Download presentation
Presentation is loading. Please wait.
Published byCarl-Johan Lund Modified over 5 years ago
2
STUDENT FINANCE EXPLAINED
3
BURSARIES & SCHOLARSHIPS
Main Topics What are the costs? How do you pay for it? When & how do you repay it? Support available? TUITION LOANS MAINTENANCE LOANS BURSARIES & SCHOLARSHIPS
4
What are the costs? Two main costs: MAINTENANCE LOANS TUITION
5
Undergraduate degrees taught at Oxford Brookes
Tuition fees Tuition Fees £6,165 - £9,250 per year 2019 entry* (Check individual universities and courses for details) Subject to OfS approval 75% charge max, but there are also a good number that charge less – do your research Undergraduate fee levels for 2018/19 have not yet been announced by the government and are therefore yet to be confirmed. Oxford Brookes University intends to maintain its fees for new and returning home and EU students at the maximum permitted level for new and returning Home/EU students. Oxford Brookes University £9,250 per year Undergraduate degrees taught at Oxford Brookes
6
ADDITIONAL COURSE COSTS
We aim to provide helpful and accurate information regarding any additional course costs that you may incur as a student which are not included in your course fees. This information is updated regularly and can be found for every course and is available on the prospectus web pages under ‘This Course in Detail’ section. We aim to provide helpful and accurate information regarding any additional course costs that you may incur as a student which are not included in your course fees. This information is updated regularly and can be found for every course and is available on the prospectus web pages under ‘This Course in Detail’ section. Placement expenses under review. Decision due: end July PLU representatives are here to answer and specific questions regarding placements Students can use bod in 3rd year. Ambassador – Ask SA’s how they found the student finance application process as they have done it fairly recently. What advice would they have? Have they needed any of the extra support.
7
Living costs Living Costs
8
Living Costs https://www.ucas.com/budget-calculator
Breakdown Weekly expenditure Accommodation (Based on the range cost for a self catered room in halls of residence. Includes cost of heat and water. See the University's accommodation pages for specific prices.) £125 - £160 Telephone * £10 Food £45 Household goods **
9
Non-Repayable Sources
How will students pay for it all? Non-Repayable Sources LOANS Tuition fee loan Maintenance loan Bursaries Scholarships
10
Tuition Fee Loan Up to £9,250 per year 2019 entry
Under 25 classed as a dependent and they need the support of a parent or guardian. We appreciate that there are those under 25 who are already living independent- talk to student finance England about your status. Over 25 classed as independent Absolute deadline is May 31st to get loan for sept. Not means tested. You need to make the application every year – if your situation changed this can be reflected Tuition fee available to all Fees are paid directly to the university
11
Tuition Loan Not dependent on family income
Loan paid directly to the university or college Repaid only when you finish or leave course & income is over the repayment threshold
12
Maintenance Loan Covers living costs while studying
Amount depends on where you live Dependent on family income Paid into your account each term Repaid only when you finish or leave course & income is over the repayment threshold
13
What support can you get?
Maintenance Loan *maximum levels for 2018/19 Up to PARENTAL HOME £8,944 Up to £7,529 Live at home while you study TUITION FEE Loan Extra support SECTION 3 What support can you get? ELSEWHERE Maintenance Loan FEES Live away from home & study outside London LOANS EXTRA HELP Up to LONDON £11,627 Live away from home & study in London
14
Away from home (outside London) Away from home (London)
Household Income Living at home Away from home (outside London) Away from home (London) <£25,000 £7,529 £8,944 £11,672 £30,000 £6,859 £8,303 £11,020 £35,000 £6,260 £7,661 £10,367 £40,000 £5,626 £7,019 £9,714 £45,000 £4,991 £6,377 £9,062 £50,000 £4,357 £5,735 £8,409 £55,000 £3,722 £5,093 £7,756 £60,000 £3,414 £4,452 £7,103 £62,212+ £4,168 £5,812
15
What support can you get?
TUITION FEE Loan Extra support SECTION 3 What support can you get? Repayment Maintenance Loan FEES LOANS EXTRA HELP What do I pay?
16
9% on anything earned above £25,725
How do the loans work? How do the loans work? Loans combined into one amount Interest Rates Loan wiped after 30 years This is frozen until £21k Beginning of the next tax year. Linked with the tax man – when you apply you give them your NI number Interest – RPI+3% starts accruing on day 1 you start the course, that’s why it’s important to go on open days to know you're making the right decision 9% on anything earned above £25,725 April after the course finishes
17
Monthly repayment (approx) What support can you get?
