1. School of something FACULTY OF OTHER Undergraduate Funding from 2012 New, full-time students

2. Contents Financial support from the Government (Loans & Grant) Loan Interest & Repayment Financial Support from the University Key Messages

3. Meeting costs of university – Government funding Two main costs: Fees and Living Costs Three main strands of funding from the government to meet these costs: 1.Tuition Fee Loan 2.Living Costs Loan 3.Living Costs Grant

4. Household incomeLiving cost loanLiving cost grantTotal £25,000 or less£3,875£3,250£7,125 £30,000£4,330£2,341£6,671 £40,000£5,239£523£5,762 £42,601*£5,500£0£5,500 £50,000£4,788£0£4,788 £55,000£4,288£0£4,288 £60,000£3,788£0£3,788 £62,500 and above£3,575£0£3,575 Living Costs Funding (from the Government)

5. Loan Interest Interest is payable from day one Interest charged at up to RPI + 3%: Not in employment or earning below £21K after graduation – interest at RPI Between £21K and £41K annual earnings, the interest rate that is applied (on a sliding scale) will be between RPI only and RPI + 3% Earnings over £41K PA will attract interest of RPI + 3%

6. Loan Repayment Begins the April following graduation Repayment direct from wages through PAYE Repay 9% of income over £21,000 ONLY Income drops below £21K PA repayments automatically stop Student loan balances written off after 30 years

7. Key Finance Support Messages – Government No upfront payments for tuition fees Loans and grants more generous for most Repay only if you benefit financially from a degree: repayment threshold increased from £15K to £21K Repayment threshold will rise annually after 2016 (previous threshold static at £15K) Repayments can be seen as a finite ‘graduate tax’

8. Our Financial Support – Automatic Funding No application required Awards available to students with an income of up to £42.6K Worth up to £6k year 1 and £3k year 2 onwards Choice of funding to receive: Bursary Partial Fee Waiver University Accommodation Contribution Part-funded by the National Scholarship Programme

9. Non-Financial Support Targeting those receiving automatic £6k award or those receiving non-automatic scholarships Transition and Retention Activities: Pre registration day Regular meetings with staff Social events for scholars Employability: Volunteering & paid work opportunities Business mentoring

10. Summary per year: Help from the Government Tuition fee loan: up to full cost of course Maximum: £7,125 loan for living costs and grant (2012 entrants living away from home) Minimum: £3,575 loan for living costs (2012 entrants living away from home) Help from the University & National Scholarship Programme Up to £6,000 in year 1 and £3k per year in subsequent years (automatic) Money paid as fee waiver or bursary or accommodation contribution Scholarships (non automatic)