1. Fees & Funding for 2015-16

2. Key Words Tuition Fees – Amount charged to study on the course. Generally apply to all undergraduate degrees with some exceptions for health courses. Paid per year of study Student loans – Taken out to cover tuition fees and living costs. Need to be paid back gradually once earning a certain amount Grants – Money from the government which doesn’t have to be paid back. Amount received generally dependent upon income Living costs – Food, accommodation, bills, course costs… Interest – The fee charged to you for the use of borrowed money Means-test – assessment of residual household income Residual household income - This is effectively the household income BEFORE tax and AFTER any pension contributions or allowances for dependant children.

3. How much will it cost?  Annual Tuition Fees for 2015-16 York St John University tuition fees are £9,000  Accommodation - approx. £4,000-£7,300 Pay termly, in advance, by cheque or direct debit  Living costs - approx. £4,000 (but varies!) Food, books, course costs, clothes, laundry, entertainment, travel home

4. Financial help is available Tuition Fees  Do not have to pay up front or whilst studying  Tuition Fee Loan available from the Student Loans Company  Loan also available for eligible part-time, first- degree students who complete minimum of 25% of full time course load  Some exemptions to fees– NHS courses e.g. Physiotherapy and Occupational Therapy

5. Financial help is available from the government Living Cost Loan (Maintenance Loan)  Available for all eligible full-time students  All students are eligible for 65% of the loan, further 35% is means-tested on residual household income  In 2015/16 the maximum annual loan available if you live with your parents will be £4,565, if you live away from home £5,740  Paid in three instalments at the beginning of each term (Sep/Jan/Apr)  This loan is repayable

6. Financial help is available from the government Living Cost Grant (Maintenance Grant)  The amount of the grant is dependant on residual household income  Available for eligible full-time students  Paid in three instalments at the beginning of each term (Sep/Jan/Apr)  This help does not have to be repaid Apply for all funding via www.gov.ukstudentfinancewww.gov.ukstudentfinance

8. Financial help available from York St John York St John Bursary Paid by YSJ to UK/EU students starting in September 2015, enrolled on a programme charging the maximum fee of £9,000. Non-repayable Don’t have to apply as it is an automated assessment Paid in 2 instalments The Bursary will be awarded to qualifying students with a residual household income as below: Residual family income YSJ Bursary 2015-16 <£25,000£1,000

9. Care Leavers Extra help if you're leaving local authority care Extra funding from your Local Authority, please visit www.gov.uk for more information. www.gov.uk Care Leaver & Foyer Allowance Available to students who have been in care or a Foyer Foundation for at least 3 months within 3 previous years before study The awards will be granted on an individual basis

10. Interest Rates During study until entering repayment Retail Price Index (RPI) +3% Income: Below £21,000 RPI Only Income Between: £21,000 - £41,000 RPI plus some amount between 0% and 3% Income: Above £41,000 Retail Price Index (RPI) +3% www.studentloanrepayment.co.uk

11. Repayment of loans SalaryAmount of salary from which 9% will be deducted Monthly repayment < £21,000£0 £21,500£500£4.00 £25,000£4,000£30.00 £30,000£9,000£67.50 £35,000£14,000£105.00 £40,000£19,000£142.50 £45,000£24,000£180.00 £50,000£29,000£217.50 £55,000£34,000£255.00 £60,000£39,000£292.50 www.studentloanrepayment.co.uk

12. Accommodation Will undoubtedly be your biggest spend Be realistic Do you NEED an en-suite? What is included? Remember your TV licence! Sharing your flat = sharing the cost Visit the accommodation Check contracts from private landlords Parking – additional permit charge?

13. Saving Money Don't be a supermarket snob! Do not use local convenience stores / corners shops very often Be sensible when it comes to special offers Don’t go shopping after a big night out or when you are hungry! Sign up for a loyalty / reward card Visit local produce markets – fresh and cheap! And you may be able to haggle! Visit supermarkets about an hour before they close Get a bag for life! Plan ahead what you need for the week Ask parents for help

14. Saving Money Do you really need to bring a car to University? If it is off-road for most of the year – SORN it! Don’t use taxi’s unnecessarily Use public transport Student Rail cards = 1/3 off all fares! Buy weekly / monthly bus passes Use park and ride services Buy a bicycle!

15. Saving Money Return your library books on time Don’t eat in the canteen / dining hall everyday Be careful of what you print Buy second hand books from amazon where possible Check out noticeboards / forums for graduates selling off items especially books and other useful resources Look out for part time job opportunities around campus that fit well around your studies Keep an eye out for events and opportunities within the university that could be a cheap way to socialise or could lead to employment

16. Don’t struggle alone… speak up! There are many points of contact throughout the university if you are having money worries, but start with the Student Funding Advice Team. Many universities have hardship funds available in extreme circumstances. Visit the money saving expert website for specific advice and tips for students, including: Council tax discounts Student bank accounts Overpayment of tax TV licence refunds Student insurance http://www.moneysavingexpert.com/students/student-guide

17. What to do now? Apply for funding! Spend time making a budget planner. Visit the accommodation Open a student bank account. Check for charges. Many Banks offer an Interest Free Overdraft Look into discounts with a NUS card Part-Time Jobs: o Transfer Employment o Access the Careers and Employability Team Work and Save Now

18. Contacts Student Funding Advice Team 01904 876939 fundingadvice@yorksj.ac.uk Useful websites: www.yorksj.ac.uk www.gov.uk/studentfinance www.nhsbsa.nhs.uk www.studentloanrepayment.co.uk www.studentfinanceengland.co.uk

19. Have a great day!