Student Finance

BURSARIES & SCHOLARSHIPS TUITION FEES FEE LOANS Student Finance MAINTENANCE LOAN BURSARIES & SCHOLARSHIPS

Tuition fees UNIVERSITIES CAN CHARGE UP TO £9,250 STUDENT FINANCE SYSTEM CHANGED IN 2012 FOR ALL UNIVERSITIES

Fee loans COURSE FEES AREN’T PAID UPFRONT PAID DIRECTLY TO THE UNIVERSITY FROM STUDENT FINANCE ENGLAND ALL STUDENTS DOMICILED IN THE EU ARE ELIGIBLE

Maintenance loan Household income Government loan £25,000 and under £8,430 £30,000 £7,825 £35,000 £7,220 £40,000 £6,615 £45,000 £6,009 £50,000 £5,404 £55,000 £4,799 £60,000 £4,913 £65,000 £3,928 2017 figures Maximum loan Living at home £7,097 Living away from home £8,430 Living away from home, in London £11,002 Studying overseas as part of a UK degree £9,654 LOAN IS PAID IN THREE INSTALMENTS GOES DIRECTLY TO THE STUDENT IS MEANS TESTED REAPPLY EVERY YEAR THERE TO HELP WITH COSTS OF ACCOMMODATION, STUDY MATERIALS, TRAVEL, ETC These figures are substantially higher than the support available in 2015

Access agreements In order to charge fees of up to £9,250, universities must have an Access Agreement approved by the Office for Fair Access (OFFA).

Access agreements Bursaries Scholarships Tuition fee discounts Support for students may include: Bursaries Scholarships Tuition fee discounts Non-financial support

First Generation Scholars Scheme DIRECT MEANS-TESTED FINANCIAL SUPPORT - £2,000 FOR FIRST YEAR OF STUDY £1,000 FOR EVERY SUBSEQUENT YEAR OF STUDY UK STUDENTS WITH A HOUSEHOLD INCOME LOWER THAN £42,875

NON-FINANCIAL SUPPORT Access agreements NON-FINANCIAL SUPPORT - WORK STUDY PROGRAMME ONE-TO-ONE STUDY SKILLS FUNDED PLACEMENTS THREE YEARS’ AFTERCARE

Sussex Excellence Scholarship FIRST YEAR ONLY - £3,000 AAA 36 IB POINTS DDD IN BTEC

ACADEMIC SCHOLARSHIPS Other sources of money ACADEMIC SCHOLARSHIPS - SPORT SCHOLARSHIPS DISABILITY ALLOWANCE

Interest INTEREST ON THE LOAN WILL BE APPLIED AT INFLATION (RPI – RETAIL PRICE INDEX) PLUS 3% WHILST STUDYING, AND UP UNTIL THE APRIL AFTER GRADUATION. FOR GRADUATES EARNING BETWEEN £25,000 AND £45,000, INTEREST WILL BE APPLIED BETWEEN RPI AND RPI + 3% ON A GRADUAL SCALE DEPENDING ON INCOME. FROM THE APRIL AFTER GRADUATION, IF ANNUAL SALARY IS BELOW £25,000, INTEREST WILL BE APPLIED AT THE RATE OF INFLATION. FOR GRADUATES EARNING ABOVE £45,000, INTEREST WILL BE APPLIED AT RPI + 3%.

Repayments REPAYMENTS START WHEN ANNUAL SALARY IS OVER £25,000 A YEAR REPAYMENTS ARE ONLY MADE ON 9% OF EARNINGS OVER £25,000 LOAN REPAYMENTS WILL BE DEDUCTED FROM YOUR SALARY, NORMALLY THROUGH THE TAX SYSTEM WRITTEN OFF AFTER 30 YEARS

Amount of salary from which 9% will be deducted Repayments 2018 Annual salary 2018 Amount of salary from which 9% will be deducted Monthly repayment 2018 £25,000 £0 £30,000 £5,000 £37.50 £35,000 £10,000 £75.00 £40,000 £15,000 £112.50 £45,000 £20,000 £150.00 £50,000 £187.50 £55,000 £225.00

How to apply APPLICATIONS ARE MADE THROUGH STUDENT FINANCE ENGLAND - THEY DO ALL THE CALCULATIONS BASED ON HOUSEHOLD INCOME LOANS CAN BE MONITORED THROUGH THE STUDENT FINANCE ENGLAND WEBSITE

More information Further queries about Sussex fees, scholarships and bursaries: http://www.sussex.ac.uk/study/fees-funding Independent and comprehensive information: moneysavingexpert.com/students Student Finance England:   0300 100 0607 gov.uk/student-finance