7/7/2011 Student Services Student Financial Support
7 July 2011 Student Services Student Financial Support Team Welcome to Edge Hill University from TheMoney Doctors We are here to; Translate financial regulations & changes to government funding into easily understandable and accessible formats Keep abreast of any changes so that we can keep students, parents and staff fully informed Administer Access to Learning Fund and Short-term loans Advise on benefits available to individual groups of students. Refer students to other agencies
Where We Are Based The Student Financial Support Team are based in the Student information Centre, Ormskirk Campus and appointments with the Finance and Welfare Rights Advisers can be made at the Information Desk or over the telephone. The Student Information Centre is open during term-time between 8.30am -7.30pm Monday to Thursday and 8.30 – 5.00pm Friday. The Centre closes at 5.00pm in the vacations. 7/7/2011 Student Services
What will my financial package be as a FT student in 2011? Fee loan Maintenance loan Grants for eligible students Edge Hill Bursary for eligible students Scholarship for successful applicants Government benefits for eligible students 7/7/2011 Student Services
Finance Arrangements All assessment for fee loans, maintenance grants and maintenance loans are made online at www.direct.gov.uk/studentfinance Early application is advised to ensure funding is available at start of term. Assessment based on household income. Payments are made via the Student Loan Company. 7/7/2011 Student Services
7/7/2011 Student Services Tuition Fees Full-Time Students Annual fees for new FT students commencing courses in 2011; £3,375 pa for full time Foundation Degree students Choice of Payment Methods Direct to the University ( standing order, cheque, debit & credit card ) Via Tuition Fee Loan (Student Loan Company pays the University, student pays back after graduation)
7/7/2011 Student Services Maintenance loans Designed to assist with living costs such as food, accommodation and travel
7/7/2011 Student Services Maintenance Grants or Special Support Grant Non –repayable Dependant on household income If household income is less than £25,000 they you may qualify for the full grant of £2,906(subject to previous study rules) If household income is between £25,001 and £50,020 you may qualify for part of the grant If are eligible for a Maintenance Grant, then the amount you can borrow through a Maintenance loan will be reduced This means that if you come from a lower income household, you’ll have a smaller loan to repay when you finish studying and start work Range of additional benefits for those with disabilities, dependant children or an adult dependant.
Payback Time! Loans have to be repaid Won’t have to start repaying until the April after you have finished your course. Only start repayments when earning over £15,000pa Monthly payments calculated on how much you earn, not how much you owe 7/7/2011 Student Services
Council Tax Exemption Full time students are classed as being ‘invisible’ for council tax purposes. If you are the only adult living in the house then you should become exempt for council tax purposes If you live with another adult then you may qualify for a 25% reduction If there are two or more adults then no reduction will be made 7/7/2011 Student Services
7/7/2011 Student Services Tuition Fees 11/12 Annual Fees: Up to £1,345 pa for part time courses Choice of payment methods: Direct to University (standing order, cheque, debit & credit card) Via Fee Grant for eligible students
PT Funding Students commencing PT courses from 2011 may be eligible for the part time student support package from SFE The course intensity must be at least 50% of an equivalent full time course Students will be assessed for a course grant and a fee grant but no help with living costs The amount of fee grant a student may be entitled to receive will depend on the intensity of study and household income Students can only apply for this support once registered on a course None of this support is repayable 7/7/2011 Student Services
Application process… Apply to Student Finance England (SFE) for assessment Download form PTG1- www.direct.gov.uk/studnetfinance Edge Hill will need to stamp the form to confirm you are on the course Send proof of your yours and partners income, if relevant, with your application Application needs to be made within 6 months
Automatic Entitlement Students will receive the maximum course grant and fee grant if in receipt of any of the following benefits
Supporting Living Costs 2012 2012 Maintenance Loans Living away from parental home & studying in London £7,675 Living away from parental home & studying outside London £5,500 Living at your parent’s home £4,375 20
Supporting Living Costs 2012 2012 Maintenance Grants & Special Support Grants Students with a household income of £42,600 or less will be assessed for a non repayable grant Worth up to £3,250 if your household income is less than £25,000 Partial grants if your household income is less than £42,600 21
Loan repayments 2012 Students start to repay loans in the April after they have graduated, when they are earning over £21,000 pa Repayments calculated at 9% of any income over £21,000 Any outstanding loan amount will be written off after 30 years.
Additional Support Disabled Students Allowances Child Care Grant Parents Learning Allowance Adult Dependant Grant Access to Learning Funds 7/7/2011 Student Services
Part-Time Study 2012 Tuition Fee Loan Not means-tested Limits on part-time tuition costs Loan Repayments Additional Support 7/7/2011 Student Services
NSP 2012 Government Contribution Match Funding Not less than £3,000 in tuition discounts & other benefits Full implementation 2014-15 7/7/2011 Student Services
7 July 2011 Student Services RED ALERT… Interactive budget sheet How much income will I have? How much will I spend? Let’s now use RED ALERT to see if you will be in the red or in the black at the end of the year!
7/7/2011 Student Services USEFUL SOURCES OF INFORMATION AND ADVICE Student Financial Support Team at Edge Hill The following websites: www.edgehill.ac.uk www.direct.gov.uk/studentfinance www.tda.gov.uk/Recruit
7/7/2011 Student Services Student Financial Support Team Student Financial Support Team 01695 584452 firstname.lastname@example.org Finance and Welfare Rights Advisors Shahida Ahmed 01695 584502 Janice Barnes 01695584186 Helen Long 01695 584186
Any Questions? Thank you for Listening and enjoy your course 7/7/2011 Student Services