Student Finance Or How to Enjoy Lentils Malcolm Scott Connexions Kent
Tuition fees for 2012 Up to £6,000 per year. Up to £9,000 per year in ‘exceptional circumstances’ for universities with access and retention agreements for students from disadvantaged backgrounds.
Paid through tuition fee loan
Tuition fees for 2012 Up to £6,000 per year. Up to £9,000 per year in ‘exceptional circumstances’ for universities with access and retention agreements for students from disadvantaged backgrounds.
Paid through tuition fee loan
Maintenance Grant 2012 Household Income
Help Available
£25,000 or less
Full £3,250 Grant
Between £25,000 and £42,600
Partial Grant between £3,250 and £50
Over £42,600
No Grant
Maintenance Loans Maximum for Academic Year 2012/2013 London
£7,675
Elsewhere
£5,500
Home
£4,375
35% of loan is means tested once household income exceeds £45,000. First £1400 of maintenance grant replaces loan.
National Scholarships Programme
• English universities will be responsible for making awards to students. • Institutions will decide their own eligibility criteria, based on targeting guidance and their own circumstances. • UCAS will provide a portal linking to each institution’s NSP scheme. • Each eligible student will receive a benefit of not less than £3,000 • No one with a declared income over £25k will be eligible but receipt of a full grant does not represent an entitlement to NSP.
National Scholarships Programme Institutions may offer one or more of the following: • a fee waiver or discount • a free foundation year where leading to progression to a professional career via a course with high entry requirements • discounted accommodation or other similar institutional service • a financial scholarship/bursary – capped as a cash award at £1,000.
National Health Service bursaries for health professional courses Audiology
Operating Department Practice
Podiatry
Orthoptics
Dental Hygiene & Therapy Physiotherapy Dietetics
Prosthetics & Orthotics
Nursing
Radiography
Midwifery
Social Work
Occupational Therapy
Speech & Language Therapy
Loan Repayments Annual Income
Monthly Repayment
£21,000
£0
£25,000
£30
£27,000
£45
Interest rate linked to Retail Price Index
Interest Rates Annual Income
Interest Rate
£21,000
‘no real rate’
£21,000-£41,000
‘tapered increase’
Over £41,000
‘maximum of RPI plus 3%’
Maximum rate applies while studying Repayments collected by HMRC through PAYE
UNDERGRADUATE STUDENT FINANCE 2012 (Single, living away from home, 30 teaching weeks in Academic year, accommodation on campus required for 31 or 39 weeks dependant on whether catered or self catered and including Christmas and Easter vacations)
INCOME Annual Total (Student Loan to cover 39 wks) £5,500.00 Weekly Income
£141.00
ESTIMATED EXPENDITURE (per week) Rent Mobile Phone (pay as you go) Food, laundry, personal items(average) Books, equipment and other materials Clothes (average for renewals) Social Activities Allowance for unexpected costs Total estimated expenditure
£95.00 £10.00 £45.00 £ 9.00 £ 5.00 £15.00 £ 5.00
£184.00 per week for 39 weeks
UNDERGRADUATE STUDENT FINANCE 2012 (Single, living away from home, 30 teaching weeks in Academic year, accommodation on campus required for 31 or 39 weeks dependant on whether catered or self catered and including Christmas and Easter vacations)
INCOME Annual Total (Student Loan to cover 39 wks) £5,500.00 Weekly Income
£141.00
ESTIMATED EXPENDITURE (per week) Rent Mobile Phone (pay as you go) Food, laundry, personal items(average) Books, equipment and other materials Clothes (average for renewals) Social Activities Allowance for unexpected costs Total estimated expenditure
£95.00 £10.00 £45.00 £ 9.00 £ 5.00 £15.00 £ 5.00
£184.00 per week for 39 weeks
Total for 39 weeks
£7,176
The figures do not include: Travel costs to return home during term time or vacations Any grant to which the student may be entitled Any scholarship to which the student may be entitled Any income from part-time employment
Advice Services Manager Kent Union Advice Centre
Further Help:
www.bis.gov.uk www.direct.gov.uk/studentfinance www.bestcourse4me.com www.ucas.com www.connexionskentandmedway. co.uk www.moneysavingexpert.com