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Finance Information for 2015-16 Entry

Finance Information for 2015-16 Entry. Student Funding Advice Team. To help our students now and throughout their studies to succeed We have specialist advisers that can help you with : Financial advice and guidance Benefits information Employment and consumer advice. Key facts.

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Finance Information for 2015-16 Entry

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  1. Finance Information for 2015-16 Entry

  2. Student Funding Advice Team • To help our studentsnow and throughout their studies to succeed • We have specialist advisers that can help you with: • Financial advice and guidance • Benefits information • Employment and consumer advice

  3. Key facts • You do not pay tuition fees up front • You need to be earning at least £21,000 a year before you start paying back • Repayments are from as little as £4.00 a month • Graduate employment rates remain high (92.7% within six months of graduation) • Government figures are subject to parliamentary approval • Residual household income? This is effectively the household income BEFORE tax and AFTER any pension contributions or allowances for dependant children.

  4. How much will it cost? • Annual Tuition Fees for2015-16 • York St John University tuition fees are £9,000 • Accommodation - approx. £4,000-£7,300 Pay termly, in advance, by cheque or direct debit • Living Expenses - approx. £4,000 (but varies!)Food , books, course costs, clothes, laundry, entertainment, travel home

  5. Financial help is available • Tuition Fees • Do not have to pay up front or whilst studying • Tuition Fee Loan available from the Student Loans Company • Loan also available for eligible part-time, first-degree students who complete minimum of 25% of full time course load • Some exemptions to fees– NHS courses e.g. Physiotherapy and Occupational Therapy

  6. Financial help is available Living Cost Loan Available for all eligible full-time students All students are eligible for 65% of the loan, further 35% is means-tested on residual household income In 2014/15 the maximum annual loan available if you live with your parents will be £4,393, if you live away from home £5,341. Paid in three instalments at the beginning of each term

  7. Financial help is available Living Cost Grant for full-time students: The amount of the grant isdependant on residual household income Available for eligible full-time students This help does not have to be repaid Maximum grant available of £3,387 if your residual household income below £25,000 Partial grant available if residual household income is up to £42,620 Apply via www.gov.uk/studentfinance

  8. NB: Figures above are for 2014-15

  9. Financial help available from York St John Bursaries YSJ Bursary Paid by YSJ to UK/EU students starting in September 2015, enrolled on a programme charging the maximum fee of £9,000. You don’t need to apply for this bursary, because you will be automatically assessed. The bursary is paid in two instalments.

  10. NHS Funding • Tuition Fee for NHS Courses • Students on NHS funded course do not pay tuition fees. The NHS meet the full cost of tuition fees. • NHS Grant • Available for all eligible full-time NHS students • Non means-tested • Maximum amount available £1,000 • Once you have a place on an NHS funded course you will need to register for an account and then make your application via the website below: • https://myaccount.nhsbsa.nhs.uk/Pages/Login.aspx

  11. NHS Funding NHS Bursary Available for eligible full-time NHS students Non-repayable Maximum amount available £5,460 (2014-15 figures) The amount of bursary you can get depends on: Where you live Where you study Whether you live with your parents The number of weeks you study each year Household income Paid over 12 months NHS Funding

  12. Financial help is available Living Cost Loan Available for all eligible full-time NHS students In 2014/15 the maximum annual loan available £2,324 (final year loan rate £1,811) Apply on a online application via www.gov.uk/studentfinance Paid in three instalments at the beginning of each term

  13. Repayment of loans

  14. Interest Rates During study until entering repayment • Retail Price Index (RPI) +3% Income: Below £21,000 • RPI Only Income Between: £21,000 - £41,000 • RPI plus some amount • between 0% and 3% Income: Above £41,000 • Retail Price Index (RPI) +3%

  15. Don’t struggle alone… speak up! • There are many points of contact throughout the university if you are having money worries, but start with the Student Funding Advice Team! • Many universities have hardship funds available in extreme circumstances. • Visit the money saving expert website for specific advice and tips for students, including: • Council tax discounts • Student bank accounts • Overpayment of tax • TV licence refunds • Student insurance • www.moneysavingexpert.com/students

  16. Contacts • Student Funding Advice Team • 01904 876939 • fundingadvice@yorksj.ac.uk • Useful websites: • www.yorksj.ac.uk • www.gov.uk/studentfinance • www.nhsbsa.nhs.uk • www.studentloanrepayment.co.uk • www.studentfinanceengland.co.uk

  17. Have a great day!

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