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Part time Student Finance 2017 entry
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The Cost of Higher Education
FT/PT The Cost of Higher Education There are two main costs associated with studying a Higher Education Course: Tuition fees (FT – min £9,000/max £9,250 PT (min -£4,500/max £4,625) Maintenance costs Full time students can access support for both of these costs For part time students there is a loan available to cover the full cost of the tuition fees 13/01/2019 © The University of Sheffield
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Tuition fee loan Available to all home and EU students
FT/PT Tuition fee loan Available to all home and EU students Can’t already hold a qualification equal to or higher than the one you wish to study for Must be studying at a course intensity of at least 25% The tuition fee loan will cover whatever the tuition fee is for that year (FT, PT, year abroad) 13/01/2019 © The University of Sheffield
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Maintenance loans These are for full time students only
FT Maintenance loans These are for full time students only The amount you receive is dependent on your household income Loans - max £8,200 (2016 entry) 13/01/2019 © The University of Sheffield
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Maintenance loans FT Household income Living at home
Living away from home £25,000 or less £6,904 £8,200 £30,000 £6,322 £7,612 £35,000 £5,740 £7,023 £40,000 £5,158 £6,434 £45,000 £4,576 £5,845 £50,000 £3,994 £5,256 £55,000 £3,412 £4,667 £62,180 £3,039 £3,821 13/01/2019 © The University of Sheffield
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Applying for loans and grants
FT/PT Applying for loans and grants Apply online Feb-March(FT)/summer(PT) 13/01/2019 © The University of Sheffield
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Repaying the loans Repayments start:
FT/PT Repaying the loans Repayments start: - The April after you graduate (FT) OR - The April 4 years after you have started your course (PT) AND - When you are earning over £21,000 Interest is charged Anything unpaid after 30 years is written off Repayments are based on what you earn not what you owe 13/01/2019 © The University of Sheffield
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FT/PT Repaying the loans You pay back 9% of anything over £21,000 that you earn Therefore if you earn £22,000; you repay 9% of £1,000 - £90 per year or £7.50 per month 13/01/2019 © The University of Sheffield
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Sheffield Bursary Scheme
FT Sheffield Bursary Scheme Household income Household income Bursary per year £0 – 25,000 £1,500 £25,001 – 30,000 £1,000 £30,001 – 40,000 £500 13/01/2019 © The University of Sheffield
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Sheffield Bursary Scheme
FT Sheffield Bursary Scheme Students with a household income below £25,000 who live in one of the country’s most deprived areas get an extra £500 Students who live in a low participation area in Sheffield and the surrounding region and achieve A,B,B or higher at A-Level regardless of household income get an extra £500 Students can get either of these awards but not both 13/01/2019 © The University of Sheffield
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Sheffield Bursary Scheme
FT DLL Sheffield Bursary Scheme Student on full time, foundation programme with DLL with a household income of less than £25,000 will receive the maximum bursary (£2,000) regardless of postcode and grades 13/01/2019 © The University of Sheffield
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Sheffield Bursary Scheme
PT Sheffield Bursary Scheme DLL Part-time students Household income Bursary per year £0 – 25,000 £2,000 £25,001 – 30,000 £500 £30,001 – 40,000 £250 13/01/2019 © The University of Sheffield
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Enhanced bursaries Available to care leavers, student carers & students estranged from their families. FT = £4,500 DLL PT = £2,250 13/01/2019 © The University of Sheffield
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How much will students get?
FT How much will students get? Student funding calculator 13/01/2019 © The University of Sheffield
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Benefits – full time students
FT Benefits – full time students Most full time students can not claim benefits Students with dependant children can apply for a Childcare Grant and may also be eligible for a Parent’s Learning Allowance from Student Finance Students with children or a disability may be able to claim some benefits 13/01/2019 © The University of Sheffield
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Benefits – part time students
PT Benefits – part time students As a part time student you can usually still claim benefits which depend on your household income (means-tested benefits). Your fee loan will not be treated as income when assessing any means-tested benefit 13/01/2019 © The University of Sheffield
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Further support Student advice centre
/ Financial support team / 13/01/2019 © The University of Sheffield
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