1. Student Finance York St John University | www.yorksj.ac.uk

2. You do not pay tuition fees up front You need to be earning at least £21,000 a year before you start paying back Repayments are from as little as £4.00 a month Graduate employment rates remain high (90% within six months of graduation) York St John University | www.yorksj.ac.uk Key Facts

3. Fees – Amount charged to study on the course. Generally apply to all undergraduate degrees with some exceptions for health courses. Paid per year of study Loans – Taken out to cover tuition fees and living costs. Need to be paid back gradually once earning a certain amount Grants – Money from the government which doesn’t have to be paid back. Amount received generally dependent upon income Living costs – Food, accommodation, bills, course costs etc. Interest – The fee charged to you for the use of borrowed money York St John University | www.yorksj.ac.uk Key words

4. Annual Tuition Fees for 2012 - £8,500 per year Accommodation - approx £3,500-£6,000 Pay termly, in advance, by cheque or direct debit Living Expenses - approx £4,000 (but varies!) Food, books, course costs, clothes, laundry, entertainment, travel home York St John University | www.yorksj.ac.uk How much will it cost to go to university?

5. York St John University | www.yorksj.ac.uk Financial help available from York St John To support the commitment to widening access the University has developed a range of fee waivers, bursaries, and scholarships. Fee waivers Fee waivers will be awarded against a single criterion based on residual family income provided at the following levels: Residual annual family income Fee Waiver per annum for 2012/2013 onwards Below £10,000£2,000 £10,000 - £19,999£1,250 £20,000 - £30,000£750

6. York St John University | www.yorksj.ac.uk Financial help available from York St John Scholarships and Bursaries Further details on bursaries and scholarships will be available from October onwards (subject to approval) via the York St John website at www.yorksj.ac.uk/finance2012 www.yorksj.ac.uk/finance2012 We cannot at this stage provide any information regarding the allocation or process of applying for York St John University scholarships, bursaries and fee waivers

7. Tuition Fees Do not have to pay up front or whilst studying Tuition Fee Loan available from the Student Loans Company Loan also available for eligible part-time, first-degree students who complete minimum of 25% of full time course load p/a Some exemptions to fees– NHS courses e.g. Physiotherapy and Occupational Therapy York St John University | www.yorksj.ac.uk Financial help is available

8. Living Cost Loan Available for all eligible full-time students Not available for part-time students All students are eligible for 65% of the loan, further 35% is means-tested on residual household income What is residual income? This is effectively the household income BEFORE tax and AFTER any pension contributions or allowances for dependant children. In 2012/13 the maximum annual loan available if you live with your parents will be £4,375, if you live away from home £5,500 (£7,675 in London). New £150m National Scholarships Programme for students from lower income families. Details yet to be finalised. York St John University | www.yorksj.ac.uk Financial help is available

9. Living Cost Grant for full-time students: The amount of the grant is dependant on household income This help does not have to be repaid Up to £3,250 towards living costs Partial grant if family income is up to £42,000 York St John University | www.yorksj.ac.uk Financial help is available

10. Repayment starts once you leave university and are earning over £21,000 per annum Repayments are 9% of income above £21,000 Written off after 30 years York St John University | www.yorksj.ac.uk Repayment of loans

11. Household income Package of Support Non repayable grantsLiving cost loansTotal £25,000 or less£3,250£3,875£7,125 £30,000£2,341£4,330£6,671 £35,000£1,432£4,784£6,216 £40,000£523£5,239£5,762 £45,000£0£5,288 £50,000£0£4,788 £55,000£0£4,288 £60,000£0£3,788 Over £62,500£0£3,575 For students living away from home and studying outside of London

12. Unpaid balance written off after 30 years York St John University | www.yorksj.ac.uk http://yourfuture.direct.gov.uk/calculate

13. Interest charged at inflation (RPI) plus 3% whilst you are studying If after graduating you earn less than £21,000 interest is charged at rate of inflation If earning between £21,000 and £41,000 interest charged on sliding scale up to max of inflation plus 3% If earning above £41,000 interest is inflation plus 3% York St John University | www.yorksj.ac.uk Interest

14. York St John University | www.yorksj.ac.uk Budgeting

15. Will be your biggest spend Be realistic Do you NEED an en-suite Think before you buy non-essentials to fill your room! What is included? TV licence? Sharing your flat / sharing the cost Visit the accommodation Check contracts from private landlords York St John University | www.yorksj.ac.uk Accommodation

16. Open a student bank account What freebies do you get? Check for charges Overdraft o Amount the bank will let you spend without incurring a penalty over and above what you have in your account. May be £500- £2000 per year Interest o If you spend more money than is in your account you’ll be charged interest by the bank for going overdrawn Only buy with cash Store Cards/Credit Cards – NO o Keep away if possible o Check the interest rate o Keep up with repayments York St John University | www.yorksj.ac.uk Your money

17. Returned library books on time Be careful of what you print Bought second hand books or shared o Amazon marketplace, Oxfam Buy a bike – cars are bad for your pocket and the environment Equipment costs /extra course costs York St John University | www.yorksj.ac.uk University

18. Limit nights out - alternate with a night in Be creative – host x-factor nights, Karaoke to save money Watch out for discounts o NUS Card o Promotions Fresher's Fair Societies and Clubs cost money Buy your fancy dress now York St John University | www.yorksj.ac.uk Students Union

19. What if it doesn’t add up? Spend time making a budget planner – be realistic Part-time jobs o transfer employment o jobs at the university Work and save now Speak up! York St John University | www.yorksj.ac.uk Top Tips

20. Contacts Student Funding Advice Team 01904 876536/6939 money@yorksj.ac.uk Useful websites www.yorksj.ac.uk www.studentfinanceengland.co.uk www.direct.gov.uk www.nhsstudentgrants.co.uk York St John University | www.yorksj.ac.uk