Student Funding For Undergraduate, Full time Home (UK) Students

Constant Change 2006/07 to 2011/12 Tuition Fees (£3,000.00 - £3,465.00) Maintenance Loan Maintenance Grant University Bursary

Constant Change 2012/13 to 2014/15 Tuition Fees (£9,000.00) Maintenance Loan Maintenance Grant National Scholarship Programme

Constant Change 2015/16 Tuition Fees (£9,000.00) Maintenance Loan Maintenance Grant University Bursary

Constant Change 2016/17 Tuition Fees (£9,000.00) Maintenance Loan University Bursary

Constant Change 2017/18 Tuition Fees (£9,250.00) Maintenance Loan University Bursary (Derby+)

Support Available Financial support comes in various forms: Tuition Fee Loan (Student Loan) Maintenance Loan (Student Loan) Derby+ Bursary (University of Derby) NSP will be withdrawn after 2014/15

Payment of fees You can apply for a Tuition Fee Loan for the full amount of your annual tuition fee If you take this loan, you will not need to pay your course fees upfront This is non-income assessed If you don’t apply for a Tuition Fee Loan you will need to pay your tuition fees annually

Maintenance loan Max £8,430* if living away from parental home and studying outside London Max £7,097* if living at home * Additional amount available for Health (NHS) Courses (approx. £500 - £700)

Maximum loan – 2017/18 Full year rates Maximum available Does not depend on income Does depend on income Elsewhere £8,430 £3,928 £4,502 Students living at parental home £7,097 £3,122 £3,975

Maintenance Loan

Other financial help Parents’ Learning Allowance* (Income assessed) of up to £1,617 a year Childcare Grant* (Income assessed) of up to £159.59 a week for one child or £273.60 per week for 2 or more children Adult Dependants’ Grant* (Income assessed) of up to £2,834 a year

Assessment for support Parental income If your parents are separated or divorced, it is the income of the natural parent you normally live with If that parent has remarried or lives with a partner, it is the income of the natural parent the student normally lives with and their spouse or partner’s income

Assessment for support Married Partner's income Independent Status Over 25 Self supporting for 3 years Responsible for a child Estranged No living Parents

Payment of loans Loans are paid in three instalments: September (after enrolment) January April Loans are not repayable until after the course is completed

Repayment of loans Student loans for tuition fees and living costs are not repayable until after you have finished studying and you are earning over £21,000 a year Remaining balances will be written off after 30 years

Amount of salary from which 9% will be deducted Repayment of loans Income each year Monthly repayment Amount of salary from which 9% will be deducted Up to £21,000 £0 £21,700 £5.25 £700.00 £25,000 £30.00 £4,000 £30,000 £67.00 £9,000 £35,000 £105.00 £14,000 £40,000 £142.00 £19,000

Repayment Example Tuition Fee Loan £9,250.00 Maintenance Loan £8,430.00 Total (3 years of study) £53,040.00 Based on a starting salary of £19,000.00 and a final salary of £30,000.00 Total repayments (over 30 years) £23,563.00 Source: The Complete University Guide

Derby+ Bursary Provides targeted financial assistance with the costs of higher education to all Full Time Undergraduate students Students can receive up to £1,000 per academic year of study

Derby+ Bursary Household income Award £0.00 - £25,000 £1,000 (£900 plus £100 Study card) £25,001 - £36,592 £600 (£500 plus £100 Study card) £36,593 and above £100 Study card

Postgraduate Loans You can get up to £10,280 for your whole course. If you’re studying for 2, 3 or 4 academic years, the loan will be divided equally across each year of your course. The loan is paid directly to you as a contribution towards your course and living costs. The loan isn’t based on your household income.

Postgraduate Loans You’ll only start repaying when your income is over £21,000 per year. You’ll pay back 6% of your income over the minimum amount (‘threshold’). Example You earn £30,000 a year (gross). This is £9,000 over the annual threshold. You’ll repay £45 each month.

Helpline: (01332) 592000 10-11am & 1-2pm (Monday-Friday) Funding queries: smart@derby.ac.uk General queries: studentwellbeing@derby.ac.uk Appointments: (01332) 593000