1. Tim Dhir Education Liaison Officer
Student Finance
Tim Dhir
Education Liaison Officer

2. Is university worth it?

3. 1. “University isn’t worth the money”
Increased career prospects- especially in London
Increased earning potential
Extra-curricular opportunities
& personal gain

4. 2. “Graduates are either unemployed or in low-skilled jobs”
Much less likely to
be unemployed than
non-graduates
6 months vs. 3.5 years after graduating

5. 3. “There are other, better routes than university”
Apprenticeship?
Employment (with/without training)?

6. Student Finance

7. All figures apply to… Courses starting in September 2017
Full time (and first-time!) undergraduate students
UK national/settled status and resident in England for 3 years prior to start of course

8. 1. Tuition Fees 2. Living Costs
The cost of university
1. Tuition Fees Living Costs

9. 1. Tuition Fees The maximum “cost” per year is £9,250*
Students or parents will not have to pay any tuition fees upfront!
Both full and part-time students can have their fees covered by a tuition fee loan
Students do not see this money!

10. 1. Tuition Fees- NHS Courses
Tuition fees are no longer paid by the NHS for nursing, midwifery and Allied Health Professions
Medicine and Dentistry tuition fees will still be paid from the 5th year of study
Students studying healthcare courses on the same finance system as other students

11. 1. Tuition Fees 2. Living Costs
The cost of university
1. Tuition Fees Living Costs

12. 2. Living Costs
What do students spend their money on?
£7974
PER YEAR*
£735
PER MONTH
£6615
PER YEAR*
2,820 students surveyed nationally
Savethestudent.org National Student Money Survey (2015)
*9 months

13. 2. Living Costs – Maintenance Loan
All full time students can apply for a loan to cover living costs.
Paid at the start of every term direct into student’s bank account.
Part of the loan is means-tested based on household income
Students living away from home and students studying in London receive more.

14. Living Costs – Maintenance Loan
Student is living....
At home:
£7,097
Outside Greater London: £8,430
Away from home:
Inside Greater London:
£11,002

15. Living Costs – Maintenance Loan

16. Tuition Fee Loan
Maintenance
Loan
Student Loan

17. Repayment of Loans Students only start repaying their student loan:
The April after you graduate
When you are earning over £21,000.
Repayments are always dependent on income and are deducted automatically from your pay through the tax system.

18. Repayment of Loans - Examples
Monthly repayments amounts are not affected by the amount borrowed.
Repayment rate is 9% of earnings above £21,000
£21,500: £4.00 per month
£25,000: £30.00 per month
£30,000: £67.50 per month
£40,000: £ per month
Interest rate varies but never more than rate of inflation + 3%

19. Student Finance- Next Steps…
Student Finance England -
Apply by 30th May to guarantee your funding is ready for the start of your course
For specific university bursaries,
apply directly to the respective university
and deadlines will vary.

20. Questions?