1. STUDENT FINANCE 2019/20

2. SESSION CONTENTS • How much do you know? • The student finance package
• Additional support
• NHS funding
Student loan repayment
Application information
Managing your money
All content appearing in the following slides is subject to 2019/20 policy approval by the National Assembly for Wales.

3. HOW MUCH DO YOU KNOW?

4. Q A Q A HOW MUCH DO YOU KNOW?t
What is the current maximum tuition fee universities or colleges can charge new students in 2019/20? Q
£9,250 A t Q
How much of this is paid upfront
before you go to uni or college?
Universities and colleges in England with an Access Agreement from the Office for Fair Access (OFFA) and who meet the expectations of the Teaching Excellence Framework will be able to charge up to £9,250 a year for a full-time course in 2019/20. All universities in Wales and those in England who don’t meet these requirements will be able to charge up to £9,000 a year for a full-time course in 2019/20. £0 A

5. THE STUDENT FINANCE PACKAGE 2019/20

6. bursaries & scholarships tuition fee support
THE STUDENT FINANCE PACKAGE
SUPPORT AVAILABLE TO STUDENTS INCLUDES:
bursaries & scholarships
tuition fee support
maintenance (living cost) support
additional support
The
Student Finance
Package
You can find out more and keep up to date with the latest information by visiting

7. THE STUDENT FINANCE PACKAGE 2019/20
TUITION FEES

8. TUITION FEES
OVERVIEW
The maximum tuition fee you can be charged in 2019/20 will be £9,000 in Wales, and £9,250 in the rest of the UK.
The tuition fee will be decided by the university or college. They could charge different amounts for different courses.
1. Personal eligibility
Normally you must be living in Wales on the first day of the first academic year of your course and either:
• have been living in the UK for the three years immediately before this date and have ‘settled status’ in the UK (meaning you can live permanently in the UK without the Home Office placing any restrictions on how long you can stay); or
• meet the requirements of one of the other UK residency categories listed in the appropriate Regulations (for example, you are a refugee living in the UK).
To qualify for a Maintenance Loan you need to be under 60 when you start your course. There’s no upper age limit on grants and Tuition Fee Loans.
2. Course eligibility
The course you plan to study must be of a certain type (a ‘designated course’ such as a BSc, HND, PGCE) leading to a recognised higher-education qualification.

9. TUITION FEES TUITION FEE SUPPORT
A Tuition Fee Loan will be available to cover the full cost of your tuition fees.
How much Tuition Fee Loan you can get doesn’t depend on your household income.
We pay it directly to your university or college once you’ve registered – so you don’t need to worry about it.
Tuition Fee Loans have to be paid back, but only when you’ve left university or college and your income is over £25,725 a year.
For the 2019/20 academic year, students at private universities or colleges can borrow up to £6,165 towards* tuition costs, but only if the course has been approved for funding by the Welsh Government.
*Students will have to self-fund any additional fee charged at a private university or college.
The repayment threshold is changing in April 2019 to £25,725 a year, £2,143 a month and £494 a week.

10. THE STUDENT FINANCE PACKAGE 2019/20
MAINTENANCE SUPPORT

11. SUPPORT FOR LIVING COSTS
Support is available to help towards living costs you’ll have while at university or college and all eligible students will receive the same amount of money to live off while studying.
Two types of support are available – Maintenance Loan and Welsh Government Learning Grant.
The amount of loan available to you depends on where you live (e.g. with
parents, in London etc) and study.
Support for living costs are paid directly to your bank account each term.
The amount of loan payable is dependent on the amount of grant for living costs received.

12. MAINTENANCE SUPPORT
WELSH GOVERNMENT LEARNING GRANT
A minimum grant of £1,000 for all eligible students.
Any additional grant will be based on your household income.
Students from households with an income of up to £18,370 will be entitled to the maximum of £10,124*.
Students from households with an income of up to £59,200 will be entitled to a partial grant.
*Based on them living away from home and studying in London.

