1 / 25

Student Funding 2013/14 entrants

Student Funding 2013/14 entrants. Aim of presentation:. What are the costs of going to university? What support is available to meet these costs? What you need to do to access the support?. Tuition Fees . Cardiff University will be charging £9,000 pa for all Undergraduate

kizzy
Download Presentation

Student Funding 2013/14 entrants

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. Student Funding2013/14 entrants

  2. Aim of presentation: • What are the costs of going to university? • What support is available to meet these costs? • What you need to do to access the support?

  3. Tuition Fees Cardiff University will be charging £9,000 pa for all Undergraduate courses from September 2012 Tuition Fees for 2013/14 are to be confirmed

  4. Students will not have to pay Tuition Fees up-front while they study • Tuition fee loans are available to all eligible students • Covers whole of the tuition fee • Not dependant on household income • Paid directly to the university • Student repays after they have graduated

  5. The New Tuition Fee Grant 2012/13 For those students resident in Wales before the start of their course: • Tuition Fees in 2012/13 are £9000 • Tuition Fee Loan available up to £3465 • New Tuition Fee Grant to cover remaining fees of £5535 • Paid by the Welsh Government • These students can study anywhere in the UK and receive the tuition fee grant • Does not depend on household income • Is non-repayable as it is a grant Keep checking www.studentfinancewales.co.uk for information about funding for students starting in 2013/14.

  6. Financial support to help students with their living costs Types of funding: • Amount available depends on household income • Assessed on tax year 2011/12 for 13-14 entrants • Paid to the student in 3 instalments during the academic year

  7. Students who normally live in Wales(12-13 figures – check www.studentfinancewales.co.uk for updates soon. The figures may increase slightly with the rate of inflation)

  8. Students who normally live in England(13-14 figs subject to parliamentary approval)

  9. Repayments • Tuition Fee Loan & Maintenance Loan are added together for total amount of student to be repaid • Interest rate is RPI + up to 3% max • Repayment depends on level of earnings, not the amount borrowed • Repay 9% of income over £21,000 • Wales - £1500 written off maintenance loan debt at repayment

  10. Repayment Calculator

  11. COMMON QUESTION: Does taking out a Student Loan affect credit rating and applying for a mortgage? • Student Loans are not commercial loans • Not noted on credit report so should not affect credit rating. • Unlikely to affect ability to get a mortgage • Mortgage Calculations should relate to disposable income • New system graduates have higher disposable income than current system

  12. Additional funding Non Income assessed - Disabled Students’ Allowance (DSA) to help with extra costs of studying related to disability or dyslexia Income assessed - Allowances if you have children Child Care Allowance Adult Dependent’s Grant Awards are in the form of a grant & do not have to be repaid

  13. Students have to apply for funding each year of their course

  14. Cardiff University Bursaries – 2012/13 • Depends on household income • Must be eligible for UK statutory funding • Assessed with statutory funding application, so no need to apply separately. For more information, please see: http://www.cardiff.ac.uk/for/prospective/ug/scholarships *Based on student funding for non-final yr student, living away from home. Please note these figures are bursaries on offer for 12-13 entrants. Please check the web from summer 2013 onwards for details for 13-14 entrants

  15. Bursary Example Based on the household income of a Welsh domiciled student at £29,990: Eligible for Maintenance Loan of:     £2,033Eligible for Assembly Learning Grant of:   £3,526Total statutory funding for year :    £5,559 As household income is under £30,000, the Cardiff University bursary will top up statutory funding to £7500. £7,500 - £5,559 = £1,941 Cardiff University Bursary

  16. Additional Cardiff University Grants 2012/13* Communities First Award • Students from a Communities First Area (Wales), household income under £42,600, will receive either £1000 discount in University residence fees or £500 travel grant. • There is a post code checker at www.artswales.org.uk/postcode-lookup-tool or contact communities.first@wales.gsi.gov.uk Care Leaver Bursary • £1000 in 1st year, £750 in subsequent years and £500 in final term. • If declare on UCAS application that you have been in care, the university mentor will contact you. Otherwise, please contact Einir Evans in the Student Support Centre. Next Step Bursary • £1000 in 1st yr if household income is under £42, 600 and already part of the University Step Up Programme *please check www.cardiff.ac.uk/for/prospective/ug/ for 13-14 updates later

  17. Scholarships - 2012/13 • £3,000 over whole course – gain AAA at A-level (or equivalent) and satisfy all aspects of their offer. • Must accept offer from Cardiff on firm basis by end July before start of course. • Don’t need to formally apply as will automatically be considered for a scholarship once A level results are released

  18. Scholarships - 2012/13* Current courses with scholarship: Archaeology Biosciences (Ecology, Genetics, Microbiology, Molecular Biology, Zoology) Chemistry Computer Science Earth and Ocean Sciences Engineering (Integrated Engineering, Electronic & Communications Engineering, Electrical & Electronic Engineering, Computer Systems Engineering, Medical Engineering) German Italian Physics Welsh *For more information and updates please check: www.cardiff.ac.uk/for/prospective/ug/scholarships/

  19. Useful web addresses www.direct.gov.uk/studentfinance www.studentfinancewales.co.uk www.delni.gov.uk/studentfinance www.saas.gov.uk Check for updates on student funding and apply online

  20. Initiative with the aim to improve students financial capability • Cardiff University Student Support iApp • Budgeting Sessions • Taste Test • Basket Challenge • Energy Efficiency • Recycle Christmas • Swap shop

  21. Where will my money go? Books & Photocopying Accommodation Fees Travel Food Clothing Socialising

  22. Budget Weekly costs • Halls (incl bills) £87 • Food £33 • Toiletries/laundry £5 • Books/copying £8.75 • Travel (inc. travel home) £9 • Phone, T.V, Insurance £8.50 • Social/leisure £30 • Clothes £7.50 Total £188.75

  23. Maximising income BOGOF offers Part time work Choosing the right bank account, eg, for their overdraft facilities Student discount in shops, cinemas & pubs Rail cards Buy Second hand books

  24. Keep updated www.cf.ac.uk Current students ↓ Student support

  25. Contact us 50 Park Place, Cathays Park Campus 029 2087 4844 2nd Floor, Cardigan House, Heath Park Campus 029 2074 2070 studentsupportcentre@cardiff.ac.uk www.cardiff.ac.uk/studentsupport

More Related