1. Student Funding arrangements for 2012/13

2. ● Tuition Fees and Tuition Fee Loans ● Living Costs Loans and Grants ● Bursaries / National Scholarship Programme

3. Tuition Costs Tuition fees are different at each University, usually between £6,000 - £9,000 per year. Fees will rise each year in line with inflation. University of Portsmouth£8,500 University of Southampton £9,000 Winchester University £8,500 University of Surrey £9,000

4. Tuition Fee Loan Tuition fees do not have to be paid upfront. Eligible Home (UK) and EU students can apply for a loan to cover these costs, whether they study part or full time. Eligibility depends on residency status in the UK, and any previous study students may have done (either in the UK or elsewhere). Loans are repaid after graduation, depending on income.

5. Living Costs Loans Loans for living costs will be available for all eligible English full-time students. Loans are partially income assessed. Repayment terms are the same as the Tuition Fee Loan. Different support for living costs will be available to students from Scotland, Wales and Northern Ireland. Living arrangementMaximum Loan Living in parental home £4,375 Living away from home and studying elsewhere £5,500 Living away from home and studying in London £7,675

6. Living Costs Grant ● An income assessed grant for living costs will be available for all eligible English full-time students. ● If you receive a grant you will receive a lower rate of living cost loan Household IncomeLiving Cost Grant Up to £25,000£3,250 From £25,001 - £42,600 Partial grant £42,600+No grant payable

7. National Scholarship Programme For students from low-income households Scholarships will be worth at least £3,000 and given to students in the form of tuition fee discounts and other benefits. Each university will design its own scholarship scheme so you’ll need to check to see what the university you’re interested in attending is offering. Institutions may have a limited number of scholarships available and may apply additional eligibility criteria.

8. University of Portsmouth Bursary Household Income Tuition Fee Discount Living Cost Bursary £25,000 or less£2,000 in first year of study only £1,000 each year From £25,001 - £32,000 -£1,000 each year From £32,001 - £42,600 -£500 each year Over £42,600-- For full-time, English students Numbers are not limited

9. Basic Student Support 2012/13 Summary Students living away from home studying at Portsmouth * Due to Tuition Costs discount in first year, £8,500 in all other years

10. Studying outside England Wales o Tuition fees up to £9,000 depending on institution (loan available) o Living costs loan and grant available from SFE (if eligible) o Institutional support / bursaries unlikely Scotland o Tuition fees up to £9,000 depending on institution (loan available) o Living costs loan and grant available from SFE (if eligible) o Institutional support / bursaries unlikely Northern Ireland o Tuition fees up to £9,000 depending on institution (loan available) o Living costs loan and grant available from SFE (if eligible) o Institutional support / bursaries unlikely

11. Studying outside England Other EU countries o Tuition fees that match students from that country – i.e. if no fee charged to them, no fee charged to UK student o No living costs support from either country Rest of the world (US, Australia...) o No support at all for fees or living costs

12. Additional Support Disabled Student’s Allowance – helps with costs associated with disabilities or learning difficulties. - up to £20,520 for a non-medical helper - up to £5,161 for equipment - up to £1,724 for general costs Parent’s Learning Allowance – for students with children, up to £1,508 Childcare Grant – can cover up to 85% of childcare costs. Adult Dependents Grant – for students with an adult child or partner who is wholly financially dependent on them, up to £2,642

13. Assessed household income Students under 25 years old are classed as DEPENDENT The income of both parents will be used for the assessment (10/11 tax year) If parents have separated, the income of the parent that the student ordinarily resides with will be used If that parent lives with a partner then their income will also be included.

14. Assessed household income Students over 25 years old are classed as INDEPENDENT The income of any spouse or co-habiting partner will be used (10/11 tax year) If a student is under 25 years old but - is married, or - has a dependent child / children, or - is permanently estranged from their parents, then they will also be treated as independent.

