1. The cost of University How much will you repay?
Tuition fees first introduced in the UK in 1998

2. Check gov.uk for the latest information
KEY POINTS
Amounts you repay change on 6 April every year.
You stop paying if your income drops below the threshold
The earliest you start repaying is when your income is over £480 a week or £2,083 a month (before tax and other deductions) -- first April after you leave your course
Note always check gov.uk for the latest figures and interest rates

3. You need to pay back: Tuition Fee Loans Maintenance Loans
You do not need to pay back other student finance, for example grants and bursaries, unless you’ve been paid too much.
You still have to repay your student loan if you leave your course early.

4. Note all figures are rounded up/down £
When you DO NOT PAY
If you earn less than £24996*
=£480 week or =£2083
National Minimum Wage
£7.83 week x 37 hr = £289
or £15064 per annum
Note all figures are rounded up/down £

5. Example 1 Paid Weekly NOTE Income £600 Minus THRESHOLD £480
Difference £120
You pay 9% of £120 = £ 10
Your wage £600
minus £ 10
YOU HAVE £590
You still have TAX and NI to pay

6. Example 2 Paid Monthly NOTE Income £2400 Minus THRESHOLD £2083
Difference £317
You pay 9% of £317 = £ 28
Your wage £2400
minus £ 28
YOU HAVE £2372
You still have TAX and NI to pay

7. Current interest rates
Your annual income
Interest rate
£25,000 or less
RPI (currently 3.3%)
£25,000 to £45,000
RPI (currently 3.3%), plus up to 3%
Over £45,000
RPI (currently 3.3%), plus 3%

8. Your repayments will be taken out of your salary at the same time as tax and National Insurance if you’re an employee. Your payslips will show how much has been deducted.
NB keep your payslips

9. Other factors to consider
Value for money – number of taught hours
League Tables (with caution)
Employability / destinations /graduate prospects
Job prospects in the job sector
Average salaries
What other jobs do people do with this degree
YOU ARE THE CUSTOMER

10. Value for money What do you get for your money? Number of taught hours
Any financial support from the University – specific courses / your personal circumstances etc.
What is the average degree awarded – many jobs require 2.1
City, small town or campus – living costs – chance of getting a part time job
Cost of travel to your home

11. Employability / destinations /graduate prospects
Salaries – National Careers Service
ects.ac.uk/what-do- graduates-do
uk/assets/assets/docu ments/What_do_gradu ates_do_2017(1).pdf

12. Student Voice – best value courses
TheKnowledgeAcademy.com has analysed the latest findings from Higher Education Policy Institute, who surveyed 14,046 full-time students to discover which university subjects/courses have the best ‘value for money’.

13. Other jobs with this degree
Business
What can I do with ……..?
Many businesses recruit graduates from any discipline
Main sites
Prospects.ac.uk
Kent.ac.uk
Professional body

14. NOW
The final decision is
YOURS