1. Student Finance 2012 Entry Widening Participation Team

2. Key facts Tuition fees do not have to be paid up front whilst studying full or part-time Repayments based on what you earn, not what you owe Government financial help with living costs available for full-time UK students Should be viewed as a contribution to cost of studying not debt £150m National Scholarship Programme – targeted support – universities decide to allocate funds eg: Fee reductions Discounts for accommodation Cash (Government limit of £1,000 )

3. Key elements of student finance Living Costs Grant Tuition Fee Loan Living Costs Loan Other Grants University Scholarships University Bursaries Other funding

4. Tuition fees - examples Kent - £9,000 Southampton - £9,000 Hertfordshire - £9,000 Sussex - £9,000 Brighton - £9,000 Portsmouth - £8,500 Chichester - £8,500 Gloucestershire - £8,250 Aberystwyth - £9,000 Bangor - £9,000 Edinburgh - £9,000 Aberdeen - £9,000 Cambridge - £9,000 Oxford- £9,000 Bristol - £9,000 Liverpool- £9,000 Hull - £9,000 Lincoln - £9,000 Loughborough - £9,000 Manchester - £9,000

5. Tuition Fee Loan Government Loan to cover the full cost of tuition fees whilst you are studying Non-income assessed Paid directly to the university Increase replaces government funding

6. Student loan for living costs Partly on basis of family income Maximum annual loan available: Living at home: £4,375 Studying outside London: £5,500 Studying in London: £7,675 Paid direct to the student in three instalments per year To help pay for: Rent Food Books & materials Travel Entertainment / leisure

7. Repayment of loans Start repaying April after graduation only IF you earn above £21,000 (updated annually from 2016) Collected at source If earnings fall below £21,000 a year – between jobs, return to study, parental leave – payments will stop Payments deducted directly from salary by employer All outstanding payments will be written off after 30 yrs. Repayments are set at 9% of income above £21,000 Interest rates are linked with inflation: traditionally very low + 3% credit card interest is between 15% & 35% and most store cards charge over 30% Payments are more affordable than current system

8. Salary From which 9% will be deducted Repayment £25,000£4,000£30 £30,000£9,000£67.50 £35,000£14,000£105 £40,000£19,000£142.50 £45,000£24,000£180 £50,000£29,000£217.50 £55,000£34,000£255 £60,000£39,000£292.50 Repayments made on 9% of income above £21,000 Currently a student earning £25,000 would be paying £74 per month Proposed student loan repayment Source: Department for Business, Innovation & Skills March 2011 Monthly repayments same whether loan for £6,000 or £9,000 per year.

9. How much will you repay (at actual prices)? Starting salarySalary in 30 years Total amount repaid Will I fully repay it? £10,000£41,000NothingNo £15,000£62,000NothingNo £20,000£82,000£14,000No £21,000£86,000£20,000No £25,000£103,000£43,000No £30,000£123,000£73,000No £35,000£144,000£103,000No £40,000£165,000£133,000No £45,000£185,000£108,000Yes – 24 years £50,000206,000£94,000Yes – 21 years www.moneysavingexpert.com

10. Living cost grant Maximum of £3,250 per year Means-tested on family income Then sliding scale of amounts: Income up to £25,000 = £3,250 Income greater than £42,000 = £0 Paid direct to the student in three instalments per year To help pay for: Rent Food Books & materials Travel Entertainment / leisure

11. Household income £ 25,000 £ 30,000 £ 40,000 £ 50,000 £ 62,500 plus Maintenance grant 3,2502,341523Nil Student loan for maintenance 3,8754,3305,2394,7883,575 Part-time work £7.00 x 15 hrs/pw 4,095 Total 11,22010,7669,8578,8837,670 Weekly income 39 weeks 287276252227196 NB: students from lower income families may also be eligible for university bursaries – maximum cash pay out of £1,000 per year, fee discounts may also be available Examples of possible weekly term-time income based on 39 week accommodation contract period

12. Other Government Grants Disabled Students Allowance: Helps disabled students meet additional study costs Special Support Grant: Instead of Maintenance Grant if the student is on Income Support or Housing Benefit Child Care Grant Parents Learning Allowance Adult Dependants Grant Dance & Drama Awards Social Work Bursaries NHS Bursaries

