE 2014/15 The Student Finance Package Student Loan Repayments Applications & Information Managing Your Money.
2015/16 INTRODUCTION TO STUDENT FINANCE INFORMATION & ACTIVITES.
2015/16 STUDENT FINANCE MATTERS.
2015/16 INTRODUCTION TO STUDENT FINANCE INFORMATION FOR STUDENTS.
STUDENT FINANCE Student Finance England provide financial support on behalf of the UK Government to students from England entering higher education in.
University Finance Student Finance. True/False: Tuition Fees are the same for all universities in the UK Everyone is entitled to a student grant The money.
Higher Education - Finance Chris Oakley, Connexions Bucks.
STUDENT FINANCE 2014/15.
Higher Education - Finance Megan Ette, Connexions Bucks.
School of Management- Accounting & Finance, Business Administration (BBA), International Management and Modern Languages (IMML) Humanities and Social Sciences-Economics,
A GUIDE TO STUDENT FINANCE NAME, Outreach Officer.
East Norfolk Sixth Form College FINANCIAL SUPPORT FOR HIGHER EDUCATION STUDENTS 2008/2009 data shown (assume inflation type increase for 2009 HE entry)
Student Finance Matt Wetherill Schools and Colleges Liaison.
STUDENT FINANCE Schools and Colleges Liaison Oxford Brookes University.
Student Financial Support for 2009 Higher Education entrants.
Your 13/14 student finance journey starts here STUDENT FINANCE 2013/14.
For the parents / carers of current Year 12 students ( 2012 – 2013 ) STUDENT FINANCE Nower Hill 6 th Form A guide to applying for financial support for.
Student Finance Overview There are two main costs associated with starting university: Tuition Fee costs Living Costs Students can apply.
STUDENT FINANCE Georgie Smith Schools and Colleges Liaison.
A Guide to Student Finance. A Guide to Student Finance What do I have to pay for? What help is available How to apply How to repay Budgeting and tips.
2015/16 INTRODUCTION TO STUDENT FINANCE INFORMATION FOR PARENTS.
A Guide to Funding for Higher Education Students This information is based on 2012/13 figures.
Student Finance Contents Finance overview Mechanics of the form Tuition fees 2012 Living cost grant Tuition fee loan Maintenance loan Repayments.
Higher Education Funding Sue Garrett Admissions and Student Funding Adviser.
STUDENT FINANCE. MAIN TOPICS What are the costs? How will students pay for it? What are the repayments?
A Guide to Student Finance – 2014/15 Catherine McNicholl, Outreach Officer.
Your 14/15 student finance journey starts here STUDENT FINANCE 2014/15.
UWE Bristol Spending Review, the Budget and funding for students Presentation by KW Money Advice and Funds Service.
Student Funding 2016 Siobhan Giddins Keele University.
Student Finance Arrangements 2013/14 The N. Ireland Education and Library Boards’ Student Support section is known as; Student Finance ni.
13/14 STUDENT FINANCE 2013/14.
Student Financial Support for 2011 higher education entrants Student finance is available so you can make the most of your time at university or college.
STUDENT FINANCE 2016 Georgie Smith. MAIN TOPICS What are the costs? How will students pay for it? What are the repayments?
Student Finance for full time undergraduates starting BSc Social Work in September 2012 By Harj Singh Student Services.
Student Finance Full time BSC Social Work programmes commencing 2016/17* *(figures based on 2015/16 and may change) Student Services.
MEDICINE OPEN DAY Student Finance 2014/2015. Introduction Details relating to funding arrangements for academic year 2014/15 yet to be fully confirmed.
STUDENT FINANCE 2014/15 Andy Shenton Regional Advisor – South West.
Financial Support for new full- time UK undergraduates 2015/16 Student Financial Support Team Student Wellbeing Service.
Financial Support for Students in 2009/2010 Middlesex Money, Welfare and International Advice Service.
© 2017 SlidePlayer.com Inc. All rights reserved.