Part time Student Finance 2017 entry

The Cost of Higher Education FT/PT The Cost of Higher Education There are two main costs associated with studying a Higher Education Course: Tuition fees (FT – min £9,000/max £9,250 PT (min -£4,500/max £4,625) Maintenance costs Full time students can access support for both of these costs For part time students there is a loan available to cover the full cost of the tuition fees 13/01/2019 © The University of Sheffield

Tuition fee loan Available to all home and EU students FT/PT Tuition fee loan Available to all home and EU students Can’t already hold a qualification equal to or higher than the one you wish to study for Must be studying at a course intensity of at least 25% The tuition fee loan will cover whatever the tuition fee is for that year (FT, PT, year abroad) 13/01/2019 © The University of Sheffield

Maintenance loans These are for full time students only FT Maintenance loans These are for full time students only The amount you receive is dependent on your household income Loans - max £8,200 (2016 entry) 13/01/2019 © The University of Sheffield

Maintenance loans FT Household income Living at home Living away from home £25,000 or less £6,904 £8,200 £30,000 £6,322 £7,612 £35,000 £5,740 £7,023 £40,000 £5,158 £6,434 £45,000 £4,576 £5,845 £50,000 £3,994 £5,256 £55,000 £3,412 £4,667 £62,180 £3,039 £3,821 13/01/2019 © The University of Sheffield

Applying for loans and grants FT/PT Applying for loans and grants Apply online Feb-March(FT)/summer(PT) www.gov.uk/student-finance 13/01/2019 © The University of Sheffield

Repaying the loans Repayments start: FT/PT Repaying the loans Repayments start: - The April after you graduate (FT) OR - The April 4 years after you have started your course (PT) AND - When you are earning over £21,000 Interest is charged Anything unpaid after 30 years is written off Repayments are based on what you earn not what you owe 13/01/2019 © The University of Sheffield

FT/PT Repaying the loans You pay back 9% of anything over £21,000 that you earn Therefore if you earn £22,000; you repay 9% of £1,000 - £90 per year or £7.50 per month 13/01/2019 © The University of Sheffield

Sheffield Bursary Scheme FT Sheffield Bursary Scheme Household income Household income Bursary per year £0 – 25,000 £1,500 £25,001 – 30,000 £1,000 £30,001 – 40,000 £500 13/01/2019 © The University of Sheffield

Sheffield Bursary Scheme FT Sheffield Bursary Scheme Students with a household income below £25,000 who live in one of the country’s most deprived areas get an extra £500 Students who live in a low participation area in Sheffield and the surrounding region and achieve A,B,B or higher at A-Level regardless of household income get an extra £500 Students can get either of these awards but not both 13/01/2019 © The University of Sheffield

Sheffield Bursary Scheme FT DLL Sheffield Bursary Scheme Student on full time, foundation programme with DLL with a household income of less than £25,000 will receive the maximum bursary (£2,000) regardless of postcode and grades 13/01/2019 © The University of Sheffield

Sheffield Bursary Scheme PT Sheffield Bursary Scheme DLL Part-time students Household income Bursary per year £0 – 25,000 £2,000 £25,001 – 30,000 £500 £30,001 – 40,000 £250 13/01/2019 © The University of Sheffield

Enhanced bursaries Available to care leavers, student carers & students estranged from their families. FT = £4,500 DLL PT = £2,250 13/01/2019 © The University of Sheffield

How much will students get? FT How much will students get? Student funding calculator 13/01/2019 © The University of Sheffield

Benefits – full time students FT Benefits – full time students Most full time students can not claim benefits Students with dependant children can apply for a Childcare Grant and may also be eligible for a Parent’s Learning Allowance from Student Finance Students with children or a disability may be able to claim some benefits 13/01/2019 © The University of Sheffield

Benefits – part time students PT Benefits – part time students As a part time student you can usually still claim benefits which depend on your household income (means-tested benefits). Your fee loan will not be treated as income when assessing any means-tested benefit 13/01/2019 © The University of Sheffield

Further support Student advice centre advice@sheffield.ac.uk /0114 222 8660 Financial support team Financialhelp@sheffield.ac.uk /0114 222 1319 13/01/2019 © The University of Sheffield

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