1. Student Financial Support for 2009 Higher Education entrants

2. There are proposed changes to the finance package for students starting a full-time higher education course in 2009/2010. These include changing the previously intended 2009/10 package of support including eligibility for the levels of grants and loans. All the proposed changes are subject to consideration by Parliament. You'll be able to get more information through the website: www.direct.gov.uk/studentfinance in due course.

3. Overview Tuition Fee Loan Maintenance Loan Loan Repayment Maintenance Grant Additional Support, NHS, Social Work & Teaching

4. Tuition Fee Loan Not means-tested Available to all eligible students Maximum £3,225 [2009/2010 rate] Not compulsory: students can also — Pay full Fees themselves; or — Pay part of the Fees and take out a Tuition Fee Loan for the rest Paid by Student Loans Company direct to University or College There are proposed changes to the finance package for students starting a full-time higher education course in 2009/2010. These include changing the previously intended 2009/10 package of support including eligibility for the levels of grants and loans. All the proposed changes are subject to consideration by Parliament. You'll be able to get more information through the website: www.direct.gov.uk/studentfinance in due course.

5. Maintenance Loan To help with student living costs Entitlement depends on: — household income — where you live when you are studying — year of course

6. Maintenance Loan 28% 72%

7. Maintenance Loan: Non Means-Tested Element Not dependent on income 72% of maximum loan available Dependent on: — where student lives when they are studying — year of course Simple application process Reduced in final year

8. Maintenance Loan: Non-Means Tested Element [2009/2010 rates] Full-Year StudentNon Means-Tested Loan Available Parental Home£2,763 Elsewhere£3,564 London£4,988 Overseas£4,244 There are proposed changes to the finance package for students starting a full-time higher education course in 2009/2010. These include changing the previously intended 2009/10 package of support including eligibility for the levels of grants and loans. All the proposed changes are subject to consideration by Parliament. You'll be able to get more information through the website: www.direct.gov.uk/studentfinance in due course.

9. 28% of maximum loan available Based on Household Income Entitlement also depends on where students live while they are studying and year of study Maintenance Loan: Means-Tested Element

10. Full-Year Student Non Means- Tested Loan Means- Tested Loan Total Loan Parental Home£2,763£1,075£3,838 Elsewhere£3,564£1,386£4,950 London£4,988£1,940£6,928 Overseas£4,244£1,651£5,895 Maintenance Loan [2009/2010 rates] There are proposed changes to the finance package for students starting a full-time higher education course in 2009/2010. These include changing the previously intended 2009/10 package of support including eligibility for the levels of grants and loans. All the proposed changes are subject to consideration by Parliament. You'll be able to get more information through the website: www.direct.gov.uk/studentfinance in due course.

11. Student Loan Facts Interest charged from when loans are taken out until they are repaid in full Charged from point of borrowing Liability to repay student loans begins April after graduation Any outstanding balance written off by government 25 years after this date

12. Loan Repayment April after graduation Earnings above £1,250 before tax per month (equivalent to £15,000 gross per year) Repaid through tax system Can make lump-sum repayments (to redeem early; no penalties for doing this)

13. Loan Repayment 9%

14. Maintenance Grant To assist students from lower & middle income backgrounds Non-repayable Means-tested Reduced Maintenance Loan entitlement Maximum £2,906 [2009/2010 rate]

15. Maintenance Grant & Loan [2009/2010 rates] IncomeMaintenance Grant Maintenance Loan Total Support £25,000£2,906£3,497£6,403 £30,000£1,906£3,997£5,903 £34,000£1,106£4,397£5,503 £40,000£711£4,595£5,306 £50,020£50£4,925£4,975 £55,000£0£4,106 £60,000£0£3,564 Amounts available to students living away from parental home, outside London There are proposed changes to the finance package for students starting a full-time higher education course in 2009/2010. These include changing the previously intended 2009/10 package of support including eligibility for the levels of grants and loans. All the proposed changes are subject to consideration by Parliament. You'll be able to get more information through the website: www.direct.gov.uk/studentfinance in due course.

16. Special Support Grant Paid instead of Maintenance Grant for some students Non-repayable Means-tested Does not reduce amount of Maintenance Loan

17. Any student who is any of the following — A lone parent — Aged over 60 — With a spouse or partner who is also a student, and they have children — Receiving incapacity benefit or non means-tested disability allowance — Registered blind or deaf — A refugee — With an underlying entitlement to certain means-tested benefits such as income support during term time Special Support Grant: who qualifies?

18. Special Support Grant & Maintenance Loan [2009/2010 rates] IncomeSpecial Support Grant Maintenance Loan Total Support £25,000£2,906£4,950£7,856 £30,000£1,906£4,950£6,856 £34,000£1,106£4,950£6,056 £40,000£711£4,950£5,661 £50,020£50£4,950£5,000 £55,000£0£4,106 £60,000£0£3,564 Amounts available to students living away from parental home, outside London There are proposed changes to the finance package for students starting a full-time higher education course in 2009/2010. These include changing the previously intended 2009/10 package of support including eligibility for the levels of grants and loans. All the proposed changes are subject to consideration by Parliament. You'll be able to get more information through the website: www.direct.gov.uk/studentfinance in due course.

19. University and college bursaries Extra help for students with — a disability, mental health condition or specific learning difficulty — one or more dependent children — a financially dependent adult family member Certain courses attract different funding, for example — NHS and Social Work courses — Postgraduate courses of Initial Teacher Training Please view the appropriate presentation module for further details Other Support

20. For further details about any aspect of Student Finance please go to www.direct.gov.uk/studentfinance Customer helpline: 0845 300 5090

21. Any Questions?