University Finance The essentials you need to know!
The main support available
Tuition Fees 2011/12
Variable fees from £0 to £3,375 per year
Most Universities are charging the full fee of £3,375.
No upfront fee to pay
Fees can be paid by a Fee Loan that is repaid after graduation
Student Loans 2011/12
To cover the cost of your fees
Paid directly to your University
To cover your day to day living costs
The amount you get is means tested on your parents/household income
Paid in three instalments in September, January and April into your bank account
Maintenance Loan 2011/12 All eligible students can apply for a Maintenance Loan The amount you receive is means tested on your parents/household income *Maintenance Loan will be reduced by 50p for every £1 of Maintenance Grant received (up to a max £1,453) making the maximum loan for some students £5,475 Max annual loan* Min annual loan In London £6,928 £4,988 Outside of London £4,950 £3,564 Living at home £3,838 £2,763
How do I repay my Loans?
Through the tax system once you have graduated
Only start paying once you earn over £15,000. As an example if you earn:
£17,000 repay £15 per month
£22,000 repay £52 per month
The Government will write off any Student Loans that are left unpaid after 25 years
Maintenance Grant 2011/12
Up to £2,906 per year for students from low income families to help with the cost of studying
Help from Brunel
Full Maintenance Grant will receive a Brunel Bursary of £1,000 per year
Partial Maintenance Grant will receive a Brunel Bursary of £500 per year
Up to 5 Brunel Alumni Scholarships of £6,000 per year for students who attend a partnership school/college
Up to 25 Regional Partnership Scholarships of up to £3,000 per year for students who attend a partnership school/college.
Financial help income levels 2011/2012
Student studying in London
Gross Income (£) Maintenance Grant (£) Maintenance Loan (£) Brunel Bursary (£) Total annual Grant, Loan and Bursary (£) 25,000 or less 2,906 5,475 1,000 9,381 35,000 1,040 6,408 500 7,948 50,020 50 6,903 0 6,953 60,478 plus 0 4,988 0 4,988
For Government Loans and Grants apply online www.direct.gov.uk/studentfinance from 16th March 2011.
Deadline for applying: 31 st May 2011
At Brunel, Bursaries are confirmed when we have your Maintenance Grant details
At Brunel, Scholarships will be confirmed when you have your results
Take extra money for the start of term
Open a student bank account before you
Surviving Financially at University Maintenance Loan and Grant University Bursary and Scholarship Personal Savings and Parental Contribution Part-time Work Sandwich Courses Student Bank Account
Monthly Student Expenditure London Area
On campus £300 - £400
Off campus £275 - £400
Mobile Phone £40
Thank you for your time Funding Enquiries Tel: 01895 267267 www.brunel.ac.uk/courses/undergraduate-study/fees http://www.brunel.ac.uk/brunelpod Any questions?