15. Additional Support Access to Learning Fund University support funds Additional Bursaries for Care leavers and Foyer residents Help with medical costs by filling in an HC1 form from the NHS

16. NHS funded courses BSc Radiography BSc Dental Hygiene & Therapy DipHE Operating Department Practice CertHe Dental Nursing Tuition fees will be paid by the NHS Students can apply for: A Living Costs Loan of £2,324 A non-means tested NHS Grant of £1,000 A means tested NHS bursary of up to £4,395 – depending on household income and number of weeks studied.

17. Case study: Josh Studies History Household income of £24,000 Tuition LoanLiving Costs Loan Living Costs Grant UoP BursaryTotal for living costs Year One£6,500£3,875£3,250£1,000£8,125 Year Two£8,500£3,875£3,250£1,000£8,125 Year Three£8,500£3,875£3,250£1,000£8,125 Both fees and living costs support may rise in line with inflation but no figures are available yet. For details see handouts

18. Case study: Paul Studies Business Studies with a placement year Household income of £45,000 Tuition LoanLiving Costs Loan Living Costs Grant UoP BursaryTotal for living costs Year One£8,500£5,288-- Year Two£8,500£5,288-- Year Three (Placement) £850---- Year Four£8,500£5,288-- Both fees and living costs support may rise in line with inflation but no figures are available yet. For details see handouts No living costs support for placement years has been confirmed yet but reduced loans have been available in the past, and some students receive a salary from the placement.

19. Estimated weekly living costs based on current costs Halls of residence£75 - £119 Private accommodation£70 - £75 Food and housekeeping£30 - £35 Utility bills£10 - £15 Other variable costs include: Travel£5 - £10 Phone£5 - £10 Contents insurance£2- £3 Books and study equipment£350 (average per year) TV Licence£145.50 (per year) Social and leisure costs£25 - £35 You will also need to pay towards your accommodation before you get your student funding paid. This could be £200 advance rent for a room in halls, or a deposit plus possible fees for a room in a shared house, so try and save over the summer

20. When and how to apply Apply online at www.direct.gov.uk/studentfinance Or, fill in a paper application form, available on-line or from Student Finance England – 0845 300 50 90 Recommended application deadline is likely to be 31 May 2012

21. Loan Repayments Loan repayments start the April after the student has left the course, only if they are earning over £21,000. Graduates repay 9% of their income over £21,000. Any outstanding balance is written off 30 years after entering repayment. Interest rate will vary depending on earnings, between RPI and RPI+3%.

22. Loan Repayments Repayment examples: Earnings up to £21,000 – no repayments Earnings £25,000 = £30 per month Earnings £30,000 = £67.50 per month Repayments are only based on graduates income (and are taken directly from salary) Interest charges will vary based on income level – maximum = RPI + 3%

23. Case study: Josh Josh starts work as an Administrator in London on a starting salary of £25,000 His take home pay is £1,613.50 a month His initial repayments are £30 a month He receives an annual pay rise of 3% 29 years after graduation his salary is £58,914 and his monthly repayments are £284 After 30 years his outstanding balance is written off The total Josh has repaid is £50,345 The total Josh borrowed was £47,500.

24. Case study: Paul Paul starts work at a salary of £19,000 so he does not make repayments initially. After 4 years his salary has risen to £21,320 so he starts to make monthly payments at £2.40 a month. After 6 years he gets a new unpaid job a charity, so his repayments stop. He goes back to paid employment 17 years after graduation, on a part-time basis. He earns £10,508 a year initially, so still does not have to make any repayments. When Paul is 42 he starts working full-time again, with a salary of £21,653, making his repayments £4.90 a month. After 30 years his outstanding balance is written off. The total Paul has repaid is £3,701 The total Paul borrowed was £42,214.

25. Further information www.direct.gov.uk/studentfinance www.yourfuture.direct.gov.uk www.direct.gov.uk/studentfinancecalculator www.bis.gov.uk/studentfinance

26. Getting in touch Drop in: Second Floor, Nuffield Centre, St Michael’s Road Phone:(023) 9284 3014 Email us:student.finance@port.ac.uk Web:www.port.ac.uk/money

27. Any Questions?