1. STUDENT FINANCE £ ? Tour Higher Education WELCOME
DEPARTMENT FOR BUSINESS. INNOVATION AND SKILLS TO TALK ABOUT STUDENT FINANCE IN ENGLAND
KEY CHANGE IN THIS SUMMERS BUDGET – MAINTAINANCE LOANS REPLACE GRANTS
I HAVE HAND OUTS- 1) KEY FACTS AND FIGURES 2) PART TIME
QUESTIONS AT THE END
BEFORE I GET STARTED EXPLAINING THE STUDENT FINANCE PACKAGE, ABOUT ME….. **CLICK**
£ ?

2. Alex
Jarvis
MY NAME IS ALEX.
I GREW UP IN RAMSGATE, KENT
**CLICK**

3. FACTS MY STORY WHAT NEXT THE
I WILL TELL YOU ABOUT MY UNIVERSITY EXPERIENCE
NOONES STORY IS THE SAME
(TAILOR IT TO THE AUDIENCE)
**CLICK**

4. STORY MY Dane Court Grammar Royal Holloway Geography BA Hons
I HAD SUPPORT FROM MY FAMILY-ENCOURAGEMENT
FIRST PERSON FROM FAMILY TO GO TO A UNIVERSITY (NOT A COLLEGE)
OPEN DAYS
I DECIDED TO STUDY MY FAVOURITE SUBJECT AFTER HOURS OF RESEARCHING ONLINE, BUT PLANS CHANGED
DANE COURT - ROYAL HOLLOWAY (CAMPUS UNI), CHANGE TO GEOGRAPHY
DEFERRED & GAP YEAR
**CLICK**
Geography
BA Hons

5. Alex
MY UNI
I believe that attending university was one of the most important decisions which I made and one which developed my character, independence and decision making skills.
Education, whether it is formal or informal, I believe is crucial for self development and making us well-rounded people. I have helped students in the UK, Sweden, Estonia and Ukraine learn about the different options available to them at university and beyond and I am passionate that everybody is empowered to make their own decisions for their future, whatever their background. 
ADVICE? MAKE SURE THAT YOU TAKE A SUBJECT WHICH YOU ARE MOTIVATED BY AND WHICH HAS A PURPOSE TO YOU
LIFE SKILLS
BIG CHANGES
HOUSING – 1ST YEAR DORMS, 2/3RD YEAR HOUSE WITH MATES
SOCIETIES
JOBS
LIFE SKILLS – NETWORKING, RESPONSIBILITY, RESEARCH,
MORE EMPLOYABLE

6. THE FACTS £ Tuition Fee Loan Maintenance Loan £9,000 £6,904 £8,200
2015/16
THE FACTS
Tuition Fee Loan
£9,000
Full Time Students
Maintenance
Loan
£6,904
Live with parents
£8,200
Live away (outside London)
£10,702
Live away (in London)
£9,391
Overseas part of course
£6,750
Part Time Students
MONEY IS A HUGE CONSIDERATION AND IT’S IMPORTANT TO UNDERSTAND THE COSTS INVOLVED
ITS ULTIMATELY AN INVESTMENT WHICH SHOULD BE DECIDED BY YOU
SHOULDN’T BE SEEN AS A BARRIER
THERE ARE DIFFERENT PACKAGES AVAILABLE TO SUPPORT YOU
TUITION FEE LOAN
COVERS COST OF COURSE FEES
MOST IMPORTANT INFO TO REMEMBER >>IF ELIGIBLE, YOU WONT HAVE TO PAY UPFRONT FOR COURSE FEES
HOW MUCH DOES IT COST?
FULL TIME – UPTO £9000 P/YEAR **CLICK**
PART TIME – UPTO £6750 P/YEAR **CLICK**
NOT ALL COURSES COST THAT MUCH, SO DO YOUR RESEARCH
RANGE OF STUDY OPTIONS INCLUDING HIGHER EDUCATION AT COLLEGES AND DISTANCE LEARNING
SMALLER NUMBER OF PRIVATE UNIS – LIST ON THE INTERNET
(FULL TIME> £6000 P/A)
(PART TIME > £4500 P/A)
^^MIGHT NOT COVER YOUR COST FEES – DO YOUR HOMEWORK!
HOW DOES IT WORK??
1)ONCE YOU’VE DECIDED YOU WANT TO STUDY A HIGHER EDUCATION COURSE, APPLY FOR TUITION FEE LOAN
>>MAKE APP THROUGH STUDENT FINANCE ENGLAND
>>MONEY PAID DIRECTLY TO UNI (EASIER FOR YOU)
2)NOTHING TO STOP YOU PAYING FEES UPFRONT, SHOULD YOU WISH
3) THE REPAYMENT SYSTEM DESIGNED TO BE FAIR
REPAYMENTS BASED ON WHAT YOU EARN AFTER UNI
IF YOU DON’T GO ONTO EARN A HIGHER SALARY, YOU MAY NOT HAVE TO PAY OFF THE LOAN IN FULL
MAINTENANCE LOAN **CLICK**
RENT, BOOKS, FOOD AND SOCIALISING ARE A BIG PART OF UNI LIFE > THE MAINTENANCE LOAN IS FOR THIS
MOST FULL TIME STUDENTS CAN GET THIS FROM THE GOVERNMENT
PAID IN 3 INSTALLMENTS – ONE AT THE START OF EVERY TERM
M.L. ARE NOT AVAILABLE TO THOSE WHO STUDY PART TIME (CAN EARN)
HOW MUCH YOU CAN BORROW DEPENDS ON YOUR CIRCUMSTANCES – INC. HOUSEHOLD INCOME & WHERE YOU LIVE AND STUDY
*PREVIOUSLY STUDENTS FROM LOWER INCOME FAMILIES WERE ELIGIBLE FOR MEANS TESTED GRANTS
NOW THESE REPLACED BY ADDITIONAL MAINTANENCE LOANS
=MORE MONEY.
SO FOR STUDENTS WHO WANT TO STUDY FROM SEP 2016
**CLICK**
>£6904 – LIVING AT HOME **CLICK**
>£8200 – LIVING AWAY + OUTSIDE LONDON **CLICK**
>£ LIVING AWAY FROM HOME + INSIDE LONDON **CLICK**
MAX FOR STUDENTS LIVING OVERSEAS AS PART OF THE COURSE FEES £9391 **CLICK** **CLICK**
NOW, LOANS MIGHT NOT BE THE ONLY SOURCE OF MONEY AVAILABLE, BUT FIRST LET ME TELL YOU ABOUT REPAYMENT **CLICK**

