1. Financing Higher Education

2. Aims and objectives By the end of this session you will have; An understanding of why it is important that you begin to thinking about student finance An overview of the main costs associated to university life An overview of the support available An overview as to how to apply for Student Finance and how to pay it back www.exeter.ac.uk

3. Tuition Fees Universities and college can charge between £6,000 and £9,000 per year The majority charge the full fees of £9,000 You do not need to pay upfront www.exeter.ac.uk

4. Living costs www.exeter.ac.uk Reason for spendAmount Accommodation (catered)£5,760 Books and equipment£300 Food – lunches, coffees etc.£640 Clubs and societies£270 Clothing£270 TV licence£145 Travel home£150 Toiletries and haircuts£150 Telephone£270 Social life£1,120 House deposit for next year£370 Total£9,445

5. Available finance Tuition fee loan Living cost support Maintenance Loan Maintenance Grant Institutional support Other support www.exeter.ac.uk

6. Sources of income www.exeter.ac.uk Type of funding Maintenance grant Maintenance loan £3,387 (max) Amount Repayable Non- repayable Means tested Non-means tested Full value up to £9,000 Tuition fee loan £3,610 to £5,555

7. Support for living costs www.exeter.ac.uk Household Income Maintenance grant Maintenance loan Total £25,000 or less£3,387£3,862£7,249 £30,000£2,441£4,335£6,776 £35,000£1,494£4,808£6,302 £40,000£547£5,282£5,829 £50,000£0£4,836 £60,000£0£3,826 £62,500£0£3,610

8. Sources of income: www.exeter.ac.uk Type of fundingRepayable Non- repayable Means tested Non-means tested Fee waivers and bursaries (Including National Scholarship Programmes) Scholarships for academic excellence Scholarships for music and sport Scholarships for specific schemes

9. University support www.exeter.ac.uk SupportHousehold incomeBursary amount Access to Exeter bursaries<£16,000 £2,000 for year 1 £1,500 for subsequent years £16,001 - £25,000 £1000 for year 1 £1000 for subsequent years Care leavers will receive a full fee waiver for all years of study and support for additional accommodation costs

10. Other support Disabled Students Allowance (DSA) Access to Learning Fund Dependence allowance Parental contribution Part-time employment www.exeter.ac.uk

11. Paying back your loan You do not pay until you are earning over £21,000 If your earnings change, your repayments change You start replaying April after graduation Interest is variable and is a lot less than normal loans After 30 year, your remaining loan will be written off www.exeter.ac.uk

12. Paying back your loans www.exeter.ac.uk Annual Salary TOTAL MONTHLY REPAYMENT <£21,000£0.00 £25,000£30.00 £30,000£67.50 £25,000£105.00 £40,000£142.50 £50,000£217.50 £60,000£292.50

13. How do I apply? Visit the student finance website Complete the online application You will need to provide evidence of your household income You can apply in early spring of the year of entry Make sure you apply by the set deadline www.exeter.ac.uk

14. Finding out more Search online for… University of Exeter Student Finance Calculator 2014 Student Loans Company Student Application Demo University scholarships www.exeter.ac.uk

15. www.exeter.ac.uk 01392 724043 visitus@exeter.ac.uk