1. Student Finance. 2016
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2. 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).
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3. 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
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4. Exceptions to the £9,000 fee Medicine foundation year £7,000
Placement years abroad £1,350
MChem Chemistry with Study in Industry placement year £1,800
Salaried work placement in UK or abroad £1,100
Non salaried work placement in UK £0
Landscape and Architecture in practice £0
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5. Support from the Student Loans Company
Figures in this section are for students from England who are living away from their family home and studying outside of central London. Students studying in central London receive more maintenance loan. Students living at their family home receive less. 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 2016
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6. 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
Up to £9,000 for each year of course.
If any of the exceptions to £9k fee apply to students they can request a reduced fee loan.
Students never need to pay any of their own money towards their fees.
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7. Maintenance loans Household income Loan for living costs
£25,000 or less
£8,200
£30,000
£7,612
£35,000
£7,023
£40,000
£6,434
£45,000
£5,845
£50,000
£5,256
£55,000
£4,667
£60,000
£4,078
£62,180 or above
£3,821
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8. 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
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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
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10. Applying for support from Student Finance
Applications 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
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11. NHS Funded Courses - Some healthcare courses are funded by the NHS
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12. NHS Funded Courses (2015 figures)
Your tuition fees are paid for you by the NHS
You receive a bursary - up to £4,443
A grant from the NHS towards your living costs - £1,000
You can still apply for a reduced maintenance loan from Student Finance England - £2,324
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13. NHS Funded Courses Fully-funded NHS Courses
E.g. Speech and language therapy, Dental hygiene and therapy
All years funded by NHS
Part-funded NHS Courses
E.g. Medicine and Dentistry
Years 1-4 funded by Student Finance England
Year 5+ funded by NHS
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14. Support from the University of Sheffield
- This support is specific to the University of Sheffield
- None of the awards have to be repaid
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15. 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 or partial fee waiver (reducing amount of tuition fee loan needed)
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16. 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.
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17. 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.
Carers and care leaver bursary is instead of standard award – not as well as.
All care leavers and student carers automatically receive a £4,500 bursary
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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
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19. How much will you get? www.sheffield.ac.uk/funding 21/02/2019
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20. Budgeting www.shef.ac.uk/moneytools 21/02/2019
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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.
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22. Individual Funding Package
Financial Support Fund
Tuition Fee Loan
Scholarships
& Bursaries
Living Cost Loan
Your
Individual Funding Package
Family
Wages
Charities
NHS
Bursaries
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23. 2016 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
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24. Thank you for listening
Financial Support Team -
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