1. STUDENT FINANCE Schools and Colleges Liaison Oxford Brookes University

2. MAIN TOPICS  What are the costs?  How will students pay for it?  What are the repayments?

3. WHAT ARE THE COSTS? Two main costs:  Tuition Fees  Living Costs

4. TUITION FEES £6,000 - £9,000 per year (2015 entry) (Check individual universities and courses for details) Oxford Brookes University £9,000 per year (Undergraduate degrees taught at Oxford Brookes)

5. FOUNDATION DEGREES Foundation degree costs may differ to onsite degrees Oxford Brookes University £6,000 per year / £7,000 per year for top up year (Foundation/Bachelor degrees taught in Further Education Colleges)

6. LIVING COSTS

7. HOW WILL STUDENTS PAY FOR IT ALL? LOANS Non-Repayable Sources Tuition fee loan Maintenance loan Bursaries Scholarships

8. HOW WILL STUDENTS PAY FOR IT ALL? LOANS Non-Repayable Sources Tuition fee loan Maintenance loan Bursaries Scholarships

9. TUITION FEE LOAN £6,000 - £9,000 per year Tuition fee available to all Fees are paid directly to the university

10. MAINTENANCE LOAN To help pay for living costs All full-time UK students eligible (for 45-50%) Means-tested (50-55%)

11. MAINTENANCE LOAN ALLOWANCE Household Income Under £25,000 Household Income £62,180 & over Students living at home with parents £6,904£3,039 Students living away from home (Outside of London) £8,200£3,821 Students living away from home (Studying in London) £10,702£5,330

12. MAINTENANCE LOAN BREAKDOWN

13. HOW DO THE LOANS WORK? Loans combined into one amount Repayments start: April after the course finishes Student earning at least £21,000 per year HMRC Interest Rates Loan wiped after 30 years

14. REPAYMENTS Repay tuition fee and maintenance loan at: 9% of income over £21,000 SalaryRepayment Up to £21,000No repayment £25,000£30 per month £30,000£67 per month £50,000£217 per month

15. PAYSLIP NameMr. A. NonPay Date28th April NI numberNI12345ATax CodeAB12 EarningsDeductions Salary £ 2,083.33Tax £ 292.08 National Insurance £ 177.72 Student Loan £ 30.00 Total Pay £ 2,083.33 Total Reductions £ 499.80 Net Pay £ 1,583.53

16. HOW WILL STUDENTS PAY FOR IT ALL? LOANS Non-Repayable Sources Tuition fee loan Maintenance loan Bursaries Scholarships

17. BURSARIES AND SCHOLARSHIPS Halls discount Fee waivers Cash bursaries University specific financial packages Check university websites for details

18. APPLICATION NOT DEPENDENT ON HOUSEHOLD INCOME  Applying for: o Tuition Fee loan and o Basic maintenance loan (non means-tested)  Student can fill in application without parental information

19. APPLICATIONS DEPENDENT ON HOUSEHOLD INCOME Before starting online application, the following information is needed:  Passport (do not send) OR Birth Certificate  University and Course details  Bank account details  National Insurance number; and  Parent’s or partner’s National Insurance number and income details (parents must also register) Applications cannot be processed until all information given

20. APPLYING FOR STUDENT FINANCE 1 2 3 Fill in and send application online: www.gov.uk/studentfinance Application assessed 4 The student will not receive instalments until they have enrolled with a university Student Entitlement and Declaration letter sent

21. NHS AND SOCIAL CARE COURSES  Tuition paid in full (Nursing, Midwifery, Occupational Therapy, Operating Department Practice and Physiotherapy)  Grant and Loan (non-means tested)  Bursary (means tested) Social Care http://www.nhsbsa.nhs.uk/Students/825.aspx

22. OXFORD BROOKES UNIVERSITY FINANCIAL SUPPORT (2015 ENTRY) Oxford Brookes Bursary Up to £5,000 Community Scholarship £1,000 (for Oxfordshire state schools and (1 st year only) colleges only) Transition from Care Bursary Up to £2,000 (per year) Free Brookes Bus Pass(If paying £9,000 tuition fees) Mandatory Field TripsIncluded in course fee

23. OTHER HELP Access to Learning Fund (One off-payment) Disabled Student Allowance www.direct.gov.uk/studentfinance Processed by Student Finance England Student Services can help Support available for dyslexic students

24. EXTRA INCOME

25. Student Account Overdraft Credit Card

26. BUDGETING! Expense (Per Week)How Much? Rent £ Utility Bills £ Phone Bills & Internet £ TV Licence £ Travel £ Books & Materials (inc. printing) £ Insurance £ Clothes, Shoes, Haircuts £ Music & Films £ Gym & Sports £ Nights out & Social £ Food & Toiletries £ TOTAL £

27. HOW TO SAVE MONEY!  NUS Card  Bulk Buy  Value Food  Mobile Phone tariff  16 – 25 Railway Card

28. BENEFITS It opens doors Gain a qualification More employers require you to have a degree Meet new people Learn new skills On average, graduates will earn more than non- graduates It’s your choice!

29. USEFUL WEBSITES Government: www. gov.uk/studentfinance Student Room: www.thestudentroom.co.uk/studentfinance Brookes: www.brookes.ac.uk/studying/finance NHS: www.nhsbsa.nhs.uk/students (NHS and Social Care courses) Money Saving Expert: www.moneysavingexpert.com/students

30. www.unipodadvice.com ALL YOU NEED TO KNOW ABOUT UNIVERSITY