Parents’ Higher Education Evening Sophie Craven Schools and Colleges Liaison Officer

Application process

Use UCAS Track to monitor your offers and interview invitations. After submission… Universities will look at applications and decide whether to make an offer of a place on their course. Use UCAS Track to monitor your offers and interview invitations. Once you have received offers or rejections from all your choices, select your firm and insurance choice. If all your choices are rejected, you can enter UCAS Extra and apply for additional places (1 course at a time).

Understanding your offers Conditional Unconditional You are guaranteed a place on the course if you meet certain criteria, such as the minimum entry grades at A-Level or BTEC, or an additional qualification (e.g. a musical instrument grade). You will receive confirmation of your place on the course on achieving the requirements of the offer, e.g. A-Level results day. You are guaranteed a place on the course based on qualifications and experience you already have. Some universities will offer unconditional places if they have seen you at interview or audition, others will make unconditionals without meeting you – on the condition that you make them your ‘firm’ choice. Ensure you make your decision based on the course and university that is right for you.

UCAS Extra (February – July) You are eligible if: You are not holding any offers. You have already made 5 choices. You have received decisions from all these choices and either had no offers, or declined the offers you have received.

Finance: What support is available? 1 Tuition fee loan 3 Additional support 2 Maintenance loan

Students do not have to pay this up front. Tuition fees Public universities can charge up to £9,250 per year in tuition fees (UOH £9,250/Placement year currently £900) Students do not have to pay this up front. A tuition fee loan is available to cover the fee charged by a university or college.

Tuition fee loans These don’t depend on your household income or circumstances – you’ll get whatever the university charges for tuition fees (up to £9,250). Your tuition fee loan will be paid directly to your university at the start of the academic year. Your tuition fee loan is repayable, but only after you’ve graduated and are earning over £25,000 per year.

Maintenance loans Accommodation Food and drink Transport Entertainment A loan paid directly to the student in 3 instalments across the year, to help with living costs while at university. Accommodation Food and drink Transport Entertainment Bills Mobile phone

Maintenance loans All eligible students can get some support towards living costs and this is paid into your bank account each term. £ The amount of maintenance loan you can get depends on where you live and study, as well as your household income. Maintenance loans have to be paid back but not until you’ve left university and your income is over £25,000 a year.

Maintenance Loans 2020/21 Household Income Home Elsewhere London £25,000 & under £7,529 £8,944 £11,672 £30,000 £6,895 £8,303 £11,020 £35,000 £6,260 £7,661 £10,367 £40,000 £5,626 £7,019 £9,714 £45,000 £4,991 £6,377 £9,062 £50,000 £4,357 £5,735 £8,409 £55,000 £3,722 £5,093 £7,756 £60,000 £3,314 £4,452 £7,103 £65,000 £4,168 £6,451 £70,000 £5,812

Extra support Bursaries Additional financial support from your university, based on your household income and other circumstances. Scholarships University grants based on academic performance. Disability Support Disabled Students Allowance www.gov.uk/disabled-students-allowances-dsas

Additional sources of income Part-time jobs Summer/gap year work Parental support

Degree apprenticeships Job + degree Pros: fees paid, good career prospects Cons: competitive, limited availability Excellent opportunity but not suited to everyone

How do you get it? Apply online at gov.uk/student-finance between February and May – don’t miss the deadline (end of May)! You don’t need a confirmed place at university to apply for student finance – simply state your preferred course choice. You can change this later.

Income each year before tax Monthly repayment (Approx) When and how to repay You’ll repay 9% of your income over £25,000 and if you’re employed deductions will be made from your pay through the HMRC tax system. Income each year before tax % will be deducted from Monthly repayment (Approx) £25,000 £0 £30,000 £5,000 £37.50 £35,000 £10,000 £75 £40,000 £15,000 £112.50 £50,000 £187.50 On 15 August 2017, The Department for Education (DfE) confirmed changes to the interest rates & thresholds of Income Contingent Loans   Pre-2012 (Plan 1) loans – From 1 September 2017 until 31 August 2018, the maximum interest rate set for the existing Income Contingent Repayment Loans will be 3.1%. However, the low interest cap will be triggered, and therefore the rate to be charged from 1 September 2017 will be 1.25%. Please monitor this website regularly as the rates may change during the academic year. The repayment threshold for pre-2012 (plan 1) loans will rise to £18,330. Post-2012 (Plan 2) loans – From 1 September 2017 until 31 August 2018, one or more interest rates may apply. The RPI figure has been confirmed at 3.1%, meaning interest charges between 3.1% minimum and 6.1% maximum dependent on student circumstances. More information can be found at www.studentloanrepayment.co.uk The repayment threshold for post-2012 (plan 2) loans continues to be £21,000. Interest is applied to your loan and is linked to inflation. More info can be found at www.studentloanrepayment.co.uk i

When and how to repay +£25k Monthly repayments begin the April after graduation but will not start until your income exceeds £25,000. +£25k Your monthly repayments will be based on your earnings, not on your loan amount. If your income falls to £25,000 or below your repayments will stop. Any outstanding loan balance will be written off 30 years after entering repayment.

Food, drink and essentials Text books and course materials Typical student expenditure Accommodation Food, drink and essentials Entertainment Text books and course materials Expect to pay £80-£120 per week for student accommodation (inc. bills). Expect to pay £25-£50 a week on your shopping. Travel Discounts are available on bus and rail travel. Buy an NUS Extra card (£12 per year) for savings on shopping, restaurants, cinema etc. Text books can be expensive (e.g. £30 each), but you can borrow books from the library or pick up discounted and second-hand books on campus.

Tips for parents Talk to your son/daughter about budgeting/prioritising Teach them to cook/buy them a basic cook book & provide kitchen essentials Make sure they are insured (check home insurance) Help financially with books, food shopping, field trips, rail card, NUS Extra Card (TOTUM), loyalty points Help them find a suitable student bank account Encourage/help them to find part time work Don’t bail them out at the first sign of trouble Travel

Starting university Kitchen equipment Bedroom furnishings Cards: NUS, Bank, Rail Food/toiletries Study equipment Key documents Fresher's week Enrollment Keeping in touch

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