This document provides information about student funding for the 2015 academic year and beyond in the UK. It outlines that university tuition fees are up to £9,000 per year, and all students can take out a tuition fee loan. For living costs, students can receive a non-repayable maintenance grant up to £3,387 if their household income is below £25,000, as well as a maintenance loan. Additional funding may be available for disabled students or those studying certain healthcare subjects through the NHS. Student loan repayments are based on income after leaving education, and any outstanding debt is written off after 30 years.

2. Student Funding
2015 & Beyond
Sarah McLeod
Student Services

3. Agenda
• Tuition fees
• Money for living costs
– Grants, loans, bursaries, fee waivers etc.
• NHS funding
• Student loan repayments
– How this works
– How much you could be expected to pay

4. University Tuition Fees
• Universities can charge up to £9,000 each year for their
full time undergraduate degree courses
• Tuition fee rates are available on university websites
All students can take a tuition fee loan each year so
everyone can afford to study

5. Money for living costs
• Maintenance grant up to £3,387 (means tested)
- you don’t pay this back
- full grant up to £25,000 – partial grant up to £42,620
• Maintenance loan
- partially means tested
- £3,731+ (living away from parental home rate)
- £2,967+ (living in parental home rate)

6. 10k 20k 30k 40k 50k 60k 70k
Household Income
£1,000
£2,000
£3,000
£4,000
£5,000
£6,000
£7,000
Student Funding 2015 Living away from
home outside London
All students should have access to around £5,740

7. 20k
£1,000
£2,000
£3,000
£4,000
£5,000
£6,000
£7,000
10k 30k 40k 50k 60k 70k
Student Funding 2015 Living away from
home outside London
£25K
Maintenance Loan
(£4,047)
Maintenance Grant
(£3,387)

8. 20k
£1,000
£2,000
£3,000
£4,000
£5,000
£6,000
£7,000
10k 30k 40k 50k 60k 70k
Student Funding 2015 Living away from
home outside London
C42.6K
Maintenance
Grant
Maintenance Loan

9. 20k
£1,000
£2,000
£3,000
£4,000
£5,000
£6,000
£7,000
10k 30k 40k 50k 60k 70k
Student Funding 2015
Parental Contribution
Maintenance Loan
Maintenance
Grant

10. Additional Government Funding
• Disabled Students Allowance (DSA’s)
– Specialist equipment allowance
– Non-medical helpers allowance
– General disabled students’ allowance
– Extra travel costs
• Contact Disability Services
– 01642 342277 or disability@tees.ac.uk

11. Money for living costs
• Scholarship Schemes
– Every university has a different scheme and details
are available on university websites. Each university
has their own eligibility criteria:
• Who qualifies – grades, household income etc
• What you can get – bursary, fee waiver etc
• How to apply

12. Teesside Extra Scholarship
• Cash bursary of up to £2,500
• Achieve at least BBBs at A’level (or
equivalent)
• Full eligibility criteria apply, please see the
website for further details

13. How to apply
Apply to Student Finance England: www.gov.uk/apply-online-for-student-finance

14. NHS Funding
2015/16

15. NHS Funding 2015/16
• NHS funded students
– doctor or dentist (eligible for an NHS Bursary during the latter
stages of their pre-registration training
– chiropodist (including podiatrist), dietician, occupational therapist,
orthoptist, physiotherapist, prosthetist, and orthotist,
radiographer, audiologist or a speech and language therapist
– dental hygienist or dental therapist
– nurse, midwife or operating department practitioner (degree
course)

16. NHS funding
Non-repayable funding
• Not means tested
– Payment of Fees
– NHS Grant of £1,000
• Means tested
– NHS Bursary up to £4,491 for
45+ weeks living away from
parents
– Up to £3,439 living with
parents
www.nhsbsa.nhs.uk
Repayable funding
• Not means tested
– Apply to Student Finance
England on PN1 form
– £2,324 (living away from
home
– £1,744 (living at home)
– You pay it back like everyone
else

17. How to apply
• Apply online at www.nhsbsa.nhs.uk
• Supplementary paper forms; DSA, Childcare
• Re-apply yearly
• Paid by equal monthly instalment until following
August

18. Loan repayments
• Student loans are very different to commercial credit
• Interest rate linked to inflation plus up to 3%
• How much you pay depends on how much you earn
• Nothing to pay until you have left education and have
an income above £21,000 per year
• Affordable monthly repayments
• Outstanding debt written-off after 30 years

19. 10k
15k
18k
20k
30k
£28,000pa
9% of
£7,000
Percentage of income
£630 (2.2%)
Monthly repayments
£52.50
Weekly repayments
£12.11
Student loan repayments

20. Loan repayment example
• Graduate earning £30,000pa gross
– Monthly gross income £2,500
– Pension (6%) £150
– Tax £293
– National insurance £191
– Net income £1,866
– Student loan repayment£67.50
– INCOME £1,798.50

21. Summary
• You don’t have to pay anything until after you have left
education – everyone can afford to study
• All full-time students can apply for a maintenance loan to
help with living costs
• Students from households earning less than £42,620 will
also receive a non-repayable maintenance grant
• Repayments are based on what you earn, not on what
you owe

22. Useful websites
• Government services website
– www.gov.uk/student-finance
– More information about funding
• University websites
– Information about courses, bursaries, fee waivers etc.
– www.tees.ac.uk
• Money Saving Expert
– www.moneysavingexpert.com

23. ANY QUESTIONS?