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Student Finance 2012/2013 Full time undergraduate.

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Presentation on theme: "Student Finance 2012/2013 Full time undergraduate."— Presentation transcript:

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2 Student Finance 2012/2013 Full time undergraduate

3 How much are the fees? Full time: Tuition Fees – do not have to be paid up front £8,250

4 Full time: How much financial support will I be entitled to? Student Loan for tuition fees (non means tested) £8,250 Living cost loan (max rates) 65% NMT £3575/£2843 £5500/£4375 Non repayable Living cost grant – incomes below £42,600 Up to £3,250

5 When do I repay the Student loans? Once you are earning more than £21,000 a year Repayments are linked to gross earnings £21,000 per annum and above – repaid through NIC E.g. Income of £25,000 = £30 per month repayment Loan debt written off after 30 years

6 Our bursary package (Subject to OFFA approval & excl. Social Work students) Students from Compact Schools/Colleges who receive full Living cost grant of £3250 £1000 each year Accommodation bursary for first year students living away from home £1000 National Scholarship Programme - For priority groups with incomes below £20,000 £6000 - payable over length of course

7 Apply for loans and grants from late 2011 at www.direct.gov.uk/studentfinancewww.direct.gov.uk/studentfinance You can apply without a confirmed offer of a place on a course Need more info? Please contact us: by email at moneyadvice@glos.ac.ukmoneyadvice@glos.ac.uk by telephone on 01242 714535/715319


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