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

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 ...

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

    • 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 Course materials Living expenses
    • 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
    • Course materials and expenses • Books • Printing, portfolios • Internet access • Laptop, printer, scanner • Specialist equipment • Study abroad programmes
    • 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
    • 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
    • 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
    • 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
    • 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)
    • 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
    • Application process
    • 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
    • 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
    • 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
    • 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
    • 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
    • NUS Discounts
    • 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
    • City University London Hardship Fund • Discretionary financial assistance • Financial hardship • Unexpected financial emergencies • Priority for vulnerable groups • Maximum award around £1,000
    • 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
    • Questions fundsservice@city.ac.uk www.city.ac.uk/studentcentre