1. For students from England who start in 2015 Student Funding

2. Overview Tuition Fees Living Cost Loans & Grants Additional Support Disabled Students Allowance Social Work NHS Repayments

3. Tuition Fee Loans Available to all eligible undergraduate students Not income-assessed Paid direct to the university by the Student Loans Company Repayable

4. Living Cost Support Maintenance Loan for living costs Living away from parental home up to £5,740 Living at parental home up to £4,565 How much Loan depends on household income

5. Living Cost Support Non-repayable Maintenance Grant Students can get £3,387 grant where the household income is £25,000 or less Partial grant to students where household income between £25,000 and £42,620 No grant where income above £42,620

6. Living Cost Loan & Grant Household Income Non-repayable grant Living Cost LoanTotal £25,000£3,387£4,047£7,434 £30,000£2,441£4,520£6,961 £35,000£1,494£4,993£6,487 £42,875£0£5,740 £45,000£0£5,519 £50,000£0£4,998 Over £62,132£0£3,731 Figures for students living away from home and outside London

7. Living Cost Loan & Grant Household Income Non-repayable grant Living Cost LoanTotal £25,000£3,387£2,872£6,259 £30,000£2,441£3,345£5,786 £35,000£1,494£3,818£5,312 £42,875£0£4,565 £45,000£0£4,344 £50,000£0£3,823 Over £58,195£0£2,967 Figures for students living at home and outside London

8. Living Costs Maximum Loan and Grant is £7,434 per year £191 per week over 39 weeks academic year To cover: –Accommodation –Course costs –Travel –Food –Socialising and university activities

9. Living Costs Student Weekly Spending Food and Household£53 Rent£103 Socialising£31 Travel£36 Other£50 Course costs£25 TOTAL£298 Annual Total over 39 weeks£11,622 From: NUS/HSBC Student Experience Report 2010, figures rounded

10. Student Budget IncomeWeeklyAnnual Maintenance Loan£103£4,047 Maintenance Grant£87£3,387 Part-time work£108£3,861 TOTAL IN£298£11,622 SpendingWeeklyAnnual Accommodation£103£4,017 Food and household bills£53£2,067 Travel£36£1,404 Course costs£25£975 Socialising£31£1,209 Other£50£1,950 TOTAL OUT£298£11,622

11. Other Support Extra help for students in special circumstances, e.g. students with a disability or with dependants NHS and Social Work courses funded differently University Hardship Funds University bursaries and scholarships Charity and Trust funds Welfare benefits

12. Students with Dependants Childcare Grant: Based on 85% of actual registered/approved childcare costs up to a maximum of: £155.24 per week for one child £266.15 per week for two or more children Parents’ Learning Allowance: Help with course-related costs for students with dependent children Amount received will be between £50 and £1,573 Adult Dependants’ Grant: Normally for the student’s partner, or another adult who is financially dependent on the student and their net income is not more than £3,796 p.a. Maximum grant available: £2,757

13. Disabled Students’ Allowances Disabled Students’ Allowances provide help towards the additional costs that a student may face as result of their disability, long-term health condition, mental-health condition or specific learning difficulty: DSAs Support: Is available in addition to the standard student finance package, Does not have to be repaid, Is not affected by household income, Looks at the specific needs of the individual in relation to their circumstances and studies Students should apply for their DSAs as soon as possible, the process can be triggered from the main online application form.

14. Disabled Students’ Allowances Allowance Part-Time Maximum Support Full-Time Maximum Support Non-medical personal helper £15,543£20,725 Per academic year Specialist equipment£5,212 Duration of Course Other disability-related expenditure £1,305£1,741 Per academic year Disability related travel No Limit – Reasonable spending can be claimed

15. Social Work Paid in addition to other SFE funding Bursary currently £4,575 (2014/15) Includes an amount for travel placement costs Not income-assessed Bursary is only available from the second year of the course There is a cap which limits the number of bursaries All students get £575 for placement

16. NHS Courses A healthcare student on an eligible course of 45 weeks in duration and studying outside London can currently receive fees paid by the NHS a non-means tested grant of £1,000, a means tested bursary of up to £4,395 a non-means tested loan of up to £2,324 from Student Finance England In total £7,719 for living costs per year

17. Student Loan Repayment

18. Student Loan Repayments Interest levels will depend on a students income and circumstances: Interest Rate: RPI Only During study until entering repayment Income: Under £21,000 Interest Rate: Retail Price Index +3% Income: £21,000 to £41,000 Income: Over £41,000 Interest Rate: RPI + up to 3% Interest Rate: RPI +3% i The interest rate is updated once a year using the RPI figure from March which is carried forward and applied in September

19. Useful Contacts & Websites Student Money Advice www.leedsbeckett.ac.uk/moneyadvice Advice line: 0113 8125593 – check website for opening times Student Finance England Tel: 0300 100 0607 www.gov.uk/studentfinance http://practitioners.studentfinanceengland.co.uk/ NHS and Social Work www.nhsbsa.nhs.uk/students Money Saving Expert www.moneysavingexpert.com

20. Any Questions? The accuracy of the guidance in this PowerPoint is based on the best information available at the time of writing. However, such information is subject to change, sometimes at short notice. Be aware that the PowerPoint may be misleading if used in isolation. Whilst care has been taken to ensure that all information is correct, the Leeds Beckett University Student Money & Advice service does not accept responsibility for errors, omissions or inaccuracies.