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UCAS: Next Steps

UCAS: Next Steps. UCAS Process. Post-application outcomes: Unconditional offer Conditional offer No offers. Unconditional offer. Need to sign-in to UCAS and reply to offers. Conditional offer. Need to sign-in to UCAS and reply to offers May accept 1 firm and 1 insurance space

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UCAS: Next Steps

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  1. UCAS: Next Steps

  2. UCAS Process • Post-application outcomes: • Unconditional offer • Conditional offer • No offers

  3. Unconditional offer • Need to sign-in to UCAS and reply to offers

  4. Conditional offer • Need to sign-in to UCAS and reply to offers • May accept 1 firm and 1 insurance space • After exam results • Results sufficient: • Place confirmed: Applicant accepted • Opportunity to use ADJUSTMENT if you did better then your firm offer • Results insufficient: • EXTRA or CLEARING

  5. No offers • Opportunity to use UCAS EXTRA • Can apply again making 1 more choice • Can use extra as many times as needed until clearing starts (bear in mind it will take up to 21 days each time) • Opportunity to use UCAS CLEARING • 16 August after results – COME IN EARLY ON RESULTS DAY • For those who applied late or did not secure the grades necessary to get into their original choices

  6. Student Finance KEY FACTS

  7. NO CASH IS REQUIRED UPFRONT • Student Finance (England) will pay fees to universities on your behalf • Student Loans Company will pay you money to cover living costs • These loans are received in 3 instalments • Most universities will take payment of accommodation and other key fees in 3 chunks

  8. REPAY ONCE FINISHED AND EARNING ENOUGH • Only repay on salary over £21,000 • If you never earn above this you will never pay anything

  9. lOANS • Tuition Fee Loans • Available to all. Paid direct to university • Maintenance Loans • Cover cost of living • 3 instalments direct to bank account • Amount depends on whether you live at home or not • Max loan: £4,375 (living with parents), £5,500 (away from home), £7675 (London) • 65% guaranteed. 35% parental income assessed

  10. GRANTS • If your household income is LESS than £42,600 • You can get a non-repayable grant as well

  11. EXAMPLE: LIVING AWAY FROM HOME

  12. UNIVERSITY SUPPORT • Universities pay Bursaries and Fee Waivers for students where tuition fees are greater than £6,000. These are linked to INCOME except for SCHOLARSHIPS which while similar to a bursary depend on academic ability. • Bursary • Immediate money • Fee Waiver • Reduces your overall debt • Generally Bursary is the better option

  13. PAY UPFRONT • You are entitled to pay upfront if you want/can: • £9000 per year = £27,000 for a 3 year course • Pros: • No debt and repayments • Cons: • - You might not have to repay so much depending on the salary you earn after graduation

  14. Extra HELP IF… • You care for adults or children • Disabled students’ allowance (can include mental health) • Leaving care • Please see Mr Wheatley if you think any of these may apply – application and assessment can take time

  15. REPAYMENT: KEY FACTS

  16. YOU REPAY 9% OF WHATEVER YOU EARN OVER £21,000 • SO IF YOU EARN £22,000 EACH YEAR YOU WILL REPAY 9% of £1,000 = £90 • (£7.50 a month) • IF YOU ARE AN EMPLOYEE THIS IS DEDUCTED AUTOMATICALLY FROM YOUR SALARY

  17. EARN UNDER £21,000 AND YOU NEVER REPAY • AFTER 30 YEARS ANY REMAINING AMOUNT IS WRITTEN OFF

  18. INTEREST • Interest is charged on your loan • While you earn under £21,000 this interest equals the inflation rate (i.e. your loan is no more expensive in real terms) • Over £21,000 you start to pay up to 3% more than inflation rate

  19. SO WHAT DOES IT MEAN FOR ME: • You will repay £540 a year LESS than current graduates • For most there is NO DIFFERENCE between fees of £6,000 and £9,000 as you would not repay £6,000 in full in 30 years let alone the £9,000

  20. IT ALSO MEANS • You will owe money for longer and under certain circumstances pay more • Eg. Total borrowing of £14,500 (£9000 fees and £5,500 loan):

  21. APPLY NOW…. BECAUSE • All Uni details are pulled through automatically in the summer once you have accepted – 1 less thing to worry about • Student Finance get busy later in the year and can’t always process applications in time for you to get the money at the start of term • APPLY TODAY! • 31 MAY DEADLINE TO GUARANTEE FUNDS FOR SEPTEMBER

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