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

2. 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

3. 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

4. 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

5. 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

6. 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 figures should be available soon.
06/11/2018
© The University of Sheffield

7. 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

8. 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 %–3%

9. 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

10. 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
06/11/2018
© The University of Sheffield

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

12. 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

13. 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

14. 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

15. 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

16. 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

17. 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

18. 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

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

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

21. 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

22. 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
06/11/2018
© The University of Sheffield

23. Thank you for listening
Financial Support Team -
06/11/2018
© The University of Sheffield