1. Financing Higher Education

2. Aims and objectives By the end of this session you will have; An understanding of why it is important that you begin to think about student finance An overview of the main costs associated to university life An overview of the support available An overview as to how to apply for Student Finance and how to pay it back

3. Tuition fees Universities and colleges can charge between £6,000 and £9,000 per year The majority charge the full fees of £9,000 You do not need to pay upfront

4. Living costs Reason for spendAmount Accommodation (catered)£5,760 Books and equipment£300 Food – lunches, coffees etc.£640 Clubs and societies£270 Clothing£270 TV licence£145 Travel home£150 Toiletries and haircuts£150 Telephone£270 Social life£1,120 House deposit for next year£370 Total£9,445

5. Available finance Tuition fee loan Living cost support Maintenance Loan Maintenance Grant Institutional support Other support

6. Sources of Income: Government Type of funding Maintenance loan Amount Repayable Non- repayable Means tested Non-means tested Full value up to £9,000 Tuition fee loan Up to £8,200

7. Sources of Income: Type of fundingRepayable Non- repayable Means tested Non-means tested Fee waivers and bursaries Scholarships for academic excellence Scholarships for music and sport Scholarships for specific schemes

8. University support SupportHousehold incomeBursary amount Access to Exeter bursaries* <£16,000 £2,000 for year 1 £1,500 for subsequent years £16,001 - £25,000 £1,000 for year 1 £1000 for subsequent years Care leavers will receive a full fee waiver for all years of study and support for additional accommodation costs *available for 2015/16 entry

9. Other support Disabled Students Allowance (DSA) Hardship Funds Dependence allowance Parental contribution Savings Part-time employment Charities and Trusts

10. Paying back your loan You do not pay until you are earning over £21,000 If your earnings change, your repayments change You start repaying April after graduation Interest is variable and is a lot less than normal loans After 30 years, the balance of loan will be written off

11. How do I apply? Visit the student finance website (www.gov.uk/studentfinance)www.gov.uk/studentfinance Complete the online application You will need to provide evidence of your household income The online process is normally open between: December - May Make sure you apply by the set deadline May 2015 for 2015/16 entry

12. Finding out more Search online for… University of Exeter Student Finance Calculator 2015 Student Loans Company Student Application Demo University scholarships

13. Any question? Contact: Tel: 01392 xxxxxx Xxxxxx @exeter.ac.uk www.exeter.ac.uk Join the Conversation! #ExeterOpen @uniofexeter facebook.com/exeteruni