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The Money Bit David Secher – Senior Bursar October 2015.

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Presentation on theme: "The Money Bit David Secher – Senior Bursar October 2015."— Presentation transcript:

1 The Money Bit David Secher – Senior Bursar October 2015

2 Contents  Introduction – Hayley Hamilton  Finances of the College Overview of the figures – how we balance the books Areas where we want to spend  Your finances Bills from College Making the books balance!

3 College Finances  Income £15 million  Expenditure £14.8 million 116 Fellows, 826 students, 140 staff 25,000 supervision hours 23,000 maintenance hours 743 rooms and 19,300 hours cleaning them 157,474 meals

4 How we balance the books  Every year we subsidise each student by an average of £3,733 – just over £3million  For every £6 spent on Education we only receive £3.  We ‘balance the books’ with income from the Endowment – and from donations. This can be precarious.

5 £’000 Endowment and donation income balancing the books

6 Areas where it would be good to spend more  Student support and access  Awards and scholarships  Academic salaries and ability to access housing in Cambridge  Maintenance of the buildings - historic fabric and general state of repair  College support for research

7 Your finances  Everyone will be different EU/UK? SLC support? SLC support means tested?  You can calculate how much you should be receiving using the calculator on the government’s student finance website  https://www.gov.uk/student-finance/loans-and- grants https://www.gov.uk/student-finance/loans-and- grants

8 Headline figures  SLC will give you: Tuition loan£9,000 Maintenance loan for living costsup to £5,740 Maintenance grant for living costsup to £3,387 NB maintenance loan is reduced if you also get a grant; reduction depends on individual circumstances  In addition you may get Cambridge Bursary of up to £3,500 per annum which is an outright gift  SLC pays your tuition fees direct to the University – which leaves your College bills…

9 College bills What?Payable when? Rough amount DepositBeginning of first term £85 Rent for Michaelmas Term and fixed meal charges Michaelmas Term £1,800 Rent for Lent Term and fixed meal charges and any additional charges in relation to the Michaelmas Term Lent Term£1,800 Rent for Easter Term and fixed meal charges and any additional charges in relation to the Lent Term Easter Term£1,800 Any additional charges for the Easter Term Long Vacation Total£5,485

10 And don’t forget!  Other food and drink  Clothes  Partying  Travel  Insurance  Books  The University estimates that in total you will spend £8,360 each year on your living expenses and social life

11 Your budget However well you manage, you will need additional funds  think about the source of funds  interest rates now and in the future  make sure that you do keep to a budget  Avoid extra costs – fines for late payments, behaviour etc If you have real financial problems ask for help

12 Other help the College or University can provide  Cambridge Bursaries – for anyone on means tested funding (This is automatically assessed. You do not need to apply)  Bursaries and travel grants  Book awards  Prizes  See Caius website for more details

13 Read emails from Bursary!

14 Where to go for help  Your Tutor  The Bursary – Hayley Hamilton student.accounts@cai.cam.ac.uk student.accounts@cai.cam.ac.uk  The Bursary can help with practical stuff on transferring money, reconciling your bank account etc. Good luck – and ask for help if you need it!

15 College Communications Lucy Ward Caius Communications Office (news@cai.cam.ac.uk)

16 Caius and communications Lucy Ward Communications Officer

17 College website – being updated

18 Social media

19 Twitter & Instagram @CaiusCollege @CaiusHC – health centre @Caiuslib – library @CaiusCollegeCho – choir @Caiusconnect – outreach @Caiusconf @CaiusIT – FOLLOW Instagram gonville_and_caius

20 Caius in the media

21 Austin Seven found on the Senate House roof, 1958 Please don’t attempt this

22 Communication within college Screens – Porters’ Lodges, Harvey Court, Computer Room Noticeboards – Trinity St Lodge, Gate of Virtue (between Tree and Caius courts) Intranet – being updated (currently at bottom of website home page)

23 Helping spread your news T

24 How to find me Based in the computer office downstairs from Library news@cai.cam.ac.uk

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