1 / 25

Finance in the new fees environment – update on the new fees & finance structure from 2012

Finance in the new fees environment – update on the new fees & finance structure from 2012 University of Exeter Students’ Guild Advice Unit. Joanna Thomas – Student Advisor. Tuition Fees. 2012/13: Tuition Fees – Up to £9,000 pa

elia
Download Presentation

Finance in the new fees environment – update on the new fees & finance structure from 2012

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. Finance in the new fees environment – update on the new fees & finance structure from 2012 University of Exeter Students’ Guild Advice Unit Joanna Thomas – Student Advisor

  2. Tuition Fees • 2012/13: • Tuition Fees – Up to £9,000 pa • ALL UK/EU students can take out a tuition fee loan, regardless of household income • Available to full & part-time students • Some fee waivers available & fees paid • (or part fees paid) depending on course, • University and personal situation

  3. Income • Main sources of income for living costs: - Maintenance Grant • Maintenance Loan • Bursaries • Scholarships • Additional support...

  4. Maintenance Grant (or Special Support Grant) • Up to £3,250 pa • Full grant – household income of £25,000 or less • Some support – household income • of up to approx £42,600

  5. Maintenance Loan • 2012/13 – approx. between £3,575 - £5,500 • - living away from parental home & studying outside of London • Or, 2012/13 – approx. between £2,850 - £4,375 - living at parental home & studying in or outside London • Or, 2012/13 - approx. between £5,525 - £7,675 • -if living away from parental home & studying in London Difference between min. & max. depends on… how much Maintenance Grant you are eligible for and how much your household income is

  6. UNIVERSITY BURSARIES & NATIONAL SCHOLARSHIP PROGRAMME University specific… University of Exeter (UK/Home & EU students): Access to Exeter Bursaries: - £1500 per year - Household income up to £25,000 - £1000 per year – Household income between £25,000 - £35,000 - £500 per year - Household income between £35,000 - £42,600 National Scholarship partial fee waivers: - Household income below £16,000: Either, a partial fee reduction of £3000, Or, a partial fee reduction of £2000 and a £1000 bursary - Household income between £16,000 - £20,000: A partial fee reduction of £2,000 - Household income between £20,000 - £25,000: A partial fee reduction of £1,000 ------------------------------------------------------------------------------ You also have Bursaries and Scholarships from Universities which are merit based – e.g. Academic, Sports, Music, Drama etc

  7. Application & Assessment Loans & Grants: • Assessment by Student Finance (SLC) • On-line application Means-test household income Bursaries/Scholarships: • University specific

  8. Income Main sources of income: - Maintenance Grant - Bursaries - Maintenance Loan - Tuition Fees Loan

  9. Repaying Tuition Fees & Maintenance Loan • When? After leaving course & earning £21,000+ pa. • How? Deductions directly from wages, like tax & NI • How much? 9% of earnings over £21,000 pa. (e.g. £7.50 per month @ £22,000) (e.g. £30 per month @ £25,000) • Interest rate – • Linked to the rate of inflation plus up to 3%

  10. Additional support for: • Students with disabilities: - Disabled Students’ Allowances • Students with children or dependants: - Parents’ Learning Allowance - Childcare Grant - Adult Dependants’ Grant • Care Leavers (University of Exeter students only): • - Full fee waiver - £9,000 • - Bursary - Additional support up to £100 per week • for accommodation costs in the summer vacation • Also, grants/bursaries/loans for students studying particular courses (e.g. Teaching & NHS courses) – including partial payment of tuition fees from NHS

  11. StudentFinance: Key Messages 2012/13 Fiona Daborn Student Finance England South West

  12. Key messages • No up front payments for tuition • Apply now • Research scholarships and bursaries • Students repay according to what they earn not what they owe

  13. Student Resources

  14. http://www.facebook.com/SFEngland Ask Questions/Q&A Forums Fun Applications Link to Help Videos Information & Support

  15. http://www.twitter.com/SF_England

  16. http://www.thestudentroom.co.uk/studentfinance

  17. Practitioner Resources

  18. http://www.practitioners.slc.co.uk/

  19. Resources for you to use with students

  20. Materials linked to IAG Quality Standards Two fully scripted 45 minute lesson plans Developed & trialled with IAG partners, updated for 12/13 Interactive & encourage research Fully mapped to IAG Quality Standards

  21. Videos for students-myths and facts

  22. Resources for you to use with parents Developed following partner survey & consultation Suite of resources including myth buster, FAQ & video

  23. Resources to embed in your website

  24. Resources to embed in your website

  25. Practitioner Helpline Team Regulations Complex Queries Designated Courses Expert Advice 10am to 4pm Monday to Friday 0845 602 0583 or ssin_queries@slc.co.uk

More Related