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Student Finance. 2015 01/12/2018 © The University of Sheffield
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How much does it cost? Tuition fees Maintenance costs
Up to £9,000 per year Maintenance costs All other costs Accommodation, food, travel, course materials Costs can be split in 2 (the funding is also split this way). 01/12/2018 © The University of Sheffield
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What’s included in the £9,000 fee?
Contact Hours Staff and Facilities Support Services, Libraries, IT and University buildings Compulsory elements of the course, e.g.: Some compulsory field trips Compulsory lab-based equipment 01/12/2018 © The University of Sheffield
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Exceptions to the £9,000 fee Engineering/Science foundation year £6,000 Medicine foundation year £6,300 Placement years abroad £1,350 MChem Chemistry with Study in Industry placement year £1,800 Salaried work placement in UK £1,100 Non salaried work placement in UK £0 Landscape and Architecture in practice £0 01/12/2018 © The University of Sheffield
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Support from the government
- This support will be the same whichever university you decide to go to - Apply for all of this support together early in 2015 01/12/2018 © The University of Sheffield
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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 01/12/2018 © The University of Sheffield
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Maintenance loans and grants
Maintenance costs - Maintenance loan – Up to £5,740 - Maintenance grant – Up to £3,387 The amount you receive is dependant on your household income 01/12/2018 © The University of Sheffield
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Maintenance loans and grants
Household income Maintenance grant Maintenance loan Total £25,000 or less £3,387 £4,047 £7,434 £30,000 £2,441 £4,520 £6,961 £35,000 £1,494 £4,993 £6,487 £40,000 £547 £5,467 £6,014 £45,000 £0 £5,519 £50,000 £4,998 £55,000 £4,476 £60,000 £3,955 £62,143 and above £3,731 Maximum household income for students to receive a maintenance grant is £42,620. 01/12/2018 © The University of Sheffield
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Support from the University of Sheffield
- This support is specific to the University of Sheffield - None of the awards have to be repaid 01/12/2018 © The University of Sheffield
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Sheffield Bursary Scheme
Award is determined by household income, postcode and grades You’ll be assessed automatically once you arrive You will receive all elements of the award you are eligible for Same amount is paid each year of study Award can be taken as cash, partial fee waiver or accommodation waiver (University accommodation only) 01/12/2018 © The University of Sheffield
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Sheffield Bursary Scheme
Household income Household income Bursary per year £0 – 25,000 £1,500 £25,001 – 30,000 £1,250 £30,001 – 35,000 £1,000 £35,001 – 42,620 £750 Household income and postcode - £1,000 Students with a household income of £25,000 or less and live in one of the country’s most deprived areas. 01/12/2018 © The University of Sheffield
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Sheffield Bursary Scheme
Postcode and grades - £500 Students who live in a low participation area in Sheffield and the surrounding region and achieve A,B,B or higher (or equivalent) at A-Level regardless of household income. All care leavers and student carers automatically receive a £4,500 bursary 01/12/2018 © The University of Sheffield
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Additional Opportunities
Global Opportunities Study abroad scholarship (£3,000) or a summer schools placement Participation Grant Grants to help students take part in Students’ Union led activities and societies Volunteering and Work Experience Grant Provide students with a grant of £2,000 to enable them to engage in unpaid work experience 01/12/2018 © The University of Sheffield
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Scholarships Masters Scholars Global Scholars Lloyds Scholars
HSBC Scholarship Sports Scholarships Must achieve A*, A,A (or higher) or equivalent Household incomes below £25,000 For care leavers only For students who have competed in their sport at national level 01/12/2018 © The University of Sheffield
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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. 01/12/2018 © The University of Sheffield
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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 Interest is charged Anything unpaid after 30 years is written off 01/12/2018 © The University of Sheffield
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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 01/12/2018 © The University of Sheffield
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How much will you get? www.sheffield.ac.uk/funding 01/12/2018
© The University of Sheffield
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Budgeting www.shef.ac.uk/moneytools 01/12/2018
© The University of Sheffield
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Individual Funding Package
Access to Learning Funds Tuition Fee Loan Scholarships & Bursaries Living Cost Loan / Grant Your Individual Funding Package Family Wages Charities NHS Bursaries 01/12/2018 © The University of Sheffield
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2015 Fees and Funding booklet available now…..
All of the information in this presentation, plus much more, is available in our Fees and Funding guide. (Download from 01/12/2018 © The University of Sheffield
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Thank you for listening
Financial Support Team - 01/12/2018 © The University of Sheffield
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