13. MAINTENANCE SUPPORT £9,225 £7,840 £11,530 £18,370 or less £20,000
Income
Living away from home, outside of London
Living with parents
Living away from home, studying in London
Grant
Loan
Total
£18,370 or less
£8,100
£1,125
£9,225
£6,885
£955
£7,840
£10,124
£1,406
£11,530
£20,000
£7,817
£1,408
£6,651
£1,189
£9,760
£1,770
£25,000
£6,947
£2,278
£5,930
£1,910
£8,643
£2,887
£30,000
£6,078
£3,147
£5,209
£2,631
£7,526
£4,004
£35,000
£5,208
£4,017
£4,488
£3,352
£6,408
£5,122
£40,000
£4,339
£4,886
£3,767
£4,073
£5,291
£6,239
£45,000
£3,469
£5,756
£3,047
£4,793
£4,174
£7,356
£50,000
£2,600
£6,625
£2,326
£5,514
£3,056
£8,474
£55,000
£1,730
£7,495
£1,605
£6,235
£1,939
£9,591
£59,200 or over
£1,000
£8,225
£6,840
£10,530
If their household income is less than £59,200, parent(s) or partners should provide details of their household income to ensure the student gets the full amount they’re entitled too. If their household income is over £59,200 providing these details will not increase the amount of student finance the student gets.

14. ! SCHOLARSHIPS AND BURSARIES
Most universities offer additional support to students which could be worth
thousands of pounds, so it’s important to research what’s available
and when to apply.
Scholarships:
can be linked to academic results or an outstanding ability in sport, music etc…
can be subject specific and are limited in numbers
Bursaries:
usually depend on personal circumstances and, often, your household income
vary by university or college !
You should check university websites and ask at open days and UCAS
conventions for information on scholarships and bursaries: what is
available and how/when to apply.

15. ADDITIONAL SUPPORT

16. Extra money or support may be available if you:
ADDITIONAL SUPPORT
OVERVIEW
Extra money or support may be available if you:
have a disability, including a long-term health condition, mental health condition or specific learning difficulty, or
have children or adults who depend on you.

17. ADDITIONAL SUPPORT DISABLED STUDENTS’ ALLOWANCES (DSAs)
Help towards the additional costs that you may face as a result of your disability, including a long-term health condition, mental health condition or specific learning difficulty.
DSAs support:
is available in addition to the standard student finance package,
doesn’t have to be repaid,
is not affected by household income, and
looks at the specific needs of the individual in relation to their disability and how it affects their studies.

18. ! THE STUDENT FINANCE PACKAGE STUDENTS WITH DEPENDANTS Childcare Grant
Based on 85% of actual registered/approved childcare costs up to a maximum of:
£ per week for one child £ per week for two or more children
Parents’ Learning Allowance
Help with course-related costs for students with dependent children.
You can get between £50 and £1,557.
Adult Dependants’ Grant
For students with a partner or another adult who is financially dependent
on them (but not an adult child). You can get up to £2,732.
The amount of childcare grant payable will be based on 85% of actual childcare costs, subject to a maximum grant of £ per week for one child only or £ per week for two or more children.
Where a childcare provider has not been identified, the amount of Childcare Grant payable will be based on 85% of actual childcare costs, subject to a maximum grant of £115 per week. This lower rate payment will be made until details of the childcare provider have been submitted but subject to a maximum of one academic quarter (usually a term). A reassessment will be carried out once provider details are received.
Adult Dependants’ Grant - where the student does not have a partner within the meaning of the regulations, a student may be eligible for this grant in respect of one adult dependant whose net income does not exceed £3,923. !
Dependants’ Grants depend on your household income. Universities may offer
additional support to students with childcare/caring responsibilities.

19. PART-TIME

20. WELSH PART-TIME SUPPORT PACKAGE – TUITION FEES
If you start a part-time course on or after 1 August 2019 at a university or college in Wales, you can get a Tuition Fee Loan of up to £2,625, whether you’re at publicly-funded or privately-funded university or college.
If you start a part-time course on or after 1 August 2019 at a publicly-funded university/college elsewhere in the UK, you can get a Tuition Fee Loan of up to £6,935.
Or if you’re attending a private university/college elsewhere in the UK, you can get a Tuition Fee Loan of up to £4,625 (but you’ll have to pay any fees over this yourself).
Students studying part-time courses at a university or college in England can borrow up to £6,935.

