1. £ 12_13 Student Financial Support for 2012 higher education entrants Finding out about funding your time at university

2. 12_13 2) You receive grant and loan payments… Student finance: how much do YOU know? (Quiz) 3) If you work part-time work during your course… 1) You apply for student finance… a)Every term b)Only in your first year c)For each year of your course a)It will make no difference to your support b)It will reduce what you’re entitled to c)It will mean you can’t get any support a)As a lump sum at the start of each year b)In termly instalments c)Every week a)Every term b)Only in your first year c)For each year of your course a)As a lump sum at the start of each year b)In termly instalments c)Every week a)It will make no difference to your support b)It will reduce what you’re entitled to c)It will mean you can’t get any support

3. 12_13 What student finance is available? Tuition Fee Loan; Maintenance Loan; Maintenance Grant; University or College Bursary / Scholarship; Extra support if you have special circumstances.

4. 12_13 Tuition Fee Loan To help with the cost of tuition fees to a maximum of £9,000: Available to all eligible students; Not based on household income; Paid by Student Finance England direct to university or college in 3 chunks Repayable when you finish your course, and you must Apply every year.

5. 12_13 Maintenance Loan To help with living costs - entitlement depends on: Household income (65% not dependent on household income, 35% dependent on household income); Max £5500/£4375 Paid to student in 3 instalments Amount you get dependant on; Where you live while you are studying, Year of course, household income Repayable when you finish or leave your course Apply every year.

6. 12_13 Maintenance Grant To assist students from lower & middle income backgrounds: Non-repayable; Amount depends on your household income;(below £42,600) Will reduce the amount of Maintenance Loan you can get; Maximum £3,250; Apply every year. Paid to student in 3 instalments

7. 12_13 What is a Special Support Grant? Paid instead of Maintenance Grant for some students Non-repayable Depends on household income Does not reduce amount of Maintenance Loan Does not count as income for Means tested benefits

8. 12_13 How much Maintenance Loan can you get? All eligible students can apply for this Depending on household income you could also get up to Max. Loan Living in parents home £2,843£1,532£4,375 Studying outside of London and not living with parents £3,575£1,925£5,500 Studying in London and not living with parents £4,988£2,687£7,675 Living and studying abroad for at least one academic term £4,247£2,288£6,535

9. 12_13 Extra support Extra support is available for students in special Circumstances Students with a disability or with dependants Childcare grant (85% of costs) Adult dependants (£2,642) Parents’ Learning Allowance (!, 508) Disabled Students Allowance (£ and equipment) Social Work Bursary (£4,575) University Bursaries (Compact agreements) Access to learning funds.

10. 12_13 Do I qualify? Dependant/Independent – Aged 24+, Able to show self sufficient for 3+ years Full time/Part time – Tuition fee loan up to £6, 750, not dependant on household income, Must be studying at least 25% of equivalent course. Your course must be eligible Your university or college must also be eligible.

11. 12_13 University or College Bursary / Scholarship Paid by the institution, not Student Finance England Bursaries and scholarships vary considerably National Scholarships available for students with household income below £25,000. Scholarships are different at each institution but can include Reduction in fees or fee waiver Cash award (up to £1,000) Other benefits, e.g. discounted accommodation Key part of your research: check university and college websites

12. 12_13 Bursaries (excl. Social Work students) National Scholarship Programme - For priority groups with incomes below £20,000 £6,000 - payable over length of course (fee waivers) Compact Bursary for students from Compact Schools/Colleges in receipt of the full M/Grant of £3250 £1,000 per year (fee waiver) UoG Fee Waiver for first year students living away from home and in receipt of the full M/Grant of £3250 £1,000 year 1 (fee waiver) UoG Scholarship for students whose household income is less than £42,875 and who can demonstrate academic potential £1,000 (fee waiver)

13. 12_13 Certain courses attract their own funding, for example NHS and Social Work courses. Non Medical: Eg. Physiotherapy, Nursing & Midwifery - Eligible students will NOT be required to pay tuition fees Eligible for a £1,000 grant, means tested bursary up to £4,395 and non means tested maintenance loan of up to £2,324 Extra help for students in special circumstances, for example students with a disability or who have children; Tuition Fee Loans for part-time courses. Other Support

14. 12_13 Click on link Student finance for 2012/13 http://www.direct.gov.uk/studentfinance

15. 12_13 Click on links for full details about what is available http://www.direct.gov.uk/studentfinance

16. 12_13 Now click on link to Bursaries, scholarships and awards http://www.direct.gov.uk/studentfinance