7. From April after study – interest will vary depending on salary
MORE FACTS
Repayment
Interest Rates
£21,000
Inflation +3%
(Retail Prices Index)
whilst studying 9%
REPAYMENT
SYSTEM IS DESIGNED TO BE SIMPLE AND MANAGEABLE
BOTH TUITION FEE LOAN + MAINTENANCE LOAN ARE COMBINED
ONLY PAY BACK >£ **CLICK**
MONTHLY REPAYMENT BASED ON HOW MUCH YOU ARE EARNING, NOT HOW MUCH YOU HAVE BORROWED
ONLY PAY AFTER £21000 P/A
**CLICK**
9% ON ANYTHING ABOVE £21000
EG.. IF SALARY IS £25000 **CLICK** , YOU PAY 9% OF £4000 **CLICK**
THAT WORKS OUT AT UNDER £7 A WEEK OR **CLICK** £30 A MONTH (MOBILE PHONE CONTRACT)
THIS IS NOT TO MINIMISE THE BURDEN OF PAYING BACK, BUT TO UNDERSTAND THAT ITS MANAGEABLE
IF SALARY <£21,000, REPAYMENTS STOP
INC. CAREER BREAKS
IF NOT PAID OFF AFTER 30 YEARS, ITS CANCELLED, PROVIDING YOU HAVENT DEFAULTED ON THE PAYMENTS
OR IF YOU WANT TO PAY OFF QUICKLY, YOU CAN
FOR THOSE WHO DECIDE THEIR COURSE ISNT FOR THEM AND END COURSE EARLY, ONLY REPAYMENTS ON WHAT THEY’VE BORROWED NEED TO BE MADE
A FEW COMMON THINGS RE: REPAYMENTS MOVE
IF ABROAD OR LOOSE CONTACT WITH THE STUDENT LOANS COMPANY, YOU STILL HAVE TO PAY
ITS YOU’RE RESPONSIBILITY TO MAKE ARRANGEMENTS TO CONTINUE PAYMENTS OR COULD FACE PENALTY FINE
STUDENT LOAN IS SOLE REPONSIBILIT OF STUDENT – CAN’T BE PASSED ONTO PARENTS OR ANYONE ELSE
STUDENT LOAN IS SOLE RESPONSIBILITY OF STUDENTS – CAN’T BE PASSED ONTO PARENTS OR ANYONE ELSE
STUDENT LOAN DATA NOT SHARED WITH CREDIT REF. AGENCIES & WONT AFFECT MORTGAGE APPLICATIONS OR OTHER LOANS. THE AMOUNT LOANED DEPENDS ON THE LENDER & WILL DEPEND ON NET INCOME.
IN SEP/OCT AFTER YOU’VE FINISHED COURSE, WILL RECEIVE A LETTER FROM STUDENT FINANCE ENGLAND DETAILING LOAN BALANCE. THIS WILL INC. INTEREST
INTEREST RATES **CLICK**
I WILL KEEP THIS AS SIMPLE AS POSSIBLE
YOU HAVE TO PAY INTEREST ON THE MONEY YOU BORROW
INTEREST WILL BE RATE OF INFLATION (RPI) + 3%
THIS IS WHILST YOU ARE STUDYING AND UP UNTIL THE APRIL AFTER YOU HAVE LEFT
FROM THE APRIL AFTER YOU HAVE LEFT YOUR COURSE, THE RATE OF INTEREST WILL VARY ACCORDING TO THE AMOUNT YOU EARN **CLICK**
MAIN POINT ABOUT REPAYMENTS
THEY WILL RISE + FALL WITH WHAT YOU EARN – YOU SHOULD FIND THEY WILL ALWAYS BE MANAGEABLE.
EXAMPLE
£25,000
9% of £4,000
= £30 Per Month
From April after study – interest will vary depending on salary

