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STUDENT FINANCE 2013/14

STUDENT FINANCE 2013/14. STUDENT FINANCE PACKAGE 13/14. Tuition Fee Loan. The Student Finance Package. Maintenance (living cost) Support. Scholarships & Bursaries. Additional Support. TUITION FEE LOAN – FULL-TIME STUDENTS.

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STUDENT FINANCE 2013/14

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  1. STUDENT FINANCE 2013/14

  2. STUDENT FINANCE PACKAGE 13/14 Tuition Fee Loan The Student Finance Package Maintenance (living cost) Support Scholarships & Bursaries Additional Support

  3. TUITION FEE LOAN – FULL-TIME STUDENTS • Universities and higher-education colleges can charge new students a tuition fee level of up to £9,000 per year. • Eligible students won’t have to pay any tuition fees up front. • A Tuition Fee Loan (not dependent on household income) is available • to cover the fee levels set by the university or college. • (Up to £6,000 for publicly-funded courses at private HEIs) • The Student Loans Company pay any Tuition Fee Loan to • the university/college directly in instalments across the academic year. • The loan is repayable, but linked to future earnings over £21,000 a year.

  4. MAINTENANCE SUPPORT

  5. MAINTENANCE LOAN • The majority of the repayable Maintenance Loan will be available to all eligible students. 65% of the total loan is non-means tested. • (Doesn’t depend on household income) • The amount of Maintenance Loan available will be linked to where • the student lives and studies while in higher education.

  6. MAINTENANCE LOAN – 13/14 RATES ! Additional means-tested loan is available for each extra week of study for students attending their course beyond 30 weeks.

  7. MAINTENANCE GRANT • The maximum non-repayablemaintenance grant level in 2013 is £3,354. • Unlike 100% of the tuition fee loan and up to 65% of the maintenance loan, the grant a student receives is solely dependent on household income levels. (100% means tested) • Household income thresholds: • Students from households with income of up to £25,000 will be entitled to the maximum grant of £3,354. • Students from households with incomes of up to £42,611 will be entitled to a partial grant.

  8. COMBINED MAINTENANCE SUPPORT Student living away from home, outside London 2013/14

  9. SCHOLARSHIPS & BURSARIES

  10. SCHOLARSHIPS & BURSARIES ! • Bursaries: • May be eligible for National Scholarship Programme • Linked to personal circumstances and often, income level • Vary by institution • Scholarships: • Can be linked to academic results • Can be subject specific • Limited in numbers Check university websites and ask at open days for information on bursaries & scholarships – what’s available and how to apply.

  11. ADDITIONAL SUPPORT

  12. ADDITIONAL SUPPORT • You may get extra money or support if you: • have children or adults dependent on you • have a disability, mental-health condition, long-term health condition or specific learning difficulty • are studying an NHS* or Social Work course For more information on NHS and Social Work eligibility and funding students should visit: www.nhsbsa.nhs.uk/students ! • *Includes: nursing, midwifery, physiotherapy, chiropody, dietetics, speech & language therapy, dental hygiene, medicine, dentistry, radiography and occupational therapy

  13. APPLICATIONS & INFORMATION

  14. APPLICATIONS • Students should apply as soon as possible to make sure they have • their money at the start of their course. • Applying online through GOV.UK is the quickest and easiest way. • No need to wait for a confirmed offer from a university, but we need • to know right away if anything changes. (uni, course or personal details) • Make sure any required evidence is sent straight away to support applications. • In most cases this will be details supplied during the application , • with no need for original documents to be sent, including: • Valid UK passport number (for student identity) • National Insurance numbers (student & parents’ for income details)

  15. You will receive a Student finanace Entitlement Letter which will tell you what finance you will receive. • Make sure you return your student finance declaration form which you receive with this – or you will not get the cash. • If anything about your application changes you can go online and update the details to your application.

  16. FOR MORE INFORMATION AND TO APPLY https://www.gov.uk/studentfinance

  17. FOR A RANGE OF HELPFUL TOOLS AND GUIDANCE http://www.studentfinanceengland.co.uk/

  18. SOCIAL MEDIA – FACEBOOK & TWITTER www.facebook.com/SFEngland www.twitter.com/sf_england

  19. KEY MESSAGES TO REMEMBER • It’s important to make the right university and course choice, not letting fee levels affect your decision. Future repayments are linked to what a student earns, not what they borrow. • Research all finance available – especially bursaries & scholarships. • Apply online & on time – no need to wait for a confirmed place. • Apply for DSAs or other additional support as soon as possible. • Ensure all details are correct before submitting an application, and let us know of any changes as soon aspossible. www.slc.co.uk/teacherspets

  20. CONTACT US For further information on student finance and applications call SFE on: Customer helpline: 0845 300 5090 There’s no silly questions when it comes to student finance, so if you’re unsure, ask! @sf_england facebook.com/SFEngland

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