1. Funding your studies 2019

2. A quick disclaimer…..
The information and figures from Student Finance are based on what we know at the moment.
Some arrangements have been confirmed for this year only.
Fee support for EU students will continue for 2019 entry

3. How much does it cost? Tuition fees Maintenance costs
Up to £9,250 per year
Expected to be confirmed shortly
Covers all essential course costs
Maintenance costs
- All other costs
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4. Support from the government
This support will be the same whichever university a student attends
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5. Eligibility
Things that may affect eligibility for funding from the government:
If you’ve studied for a higher education qualification before
Your nationality or residency status
How long you have lived in the UK for
If you have concerns about any of the above you should contact your funding body.

6. Tuition fee loans
Students receive a loan to pay their tuition fees every year of their course
Don’t pay anything upfront
Award is not linked to household income
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7. Maintenance loans (2018 entry) Household income Living at home
Living away from home
£25,000 or less
£7,324
£8,700
£30,000
£6,707
£8,076
£35,000
£6,090
£7,452
£40,000
£5,473
£6,828
£45,000
£4,855
£6,204
£50,000
£4,238
£5,579
£55,000
£3,621
£4,955
£62,215 or above
£3,224
£4,054
*Students aged 60 or over on the first day of their course receive a reduced maintenance loan.
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8. Applying for support from Student Finance
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9. Student loans Repayments start:
Tuition fee loan
Maintenance loan
Student loan
Repayments start:
- The April after students leave university
and
- when they are earning over £25,000
Anything unpaid after 30 years is written off

10. Student loans Interest Studying
Left university and earning less than £25,000
Left university and earning £25,000-£45,000
Left university and earning £45,000+
Inflation + 3%
Inflation
Inflation %–3%

11. Student loans – an example
Repayments are calculated as 9% of anything earned above £25,000.
For example a salary of £26,000; graduates repay 9% of £1,000 - £90 per year or £7.50 per month.
Repayments are based on what students earn – not what they owe
Your salary
You pay back 9% of
Monthly Pay (Net.)
Monthly repayments
£30,000
£5,000
£1,973
£37.50
£40,000
£15,000
£2,540
£112.50
£50,000
£25,000
£3,065
£187.50

12. Support from the University
This support is specific to the University of Sheffield for 2019 entry.
None of the awards have to be repaid.
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13. Sheffield Bursary Scheme
Household income
Household income
Bursary per year
£0 – 25,000
£1,000
£25,001 – 30,000
£500
£30,001 – 40,000
£250
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14. Sheffield Bursary Scheme
If your household income is below £25,000 per year and you live in one of the country’s most deprived areas you’ll receive an extra £250
If you live in a low participation area in Sheffield or the surrounding region and achieve A,B,B or higher at A-Level (or equivalent) regardless of household income you will receive an extra £250
You can get either of these awards but not both
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15. Enhanced bursaries
Care leavers*, student carers & students estranged from their families* can apply for an enhanced bursary of £4,500 per year.
(This is instead of the bursary described on the previous slides)
*Care leavers and estranged students must be under 25 on the first day of their course.
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16. Scholarships Experience Sheffield Scholarships Global Scholars
Lloyds Scholars
Sports Scholarships
Departmental awards
Household income £50,000 or less (£1,200 per year for 1st 3 years).
Must achieve A*,A,A (or equivalent) or income be £40,000 or less.
Household incomes below £25,000.
For students who have competed in their sport at an elite level.
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17. How much will you get? www.sheffield.ac.uk/funding 16/02/2019
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18. Budgeting www.shef.ac.uk/moneytools 16/02/2019
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19. Part time work Invaluable experience and confidence.
The Student Jobshop can help students find part-time work during term time, vacations and for placement years.
The University is a regular employer of students too.
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20. Thank you for listening financialhelp@sheffield.ac.uk / 0114 222 1319
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