1 / 11

How Much is it Going to Cost?

Learn about the costs of higher education, including tuition fees, living expenses, and available financial support. Discover how HE finance works and the impact of having a degree on future earnings. Get helpful advice from Martin Lewis at Money Saving Expert.

aralph
Download Presentation

How Much is it Going to Cost?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. How Much is it Going to Cost?

  2. Be clear how HE finance works • No up front fees! • Tuition Fees are up to £9,250 • 75% of universities will be charging this higher fee • What you pay back depends on what you earn and only if you earn more than 21k per annum (£1,750 per month) after graduating (Now fixed until April 2021)

  3. Be clear how HE finance works • You pay back 9% of anything over the £21,000 The debt is wiped after 30 years 30% of graduates a expected to never repay the full amount

  4. Living Costs • Student accommodation

  5. Living CostsStudent accommodation £105 per week - £220 per week (uncatered) £165 per week - £330 per week (catered) Costs are usually cheaper in a shared house off campus

  6. Living Costs • Food • Books • Clothes • Travel • Socialising!?!

  7. Financial Support • Maintenance loans to meet living cost range between £3928 - £8,430 • £3928 is available to everyone and is paid in three termly instalments • The remainder is means tested (Based on parents’ residential income)

  8. Bursaries (Free money!?!) • Bursaries range from £100 to £9,000 for a single academic year • All institutions charging more than the basic tuition fee are obliged to offer National Scholarship Programme (NSP) awards of at least £3,000 to first-year students with a household income of £25,000 • A grades at A level becoming an increasingly popular feature of university bursary programme • Universities and colleges invest a total of £442.2 million in financial support (bursaries, scholarships, fee waivers, accommodation discounts etc).

  9. Very good advice by Martin Lewis at:Money Saving Expert . com

  10. Will Having a Degree Make a Difference to my Future Earnings? Added lifetime earnings by degree compared to 2 or more A levels

More Related