1. Student Finance for full time undergraduates starting in September 2014 Student Services

2. Student Finance Tuition Fees Tuition Fee Loans Grants for living costs Loans for living costs Additional grants National Scholarship Programme Repayment terms on loans Top tips

3. Tuition Fees Institutions can charge up to £9,000 for the year in 2014/15 BCU proposes three separate fee bands of £7,500, £8,200 and £9,000 per annum for full time undergraduate degree courses HND’s and Foundation Degrees will be charged at £6,000

4. Tuition Fee Loans You don’t have to pay for your course upfront Tuition Fee Loan available Apply through Student Finance England Must meet the residential & previous study requirements Interest rate 3% plus inflation Salary threshold £21,000 Written off after 30 years

5. Grants for living costs Maintenance Grants and Loans available for living costs Maximum maintenance grant available of up to £3,387 if household income is less than £25,000 Partial maintenance grant available if household income is between £25,000 and £42,600 Alternative special support grant of up to £3,387, for those eligible for means tested benefits, such as some single parents.

6. Loans for living costs Loan for living costs available in addition to the Tuition Fee Loan Maximum amounts living in parental home - £4,418 living away from parental home - £5,555 65% is an automatic entitlement 35% is means tested on your household income

7. Examples Household Income Maintenance Grant Student Loan Total £25,000£3,387£3,862£7,249 £30,000£2,441£4,335£6,776 £35,000£1,494£4,808£6,302 £40,000£547£5,282£5,829 £45,000£0£5,341 £50,000£0£4,836 £55,000£0£4,331 £60,000£0£3,826 Over £62,215£0£3,610

8. Additional Grants Adult Dependants’ Grant - up to £2,668 Childcare Grant - up to 85% of costs Parents’ Learning Allowance - up to £1,523 Disabled Students’ Allowance specialist equipment - up to £5,212 for course non-medical helper - up to £20,725 per year other disability related - up to £1,741 per year

9. National Scholarship Programme We will also be offering National Scholarships to over 664 students from the lowest income backgrounds who demonstrate excellence in academic achievement, performance or potential and Have given firm acceptance of a conditional or unconditional offer by June 2014. Available to Home and EU students

10. National Scholarship Programme These will be worth £3,000 each and will be awarded as a fee waiver to first year students. Eligible part time students will receive a pro rata fee waiver. A fee waiver of £1,250 in year 2 A cash award of £1,000 in year 3 Further details will be available later in the year.

11. Repayment terms on loans Loans are repayable from the April after graduation and earnings are above £21,000. From the April after you leave university if you are earning below £21,000, interest will reduce to just the rate of inflation Graduates earning between £21,000 and £41,000 will be charged interest at the full rate of inflation plus interest of up to 3 per cent. Graduates earning above £41,000, will be charged interest at the full rate of inflation plus 3 per cent.

12. Repayment Examples Annual Earnings Annual Repayment Weekly Repayment Monthly Repayment £15,000Nothing £16,000Nothing £21,000Nothing £22,000£90£1.73£7.50 £30,000£810£15.58£67.50 £40,000£1,710£32.88£142.50 £50,000£2,610£50.19£217.50

13. Top tips Explore all funding you are eligible for Apply in plenty of time www.direct.gov.uk/studentfinance Think about part time work Prepare a budget plan http://www.bcu.ac.uk/studentcalculator

14. Telephone: 0121 331 5588 Email: student.services@bcu.ac.ukstudent.services@bcu.ac.uk Ask Us Service: www.bcu.ac.uk/askus Web: www.bcu.ac.uk/studentservices www.facebook.com/bcussv www.twitter.com/bcussv We have dedicated staff who can help you with: Budgeting Money Management Debt Counselling Alternative sources of funding Access to Learning Fund Student Services