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Funding your part-time studies 2019
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A quick disclaimer… The information and figures from Student Finance are based on what we know at the moment. The current system has only been confirmed for 2019 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 in Higher Education: Tuition Fees Maintenance Costs
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Student Finance England
(support from the government)
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Eligibility Things that may effect your eligibility:
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 Student Finance England
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FT/PT Tuition fee loan - The tuition fee loan will cover however much the tuition fee is for that year - F/T – £9,250 - P/T – £4,625 - Available to all eligible home and EU students - Must be studying at a course intensity of at least 25%
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Maintenance loans - These are for full-time students only (2018 entry)
FT Maintenance loans - These are for full-time students only (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 £60,000 £3,224 £4,331 £65,000 £4,054
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Maintenance loans (over 60)
FT Maintenance loans (over 60) - These are for full-time students only (2018 entry) Household income Maintenance loan £25,000 or less £3,680 £30,000 £2,710 £35,000 £1,739 £40,000 £768 £43,695 £50 £45,000 £0
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Living at home, 50% intensity
PT Maintenance loans for part-time students 2018 (at least 25% intensity, living at home) Household income Living at home, 50% intensity £25,000 or less £3,662 £35,000 £3,045 £45,000 £2,428 £55,000 £1,811 £65,000 £1,612 Must be aged under 60 on first day of course.
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Applying for loans and grants
FT/PT Applying for loans and grants Apply online Feb/March for full-time courses and in May for part-time.
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FT/PT Repaying the loans - Repayments start: - The April after you leave university (FT) OR - The April 4 years after you have started your course (PT) AND - When you are earning over £25,000 - Interest is charged - Anything unpaid after 30 years is written off - Repayments are based on what you earn not what you owe
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Repaying the loans - You pay back 9% of anything you earn over £25,000
FT/PT Repaying the loans - You pay back 9% of anything you earn over £25,000 - Therefore, if you earn £26,000; you repay 9% of £1,000 = £90 per year or £7.50 per month 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
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Support from the University
- This support is specific to the University of Sheffield for 2019 entry. - None of these awards have to be repaid. - Awards will vary depending on your course.
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Sheffield Bursary Scheme Full-time courses, outside of DLL
FT Sheffield Bursary Scheme Full-time courses, outside of DLL 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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Sheffield Bursary Scheme Full-time courses, outside of DLL
FT Sheffield Bursary Scheme Full-time courses, outside of DLL - Students with a household income below £25,000 who live in one of the country’s most deprived areas get an extra £250 - 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 £250 Students can get either of these awards but not both
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Sheffield Bursary Scheme
FT within DLL Sheffield Bursary Scheme Full-time Foundation Programme - Students on full-time, foundation programmes with DLL with a household income of less than £25,000 will receive the maximum bursary (£1,250) regardless of postcode and grades Household income Bursary per year £0 – 25,000 £1,250 £25,001 – 30,000 £500 £30,001 – 40,000 £250
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Sheffield Part-Time Bursary Scheme
PT Sheffield Part-Time Bursary Scheme University Bursary on a pro rata basis – you must be studying a FTE of at least 50% within DLL Household income Bursary per year £0 – 25,000 £625 £25,001 – 30,000 £250 £30,001 – 40,000 £125
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FT/PT Enhanced Bursaries All care leavers, student carers & students estranged from their families can apply for an enhanced bursary - Full-time students: £4,500 - Part-time students: £2,250
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Full-time students only
FT Full-time students only
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FT/PT Budgeting
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Benefits – full-time students
FT Benefits – full-time students - Most full-time students can not claim benefits - Students with a disability or who are single parents may be able to claim some benefits - Students with dependent children can apply for a Childcare Grant and may also be eligible for a Parent’s Learning Allowance from Student Finance
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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), such as income-based Jobseekers Allowance, Housing Benefit and Local Housing Allowance - Your fee loan will not be treated as income when assessing any means-tested benefit
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Further support Student advice centre / Financial support team /
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Useful links Support from the government Applying for student loans University funding Full-time (outside of DLL) Full-time within DLL Part-time within DLL
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