1. Financing Higher Education Type the author’s name and date of presentation here

2. Why do I need to think about finance? Tuition fees Living Costs Support

3. What are tuition fees? Universities and colleges 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!

4. What finance could I be entitled to? Student support 2014/2015 Tuition Fee Loan Living Cost Support Maintenance Loan Maintenance Grant Institutional Support

5. Type of funding Sources of Income: Government Maintenance grant Source of funding AmountRepayableNon- repayable Means tested Non-means tested Tuition fee loanFull value up to £9,000 Maintenance loan £3,610 to Maintenance loan £5,555 Maintenance grant £3,387 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

6. Total support for living costs 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

7. Type of funding Sources of Income: Institution Fee waivers and bursaries (Including National Scholarship Programmes) Source of funding AmountRepayableNon- repayable Means tested Non-means tested Tuition fee loanFull value up to £9,000 Maintenance loan £3,610 to Maintenance loan £5,555 Maintenance grant £3,387 Scholarships for music and sport Scholarships for specific schemes Repayable Non- repayable Means tested Non-means tested Scholarships for academic excellence

8. What are universities doing? Exeter National Scholarships – for incomes below £16,000 £2,000 bursary for Year 1 and £1,400 bursary for subsequent years of study Access to Exeter bursaries – for incomes above £16,000 £1,000 per year for household incomes between £16,000 and £25,000 £750 per year for household incomes between £25,000 and £35,000 £500 per year for household incomes between £35,000 to £42,600 Care leavers will receive a full fee waiver for all years of study and support for additional accommodation costs

9. Is there any more help? Other forms of funding Disabled Students Allowance Access to Learning Fund Dependence Allowance Parental contribution Bank overdraft Vacation and term time earnings

10. Paying back your loans Annual SalaryTOTAL MONTHLY REPAYMENT Amount of salary from which 9% will be deducted <£21,000£0 £25,000£30.00£4,000 £30,000£67.50£9,000 £35,000£105.00£14,000 £40,000£142.50£19,000 £50,000£217.50£29,000 £60,000£292.50£39,000

11. Will I be able to afford to pay it back? If you do not earn over £21,000, you do not pay If your earnings fall, you pay less You start repaying April after graduation Interest is variable and is a lot less than normal loans After 30 years, the balance of the loan will be written off

12. How do I apply? Visit the student finance website (www.gov.uk/studentfinance) Complete the online application You will need to provide evidence of your household income You can apply in early spring of your year of entry Early 2014 for 2014/15 entry Make sure you apply by the set deadline May 2014 for 2014/15 entry

13. Where can I find out more? Search online for… University of Exeter Student Finance Calculator 2014 Student Loans Company Student Application Demo Whatuni Scholarships

14. Any questions? Contact us: visitus@exeter.ac.uk 01392 724043 visitus@exeter.ac.uk