Academic excellence for business and the professions
Student Finance 2014/2015
Saturday 29 June 2013
What is Student Finance?
This is the money available to
you from the Government to
help you fund your studies
Tuition fees...
Tuition Fees
Course type Maximum tuition fee
and loan rate
Full-time undergraduate course £9,000
Part-time undergraduate c...
Course materials and expenses
• Books
• Printing, portfolios
• Internet access
• Laptop, printer, scanner
• Specialist equ...
Weekly living expenses
Expense Away from home At home
Accommodation/contribution £186 £35
Food £40 £25
Travel £21 (zones 1...
Maintenance Loan
Where you will live Max loan rate
Away from home, studying in London £7,751
At home £4,418
Study abroad y...
Student loan repayment
•Tuition fee and maintenance loans are combined
•Repayment begins April after graduation
•9% of sal...
Maintenance Grant
Where you are living Maximum
Maintenance
Grant
Maximum
loan
entitlement
Total
funding
Away from home,
st...
Dependent Allowances
Allowance/Grant Amount
Childcare Grant £257.55 max per week
Parents Learning Allowance £1,523 per yea...
Disabled Students’ Allowances (DSAs)
• Mental health conditions and specific learning difficulties
• Additional study rela...
Application process
National Scholarship Programme 2014/15
• £1.2M
• 200+ awards available worth £6,000 each
• Paid as £3,000 tuition fee waiv...
Scholarships
Scholarship Eligibility criteria Amount
Lord Mayor of London
Scholarships for
Academic Excellence
UK/EU
ABB+
...
More scholarships…
• School scholarships
• External sponsors
• Paid towards tuition fees or maintenance costs
• Based on f...
Case study 1
Income Per
academic year
Per
week
Loan £6,058 £155
Grant £3,387 £86
Part-time job £1,870 £48
Total £11,315 £2...
Case study 2
Rachel
Living at home
Weekly
expenses
Amount
Contribution
at home
£30
Food £25
Travel
(zones 1-4)
£31
Course
...
NUS Discounts
Money Management Tips
• Keep a budget
• Find cheaper alternatives
second-hand books, packed lunches, cycle/walk
• Student ...
City University London Hardship Fund
• Discretionary financial assistance
• Financial hardship
• Unexpected financial emer...
Further information
• Student Finance England (SFE)
www.direct.gov.uk/studentfinance
• Online Student Calculator
www.stude...
Questions
fundsservice@city.ac.uk www.city.ac.uk/studentcentre
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Student Finance at City - City University London Undergraduate Open Day 29th June 2013

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Presentation from the Student Finance team at City University London about student finance and funding options for undergraduate students at City. City offers a wide range of scholarships and bursaries - see www.city.ac.uk/study/undergraduate/funding-and-financial-support. Presentation was given as part of the programme of the City University London Undergraduate Open Day on 29th June 2013.

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Student Finance at City - City University London Undergraduate Open Day 29th June 2013

