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Fees, Funding and Finance 2014-15 entry

Fees, Funding and Finance 2014-15 entry. How much does University cost?. Tuition Fees Full time courses up to £9,000 per year tuition fees Part time courses up to £3,375 per year Living Costs Accommodation, food, travel, social life. How will you pay for it?. Tuition Fees

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Fees, Funding and Finance 2014-15 entry

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  1. Fees, Funding and Finance2014-15 entry

  2. How much does University cost? Tuition Fees • Full time courses up to £9,000 per year tuition fees • Part time courses up to £3,375 per year Living Costs • Accommodation, food, travel, social life

  3. How will you pay for it? • Tuition Fees - You don’t pay anything upfront - You receive a Tuition Fee loan to pay your fees every year (not based on household income)

  4. Key Points – Money for tuition fees Fees are maximum £9000 each year but there are exceptions and for some students fees can vary during their course. All UK/EU students can take a loan from the government to pay for their fees.

  5. How will you pay for it? • Tuition Fees Fee Waivers - Linked to household income and postcode Household income of less than £25,000 and you live in one of the specified postcodes you’ll get a full or partial fee waiver.

  6. How will you pay for it? • Living Costs - Maintenance Loan – up to £5,555 - Maintenance Grant – up to £3,387 Dependent on household income

  7. How will you pay for it?

  8. Key Points – Money for living costs All English students can apply for a government loan of £3610 to help with living costs. Depending on your household income you may be eligible for a loan up to £5555 Depending on your household income you may be eligible for a grant of up to £3387

  9. How will you pay for it? • Bursaries • Linked to household income • Free money from The University

  10. Key Points – Money from the University Bursaries and scholarships are payments to you. This is in addition to government loans and grants. University money does not have to be paid back. Fee waivers mean you do not have to borrow as much money to pay for fees.

  11. Part time work opportunities • Many of our students work part time to help with living costs with the added benefit of developing key employability skills. • Our Student Jobshop advertises all the latest vacancies and staff can offer professional advice. • As well as part-time work, the Jobshop also has details of vacation work, internships and year-long placements.

  12. City Scholars You need- ABB grades at A Level (or equivalent) or higher - Be living in a low participation area in the Sheffield City Region. You get£1,500 per year for every level of your course. DetailsThere are an unlimited number of awards. You don't need to apply for this scheme, as it is automatically assessed. Map credit: AxG 1. Sheffield 2. Rotherham 3. Barnsley 4. Doncaster 5. Chesterfield 6. NE Derbyshire 7. Bolsover 8. Bassetlaw 9. Derbyshire Dales

  13. Global Scholars You need - A*AA grades at A Level (or equivalent) or higher. You getYour air fare to an overseas summer school, as well as tuition and accommodation whilst you are there. Details There are 30 awards on offer. The summer school will be at one of our partner institutions and you'll need to go in the summer after your first or second year.

  14. Masters Scholars You need - A*AA grades at A Level (or equivalent) or higher. - Apply for selected undergraduate courses in Arts & Humanities or Social Science. You getThe University will pay the standard masters fee towards your postgraduate study with us. Details There are 50 awards on offer. You need to start your masters straight after you finish your degree and meet the entry requirements for the course.

  15. Key Points – Scholarships Some scholarships help you do other things e.g. go abroad or do a postgraduate course. They are not always a payment to you but still add value to your student experience.

  16. Part Time Work • Invaluable experience and confidence. • The Student Jobshop can help you find part time work during term time, vacations and for your a year out on placement. • The University is a regular employer of students too.

  17. Student Loans • Repayments start: - The April after you graduate - When you are earning over £21,000 • Interest charged • Anything unpaid after 30years is written off

  18. Student Loans – an example • You pay back 9% of anything over £21,000 that you earn • Therefore if you earn £22,000; you repay 9% of £1000 - £90 per year or £7.50 per month • Repayments are based on what you earn – not what you owe

  19. Applying for Student Finance https://logon.slc.co.uk/cas/login

  20. How much will I get?

  21. Budgeting www.shef.ac.uk/moneytools

  22. Key Points – What money will I have? Use the online calculator to find out: www.sheffield.ac.uk/fees2014 Make sure you find out how much things cost and work out a budget before you go to university:www.sheffield.ac.uk/moneytools

  23. Final Thoughts • Most students put together a personalised funding package • You don’t have to pay anything upfront to go to university • Most students say that the University experience is worthwhile academically, socially and financially • Finally… an average graduate earns £12,000 per year more than an non-graduate every year of their of working life (ONS, 2011)

  24. Thank you for listening. Any Questions? financialhelp@sheffield.ac.uk

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