1. Higher Education Funding Sue Garrett Admissions and Student Funding Adviser

2. What are the main costs at University? Tuition fees Books and course extras Accommodation (rent and bills) Food Contents insurance Travel

3. What are the costs at university? Social life SU clubs, activities and trips Clothes Mobile phone Trips home

4. What are the costs at University? These will vary according to: Length and type of course Year of study Type of accommodation Placements Any additional needs e.g.dyslexia software How much you shop/go out!

5. Bath runs one of the largest and most established placement schemes in UK Higher Education Nearly 60% of students undertake a year-long work placement or period of study abroad Our students can earn between £15,000-£25,000 in their placement year We have an outstanding network of placement providers and study abroad partners Fees are lower! Placements and Study Abroad

6. Start planning a budget Cost of Accommodation - University and Privately rented Course costs – ask at the department for costs of course material, books, field trips etc Part time work opportunities at JobLink in the Students Union Plan for First and Insurance choice

7. studentcalculator.org.uk

8. How much? £12

10. How much? 20p

11. How much? £118 average London average £157

12. How much? £50 for freshers wristband at Uni of Bath, which gets you into all events Individual gigs, club nights vary check the SU

13. Our Union is one of only four nationally to win a gold award for giving its members an excellent student experience (SU Evaluation Initiative) The Union has an outstanding reputation for its ethical and environmental activities and approach There are over 100 Union clubs and societies BLADES Choral & Orchestral Society - Ch&OS Lithuanian Society Cheerleading Curry Soc Gravity Vomit Knit Soc People and Planet Poker Society The Students’ Union

14. A guide budget ItemCost Rent (mid-priced, en suite accommodation, 38 week contract)£4,484 Food£1,216 Toiletries & Laundry£150 Clothes£270 Local travel (buses within city)£255 Leisure, social activities, travel & sport£1,140 TV licence£145 Telephone (landline/mobile)£350 Healthcare (medicines, glasses, contact lenses, prescriptions & dental)£125 Books, materials, photocopying & equipment£300 Contents insurance (£3,000 belongings & £1,000 laptop)£115 TOTAL£8,550

15. Tuition fees 2014 UK/EU tuition fees UK Universities max tuition fees of £9000 per year 2014 Foundation degree programmes, typically 2 years, may have lower fees than 3 year plus programmes UK and EU placement fees are capped at 20% of full fee for work placement periods, and 15% of full fee for periods of study abroad

16. Tuition fees Fees do not have to be paid upfront All “home” UK students qualify for a Fee loan to fully cover their full UK tuition fees regardless of family income The Student Loan Company pays the fee loan direct to the University Option to pay fees directly to the university if you prefer

17. International students financial support If you are classified as “overseas” for fee purposes you will not be eligible for UK government support Fees may vary by university and even by programme of study, but will be higher than UK fees You may be able to apply for a loan in your home country e.g.US Federal student loans programme +US private loans University Scholarships e.g. Chemical Engineering Useful websites: www.ukcisa.org www.educationuk.org

19. Main UK government student support 2014 Tuition fee loan For all UK and EU students to cover full tuition fees (repayable after graduation) Maintenance loan For all UK students to help with living costs (repayable after graduation) Maintenance grant For some UK students (income dependent) from families where income of is under £42620 (non-repayable)

20. UK Government student Support 2014 Extra help is targeted at students in specific circumstances, in addition to loans and grants  Disabled Students’ Allowances are NOT income assessed, and do NOT have to be repaid, up to £20,725 to cover extra costs for study related support purposes  Childcare Grant, Parents’ Learning Allowance, Adult Dependants’ Grant ARE income assessed, but do NOT have to be repaid  The Access to Learning Fund is administered by the university on behalf of the government. Student Services manage this at University of Bath

23. UK Government student Support 2014 Apply online at www.gov.uk/student-finance Apply in good time – do not wait until you have a place confirmed. Late application, after the May deadline, may mean late payment! Information you will need to complete your application includes: National Insurance number Passport details Income details for household (April 2013 P60 for 2014 entry) Student bank account details Medical evidence of a disability, if applicable Parents National Insurance number if income assessed

24. UK student support Maintenance grant Based on assessed household income. Maximum grant of £3,387 if household income is £25,000 or under Partial grant (on a sliding scale) where income is between £25,000 and £42,620 This will be paid directly into a bank or building society account in three instalments with the student loan, one at the start of each term.