  1. 1. Academic excellence for business and the professions Student Finance 2014/2015 Saturday 29 June 2013
  2. 2. What is Student Finance? This is the money available to you from the Government to help you fund your studies Tuition fees Course materials Living expenses
  3. 3. Tuition Fees Course type Maximum tuition fee and loan rate Full-time undergraduate course £9,000 Part-time undergraduate course £6,750 Foundation course £4,500 • £9,000 for full-time undergraduate courses • Payable by non-means tested tuition fee loan • Available to all UK and EU students • Paid directly to the university
  4. 4. Course materials and expenses • Books • Printing, portfolios • Internet access • Laptop, printer, scanner • Specialist equipment • Study abroad programmes
  5. 5. Weekly living expenses Expense Away from home At home Accommodation/contribution £186 £35 Food £40 £25 Travel £21 (zones 1-2) £30 (zones 1-4) Course materials £7 £7 Mobile £8 £8 Entertainment £15 £25 Miscellaneous £10 £10 Total per week £287 £140
  6. 6. Maintenance Loan Where you will live Max loan rate Away from home, studying in London £7,751 At home £4,418 Study abroad year £6,600 •Towards accommodation, food, travel and course materials •Available to full-time UK Home students •65% non-means tested - up to £5,038 •35% means tested – up to a further £2,713 •Paid at the start of each term
  7. 7. Student loan repayment •Tuition fee and maintenance loans are combined •Repayment begins April after graduation •9% of salary above £21,000 •Interest is charged at 3% plus inflation •All loans written off after 30 years Annual Salary Amount of salary from which 9% will be deducted Monthly repayment £21,000 £0 £0 £25,000 £4,000 £30 £30,000 £9,000 £67.50 £40,000 £19,000 £142.50
  8. 8. Maintenance Grant Where you are living Maximum Maintenance Grant Maximum loan entitlement Total funding Away from home, studying in London £3,387 £6,058 £9,445 At home £3,387 £2,725 £6,112 •Household income ≤ £42,611 •Full grant ≤ £25,000 •Partial grant £25,001 to £42,611 •Loan substitution - Maintenance Grant only •Special Support Grant - students with children and/or disability
  9. 9. Dependent Allowances Allowance/Grant Amount Childcare Grant £257.55 max per week Parents Learning Allowance £1,523 per year Adult Dependants’ Grant £2,668 per year Child Tax Credits Variable (£60 per week)
  10. 10. Disabled Students’ Allowances (DSAs) • Mental health conditions and specific learning difficulties • Additional study related expenses • Needs based • Full and part time students are eligible Allowance type Max amount per year General disabled student allowance £1,741 Specialist equipment allowance £5,212 Non-medical helper's allowance £20,725 Extra travel costs Variable Learning Success Team: specialist support - Disabilities, Dyslexia, Mental Health and Wellbeing, Academic Learning Support
  11. 11. Application process
  12. 12. National Scholarship Programme 2014/15 • £1.2M • 200+ awards available worth £6,000 each • Paid as £3,000 tuition fee waiver and £3,000 student choice • Eligibility criteria: • Home/UK students ordinarily a resident in England; • Household income equal to/less than £16,000; • New undergraduates starting in 2014/15. • Application: • UCAS application • Student Finance application • Consent to Share
  13. 13. Scholarships Scholarship Eligibility criteria Amount Lord Mayor of London Scholarships for Academic Excellence UK/EU ABB+ Up to £3,000 per academic year City Undergraduate Accommodation Bursary New UK/Home 2014/15 In receipt of Maintenance Grant City nominated Halls £2,000 per academic year Sir John Cass's Foundation Lord Mayor's Scholarship Programme UK resident Under 25 years Inner London boroughs Specific subjects Up to £7,000 per academic year
  14. 14. More scholarships… • School scholarships • External sponsors • Paid towards tuition fees or maintenance costs • Based on financial need and/or academic merit • www.city.ac.uk/scholarships
  15. 15. Case study 1 Income Per academic year Per week Loan £6,058 £155 Grant £3,387 £86 Part-time job £1,870 £48 Total £11,315 £289 Weekly expenses Amount Accommodation (Liberty Court) £185 Food £40 Travel (zones 1-2) £21 Course materials £7 Mobile £7 Entertainment £10 Miscellaneous £15 Total £285 Andrew Living in halls
  16. 16. Case study 2 Rachel Living at home Weekly expenses Amount Contribution at home £30 Food £25 Travel (zones 1-4) £31 Course materials £7 Mobile £8 Entertainment £25 Miscellaneous £15 Total £141 Income Per academic year Per week Loan £2,725 £69 Grant £3,387 £86 Total £6,112 £155
  17. 17. NUS Discounts
  18. 18. Money Management Tips • Keep a budget • Find cheaper alternatives second-hand books, packed lunches, cycle/walk • Student bank account with an interest-free overdraft • Find part-time employment • Minimise excessive spending
  19. 19. City University London Hardship Fund • Discretionary financial assistance • Financial hardship • Unexpected financial emergencies • Priority for vulnerable groups • Maximum award around £1,000
  20. 20. Further information • Student Finance England (SFE) www.direct.gov.uk/studentfinance • Online Student Calculator www.studentcalculator.org.uk • Money Advice www.moneysavingexpert.com • Mobile Apps www.play.google.com
  21. 21. Questions fundsservice@city.ac.uk www.city.ac.uk/studentcentre
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