1. Student finance Or How To Enjoy Beans Stephanie copsey
Higher Education Adviser

2. BUT FIRST…
Q. How much does this textbook cost?
A. £34.99

3. BUT FIRST…
Q. How much do these noodles cost?
A. 20p

4. BUT FIRST…
Q. How much is a pint of milk?
A. 45p

5. Don’t confuse cost with the price tag
£9250
Don’t confuse cost with the price tag

6. REPAYABLE LOANS Tuition fee loans Maintenance loans
Money paid directly to the university to cover the cost of your course.
Maintenance loans
Money provided by the government to help with living costs whilst at university.

7. HOW MUCH? LIVING COST LOAN HOME ELSEWHERE LONDON £6,904 £8,200 £10,702
Variable according to students location – where they live and where they study.
KEY MESSAGE!! Loan amounts are for 2016 entry. These are the maximum amounts available.
HOME
ELSEWHERE
LONDON
£6,904
£8,200
£10,702

8. MINIMUM AMOUNTS LIVING COST LOAN HOME ELSEWHERE LONDON £3,821 £3,039
Variable according to students location – where they live and where they study.
KEY MESSAGE!! Loan amounts are for 2016 entry. These are the maximum amounts available.
HOME
ELSEWHERE
LONDON
£3,821
£3,039
£5,330

9. Sliding scale
HOUSEHOLD INCOME
LOAN AMOUNT (PER YEAR)
£20,000
£8,200
£25,000
£30,000
£7,611
£35,000
£7,022
£40,000
£6,433
£45,000
£5,844
£50,000
£5,255
£55,000
£4,644
£60,000
£4,077
£62,177+
£3,821

10. INTEREST RATES
While you are studying a flexible interest rate will be applied to your loan based upon the retail prices index (RPI) + 3%
SALARY
INTEREST APPLIED TO YOUR OWN
<£21,000
RPI
£21,000 - £41,000
Variable between RPI & up to RPI + 3%
£41,000
RPI + 3%

11. FREE MONEY

12. BURSARIES CRITERIA AMOUNT PER YEAR (FOR UP TO 4 YEARS)
Household income less than £16,000
£1,800
Household income between £16,001 and £20,000
£1,000
Care leaver
£3,000

13. SCHOLARSHIPS SCHOLARSHIP CRITERIA AWARD Bright Spark Scholarship
AAB at A Level plus A in EPQ (or equivalents)
£1,000 payment in year 1, 2 and 3 of your studies
Music Scholarship
Grade 8 and above is a benchmark. Neither Grade 8 nor any other exam need either have been taken or passed.
Sports Scholarship
To qualify you must be currently ranked in the top 10 in your sport nationally or be part of your national squad within your chosen sport (UK home nations or EU countries).

14. applying

15. APPLY ONLINE Apply in the spring you go to university, before 31 May
You’ll need:
- course information
- bank details
- household income
- national insurance number

16. FAQS How many years can I be funded for?
You are funded for the length of your initial degree, plus one year. As an example, if you choose to do a 3-year course, but then change to a four-year course, that is fine as you use the extra year.
What are the fees for a year abroad or a year in industry?
Home/EU students spending the year abroad or a year in industry on the £9250 fee rate will be charged tuition fees at approximately 15% of the full-time rate: £1385.
Are there any allowances if you have two children going to HE or currently in HE?
Yes. In simple terms, children from the same household at uni concurrently get slightly more living cost support.

17. REPAYING LOANS

18. Stop earning? Stop repaying. Written off after 30 years.
£21,000
Stop earning? Stop repaying. Written off after 30 years.

19. HOW IT WORKS One repayment for both loans
Repayments start in April after you graduate
Repayments linked to what you earn rather than what you owe
Does not affect credit card applications
INCOME EACH YEAR BEFORE TAX
APPROXIMATE MONTHLY REPAYMENT
£16,000 £0
£18,000
£21,000
£24,000
£23
£27,000
£45
£30,000
£68
£33,000
£90

20. UNI COSTS

21. ACCOMMODATION £131.88 £114.94 £102.83 £70.70 The essentials:
EN-SUITE CAMPUS PER WEEK
£131.88
EN-SUITE VILLAGE PER WEEK
£114.94
The essentials:
Safe, friendly, comfortable and fun places to live
Fully furnished
All bills are included
Free internet
38 week license adjusted to course length
STANDARD SINGLE ZIGGURAT PER WEEK
£102.83
STANDARD TWIN ZIGGURAT PER WEEK
£70.70

22. SUPPORT

23. HUGE SUPPORT NETWORK Dean of Students Counselling Academic advisers
Nightline
Multifaith centre
Senior residents
Students Union

24. #Askuea

25. UEA.AC.UK
7 JULY
8 JULY
9 SEPTEMBER
21 OCTOBER
@HEYUEA
#HelloUni