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Student Funding 2012 - Advice from the University of Brighton
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Student Funding 2012 - Advice from the University of Brighton

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This presentation is about the 2012 changes to university and student funding. ...

This presentation is about the 2012 changes to university and student funding.

This presentation is given by the university's student recruitment team as part of their education liaison work with schools and colleges throughout the South East of England.

It provides advice and illustrative examples of student funding, tuition fees, cost of living, and the different arrangements for students on NHS courses.

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    Student Funding 2012 - Advice from the University of Brighton Student Funding 2012 - Advice from the University of Brighton Presentation Transcript

    • Student Funding Penny Edwards Student Recruitment Manager
    • HE Funding changes• Tuition fees do not have to be paid up front whilst studying, full or part-time• Tuition fees and maintenance loans still available – repayments based on what students earn, not what they owe• Maintenance grants up to £3,250 will be available - £25,000 - £42,000 – partial grant• Disabled Student Allowance• £150m National Scholarship Programme – universities to make individual decisions about bursaries• NHS will continue to fully fund: Dieticians; Midwives; Nurses; Occupational therapists; Othoptists; Physiotherapists; Podiatrists, Prosthetists and Orthotists; Radiographers; Speech Therapists• Check funding arrangements for: Audiology and Paramedic Practice
    • The University of Brighton Regional HEI tuition fees:Student type Tuition fee £9,000 – Kent, Southampton,UK/EU £9,000 Surrey andIsland* £9,000 SussexInternational £10,500 Variable – up toInternational lab-based £12,500 £9,000 -Students on placement £750 KingstonTargeted bursaries linked to low income provide £8,500 –additional support for: Chichester,•Care leavers Hertfordshire•Widening access – low participation neighbourhood Portsmouth and•Aimhigher Sussex students Winchester•Access to Architecture, Pharmacy and teaching Variablebursaries sandwich year fees•Sports Scholarships•Disabled athletes scholarships•Student support fund
    • Government funding for full-time UKundergraduates 2012 entryHousehold Maintenance Maintenance Total Maintenanceincome grant loan support grants available for UK students£25,000 £3,250 £3,875 £7,125 with familyor less income below£30,000 £2,341 £4,330 £6,671 £42,000£35,000 £1,432 £4,784 £6,216 Living Cost loan£40,000 £523 £5,239 £5,762 dependent on income£45,000 £0 £5,288 £5,288 Max. living at£50,000 £0 £4,788 £4,788 home: £4,375 Max. Studying£55,000 £0 £4,288 £4,288 outside London: £5,500£60,000 £0 £3,788 £3,788 Max. studying in£62,500 £0 £3,575 £3,575 London: £7,675plus
    • Examples of possible weekly term-time incomebased on 39 week accommodation contractperiodHousehold £ £ £ £ £ NB: studentsincome 25,000 30,000 40,000 50,000 62,500 from lower plus income familiesMaintenance 3,250 2,341 523 Nil Nil may also begrant eligible forStudent loan for 3,875 4,330 5,239 4,788 3,575 universitymaintenance bursaries –Part-time work 4,095 4,095 4,095 4,095 4,095 maximum cash£7.00 x 15 hrs/pw payout of £1,000Total 11,220 10,766 9,857 8,883 7,670 per year, fee discounts mayWeekly income 287 276 252 227 196 also be available39 weeks
    • The cost of livingWeekly outgoings Living in Halls Living off campus £ £Rent 120 -150 75-115 Average weeklyUtilities 0 8 cost of living:Phone 2-7 2-7 Brighton - £210TV licence 0-4 4 Eastbourne -Contents £190 0 2insuranceFood, domestic 10-40 30 - 40itemsTravel 0-15 0-15Clothing 5 - 10 5 - 10Laundry 2-5 2-5Study materials 5 5Entertainment 10-100 10-100Totals £174 - 336 £143-311
    • Applying for fundingStudent Finance England• One application to assess eligibility for grants, loans and university bursaries• Apply spring of entry year – one of 5 choices if not yet firm• Deadline – end of May to guarantee money available for start of termEnrol in person at beginning of autumn term• University confirms that student has enrolled• Money transferred to student bank account by BACS• Paid in termly instalments
    • Repayments moreProposed Student Loan repayment affordable than current system From which 9% Repayment per •Rate of interest:Annual salary will be deducted month • RPI plus 3%£25,000 £4,000 £30 whilst studying£30,000 £9,000 £67.50 • RPI under £21,000£35,000 £14,000 £105 • RPI plus up to£40,000 £19,000 £142.50 3% between £21,000 and£45,000 £24,000 £180 £41,000£50,000 £29,000 £217.50 • RPI plus 3%£55,000 £34,000 £255 above £41,000£60,000 £39,000 £292.50 Debt cleared afterStudent loans DO NOT go on credit files 30 years Early repayments -The Council for Mortgage Lenders said "A student loan is very unlikely no penaltiesto impact materially on an individuals ability to get a mortgage but theamount of mortgage available may depend on net income.“
    • All students NHS Funded – 30 week courses eligible for £1,000 grantIf you will be Non-means Means tested Non-meansstudying and tested grant bursary tested Maintenanceliving: (maximum) maintenance loan reduced in loan final year ofin London and living During £1,000 £3,128 £3,263 studyin student/rented TERMaccommodation/ TIMEyour own home additional allowances are available forelsewhere in During £1,000 £2,591 £2,324England (UK for TERM disabledmedical and dental TIME students andstudents) and livingin student/rented students withaccommodation/ dependentyour own home adults and/or childrenanywhere in During £1,000 £2,163 £1,744England (UK for TERM Apply throughmedical and dental TIME SFE for loanstudents) and livingwith your parents
    • All studentsNHS funded – 45 weeks eligible for £1,000 grantIf you will be Non-means Means tested Non-meansstudying and tested grant bursary tested Maintenanceliving: (maximum) maintenance loan loan reduced in final year ofin London and living in During £1,000 £5,460 £3,263student/rented TERM studyaccommodation/ your TIMEown home additional allowances areelsewhere in England During £1,000 £4,395 £2,324 available for(UK for medical and TERM disableddental students) and TIMEliving in student/rented students andaccommodation/ your students withown home dependent adults and/or childrenanywhere in England During £1,000 £3,351 £1,744(UK for medical and TERM Apply throughdental students) and TIME SFE for loanliving with yourparents
    • Any questions?www.direct.gov.uk/studentfinancewww.direct.gov.uk/studentfinancecalculatorbursarymap.direct.gov.ukwww.moneysavingexpert.com/family/student -loans-tuition-fees-changes