Finance presentation 2011 2012
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Finance presentation 2011 2012

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Finance presentation 2011 2012 Finance presentation 2011 2012 Presentation Transcript

  • University Finance The essentials you need to know!
  • The main support available
    • Tuition Fees
    • Student Loans
      • Fee Loan
      • Maintenance Loan
    • Maintenance Grant
    • University Bursaries
    • University Scholarships
  • 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
    • Fee Loan
      • To cover the cost of your fees
      • Paid directly to your University
    • Maintenance Loan
      • 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
    • Maintenance Grant
      • Non repayable
      • Up to £2,906 per year for students from low income families to help with the cost of studying
  • Help from Brunel
    • Bursaries 2011/12
      • 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
    • Scholarships 2011/12
      • 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.
      • Music
      • Sport
      • Maths Scholarships
  • 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
  • Applying
    • 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
    • arrive
  • 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
    • Accommodation
      • On campus £300 - £400
      • Off campus £275 - £400
    • Bills £15
    • Mobile Phone £40
    • Food £120
    • Travel £30
    • Books/Equipment £10
    • Clothes £50
    • Hobbies £10
    • Socialising £100
    • TOTAL: £725
  • 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?