1. slide 1 Student Finance and Budgeting

2. slide 2 Student Finance - Overview Student Finance Tuition Tuition Fee Loan Maintenance Maintenance Loan Maintenance Grants Bursaries

3. slide 3 Useful websites www.studentfinanceengland.co.uk For extensive information about fees, loans and government grants, including an eligibility calculator www.studentloanrepayment.co.uk For information about repaying student and tuition fee loans www.direct.gov.uk/childatuni Parents’ guide to student finance at university www.essex.ac.uk/studentfinance Information about fees and bursaries at the University of Essex

4. slide 4 Tuition fee loans Students have a choice: to pay the fee themselves or to use a fee loan through Student Finance England The loan is paid directly to the university Fee loans don’t have to be repaid until the student is earning more than £21,000 gross per annum All full-time undergraduate students are eligible for the fee loan

5. slide 5 Student bank accounts Banks love students Incentives for students to join But don’t rely on the overdraft facility! Take advantage of the offers and freebies …except credit cards!

6. slide 6 Part-time jobs Most universities will have a ‘job shop’ on campus to help students find work. Holiday work: current part-time jobs may be useful in vacation time! Casual/odd jobs are good if you can’t fit work around your studies 80% of students work in term time and/or holidays

7. slide 7 Money saving tips Try to start saving now! Don’t buy everything before you go Consider buying things second hand Do you really need an en-suite bathroom? Take some extra cash for the first few weeks Don’t take a car or a credit card Use student discount cards and railcards Make friends with people who can cook! Don’t view overdraft facilities as free money Employers look favourably on students who had part-time jobs…