17. 12_13 Scroll down for section on National Scholarship Programme (NSP) Click List of universities and colleges offering NSP http://www.direct.gov.uk/studentfinance

18. 12_13 Link takes you to list of links to individual university and college student finance pages

19. 12_13 Student finance: tasks Visit www.direct.gov.uk/studentfinancewww.direct.gov.uk/studentfinance Read the section on Student finance for 2012/13 Then, for each of your UCAS choices, find the university or college webpage(s) giving information about finance, bursaries & scholarships Find out the following for all your UCAS choices: - tuition fees charged for the course - details about scholarships and bursaries

20. 12_13 More on www.direct.gov.uk/studentfinancewww.direct.gov.uk/studentfinance Repayment How to Apply How to Get Paid Timescales

21. 12_13 Student finance: tasks related to this session Visit www.direct.gov.uk/studentfinancewww.direct.gov.uk/studentfinance Read the section on Student finance for 2012/13 Then, for each of your UCAS choices, find the university or college webpage(s) giving information about finance, bursaries & scholarships For the next session find out the following for all your UCAS choices: - tuition fees charged for the course - details about scholarships and bursaries

22. 12_13 Student finance: tasks for this session Do you have any questions about the student finance package? How did you find the www.direct.gov.uk site?www.direct.gov.uk How did you find the university and college sites? How much support do you expect to receive? What financial differences were there between courses? Will these affect your choice of course? What about repayment?

23. 12_13 a)£15,000 b)£18,000 c)£21,000 a)From the day you take them out ? b)From the day you graduate ? c)From the day you start work once you’ve got a job ? a)The size of your debt ? b)How much you earn in your job ? c)Your credit rating ? a)From the day you take them out ? b)From the day you graduate ? c)From the day you start work once you’ve got a job ? a)The size of your debt ? b)How much you earn in your job ? c)Your credit rating ? 1) Are repayments based on Repayments: how much do YOU know? (Quiz) 3) How much do you have to earn before you start repaying? 2) Is interest added to student loans a)£15,000 b)£18,000 c)£21,000

24. 12_13 Repayment facts Interest is charged from when loans are taken out until they are repaid in full; Repayment begins the April after you finish or leave your course (as long as earnings are above £1,750 a month or £21,000 a year); Repaid through tax system; Any outstanding balance written off by government after 30 years.

25. 12_13 Loan Repayment Income each year before taxMonthly salary before taxApproximate monthly repayment Up to £21,000Below £1,750£0 £24,000£2000£23 £27,000£2,250£45 £30,000£2,500£68 £33,000£2,750£90 £36,000£3,000£113 £40,000£3,333£143

26. 12_13 Click on link Paying back your student loan 2012/13 http://www.direct.gov.uk/studentfinance

27. 12_13 http://www.direct.gov.uk/studentfinance

28. 12_13 Applying for Student Finance: Top Tips Apply as early as possible – you don’t have to have a confirmed place; It’s quickest and easiest to apply online; you can also track your application and change details like course, bank account number etc. online; Before submitting an application, check all information and evidence thoroughly to avoid subsequent delays.

29. 12_13 How do I apply? Gross household income 10/11 - £1200 per dependant in FT education = Residual income Re Assessment if household income has dropped by 15% Evidence from Tax year 10/11 Valid UK passport /Original Birth Certificate with signed declaration form Original overseas Passport with signed declaration

30. 12_13 How to apply & get paid... Part One [IN 2012] Go to SFE website, select “Register and apply for student finance” then complete application Complete declaration form Submit all info and evidence requested SFE assesses application; Requests any missing info or evidence

31. 12_13 SFE makes first grant and loan payments to student & university SFE approves application; Sends Notification letter to student Take Notification letter to university when you register on your course How to apply & get paid... Part Two [IN 2012]

32. 12_13 Student finance timescales for Year 13s in 2011/12 Autumn Term Use www.direct.gov.uk and university & college sites to research financial support & repayment Spring Term Apply for student finance – Now; you should receive notification letter within 6 to 8 weeks Summer Term Application deadline – 31 st May 2012 Higher Education – Term 1 Register at university, receive student finance

33. 12_13 Use the direct.gov website and university & college websites to help you make informed choices Apply as early as possible – well before 31 st May deadline Apply online & use online functions post-application Check your application and evidence really carefully Take your Notification letter when you register Student finance – Key Messages

34. 12_13 –www.wiltshire.ac.uk/support_serviceswww.wiltshire.ac.uk/support_services

35. 12_13 Money pages

36. 12_13 My Career Online

37. 12_13 Money pages

38. 12_13

39. Customer Support line 0845 300 5090