1. Funding your studies 2018

2. A quick disclaimer…..
The information and figures from Student Finance are based on what we know at the moment.
Some arrangements have been confirmed for this year only.
Fee support for EU students will continue for 2018 entry

3. How much does it cost? Tuition fees Maintenance costs
Up to £9,250 per year
Expected to be confirmed shortly
Covers all essential course costs
Maintenance costs
- All other costs
30/11/2018
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4. Support from the government
This support will be the same whichever university a student attends
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© The University of Sheffield

5. Tuition fee loans
Students receive a loan to pay their tuition fees every year of their course
Don’t pay anything upfront
Award is not linked to household income
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© The University of Sheffield

6. Maintenance loans Household income Living at home
Living away from home
£25,000 or less
£7,097
£8,430
£30,000
£6,499
£7,825
£35,000
£5,901
£7,220
£40,000
£5,303
£6,615
£45,000
£4,705
£6,009
£50,000
£4,107
£5,404
£55,000
£3,509
£4,799
£62,187 or above
£3,124
£3,928
(2017 entry)
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© The University of Sheffield

7. Applying for support from Student Finance
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8. Student loans Repayments start:
Tuition fee loan
Maintenance loan
Student loan
Repayments start:
- The April after students leave university
and
- when they are earning over £25,000
Anything unpaid after 30 years is written off
Repayment threshold increased from £21,000 to £25,000 TBC Autumn 2018

9. Student loans Interest Studying
Left university and earning less than £25,000
Left university and earning £25,000-£45,000
Left university and earning £45,000+
Inflation + 3%
Inflation
Inflation %–3%
Income thresholds increased from £21,000 and £41,000. TBC Autumn 2018

10. Student loans – an example
Repayments are calculated as 9% of anything earned above £25,000.
For example a salary of £26,000; graduates repay 9% of £1,000 - £90 per year or £7.50 per month.
Repayments are based on what students earn – not what they owe
Your salary
You pay back 9% of
Monthly Pay (Net.)
Monthly repayments
£30,000
£5,000
£1,973
£37.50
£40,000
£15,000
£2,540
£112.50
£50,000
£25,000
£3,065
£187.50

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

12. 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
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© The University of Sheffield

13. 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 (or equivalent) regardless of household income get an extra £500
Students can get either of these awards but not both
30/11/2018
© The University of Sheffield

14. Enhanced bursaries
All care leavers*, student carers & students estranged from their families* can apply for an enhanced bursary of £4,500
*Care leavers and estranged students must be under 25 on the first day of their course.
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© The University of Sheffield

15. Scholarships Scholarship challenge Lloyds Scholars Alumni Scholarships
Win free accommodation for your first year
Scholarship challenge
Lloyds Scholars
Alumni Scholarships
HSBC Scholarship
Sports Scholarships
Global Scholars
Household incomes below £25,000
High achieving students in financial need (£1,200 per year for 1st 3 years)
For care leavers
For students who have competed in their sport at national level
Must achieve A*,A,A (or equivalent) or income be £40,000 or less
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© The University of Sheffield

16. How much will you get? www.sheffield.ac.uk/funding 30/11/2018
© The University of Sheffield

17. Budgeting www.shef.ac.uk/moneytools 30/11/2018
© The University of Sheffield

18. Part time work Invaluable experience and confidence.
The Student Jobshop can help students find part-time work during term time, vacations and for placement years.
The University is a regular employer of students too.
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© The University of Sheffield

19. Thank you for listening
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© The University of Sheffield