slide 1 Student Finance and Budgeting
slide 2 Student Finance - Overview Student Finance Tuition Tuition Fee Loan Maintenance Maintenance Loan Maintenance Grants Bursaries
slide 3 Useful websites For extensive information about fees, loans and government grants, including an eligibility calculator For information about repaying student and tuition fee loans Parents’ guide to student finance at university Information about fees and bursaries at the University of Essex
slide 4 Tuition fee loans Students have a choice: to pay the fee themselves or to use a fee loan through Student Finance England The loan is paid directly to the university Fee loans don’t have to be repaid until the student is earning more than £21,000 gross per annum All full-time undergraduate students are eligible for the fee loan
slide 5 Student bank accounts Banks love students Incentives for students to join But don’t rely on the overdraft facility! Take advantage of the offers and freebies …except credit cards!
slide 6 Part-time jobs Most universities will have a ‘job shop’ on campus to help students find work. Holiday work: current part-time jobs may be useful in vacation time! Casual/odd jobs are good if you can’t fit work around your studies 80% of students work in term time and/or holidays
slide 7 Money saving tips Try to start saving now! Don’t buy everything before you go Consider buying things second hand Do you really need an en-suite bathroom? Take some extra cash for the first few weeks Don’t take a car or a credit card Use student discount cards and railcards Make friends with people who can cook! Don’t view overdraft facilities as free money Employers look favourably on students who had part-time jobs…