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Money to study – a guide to funding your studies in 2014

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Money to study – a guide to funding your undergraduate studies in 2014by the University of South Wales Student Money Advice Team

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Money to study – a guide to funding your studies in 2014

  1. 1. © University of South Wales Money to study – a guide to funding your studies in 2014 Student Money Advice Team
  2. 2. Degree - £8,250 or £9,000 yr * Foundation Degree, HND or Foundation Year - £6,750 yr * * Subject to HEFCW approval Support for fees England – Tuition Fee Loan up to £9,000 Wales – Tuition Fee Loan of £3,575 and Tuition Fee Grant to cover rest of fee © University of South Wales Tuition Fees - 2014/15
  3. 3. Support for Living Costs in 2014/15 Maximum Maintenance Loan for Wales - £5,150 England - £5,555 Non- income assessed Based on Income assessment
  4. 4. Support for living costs Grants & Loans for Welsh students living elsewhere in 2013/14 Household Income Grant Loan Total < £18,370 £5,161 £2,575 £7,736 £25,000 £3,347 £3,477 £6,824 £30,000 £2,099 £4,101 £6,200 £34,000 £1,142 £4,579 £5,721 £40,000 £734 £4,783 £5,517 £45,000 £393 £4,954 £5,347 £50,020 £50 £5,125 £5,175 £50,753 £0 £5,150 £5,150 £57,188 £0 £3,863 £3,863
  5. 5. © University of South Wales Support for living costs Grants & Loans for English students living Elsewhere in 2014/15 Household Income Grant Loan Total £25,000 or less £3,387 £3,862 £7,249 £30,000 £2,441 £4,335 £6,776 £35,000 £1,494 £4,808 £6,302 £40,000 £547 £5,282 £5,829 £42,620 £50 £5,530 £5,580 £42,875 £0 £5,555 £5,555 £45,000 £0 £5,341 £5,341 £50,000 £0 £4,836 £4,836 £55,000 £0 £4,331 £4,331 £60,000 £0 £3,826 £3,826 Over £62,132 £0 £3,610 £3,610
  6. 6. Repayment of Loans Repayments start once earning £21,000 per year Interest is based on Inflation Rate plus 3% Annual Income Less than £21,000 £25,000 £30,000 £35,000 £40,000 Monthly repayments Nil £30 £67.50 £105 £142.50
  7. 7. Disabled Students Allowance Parents Learning Allowance Childcare Grant Adult Dependants Grant Special Support Grant Assessment is based on individual circumstances Additional Funding from the Government
  8. 8. •Guaranteed place in halls in first year of study •£1,500 towards your accommodation in first year of study To qualify: •Be personally liable to pay the full UK home rate tuition fee as applicable to your course •Live 45 miles + from Treforest campus (CF37 1DL) •Apply through UCAS for full-time honours degree at the University by 15th January 2014. See website for further details © University of South Wales Centenary Bursary
  9. 9. • Worth £750 plus an iPad To qualify: • Undertaking full-time honours degree • Achieve 320 UCAS points • Apply through UCAS for full-time honours degree at the University by 15th January 2014. See website for further details © University of South Wales Flying Start Scholarship
  10. 10. Further scholarships and bursaries are available including: • GradEdge Bursary • Sports scholarships • Welsh Medium scholarships • Many more… See website for further details © University of South Wales Support from the University of South Wales
  11. 11. Loans and grants: Welsh applicants apply via Student Finance Wales: www.studentfinancewales.co.uk English applicants apply via Student Finance England: www.direct.gov.uk/studentfinance Scottish applicants apply via Student Awards Agency for Scotland: www.saas.co.uk Northern Irish applicants apply via Student Finance Northern Ireland: www.studentfinanceni.co.uk Centenary Bursary & Flying Start Scholarship: Apply using online link by 26th April 2014. © University of South Wales How to apply
  12. 12. Other Costs to consider: • Students should be aware of other less obvious costs they may need to consider can include: • field trips • clubs/societies, • TV licence, etc. • Course costs – these can vary depending on course being studied. • Average living costs per campus can be found on the University website
  13. 13. Tel: 01443 483778 Email: money@southwales.ac.uk Web: http://www.southwales.ac.uk/money/ © University of South Wales Student Money Advice Team

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