1 / 7

Student Finance Matters

Student Finance Matters. Paul Meades Student Finance Adviser. Main changes in 2012/13. Reduction in HEFCE teaching grant Universities allowed to charge up to £9,000 Tuition Fees per year (UoP £8,750) Real rate of interest on the loans for the first time and changes to repayment T&C’s

maddy
Download Presentation

Student Finance Matters

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 Finance Matters • Paul Meades • Student Finance Adviser

  2. Main changes in 2012/13 • Reduction in HEFCE teaching grant • Universities allowed to charge up to £9,000 Tuition Fees per year (UoP £8,750) • Real rate of interest on the loans for the first time and changes to repayment T&C’s • National Scholarship Programme introduced (Bursaries) • Requirement to provide more information (KIS)

  3. Tuition Costs • Tuition fees are different at each University, up to a maximum of £9,000 per year. • Fees will rise each year in line with inflation. • The University of Portsmouth is charging £8,750 for all full-time courses in 2013/14 (Subject to agreement by the Office for Fair Access)

  4. Student Support 2013/14 Tuition Costs Loan (repayable) Covers full tuition fees for full-time and part-time UK and EU students. Not income assessed Living Costs Loan (repayable) To help with living costs for full-time English students Partially income assessed Living Costs Grant (non-repayable) To help with living costs for full-time English students Income assessed University Bursaries / National Scholarship Programme (non-repayable) Can be towards fees or living costs depending on institution For full-time English students Income assessed

  5. University of Portsmouth Bursary • For full-time, English students • Numbers are not limited • Subject to agreement by the Office for Fair Access

  6. Key finance messages • Fees do not have to be paid upfront • Tuition costs loans are not income assessed • Support is targeted at students from low income households • Repayments are linked to income – only repay when earning over £21,000 • 30 year repayment period

  7. Contact us • Drop in: Second Floor, Nuffield Centre, St Michael’s Road • Phone: (023) 9284 3014 • Email us: student.finance@port.ac.uk • Web: www.port.ac.uk/money

More Related