21. WELSH PART-TIME SUPPORT PACKAGE – LIVING COSTS
If you start a part-time course on or after 1 August 2019, you can apply for loans and grants of up to £5,
If appropriate, you can also get part-time Dependants’ Grants and part-time DSAs, depending on your intensity of study.
EU students can only get a Tuition Fee Loan. They can’t get any help with living costs, Dependants’ Grants or DSAs.

22. NHS FUNDING

23. NHS COURSES FUNDING Eligible courses
Students must be accepted for an NHS-funded place on a full or part-time
course in Wales which leads to professional registration, including but not limited to a:
doctor or dentist (they will be eligible for an NHS bursary after the fourth year of their course)
chiropodist (including podiatrist), dietitian, occupational therapist, physiotherapist, radiographer, healthcare scientist, paramedic, speech and language therapist
dental hygienist or dental therapist
nurse or midwife

24. OTHER COURSES NHS COURSES NHS support
Students studying on eligible courses who agree to work in Wales for two years after they graduate may be able to get a bursary from the NHS. A bursary is a yearly payment to help with living costs and tuition fees. It’s paid each month and doesn’t have to be paid back.
More detailed information is available at
SFW support
Full-time NHS students can also apply to Student Finance Wales for a reduced rate Maintenance Loan which does not depend on income.

25. OTHER COURSES
NHS COURSES AT UNIVERSITIES IN ENGLAND, SCOTLAND AND NORTHERN IRELAND
If you’re studying nursing, midwifery or any other allied health profession course at a university or college in England, Scotland or Northern Ireland from 2017/18, you won’t be able to apply for funding from the NHS.
You’ll be able to apply to Student Finance Wales for help with your living costs and tuition fees in the same way as students on other courses.
Exceptions:
There are a small number of exceptions, if you’re studying a medicine or dentistry courses in England where you may be able to receive an NHS Bursary. More details can be found at:

26. STUDENT LOAN REPAYMENT

27. Income each year before tax Approximate monthly repayment
STUDENT LOAN REPAYMENT
THE FIGURES
Income each year before tax
Monthly salary
Approximate monthly repayment
£25,725
£2,143 £0
£27,000
£2,250 £9
£30,000
£2,500
£32
£32,500
£2,708
£50
£35,000
£2,916
£69
£40,000
£3,333
£107
*The repayment threshold is changing in April 2019 to £25,725 a year, £2,143 a month and £494 a week (the table will be updated) !
Any outstanding loan balance will be cancelled 30 years after
entering repayment.