25. UK student support Maintenance Loans: Up to £5,555 if you live away from home and study outside of London e.g. Bath (minimum £3,611) £4,418 if you live at home (minimum £2,872) Paid in 3 instalments

26. Main UK government student support 2014 Household Income Maintenance Grant Living cost loan (away from home not London) Total £25,000 or less £3,387£3,861£7,248 £30,000£2,440£4,334£6,774 £35,000£1,492£4,808£6,300 £40,000£545£5,282£5,827 £45,000£0£5,340 £50,000£0£4,835 £55,000£0£4,330 £60,000£0£3,825 Over £62,500£0£3,611

27. Student loan repayment Repayments start April after graduation Both loans repaid through deductions from salary – like a tax but only if earning £21000 plus You repay 9% of your income over £21000 per year If you don’t pay it all off in 30 years the remaining debt is written off It’s a student loan not a parent loan – parents are never liable to repay! There will be no early repayment penalty, but repaying extra or early may (?) prove to be the wrong decision because you may not repay the full amount before it's wiped after 30 years

28. Student loans interest rates Interest is variable as it is based on inflation rate (RPI) For full-time students, interest is charged at the rate of inflation (RPI – Retail Price Index) plus three per cent from the date you take out your loan April after you’ve finished studying. From April after you graduate interest rate based on your earnings: 1) rate of inflation if you earn £21,000 or less 2) rate of inflation plus up to three per cent if you earn between £21,000-£41,000 3) rate of inflation plus three per cent if you earn over £41,000

29. www.studentloanrepayment.co.uk

30. moneysavingexpert.com

31. Scholarships and bursaries Scholarships – usually awarded on academic merit but can also be for Sporting or Musical excellence Bursaries – more likely to be income related but may have additional criteria All Universities will have slightly different schemes find out from their web pages Find information as you course search on www.ucas.ac.uk

32. University of Bath funding New Funding Package 2014 New 2014 Bath Bursaries Government changes to the NSP funding for 2014 entry mean that this Bursary scheme will replace all fee waivers or fee discounts previously published University of Bath Bursary for 2014 entrants available to UK students only. £3,000* per year for all years of study, including unpaid placements and study abroad periods (you will not be eligible for a bursary during paid placement periods). Cash bursaries paid directly to you in three instalments on top of government loans and grants *Includes some bursaries under the National Scholarship Programme - funded by the Government and the University, awarded to our highest achieving students Eligibility: UK Undergraduates income £20,000 or less plus meet ONE or more of the following criteria: 1.Low HE participation neighbourhood 2. Poorly performing school. 3. A care leaver (leaving local authority care) 4. In receipt of means tested benefit 5. Completed an Access to HE Diploma UK students: 1 and 2 from UCAS data.3 and 4 evidence from student. 5 from entry qualifications. EU Students: 1 to 4 to provide evidence as not obtained via UK sources.

33. University of Bath income related scholarships Awards : A range of named scholarships, some for specific subject areas Currently £1000, £3000 or £5000 per year Generally not payable during placement years Subject to review each year, 2014 awards to be confirmed Eligibility: full-time UK home student household income assessment is £42,620 or less entry grades of at least AAB or equivalent Not in receipt of fee waiver or Bath bursary selection also based on supporting statement as awards are limited in number Online application submitted by deadline in August

36. Who can help? Student Funding and Information at Student Services Centre Specialist student finance advisers offer guidance and advice on all financial matters from budgeting to hardship funds Close working links with all the support services and academic departments Students have access to confidential help/advice in times of need

37. Become a student ambassador Most Universities employ students in a range of interesting roles The Student Associate Scheme offers students work experience in schools Some Universities have Senior ambassador roles which offer a higher rate of pay and more challenging work

38. Any questions?