13. All students eligible for £1,000 grant Maintenance loan reduced in final year of study additional allowances are available for disabled students and students with dependent adults and/or children Apply through SFE for loan NHS Funded – 30 week courses If you will be studying and living: Non-means tested grant Means tested bursary (maximum) Non-means tested maintenance loan in London and living in student/rented accommodation/ your own home During TERM TIME £1,000£3,128£3,263 elsewhere in England (UK for medical and dental students) and living in student/rented accommodation/ your own home During TERM TIME £1,000£2,591£2,324 anywhere in England (UK for medical and dental students) and living with your parents During TERM TIME £1,000£2,163£1,744

14. All students eligible for £1,000 grant Maintenance loan reduced in final year of study additional allowances are available for disabled students and students with dependent adults and/or children Apply through SFE for loan NHS funded – 45 weeks If you will be studying and living: Non-means tested grant Means tested bursary (maximum) Non-means tested maintenance loan in London and living in student/rented accommodation/ your own home During TERM TIME £1,000£5,460£3,263 elsewhere in England (UK for medical and dental students) and living in student/rented accommodation/ your own home During TERM TIME £1,000£4,395£2,324 anywhere in England (UK for medical and dental students) and living with your parents During TERM TIME £1,000£3,351£1,744

15. University of Brighton bursaries Care leavers bursary: young people leaving local authority care Widening access bursary: students from low income families who are from neighbourhoods where fewer people than average go to university Aimhigher bursary: students from local area previously participating in University of Brighton or Aimhigher Sussex widening participation programme Also bursaries for students from lower income families studying four year courses in architecture, pharmacy and teaching

16. University bursary Total value two-year taught course Total value three-year taught course Total value four-year taught course Care leavers £5,000£7,000£9,000 Widening access £5,000£7,000£9,000 Aimhigher£4,000£6,000£8,000 Access to architecture N/A £4,000 Access to pharmacy N/A £4,000 Access to teaching N/A £4,000 Bursaries not paid during salaried industrial placement year. University of Brighton bursaries

17. University of Brighton scholarships Elite athletes scholarship: Bursary up to maximum of £1,500 per year Sports / academic mentor Talented sports performers scholarship: Financial assistance up to maximum of £500 per year Access to sports coaches Disabled athletes scholarship: Five bursaries at £1,000 each Sports / academic mentor

18. University of Brighton Student Support Fund Students apply for means tested support funds For those students in real need who do not meet access bursary thresholds

19. Other funding Scholarships - No national system – research with each university – very popular - awarded for various things Merit Means tested Sporting abilities local students Sponsorship Charities some charities and trusts offer financial help, but their eligibility rules vary. The Educational Grants Advisory Service (EGAS) provides information and advice on sources of funding through their Directory, helpline and website.

20. Applying for funding Once the student has completed their UCAS from they register on line at: www.direct.gov.uk/studentfinance One application to assess eligibility for grants and loans national insurance and passport (if they have one) number required Apply spring of entry year Linked to UCAS application and gives useful information about bursaries at chosen universities Deadline for completion - end of May to guarantee money available for start of term.

21. Applying for funding Once student completed, you, the sponsor, will be sent details of how to log on to Student Finance Required to provide personal information about finances Your son/daughter does not see any of this – it is totally confidential Once completed send evidence of income to Student Finance England (usually P60) You may fill in a paper from if you dont have access to a suitable (ie private) computer.

22. Applying for funding Student registers in person at beginning of term: University confirms to SFE that student has enrolled Money transferred to student bank account via BACS Money paid in 3 instalments

23. Useful websites www.brighton.ac.uk/money www.direct.gov.uk/studentfinance bursarymap.direct.gov.uk www.moneysavingexpert.com

24. Special Support Grant If you get or qualify for Income Support or Housing Benefit you may get the Special Support Grant instead of the Maintenance Grant. The amount you can get through the Special Support Grant is the same as that available through the Maintenance Grant but it wont reduce how much you get for your Maintenance Loan. You are likely to qualify for the Special Support Grant if: youre a single parent your partner is also a student you have certain disabilities The Special Support Grant doesnt count as income when working out if youre entitled to income-related benefits or tax credits.