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Student Finance Or How to Enjoy Lentils Malcolm Scott Careers Adviser CXK Ltd


Tuition fees for 2013 Between £6,000 and £9,000 per year. Paid through tuition fee loan


Maintenance Grant 2013 Household Income

Help Available

£25,000 or less

Full £3,354 Grant

Between £25,001 and £42,611

Partial Grant between £3,354 and £50 No Grant

Over £42,611


Maintenance Loans Maximum for Academic Year 2013/2014 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 • To help students whose families' income is £25,000 or less • Each university or college has its own rules about eligibility, what types of awards are available, and is responsible for making awards to students • Directgov provides a portal linking to each institution’s NSP scheme. • Each eligible student will receive a benefit of not less than £3,000


National Scholarships Programme The money available may include: • help with tuition fees • accommodation • a cash bursary of up to £1,000 or other help.


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 fromhome, 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 termtime or vacations Any grant to which the student may be entitled Any scholarship to which the student may be entitled Any income frompart-time employment

Advice Services Manager Kent Union Advice Centre


Further Help: www.bis.gov.uk www.direct.gov.uk/studentfinance www.bestcourse4me.com www.moneysavingexpert.com http://university.which.co.uk www.ucas.com

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