8. MORE FACTS OTHER SUPPORT DEPENDANTS GRANT DSA BURSARIES SCHOLARSHIPS
BURSARIES, SCHOLARSHIPS AND OTHER SUPPORT **CLICK**
THERE IS OTHER FINANCIAL SUPPORT AVAILABLE FROM THE GOVERNMENT AND/OR THE UNIVERSITY OR COLLEGE A)
EG. IF YOU HAVE A DISABILITY, YOU MAY BE ENTITLED TO DISABLED STUDENTS ALLOWANCE **CLICK**
IF HAVE A CHILD OR ADULT WHO IS FINANCIALLY DEPENDANT ON YOU > DEPENDANTS GRANT **CLICK** B)
MOST UNIS OFFER OWN BURSARIES AND SCHOLARSHIPS **CLICK** **CLICK**
-YOU MAY QUALIFY IF YOU MEET THE CRITERIA
E.G. LOW OR MIDDLE INCOME HOUSEHOLD
ACHIEVEMENT IN A CERTAIN SUBJECT
THEY CAN BE PAID IN REDUCED FEES, SUBSIDISED ACCOMODATION OR CASH
THEY DON’T HAVE TO BE PAID BACK! DO YOUR RESEARCH!
SOME ARE NOT WIDELY ADVERTISED
TAKE AWAY POINT FOR TODAY – TO LOOK AT ALL THE FUNDING OPTIONS OUT THERE. THERE MAY BE MORE THAN YOU THINK
**CLICK**
BURSARIES
SCHOLARSHIPS

9. BUDGETING BUDGETING **CLICK**
HOW I MANAGED MY MONEY AT UNIVERSITY? ANY HELP FROM MYSELF?
WHAT I DID WELL – GAP YEAR, PART TIME JOBS, CAREFUL SHOPPING
WHAT I COULD HAVE DONE BETTER
LOOKING FOR SCHOLARSHIPS IN ADVANCE
SPENDING SO MUCH ON SOCIALISING
TAKING GREATER ADVANTAGE OF STUDENT OFFERS
=LEARNING CURVE – BOX TICKED
REASSURANCE
HOPE THEY HAVE BETTER UNDERSTANDING
I HOPE YOU UNDERSTAND THAT H. EDUCATION IS POSSIBLE FOR EVERYONE AND IS AFFORDABLE
DEBT IS A COMMON WORD WHICH WORRIES PEOPLE. BUT TRY TO THINK OF IT AS AN INVESTMENT AND ONE WHICH IS MANAGEABLE
NOT ONE WHICH IF YOU ARE JOBLESS YOU HAVE TO PAY
**CLICK**

10. ? 0300 100 0607 www.slc.co.uk University websites
FURTHER INFO
DO YOUR RESEARCH!
EVERY COURSE + INSTITUTION IS DIFFERENT – QUALITY OF TEACHING AND OPPORTUNITIES
IT’S A BIG LIFE CHANGING DECISION. NOT JUST FOR THE NEXT 3 YEARS
IF YOU WANT MORE INFO
GOV UK WEBSITE SHOULD BE YOUR FIRST PORT OF CALL **CLICK**
IT HAS THE KEY INFO FROM TODAY, INFO ABOUT NHS BURSARIES AND PART TIME STUDY
HAS A CALCULATOR FOR INDICATING HOW MUCH MONEY YOU’RE ELIGIBLE FOR
UNISTATS WEBSITE (UNISTATS.DIRECT.GOV.UK)
FOR COURSES
INFO ON UNI STATS
SATISFACTION
GRADUATE SALARIES
ACCOMODATION COSTS
THE STUDENT ROOM
LOTS OF FINANCIAL INFO AND TIPS
NATIONAL CAREERS SERVICE
ONCE YOU’VE DECIDED
MAKE LOAN APP ASAP AFTER DECIDING TO GO TO UNI OR COLLEGE
STUDENT FINANCE ENGLAND > INFO SETUP A STUDENT FINANCE ACCOUNT SO YOU CAN COMPLETE THE APP FORM
MY ADVICE - APPLY EARLY FOR FINANCE (LOAN) – YOU CAN ALWAYS CANCEL YOUR APP IF YOU DECIDE NOT TO GO
CLOSING
YOUR DECISION
SEEK ADVICE FROM INFORMED PEOPLE AROUND YOU, INCLUDING TEACHERS AND CAREERS SERVICE
VISIT AS MANY UNI OPEN DAYS AS POSSIBLE
GET YOUR APP IN EARLY IF YOU WANT YOUR LOAN TO BE PAID AT THE START OF YOUR COURSE
(REITERATE INVALUABLE EXPERIENCE)
**CLICK**
University websites

11. THANK YOU
THANK
QUESTIONNAIRES!!