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### Comprehensive Guide to Student Funding 2013 & Beyond ####

Explore the various aspects of student funding beyond 2013, including tuition fees, living costs, grants, loans, bursaries, NHS funding, and loan repayments. Learn how much you could be expected to pay and access additional government funding. Discover how to apply for scholarships, bursaries, and NHS funding to support your education. Repayments are income-based, ensuring everyone can afford to study. Stay informed on maintenance grants, loans, and useful websites for more information. ####

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### Comprehensive Guide to Student Funding 2013 & Beyond ####

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  1. Student Funding 2013 & Beyond

  2. Agenda • Tuition fees • Money for living costs • Grants, loans, bursaries, fee waivers etc... • NHS funding • Student loan repayments • How this works • How much you could be expected to pay

  3. Tuition fees • Universities can charge between £6,000 - £9,000 each year for their courses • Tuition fee rates are available on university websites • All students can take a tuition fee loan each year so everyone can afford to study

  4. Money for living costs • Maintenance grant up to £3,354 (means tested) - you don’t pay this back - full grant up to £25,000 – partial grant up to £42,600 • Maintenance loan - partially means tested - £3,575+ (living away from parental home rate) • £2,843+ (living in parental home rate)

  5. Living away from home outside London Student Funding 2013 £7,000 All students should have access to around £5,500 £6,000 £5,000 £4,000 £3,000 £2,000 £1,000 Household Income 10k 30k 40k 20k 50k 60k 70k

  6. Living away from home outside London Student Funding 2013 £7,000 Maintenance Grant (£3,354) £6,000 £5,000 £4,000 Maintenance Loan (£3,823) £3,000 £25K £2,000 £1,000 10k 30k 40k 20k 50k 60k 70k

  7. Living away from home outside London Student Funding 2013 £7,000 Maintenance Grant £6,000 £5,000 £4,000 Maintenance Loan £3,000 C42.6K £2,000 £1,000 10k 30k 40k 20k 50k 60k 70k

  8. Student Funding 2013 Parental Contribution Maintenance Grant £7,000 £6,000 £5,000 £4,000 Maintenance Loan £3,000 £2,000 £1,000 10k 30k 40k 20k 50k 60k 70k

  9. Money for living costs • National Scholarship Programme • Targeted package of funding worth a minimum of £3,000 • Every university will have a different scheme and details are available on university websites • Bursaries and Scholarships • Fee waivers • Discounted accommodation • Free foundation year

  10. Additional Government Funding • Disabled Students Allowance (DSA’s) • Specialist equipment allowance • Non-medical helpers allowance • General disabled students’ allowance • Extra travel costs • Contact Disability Services • 01642 342277 or disability@tees.ac.uk

  11. How to applyApply to Student Finance England at www.sfengland.slc.co.uk

  12. NHS funding 2012

  13. NHS Funding • NHS funded students • doctor or dentist (eligible for an NHS Bursary during the latter stages of their pre-registration training • chiropodist (including podiatrist), dietician, occupational therapist, orthoptist, physiotherapist, prosthetist, and orthotist, radiographer, audiologist or a speech and language therapist • dental hygienist or dental therapist • nurse, midwife or operating department practitioner (degree course)

  14. NHS funding Non-repayable funding • Not means tested • Payment of Fees • NHS Grant of £1,000 • Means tested • NHS Bursary up to £4,395 for 45+ weeks living away from parents • Up to £3,351 living with parents Repayable funding • Not means tested • Apply to Student Finance England on PN1 form • £2,324 (living away from home • £1,744 (living at home) • You pay it back like everyone else www.nhsbsa.nhs.uk

  15. How to apply • Apply online at www.nhsbsa.nhs.uk • Supplementary paper forms; DSA, Childcare • Re-apply yearly • Paid by equal monthly instalment until following August

  16. Loan repayments • Student loans are very different to commercial credit • Interest rate linked to inflation plus up to 3% • How much you pay depends on how much you earn • Nothing to pay until you have left education and earn over £21,000 per year • Low monthly repayments • Outstanding debt written-off after 30 years

  17. Student loan repayments If you earn less than £21,000 Percentage of income 0% 30k Monthly repayments 20k £0 18k Weekly repayments 15k £0 10k

  18. Student loan repayments £22,000pa Percentage of income 9% of £1,000 £90 (0.41%) 30k Monthly repayments 20k £7.50 18k Weekly repayments 15k £1.73 10k Payback 9% of earnings above £21,000

  19. Loan repayment example • Graduate earning £30,000pa gross • Monthly gross income £2,500 • Pension (6%) £150 • Tax £345 • National insurance £195 • Net income £1,810 • Student loan repayment £67.50 • INCOME £1,743.50

  20. Summary • You don’t have to pay anything until after you have left education – everyone can afford to study • Full-time students can apply for a maintenance loan to help with living costs • Students from households earning less than £42,600 will also receive a non-repayable maintenance grant • Repayments are based on what you earn, not on what you owe

  21. Useful websites • Government services website • www.gov.uk • Government services website • More information about funding • University websites • Information about courses, bursaries, fee waivers etc • www.tees.ac.uk • Money Saving Expert • www.moneysavingexpert.com

  22. ANY QUESTIONS?

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