Income before tax 9% will be deducted from Monthly repayment (approx) £25,725 £0 £27,725 £2,000 £15 £29,725 £4,000 £30 £31,725 £6,000 £45 TUITION FEE Loan Extra support SECTION 3 What support can you get? Maintenance Loan FEES LOANS EXTRA HELP
18
What support can you get?
Repayment NB – Based on £30,000 PAYSLIP Name Mr. A. Non Pay Date 28th April NI number NI12345A Tax Code AB12 Earnings Deductions Salary £2,500 Tax £302.50 National Insurance £215.76 Student Loan £32.00 Total Pay Total Reductions £550.26 Net Pay £1,949.74 TUITION FEE Loan Extra support SECTION 3 What support can you get? Maintenance Loan FEES LOANS EXTRA HELP
19
Non-Repayable Sources
How will students pay for it all? Non-Repayable Sources LOANS Tuition fee loan Maintenance loan Bursaries Scholarships
20
What support can you get?
Scholarships Bursaries TUITION FEE Loan Extra support SECTION 3 What support can you get? linked to academic results or achievement can be subject specific (eg. music or sport) usually limited available linked to personal circumstances & household income discounted accommodation, tuition fees, or financial aid Maintenance Loan FEES LOANS EXTRA HELP Support for students with learning difficulties, long-term health, or mental-health conditions
21
Household income – gross Government maintenance loan
OBU Bursary – year 1 OBU bursary – years 2 & 3 Annual total – Year 1 Annual total – years 2 & 3 Under £10,000 £8,700 £1,500 £2,000 £10,200 £10,700 £10,000 - £14,999 £1,000 £9,700 £15,000 - £19,999 £20,000 - £24,999 £25,000 - £29,999 £8,076 £500 £8,576 £9,076 £30,000 - £34,999 £7,452 £7,952 £8,452 £35,000+ £6,469 £0 Bursarys – if £35k under – happens automatically, not a separate application if they consent to share information on application. These figures have changed by inflation
22
What support can you get?
Disabled Student Allowance Processed by SFE Financial and non-financial support available - One-to-One study skill support - Exam provisions - Equipment or software - Non-medical helpers TUITION FEE Loan Extra support SECTION 3 What support can you get? Maintenance Loan FEES LOANS EXTRA HELP
23
What support can you get?
Budgeting ▪ Student Ambassador ▪ Local bars, pubs, cafes ▪ Retail ▪ Lifeguarding / Leisure Centres ▪ Loyalty cards (NUS/TOTUM) TUITION FEE Loan Extra support SECTION 3 What support can you get? Maintenance Loan FEES LOANS EXTRA HELP
24
Bursaries and scholarships
Brookes Bursary Oxford Brookes Bursary Up to £2,000 Community Scholarship £1,000 (1st year only) (for Oxfordshire state schools and colleges only) Transition from Care Bursary Up to £2,000 Learning Support Fund Tessa Jane Evans Bursary for Nursing BROOKESbus pass Tessa Jane Evans Bursary for Nursing (3 available, up to £30,000 over 3 years)
25
What support can you get?
Apply as soon as possible Do not need confirmed university place Application TUITION FEE Loan Extra support SECTION 3 What support can you get? Assessment Submit supporting documentation Maintenance Loan FEES LOANS EXTRA HELP Notification Financial Notification Letter sent
26
What support can you get?
Sign online declaration form and return to SFE Sign TUITION FEE Loan Extra support SECTION 3 What support can you get? Enrol Enrolment to university Maintenance Loan FEES LOANS EXTRA HELP Payment Schedule Letter sent to you Funds paid to university & to you Payment
27
Useful Websites www.gov.uk/student-finance
(Learning Support Fund) BROOKES:
28
What support can you get?
Budgeting Apps TUITION FEE Loan Extra support SECTION 3 What support can you get? Maintenance Loan FEES LOANS EXTRA HELP
29
What support can you get?
2019 29 JUNE 2019 TUITION FEE Loan Extra support SECTION 3 What support can you get? Maintenance Loan FEES LOANS EXTRA HELP
Similar presentations
© 2025 SlidePlayer.com. Inc.
All rights reserved.