2. Student Funding 2017 & Beyond
Sarah McLeod
Student Services

3. Agenda Tuition fees Money for living costs
Loans, bursaries, fee waivers etc
Student loan repayments
How this works
How much you could be expected to pay

4. University Tuition Fees
Universities can charge up to £9,250 each year for their full time undergraduate degree courses
Fees may rise with inflation (RPI) from 2017 onwards
Increase would be linked to quality of student satisfaction, retention and graduate employment
Tuition fee rates are available on university websites
Eligible students can take a tuition fee loan each year
so everyone can afford to study

5. Money for living costs Maintenance loan Partially means tested
Living away from parental home rate
- Maximum £8,430
- Minimum £3,928+
Living in parental home rate
- Maximum £7,097
- Minimum £3,124+

6. All students should have access to around £6,266
Student Funding 2017
Living away from home outside London
£1,000
£2,000
£3,000
£4,000
£5,000
£6,000
£8,000
£7,000
All students should have access to around £6,266
Household Income
£25K or less
£42,815
£55k
£65k +

7. Living away from home outside London
£1,000
£2,000
£3,000
£4,000
£5,000
£6,000
£8,000
£7,000
£25K or less
£42,815
£55k
£65k +
Maintenance loan
£8,430
Parental Contribution
Maintenance loan
£6,266
£1,467
£2,338
Maintenance loan
£4,799
Maintenance loan
£3,928

8. Additional Government Funding
Disabled Students’ Allowance (DSA’s) can help with the cost of:
Non-medical help
Specialist equipment and software
Travel and other course related costs
Non- repayable
Support based on individual needs not income
Contact Disability Services or

9. Money for living costs Scholarship Schemes
Every university has a different scheme and details are available on university websites. Each university has their own eligibility criteria:
Who qualifies – grades, household income etc
What you can get – bursary, fee waiver etc
How to apply

10. How to apply Apply to Student Finance England: www. gov
How to apply Apply to Student Finance England:

11. Loan repayments Student loans are very different to commercial credit;
- How much you pay depends on your income
- Nothing to pay until you have left education and have an income above £21,000 per year
- Affordable monthly repayments
- Bigger borrowing doesn't increase repayments
- Any outstanding debt is written off after 30 years
- It does not go on credit files
- It shouldn’t affect a graduates ability to secure a mortgage
- Debt collectors will not chase for it
- It's repaid through the income tax system
Interest rate linked to inflation (RPI) plus up to 3%

12. Student loan repayments
9% of £7,000
10k
15k
18k
20k
30k
Percentage of income
£630 (2.2%)
Monthly repayments
£52.50
Weekly repayments
£12.11

13. Loan repayment example
Graduate earning £30,000pa gross
Monthly gross income £2,500
Pension (6%) £150
Tax £293
National insurance £191
Net income £1,866
Student loan repayment £67.50
INCOME £1,798.50

14. Summary
You don’t have to pay anything until after you have left education – everyone can afford to study
All full-time eligible students can apply for a maintenance loan to help with living costs
Most students will receive more help with their living costs than current students
Repayments are based on what you earn, not on what you owe

15. Useful websites Government services website www.gov.uk/student-finance
More information about funding
University websites
Information about courses, bursaries, fee waivers etc.
Money Saving Expert

16. ANY QUESTIONS?