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Financing Higher Education

Financing Higher Education. Type the author ’ s name and date of presentation here. Why do I need to think about finance?. Tuition fees Living Costs Support. What are tuition fees?. Universities and colleges can charge between £6,000 and £9,000 per year

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Financing Higher Education

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  1. Financing Higher Education Type the author’s name and date of presentation here

  2. Why do I need to think about finance? • Tuition fees • Living Costs • Support

  3. What are tuition fees? • Universities and colleges can charge between £6,000 and £9,000 per year • The majority charge the full fees of £9,000 • You do not need to pay upfront!

  4. What finance could I be entitled to? Student support 2014/2015 • Tuition Fee Loan • Living Cost Support • Maintenance Loan • Maintenance Grant • Institutional Support

  5. Sources of Income: Government

  6. Total support for living costs

  7. Sources of Income: Institution

  8. What are universities doing? • Exeter National Scholarships – for incomes below £16,000 • £2,000 bursary for Year 1 and £1,400 bursary for subsequent years of study • Access to Exeter bursaries – for incomes above £16,000 • £1,000 per year for household incomes between £16,000 and £25,000 • £750 per year for household incomes between £25,000 and £35,000 • £500 per year for household incomes between £35,000 to £42,600 • Care leavers will receive a full fee waiver for all years of study and support for additional accommodation costs

  9. Is there any more help? • Other forms of funding • Disabled Students Allowance • Access to Learning Fund • Dependence Allowance • Parental contribution • Bank overdraft • Vacation and term time earnings

  10. Paying back your loans

  11. Will I be able to afford to pay it back? • If you do not earn over £21,000, you do not pay • If your earnings fall, you pay less • You start repaying April after graduation • Interest is variable and is a lot less than normal loans • After 30 years, the balance of the loan will be written off

  12. How do I apply? • Visit the student finance website (www.gov.uk/studentfinance) • Complete the online application • You will need to provide evidence of your household income • You can apply in early spring of your year of entry • Early 2014 for 2014/15 entry • Make sure you apply by the set deadline • May 2014 for 2014/15 entry

  13. Where can I find out more? • Search online for… • University of Exeter • Student Finance Calculator 2014 • Student Loans Company • Student Application Demo • Whatuni Scholarships

  14. Any questions? • Contact us:visitus@exeter.ac.uk01392 724043

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