Student Finance. 2017 06/11/2018 © The University of Sheffield

How much does it cost? Tuition fees Maintenance costs £9,250 All other costs Accommodation, food, travel, course materials Costs can be split in 2 (the funding is also split this way). NB. Tuition fees may increase year on year in line with inflation 06/11/2018 © The University of Sheffield

What’s included in the fee? Contact Hours Staff and Facilities Support Services, Libraries, IT Compulsory elements of the course, e.g.: Some compulsory field trips Compulsory lab-based equipment 06/11/2018 © The University of Sheffield

Support from the government Figures in this section are for students from England. Figures for devolved nations differ. Students should check their eligibility for funding from the Student Loans Company. - This support will be the same whichever university you decide to go to - Apply for all of this support together early in 2017 06/11/2018 © The University of Sheffield

Tuition fee loans You don’t pay anything upfront You receive a loan to pay your tuition fees every year of your course Not linked to household income If any of the exceptions to maximum fee students can request a reduced fee loan. Students never need to pay any of their own money towards their fees. If fees do increase year on year students will be able to increase their tuition fee loan to however much their fees are. 06/11/2018 © The University of Sheffield

Maintenance loans Household income Living at home Living away from home Living in London £25,000 or less £7,097 £8,430 £11,002 £30,000 £6,499 £7,825 £10,387 £35,000 £5,901 £7,220 £9,771 £40,000 £5,303 £6,615 £9,155 £45,000 £4,705 £6,009 £8,539 £50,000 £4,107 £5,404 £7,924 £55,000 £3,588 £4,799 £7,308 £60,000 £3,214 £4,193 £6,692 £65,000 or above £3,124 £3,298 £6,076 These are 2016 figures. 2017 figures should be available soon. 06/11/2018 © The University of Sheffield

Student loans Repayments start: - the April after you graduate Tuition fee loan Maintenance loan Student loan Repayments start: - the April after you graduate - when you are earning over £21,000 Anything unpaid after 30 years is written off 06/11/2018 © The University of Sheffield

Student Loans Interest Studying Left university and earning less than £21,000 Left university and earning £21,000-£41,000 Left university and earning £41,000+ Inflation + 3% Inflation Inflation + 0%–3%

Student loans – an example You pay back 9% of anything you earn above £21,000 Therefore if you earn £22,000 you repay 9% of £1,000 - £90 per year or £7.50 per month Repayments are based on what you earn not what you owe. Your salary You pay back 9% of Monthly Pay (net) Monthly repayments £25,000 £4,000 £1,663 £30.00 £30,000 £9,000 £1,946 £67.50 £50,000 £29,000 £3,012 £217.50 06/11/2018 © The University of Sheffield

Applying for support from Student Finance Applications usually open end of Jan. Students are encouraged to apply asap. Students do not need to have an offer/accepted a place to be able to apply they should just pick the course they think they are most likely to attend. Students should use the UCAS course code to ensure they get the right course. If students aren’t sure which course they are applying for at UoS they should contact Melanie Moore in Student Fees x29623 or M.Moore@sheffield.ac.uk 06/11/2018 © The University of Sheffield

NHS Funded Courses - Some healthcare courses are partly funded by the NHS 06/11/2018 © The University of Sheffield

Part-funded NHS Courses E.g. Medicine and Dentistry Years 1-4 funded by Student Finance Year 5+ funded by NHS - Fees paid for by NHS bursary - NHS bursary for maintenance support - Reduced maintenance loan from student finance 06/11/2018 © The University of Sheffield

Support from the University of Sheffield - This support is specific to the University of Sheffield - None of the awards have to be repaid 06/11/2018 © The University of Sheffield

Sheffield Bursary Scheme Award is determined by household income, postcode and grades You’ll be assessed automatically once you arrive Same amount is paid each year of study Award can be taken as cash or partial fee waiver (reducing amount of tuition fee loan needed) 06/11/2018 © The University of Sheffield

Sheffield Bursary Scheme Household income Household income Bursary per year £0 – 25,000 £1,500 £25,001 – 30,000 £1,000 £30,001 – 40,000 £500 06/11/2018 © The University of Sheffield

Sheffield Bursary Scheme Students with a household income below £25,000 who live in one of the country’s most deprived areas get an extra £500 Students who live in a low participation area in Sheffield and the surrounding region and achieve A,B,B or higher at A-Level regardless of household income get an extra £500 Students can get either of these awards but not both 06/11/2018 © The University of Sheffield

Enhanced bursaries All care leavers, student carers & students estranged from their families automatically receive an enhanced bursary of £4,500 06/11/2018 © The University of Sheffield

Scholarships Masters Scholars Global Scholars Lloyds Scholars Alumni Scholarships HSBC Scholarship Sports Scholarships Must achieve A*, A, A (or higher) or equivalent Household incomes below £25,000 High achieving students in financial need For care leavers Masters Scholars for students studying courses in Arts and Humanities and Social Sciences. For students who have competed in their sport at national level 06/11/2018 © The University of Sheffield

How much will you get? www.sheffield.ac.uk/funding 06/11/2018 © The University of Sheffield

Budgeting www.shef.ac.uk/moneytools 06/11/2018 © The University of Sheffield

Part time work Invaluable experience and confidence. The Student Jobshop can help you find part time work during term time, vacations and for your a year out on placement. The University is a regular employer of students too. 06/11/2018 © The University of Sheffield

2017 Fees and Funding booklet All of the information in this presentation, plus much more, is available in our Fees and Funding guide. (download from www.sheffield.ac.uk/ssd/finance/resources) 06/11/2018 © The University of Sheffield

Thank you for listening Financial Support Team - 0114 222 1319 - financialhelp@sheffield.ac.uk 06/11/2018 © The University of Sheffield