Student Finance 2015/16 - Jo Tolley - Widening Participation Coordinator
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Student Finance 2015/16 Jo Tolley – Widening Participation Coordinator
How much money do you need upfront to go to
University?
A - £1,000
B - £20,000
C - nothingStudent Finance package – 2015/16 Tuition fee loan • paid direct to the university • doesn’t depend on household income* Maintenance loan • basic rate (65% of maximum rate) doesn’t depend on household income* • remaining 35% depends on household income* Maintenance grant • depends on household income* • Maintenance grants available when family income below £42,611 *Household income – income of you and your husband, wife or partner
Government funding for full-time UK Undergraduates: 2015 entry
Living away from home and studying outside London
Household Maintenance Non-repayable Total
Income Loan Maintenance
Grant
£25,000 or less £3,861 £3,387 £7,248
£30,000 £4,335 £2,440 £6,775
£35,000 £4,808 £1,492 £6,300
£40,000 £5,282 £545 £5,827
£42,611 £5,740 £50 (min. grant) £5,605
£42,875 £5,555 £0 £5,555
£45,000 £5,340 £0 £5,340
£50,000 £4,836 £0 £4,836
£55,000 £4,330 £0 £4,330
£60,000 £3,825 £0 £3,825
Over £62,125 £3,610 £0 £3,610Student Finance calculator
www.gov.uk/student-finance-calculatorOther Finance to look out for … Bursaries and Hardship Funds • Check with individual institutions, eligibility criteria will apply National Scholarship Programme • Household income under £25,000 Income Support • Depends on individual cases - www.gov.uk/income-support Disabled Students’ Allowance • Students with disabilities Turn 2 Us • Database of funding opportunities www.turn2us.org.uk
Medicine, Social Work and Teacher Training students can apply for: NHS bursaries and Social Work bursaries – Department for Health www.nhsbsa.nhs.uk/Students/3941.aspx Get into Teaching bursaries and funding – Department for Education www.education.gov.uk/get-into-teaching/funding.aspx
Cost of living … Weekly Outgoings Living in Halls Living off Campus Rent £120 -150 £75-115 Utilities £0 £8 Phone £2 - £7 £2 - £7 TV Licence £0-4 £4 Contents Insurance £0 £2 Food/Domestic Items £10 - £40 £30 - £40 Travel £0 - £15 £0 - £15 Clothing £5 - £10 £5 - £10 Laundry £2 - £5 £2 - £5 Study materials £5 £5 Entertainment £10 - £100 £10 - £100 Totals £174 - 336 £143 - £311
Possible weekly term-time income based on 39 weeks:
Household £ £ £ £ £
Income 25,000 30,000 40,000 50,000 62,125+
Maintenance 3,387 2,440 545 Nil Nil
Grant
Maintenance Loan 3,861 4,335 5,282 4,836 3,610
Part-time work 3,802 3,802 3,802 3,802 3,802
£6.50 x 15 hrs/pw
Annual Total 11,050 10,577 9,629 8,638 7,412
Weekly Income (39 283 271 246 221 190
weeks)Part-time work • Up to a maximum of 15 hours per week • Flexible contracts/rota • Work at the University – café, shop, bar, Student Ambassador • Transfer current role (chain stores etc.)
Repayments
Each month the graduate pays back 9% of any income over £21,000
Annual Income Monthly Repayments
£21,000 and under No repayments
£25,000 £30
£30,000 £67
£40,000 £142
£50,000 £217
£60,000 £292Repayments • Student loans do not go on credit files • Cleared after 30 years • Early repayments - no penalties • Martin Lewis – ‘Money Saving Expert’ www.youtube.com/watch?v=1izMDidvJtE
How to apply …
• Apply online at: www.gov.uk/apply-online-for-student-finance
• Student Passport Number from UCAS
• Enter household income details – from previous tax year end with NI number
• Student Finance confirms income directly with HMRC (may request further
information)
• Student enrols on course in person in first week
• Payment made via BACS on a termly basisAdditional support through Compact Through the Compact we support the transition from school into higher education, and provide students, parents and teachers with information and advice. Students studying at our Compact partner schools and colleges can benefit from our workshops and impartial advice no matter which university they plan on applying to.
The Compact Plus Programme
• The Plus Programme provides additional support for groups who are under
represented at university
• Not all students have the same opportunities and for some progression to
university can be more challenging
• All universities are required to support wider access to higher educationThe Compact Plus programme includes: • Taster lectures and Workshops • Opportunities to shadow our students • One-to-one support with writing personal statements • Help in preparing for interviews • Summer Schools compactplus@brighton.ac.uk
Residential Summer Year groups Location Dates Who is it for? What will be included?
Schools
BTEC or A Level Three days of lectures, seminar, tutorial, activities,
Social Science 11, 12 & Falmer, Brighton 30th June to
students interested in discussion and debate. Expect to be challenged!
13 2nd July social sciences.
Compact Plus Summer Schools BTEC or A Level Practical activities and seminars including Paramedic
Healthcare 11, 12 & Falmer & 6th, 7th & 8th
students interested in Practice, Nursing, Podiatry, Physiotherapy, Midwifery
13 Eastbourne July the healthcare and Occupational Therapy
professions
BTEC or A Level A very active and busy summer school with lectures,
Sport 11, 12 & Eastbourne 25th to 28th
students interested in seminars, tutorials and lots of hands-on activities in
13 Campus August PE or sport science. the sports science laboratory.
BTEC or A Level A varied three days in which students will explore
STEM Sussex 12 & 13 Moulescoomb, 8th to 10th July
students interested in subjects related to biology, chemistry, engineering
Brighton STEM subjects. and a range of other STEM subjects.
Three days on the lovely Hastings campus exploring
Biology 11,12 & Hastings 14th – 16th July
human and environmental biology in a wonderful
13 setting with access to world-class laboratory
facilities.
Fashion 11 & 12 Grand Parade, Brighton 10th to 14th August BTEC or A Level Five days at our Grand Parade Campus working
(Non-residential) students interested in with current university students and a Fashion
Fashion, Art or Designer.
TextilesThank you for listening
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