1. Student Finance 2014 Entry Widening Participation Team

2. Key facts  Tuition fees do not have to be paid up front whilst studying full or part-time  Repayments based on what you earn, not what you owe  Government financial help with living costs available for full-time UK students  Should be viewed as a contribution to cost of studying not debt  Government Grants and University Bursaries available

3. Key elements of student finance Living Costs Grant Tuition Fee Loan Living Costs Loan Other Grants University Scholarships University Bursaries Other funding

4. Tuition fees - examples Kent - £9,000 Southampton - £9,000 Hertfordshire - £9,000 Sussex - £9,000 Brighton - £9,000 Portsmouth - £8,500 Chichester - £8,500 Gloucestershire - £8,250 Aberystwyth - £9,000 Bangor - £9,000 Edinburgh - £9,000 Aberdeen - £9,000 Cambridge - £9,000 Oxford- £9,000 Bristol - £9,000 Liverpool- £9,000 Hull - £9,000 Lincoln - £9,000 Loughborough - £9,000 Manchester - £9,000

5. Tuition Fee Loan  Government Loan to cover the full cost of tuition fees whilst you are studying  Non-income assessed  Paid directly to the university

6. Maintenance Loan  Partly on basis of family income  Maximum annual loan available:  Living at home: £4,418  Studying outside London: £5,555  Studying in London: £7,751  Paid direct to the student in three instalments per year  To help pay for:  Rent  Food  Books & materials  Travel  Entertainment / leisure

7. Repayment of loans  Start repaying April after graduation only IF you earn above £21,000 (updated annually from 2016)  Collected ‘at source’  If earnings fall below £21,000 a year – between jobs, return to study, parental leave – payments will stop  Payments deducted directly from salary by employer  All outstanding payments will be written off after 30 yrs.  Repayments are set at 9% of income above £21,000  Interest rates are linked with inflation:  traditionally very low + 3%  credit card interest is between 15% & 35% and most store cards charge over 30%  Payments are more affordable than current system

8. Salary From which 9% will be deducted Repayment £25,000£4,000£30 £30,000£9,000£67.50 £35,000£14,000£105 £40,000£19,000£142.50 £45,000£24,000£180 £50,000£29,000£217.50 £55,000£34,000£255 £60,000£39,000£292.50 Repayments made on 9% of income above £21,000 Currently a student earning £25,000 would be paying £74 per month Proposed student loan repayment Source: Department for Business, Innovation & Skills March 2011 Monthly repayments same whether loan for £6,000 or £9,000 per year.

9. How much will you repay (at actual prices)? Starting salarySalary in 30 years Total amount repaid Will I fully repay it? £10,000£41,000NothingNo £15,000£62,000NothingNo £20,000£82,000£14,000No £21,000£86,000£20,000No £25,000£103,000£43,000No £30,000£123,000£73,000No £35,000£144,000£103,000No £40,000£165,000£133,000No £45,000£185,000£108,000Yes – 24 years £50,000206,000£94,000Yes – 21 years www.moneysavingexpert.com

10. Living cost grant  Maximum of £3,250 per year  Means-tested on family income  Then sliding scale of amounts:  Income up to £25,000 = £3,387  Income greater than £42,000 = £0  Paid direct to the student in three instalments per year  To help pay for:  Rent  Food  Books & materials  Travel  Entertainment / leisure

11. NHS funded courses NHS will continue to fully fund: Dieticians; Midwives; Nurses; Occupational therapists; Othoptists; Physiotherapists; Podiatrists, Prosthetists and Orthotists; Radiographers; Speech Therapists Check funding arrangements for: Audiology and Paramedic Practice Final year of Medicine – NHS funding arrangements

12. Funding for Social Work courses Social Work funding changed for 2013 entry Full tuition fee charged to students - tuition fee loan from SFE Students eligible for maintenance loan from SFE No NHS bursary in year 1 Limited number of NHS bursaries for years 2/3 Students may also be eligible for University bursaries

13. Other Government Grants  Disabled Students Allowance:  Helps disabled students meet additional study costs  Special Support Grant:  Instead of Maintenance Grant if the student is on Income Support or Housing Benefit  Access to Learning Fund  Child Care Grant  Parent’s Learning Allowance  Adult Dependants’ Grant

14. University of Brighton bursaries  University of Brighton bursary:  students from low-income families in 1 st Year  Care leavers bursary:  young people leaving local authority care from 2 nd year  Compact Plus bursary:  students from local area previously participating in University of Brighton or Aimhigher Sussex widening participation programme from 2 nd year  Also bursaries for students from lower income families studying four year courses in architecture, pharmacy and teaching

15. Other funding  Scholarships - No national system – research with each university – very popular - awarded for various things  Merit  Means tested  Sporting abilities  local students  Sponsorship  Charities  some charities and trusts offer financial help, but their eligibility rules vary. The Educational Grants Advisory Service (EGAS) provides information and advice on sources of funding through their Directory, helpline and website.

16. Part-time work whilst studying Important that students balance study and work commitments No more than 15 hours work per week recommended Flexible working hours Opportunities: transfer from home town or visit the university job shop Consider working for the Student Union or the university, as a student ambassador

17. Applying for funding  Student Finance England  One application to assess eligibility for grants and loans  Apply spring of entry year – one of 5 choices if not yet firm  Deadline – end of May to guarantee money available for start of term  Registration at beginning of term:  University confirms to SFE that student has enrolled  Money transferred to student bank account  Money paid in 3 instalments

18. Useful websites www.ucas.com www.gov.uk/studentfinance www.gov.uk/studentfinancecalculator www.nhsbsa.nhs.uk/Students bursarymap.direct.gov.uk www.moneysavingexpert.com/family/ student-loans-tuition-fees-changes