Student Finance. 2016 31/12/2018 © The University of Sheffield

How much does it cost? Tuition fees Maintenance costs Up to £9,000 per year Maintenance costs All other costs Accommodation, food, travel, course materials Costs can be split in 2 (the funding is also split this way). NB. Tuition fees may increase year on year in line with inflation. (current inflation would see fee rise to £9,250) 31/12/2018 © The University of Sheffield

What’s included in the £9,000 fee? Contact Hours Staff and Facilities Support Services, Libraries, IT and University buildings Compulsory elements of the course, e.g.: Some compulsory field trips Compulsory lab-based equipment 31/12/2018 © The University of Sheffield

Exceptions to the £9,000 fee Medicine foundation year £7,000 Placement years abroad £1,350 MChem Chemistry with Study in Industry placement year £1,800 Salaried work placement in UK or abroad £1,100 Non salaried work placement in UK £0 Landscape and Architecture in practice £0 31/12/2018 © The University of Sheffield

Support from the Student Loans Company Figures in this section are for students from England who are living away from their family home and studying outside of central London. Students studying in central London receive more maintenance loan. Students living at their family home receive less. Figures for devolved nations differ. Students should check their eligibility for funding from the Student Loans Company. - This support will be the same whichever university you decide to go to - Apply for all of this support together early in 2016 31/12/2018 © The University of Sheffield

Tuition fee loans You don’t pay anything upfront You receive a loan to pay your tuition fees every year of your course Not linked to household income Up to £9,000 for each year of course. If any of the exceptions to £9k fee apply to students they can request a reduced fee loan. Students never need to pay any of their own money towards their fees. If fees do increase year on year students will be able to increase their tuition fee loan to however much their fees are. 31/12/2018 © The University of Sheffield

Maintenance loans Household income Loan for living costs £25,000 or less £8,200 £30,000 £7,612 £35,000 £7,023 £40,000 £6,434 £45,000 £5,845 £50,000 £5,256 £55,000 £4,667 £60,000 £4,078 £62,180 or above £3,821 31/12/2018 © The University of Sheffield

Student loans Repayments start: - the April after you graduate Tuition fee loan Maintenance loan Student loan Repayments start: - the April after you graduate - when you are earning over £21,000 Interest is charged Anything unpaid after 30 years is written off 31/12/2018 © The University of Sheffield

Student loans – an example You pay back 9% of anything you earn above £21,000 Therefore if you earn £22,000 you repay 9% of £1,000 - £90 per year or £7.50 per month Repayments are based on what you earn not what you owe. Your salary You pay back 9% of Monthly Pay (net) Monthly repayments £25,000 £4,000 £1,663 £30.00 £30,000 £9,000 £1,946 £67.50 £50,000 £29,000 £3,012 £217.50 31/12/2018 © The University of Sheffield

Applying for support from Student Finance Applications open end of Jan. Students are encouraged to apply asap. Students do not need to have an offer/accepted a place to be able to apply they should just pick the course they think they are most likely to attend. Students should use the UCAS course code to ensure they get the right course. If students aren’t sure which course they are applying for at UoS they should contact Melanie Moore in Student Fees x29623 or M.Moore@sheffield.ac.uk 31/12/2018 © The University of Sheffield

NHS Funded Courses - Some healthcare courses are funded by the NHS 31/12/2018 © The University of Sheffield

NHS Funded Courses (2015 figures) Your tuition fees are paid for you by the NHS You receive a bursary - up to £4,443 A grant from the NHS towards your living costs - £1,000 You can still apply for a reduced maintenance loan from Student Finance England - £2,324 31/12/2018 © The University of Sheffield

NHS Funded Courses Fully-funded NHS Courses E.g. Speech and language therapy, Dental hygiene and therapy All years funded by NHS Part-funded NHS Courses E.g. Medicine and Dentistry Years 1-4 funded by Student Finance England Year 5+ funded by NHS 31/12/2018 © The University of Sheffield

Support from the University of Sheffield - This support is specific to the University of Sheffield - None of the awards have to be repaid 31/12/2018 © The University of Sheffield

Sheffield Bursary Scheme Award is determined by household income, postcode and grades You’ll be assessed automatically once you arrive You will receive all elements of the award you are eligible for Same amount is paid each year of study Award can be taken as cash or partial fee waiver (reducing amount of tuition fee loan needed) 31/12/2018 © The University of Sheffield

Sheffield Bursary Scheme Household income Household income Bursary per year £0 – 25,000 £1,500 £25,001 – 30,000 £1,250 £30,001 – 35,000 £1,000 £35,001 – 42,620 £750 Household income and postcode - £1,000 Students with a household income of £25,000 or less and live in one of the country’s most deprived areas. 31/12/2018 © The University of Sheffield

Sheffield Bursary Scheme Postcode and grades - £500 Students who live in a low participation area in Sheffield and the surrounding region and achieve A,B,B or higher (or equivalent) at A-Level regardless of household income. Carers and care leaver bursary is instead of standard award – not as well as. All care leavers and student carers automatically receive a £4,500 bursary 31/12/2018 © The University of Sheffield

Scholarships Masters Scholars Global Scholars Lloyds Scholars Alumni Scholarships HSBC Scholarship Sports Scholarships Must achieve A*, A, A (or higher) or equivalent Household incomes below £25,000 High achieving students in financial need For care leavers Masters Scholars for students studying courses in Arts and Humanities and Social Sciences. For students who have competed in their sport at national level 31/12/2018 © The University of Sheffield

How much will you get? www.sheffield.ac.uk/funding 31/12/2018 © The University of Sheffield

Budgeting www.shef.ac.uk/moneytools 31/12/2018 © The University of Sheffield

Part time work Invaluable experience and confidence. The Student Jobshop can help you find part time work during term time, vacations and for your a year out on placement. The University is a regular employer of students too. 31/12/2018 © The University of Sheffield

Individual Funding Package Financial Support Fund Tuition Fee Loan Scholarships & Bursaries Living Cost Loan Your Individual Funding Package Family Wages Charities NHS Bursaries 31/12/2018 © The University of Sheffield

2016 Fees and Funding booklet available now….. All of the information in this presentation, plus much more, is available in our Fees and Funding guide. (download from www.sheffield.ac.uk/ssd/finance/resources) 31/12/2018 © The University of Sheffield

Thank you for listening Financial Support Team - 0114 222 1319 - financialhelp@sheffield.ac.uk 31/12/2018 © The University of Sheffield