1. Money to Study Sue Garrett Admissions and Student Funding Adviser

2. What are the main costs at University? Tuition fees Books and course extras Accommodation (rent and bills) Food Insurance Travel Social life Clothes Telephone

3. Specific Living Costs These vary according to: Where you study Length and type of course Year of study Type of accommodation Placements Any additional needs e.g.dyslexia software

4. Planning a budget Plan a budget for First and Insurance choice university Make use of University open days. Remember, wherever a student goes will be ‘home’ for 3-4 years or more. Visit more than once Check part time work opportunities

5. Work out the real costs Research the costs in advance e.g. Accommodation - University and Privately rented Course costs – ask at the department or on open days for costs of course material, books, field trips etc Check University web sites for their living cost guides

6. How much will I need? Rent – Academic Yr2,964.00 Food @ £30 per week1,140.00 Personal Toiletries @ £17 per month153.00 Laundry & Housekeeping @ £21 per month189.00 Clothes @ £30 per month *270.00 Travel, local & outside of Bath431.00 Leisure/Social/Sport @ £30 per week1,140.00 TV licence140.00 Telephone/mobile431.00 Health Costs (e.g. Contact lenses, Dentist, Prescriptions)125.00 Books, photocopying, materials & equipment **300.00 Contents Insurance (£3,000 belongings & £1,000 laptop)105.00 Emergencies100.00 Other? Total £7,488.00

7. Tuition Fees Most Universities are charging tuition fees of £3225 in 2009 (Scotland has lower fees but courses usually longer) Inflationary increase each year Fees do not have to be paid upfront All “home” UK students qualify for a Fee loan to fully cover their full tuition fees regardless of family income The Student Loan Company pays the fee loan direct to the University

8. What funding is available? 2009 Government Student support includes:- Fee loan Maintenance loan (usually up to £4745 ) Maintenance Grant of up to £2906 for students from families on incomes of up to £60000 Students currently eligible for max EMA will be guaranteed the max maintenance grant Disabled Students Allowance DSA (up to £20000 to cover extra costs) for students with dyslexia or a disability/chronic illness

9. Known as the Student loan 75% non means-tested, so available to all Higher rate loan for London - max £6643 Lower rate for living at home - max £3673 Elsewhere living away - max £4745 (min £3559 non-means tested) Paid directly to the student in three instalments (along with any maintenance grant) Maintenance Loan

10. Maintenance Grant 2009 Max Grant of £2906 in 2009 pa for students whose family income is less than £25000 Students eligible for max EMA will be guaranteed the max maintenance grant Partial Grant for students whose family income is less than around £60000 e.g. Grant of around £1000 pa where family income is £40000 Grant is intended for living costs not for fees, paid directly into students bank account

11. 2009 Entitlement guide Family Household Income £25000£30000£40000£50000£61000 Maintenance Loan Full year (not London) £3453 £3722£4207£4745 Maintenance Grant £2906£2053£1023£538£0 Total£6359£5506£4745

12. Applying for Student Support From September prior to starting university in line with UCAS application Centralised On line application at Student Finance England (linked from UCAS) www.studentfinanceengland.co.uk Full info and links also at www.direct.gov.uk For 2010 student entry joint UCAS and student finance application planned UCAS application information can be transferred directly into your Student Finance application

13. My Fact Find New online joint UCAS and Student Finance search option Use My Fact Find when searching for courses Gives full Government Financial Support quote for each specific course, plus any University Bursaries Also has a budget planner Can track this as you make choices and accept an offer on My Application and My Offer

16. What you need to apply National Insurance number essential Proof of ID essential (e.g. passport) Family income details if applying for means tested support (this will determine how much loan you receive and whether you also get a Maintenance grant) Information collected/verified from central data bases (e.g. tax office, passport office)

18. Courses with additional funding Social Work Up to £4,575 or if London £4,975 (2007 rates) Apply via http://www.ppa.org.uk/ppa/swb.htm NHS courses Must be accepted on a NHS funded place Courses include Nursing, Physiotherapy, Radiography, Dental Health Students studying Medicine or Dentistry can receive bursaries in their latter stages of their course See www.nhsstudentgrants.co.uk

19. How do student loans work? Two loans – one for tuition fees and one for living costs NI number essential for loans to be paid Interest charged is reviewed each year, but is lower than commercial rates Interest starts accruing as soon as the first instalment is paid Both loans are usually repaid through salary – like a tax after

20. Repaying Student Loans Repayments collected once a student is earning more than £15,000 a year Min repayments based on earnings not level of loan e.g. earnings at £18,000 pay back £5.19 a week Payments stop if earnings stop or drop below £15,000 New 5 year repayment holiday option from 2012 Can opt to repay more than the minimum or make additional repayments

21. Repayment of loans Gross salary Weekly incomeWeekly repayments £10,000£192£0.00 £15,000£288£0.00 £16,000£308£1.73 £17,000£327£3.46 £18,000£346£5.19 £19,000£365£6.92 £20,000£385£8.65 £25,000£481£17.31 £30,000£577£25.96

23. University Bursaries All universities must offer minimum £319 bursary to students from lowest income families ( many currently offer £1000 plus) Payable for all each year of study Although bursaries are income related some universities also offer enhanced levels of bursaries for local students

24. Bath Bursary 2008 Household Income Bath Bursary per year £25,000 & below£1,200.00 £25,001 - £30,000£900.00 £30,001 - £35,000£600.00 £35,001 - £50,000£300.00

25. Bursary search www.ucas.com My Fact Find facility by code or subject gives bursary and scholarship details Quick search for University bursaries use www.bursarymap.direct.gov.uk/

26. Public services all in one place The information on this page is shown using flash. Click to view text-only versionClick to view text-only version U s i n g t h e m a p Click anywhere on a region to show all the Universities and colleges in that area. Roll the mouse over each institution to display its name and click if you wish to view it. Clicking on the institution takes you to that institution's own bursary information page on their website (a new window will be opened). Please note that only Universities and colleges in England are covered. Text-only version Information on Open University bursaries Report a broken link Please note, those students paying the full tuition fee of £3,070 and entitled to the full maintenance grant of £2,765 will get a minimum bursary of £305. This list of universities and colleges is sourced from the OFFA website. The Department for Education and Skills is not responsible for the content of external sites. Directgov © Crown Copyright 2007 Disclaimer and Privacy

27. What is the difference between a Scholarship and a Bursary? Scholarships – usually awarded on academic merit but can also be for Sporting or Musical excellence Bursaries – more likely to be income related but may have additional criteria University funded awards are more likely to conform to these definitions Charitable Trust awards often have narrow and highly specific criteria

30. Student budget-boosters Compare banks student account deals Part time and vacation work see University web pages or www.justjobs4students.co.uk A University bursary or scholarship Make the most of student discounts with NUS card Buy second hand books Shop around for deals on mobiles phones Find cheap supermarkets

31. Planning ahead Plan a university budget as a family before registration at University Set a budget and stick to it! Search for Scholarships and Bursaries You must have your own bank account and National Insurance number Apply for funding in good time

32. Good Luck!