1. Student Funding 2013/14 entrants

2. Aim of presentation: What are the costs of going to university? What support is available to meet these costs? What you need to do to access the support?

3. Tuition Fees 2013/14 Cardiff University will be charging £9,000 pa for all Undergraduate courses from September 2013 Will students have to pay the fees up front?

4. Tuition fee loans are available to all eligible students Covers whole of the tuition fee Not income assessed Paid directly to the university Student repays after they have graduated Students will not have to pay Tuition Fees up-front while they study

5. The New Tuition Fee Grant 2013/14 For those students resident in Wales before the start of their course: Tuition Fees in 2013/14 are £9000 Tuition Fee Loan available up to £3575 New Tuition Fee Grant to cover remaining fees of £5425 Paid by the Welsh Government These students can study anywhere in the UK and receive the tuition fee grant Does not depend on household income Is non-repayable as it is a grant

6. Financial support to help students with their living costs Types of funding: Amount available depends on household income Assessed on tax year 2011/12 Paid to the student in 3 instalments during the academic year Resident in Wales before start of the course Resident in England before start of the course Maintenance Loan Assembly Learning Grant Maintenance Grant

7. Students who normally live in Wales ( 13-14 figures) Household Income Assembly Learning Grant – Max grant £5,161 Maintenance Loan – Max loan £5,150 Total each year Up to £18,370£5,161£2,575£7,736 £25,000£3,347£3,477£6,824 £34,000£1,142£4,579£5,721 £50,753£0£5,150£5,125 £57,188+£0£3,863£3,863 non means tested 75% of max

8. Students who normally live in England ( 13-14 figures) Household Income Maintenance Grant – Max grant £3354 Maintenance Loan – Max loan £5500* Total Each year Up to £25,000£3354£3823£7177 £35,000£1478£4761£6239 £42,875£0£5500£5288 £62,500+£0£3575£3575* non means tested 62% of max

9. Repayments Tuition fee & maintenance loan repaid together Repayment is linked to earnings not how much they have borrowed RPI + up to 3% max Repay 9% of income over £21,000 (Wales - £1500 written off maintenance loan debt at repayment) The amount of monthly repayment will be the same no matter how much is borrowed

10. IncomeMinimum monthly repayments Up to £21,000Nil £25,000£30.00 £30,000£67.50 £35,000£105.00 £40,000£142.50 Repayment calculator

11. Will taking out a Student Loan affect credit rating and taking out a mortgage? Student Loans not commercial loans Not noted on credit report so should not affect credit rating. Unlikely to affect ability to get a mortgage Mortgage Calculations should relate to disposable income New system graduates have higher disposable income than current system

12. Additional funding Non Income assessed - Disabled Students Allowances to help with extra costs of studying related to disability or dyslexia Income assessed - Allowances if you have children Child Care Allowance Adult Dependents Grant Awards are in the form of a grant & do not have to be re-paid

13. Students have to apply for funding each year of their course English domicile Welsh domicile PN1 Form Download form or apply on line www.gov.uk/studentfinancewww.studentfinancewales.co.uk Applications open February deadline for new students May 2013. Applications available February deadline for new students 19 th April 2013.

14. Cardiff University Bursaries – 2012/13 Depends on household income Must be eligible for UK statutory funding Assessed with statutory funding application, so no need to apply separately. For more information, please see: http://www.cardiff.ac.uk/for/prospective/ug/scholarships * Based on student funding for non-final yr student, living away from home. Please note these figures are bursaries on offer for 12-13 entrants. Please check the web from summer 2013 onwards for details for 13-14 entrants Household IncomeCardiff University Bursary Under £30,000 Top up statutory support* to £7500 £30,001 - £42,600 Top up statutory support* to £6750

15. Bursary example Based on the household income of a Welsh domiciled student at £29,990 Loan payment: £2,033 Grant payment: £3,526 Total payment: £5,559 Cardiff University Bursary = £7,500 - £5,559 = £1,941

16. Additional Grants Communities First Award –Students from a Communities First Area and household income under £42,600 –Either £1000 discount in residence fees or £500 travel grant Care Leaver Bursary –£1000 in 1 st yr, £750 in subsequent yrs and £500 in final term Next Step Bursary –£1000 in 1 st yr - household income under £42, 600 and already part of the University Step Up Programme

17. Scholarships (12-13) £3,000 over length of course - grades AAA at A-level (or equivalent) and satisfy all aspects of their offer. must have accepted the offer on a firm basis by end July Archaeology, Biosciences (Ecology, Genetics, Microbiology, Molecular Biology, Zoology) Chemistry, Computer Science, Earth and Ocean Sciences, Engineering (Integrated Engineering, Electronic & Communications Engineering, Electrical & Electronic Engineering, Computer Systems Engineering, Medical Engineering) German, Italian, Physics, Welsh. Keep updated

18. Useful web addresses www.gov.uk/studentfinance www.studentfinancewales.co.uk www.delni.gov.uk/studentfinance www.saas.gov.uk Check for updates on student funding and apply online

19. Initiative with the aim to improve students financial capability Cardiff University Student Support iApp National Student Money Week (NSMW) Budgeting Sessions Workshops – Money saving, credit and debt Themed events in the SU

20. Budget Weekly costs Halls (incl bills)£87 Food £33 Toiletries/laundry £5 Books/copying £8.75 Travel (inc. travel home) £9 Phone, T.V, Insurance £8.50 Social/leisure £30 Clothes £7.50 Total £188.75

21. Maximising income Part time work Choosing the right bank account Rail cards BOGOF offers Student discount in shops, cinemas & pubs Buy Second hand books

22. Keep updated www.cf.ac.uk Current students Student support

23. Contact us 50 Park Place, Cathays Park Campus 029 2087 4844 2 nd Floor, Cardigan House, Heath Park Campus 029 2074 2070 studentsupportcentre@cardiff.ac.uk www.cardiff.ac.uk/studentsupport