Student Finance

1. Student Finance

2. Student Finance 19/20 • Tuition Fee Support • Maintenance Support • Repaying Student Loans • Scholarships & Bursaries • Any Questions? @EHUoutreach

3. Tuition Fees @EHUoutreach

4. What are Tuition Fees? • Max. £9,250/year • Eligibility: • English citizen • Studying in UK • First Degree • Paid directly to your university • No up-front fees @EHUoutreach

5. What do Tuition Fees cover? • Lectures, seminars and tutorials • Compulsory course field trips • Professional Body Examination Fees • University support services • Access to university library • Access to computer facilities • Administrative costs • Membership of a students’ union @EHUoutreach

6. Maintenance Loans @EHUoutreach

7. Maintenance Loan Covers cost of living Loan is optional Part non-means tested, part means-tested Repayable Transferred to your account in three Termly Instalments @EHUoutreach

8. Maintenance Loan *Subject to Parliamentary Approval @EHUoutreach

9. Maintenance Loan *Maximum Loan Amounts and subject to Parliamentary Approval @EHUoutreach

10. Repaying Student Loans @EHUoutreach

11. Repaying Student Loans • The two loans are combined together • Start to repay once: • You’ve graduated • You’re earning above £25,725 (from April, 2019) • You will repay 9% of everything you earn above £25,725 @EHUoutreach

12. Repayment Thresholds Repaying Student Loans @EHUoutreach

13. Repaying Student Loans • If you move or work overseas, repayments will still be taken • After 30 years of repaying, whatever’s left over is written off completely • You will only ever repay from when you’re earning above £25,725 @EHUoutreach

14. Repaying Student Loans Repaying Student Loans • All RPI figures given are for the 2018/19 Sep-Aug time period and will fluctuate over time • Early repayment not particularly advised • Repayments taken directly from salary • Repayments stop if salary does • . @EHUoutreach

15. Repaying Student Loans • Scenario 1: • Student debt £20,000. Your earnings £31,000. Your annual repayment is £475. • Scenario 2: • Student debt £50,000. Your earnings £31,000. Your annual repayment is £475. • Scenario 3: • Student debt £1 billion. Your earnings £31,000. annual repayment is £475. • Students should see this as a 9% higher tax rate • ‘Student loans' is a misnomer - elsewhere similar schemes are called a 'graduate contribution' system. We should call it this too.’ • Martin Lewis, Money Saving Expert @EHUoutreach

16. Additional Support, Scholarships & Bursaries @EHUoutreach

17. Additional Support • Disabled Students Allowance (DSA’s) • Mental Health Conditions Specific learning disabilities • Dependants Grants • Childcare grant • Parents Learning Allowance • Adult Dependants Grants • University specific scholarships & bursaries • Non-repayable • Further information can be found at www.gov.uk @EHUoutreach

18. Scholarships Scholarships Universities set their own criteria Normally reward excellence or focus on lower income families Applications vs guaranteed scholarships Fee waiver vs cash Can be achieved through a variety of methods & activity areas: Sport Volunteering Performing Arts A-Level/BTEC Grades @EHUoutreach

19. Student Opportunity Fund Student Opportunity Fund • Enables you to apply for financial support and take part in activities which enhance your employability. • Worth up to £2000 • A group of students embarked on a Study China programme comprising a 20 day trip to Beijing, Shanghai and Hangzhou • Ben Llewelyn-Reid completed a five month internship at Verb Marketing, a digital marketing company in Liverpool  • Ryan Leder produced a play, Numbered Days, which was shown at The Core at Corby Cube, Northamptonshire. • Sports Coaching students visited Indiana State University to observe elite students in training @EHUoutreach

20. Applying for Student Finance @EHUoutreach

21. Student Finance Application • Online application • Apply as early as possible • 24th May deadline for guaranteed money @EHUoutreach

22. @EHUoutreach

23. What is the role of the supporter? What happens next? @EHUoutreach

24. Key Messages • Apply early – can take six weeks • Don’t need a confirmed place to apply • Agree to share information • Only receive money when enrolled • A late application can result in late payment • Re-apply every subsequent year • Submit Online Terms and Conditions (OTC) via the online account with an e-signature @EHUoutreach

25. Part time work • Edge Hill Works • Free service • Help to find part-time/temporary/holiday work • Bar work/care work/IT, Mentoring/Tutoring/Office/Retail/Student Guides/Ambassadors 56% of Students said they had found University more expensive than they had been expecting 77% of students now work to fund their studies - Endsleigh 2015 @EHUoutreach

26. Overview Recap • Optional • Only make repayments once you’ve left university and your income is over £25,725 a year • If you go below £25,725 repayments stop @EHUoutreach

27. Additional Support The Student Room thestudentroom.co.uk Student Finance www.studentfinance.direct.gov.uk UCAS: www.ucas.com/sfe Brightside Calculator: www.studentcalculator.org.uk Student Finance England: 0300 100 0607 Edge Hill Money Advice Team: 01695 657250 @EHUoutreach

28. Subject Taster Days English and Creative Writing – Halloween Taster Day – 21/10/19 Computer Science– 6/11/19 Psychology and Social Sciences – 13/11/19 Geosciences – 14/11/19 English, History and Creative Writing – Holocaust Survivor Event – 20/11/19 Sport and Physical Activity – 20/11/19 Medicine – 21/11/19 Biosciences – 27/11/19 Education and Teacher Training 5/12/19 Health and Social Care 12/12/19 Biology Olympiad 18/06/20 Open Days Saturday 12th October 2019 Saturday 9th November 2019 Saturday 23rd November 2019 Any Questions?