28. STUDENT LOAN REPAYMENT
OVERVIEW
You won’t make repayments until your income is over £25,725 a year, before tax.
Full-time students will be due to start repaying in the April after graduating/leaving your course.
You’ll repay 9% of your income over £25,725 and if you’re employed your employer will make deductions from your pay through the HMRC tax system.
You may get a partial cancellation of your Maintenance Loan of up to £1,500 when you start repaying.
If your income falls to £25,725 or below your repayments will stop.
A partial cancellation will be available if you take out a Maintenance Loan (loans for living costs) from Student Finance Wales in academic year 2013/14 onwards. The partial cancellation will not be applied to Tuition Fee Loans.
Subject to the following points, eligibility will be automatic once you start repaying your student loan, either voluntarily or when you are required to do so because your income is over £25,000.
Am I eligible for partial cancellation of Maintenance Loan?
If you take out a Maintenance Loan in academic year 2013/14 onwards from Student Finance Wales, the Welsh Government may provide you with a partial cancellation of up to £1,500. The reduction will be applied to the balance of your student loan by SLC when you start repaying.
*The repayment threshold is changing in April 2019 to £25,725 a year, £2,143 a month and £494 a week.
You’ll not be eligible for a partial cancellation if you’ve any outstanding charges, costs, expenses or penalties in relation to your loan or if you’re in breach of your loan agreement.
The partial cancellation will be £1,500 unless you’ve taken out a smaller Maintenance Loan. If you borrow less than £1,500, the partial cancellation will decrease in line with the amount borrowed. For example:
• If you have a Maintenance Loan of £300 and the amount of your first repayment is £10, you will receive a partial cancellation of £290;
• If you have a Maintenance Loan of £3,000 and the amount of your first repayment is £50, you will receive a partial cancellation of £1,500;
• If you have a Maintenance Loan of £1,200 and the amount of your first repayment is £5, you will receive a partial cancellation of £1,195;
• If you have a Maintenance Loan of £200 and the amount of your first repayment is £200, you will not receive any partial cancellation.
• If you take out a Maintenance Loan of £1,500, but make the first repayment of £50 after you’ve got your first instalment (of £500), then you’ll get a partial cancellation of £450. Whilst there would be no outstanding balance on your loan at that stage, the other instalments won’t get a partial cancellation and there’ll be a £1,000 balance on your account at the end of the year (plus interest).
Interest will continue to accrue on your total loan until your first repayment has been received and you should note that you are only entitled to get a partial cancellation once.
How do I benefit from partial cancellation of Maintenance Loan?
After you have made the first repayment of your student loan we will automatically cancel up to £1,500 of the Maintenance Loan that you borrowed. This repayment can either be mandatory (through your employer) or voluntary (through the Student Loans Company – such as, by making an online payment).
However, in order to get the full benefit of the partial cancellation, you should have received each instalment of the Maintenance Loan due for an academic year before making a repayment.

29. STUDENT LOAN REPAYMENT
TRUE or FALSE – You do not need to repay your loan...
True – 30 years after you enter repayment any remaining loan will be cancelled.
False – but you stop making repayments if your income is under the threshold.
After 30 years?
Earn under 25K?
Work/live abroad?
False.
False – but payments will stop being collected, if unemployed/claiming Jobseeker’s Allowance.
Made redundant?
Become a teacher?
False.
False – but you stop making repayments if income is below the threshold.
Pregnancy?
You die?
Bankruptcy?
False – becoming bankrupt does not cancel your student loan.
True – the debt dies with you and no one inherits it.

30. STUDENT LOAN REPAYMENTS
Interest on your loan will depend on your income and circumstances.
During study until entering repayment
Interest rate:
Retail Price Index plus 3%
Income:
Under £25,725
Interest rate:
RPI Only
Income:
£25,726 to £46,305
Interest rate:
RPI plus up to 3%
Income:
Over £46,305
Interest rate:
RPI plus 3%
RPI is a measure of inflation. It measures changes to the cost of living in the UK.

31. APPLICATION INFORMATION

32. Q A B C C APPLICATION - HOW MUCH DO YOU KNOW? t
How should you apply for student finance? A
Through your local authority B
Online – Gov.uk C
Online – studentfinancewales.co.uk C
Online –

33. HOW DO I APPLY?
When the time comes, apply online at
You don’t need a confirmed place at university or college to apply.
You can change your details online before starting your course.
If you share information from your application, this helps with scholarships
and bursaries.

34. APPLICATION INFORMATION
COMPLETING AN APPLICATION
Before starting an application, you should have the following to hand:
• passport – so SFW can check your identity using valid UK passport details
• university and course details
bank account details and National Insurance number
your parents’ or partner’s address
Once you’ve submitted your online application:
send any evidence you’ve been asked for
The easiest way for a student to prove their identity is to give us their valid UK passport number online, when they apply. We can then check and confirm their identity without them having to actually send us their passport. If a student doesn’t have a valid UK passport they’ll need to send us their original *birth or *adoption certificate, along with a Birth/Adoption Certificate Declaration Form.
This is available from

35. APPLICATION INFORMATION
First point of reference for student finance information, check entitlement using the student finance calculator and the site for applications.

36. SOCIAL MEDIA FOR THE LATEST SFW NEWS /SFWales /SF_Wales /SFWFILM
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37. QUESTIONS?