Student Finance 2018-19 - Edge Hill University: University of the Year 2014/15 - Weatherhead High School
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Edge Hill University: University of the Year 2014/15
Student Finance 2018-19
Student Finance • Tuition Fee Support • Maintenance Support • Repaying Student Loans • Scholarships & Bursaries • Any Questions?
Tuition Fees
What do tuition fees cover?
• Lectures, seminars and tutorials
• Compulsory course field trips
• Professional Body Examination Fees
• University support services
• Access to university library
• Access to computer facilities
• Administrative costs
• Membership of a students’ union
What are Tuition Fees?
• Max. £9,250/year
• Eligibility:
• English citizen
• Studying in UK
• First Degree
• Paid directly to your
university
• No up-front fees
Maintenance Loan
What do students need money for?
Edge Hill University
Average Accommodation = £147
Maintenance Loan
Covers cost of living
Loan is optional
Part non-means tested,
part means-tested
Repayable
Transferred to your
account in
three Termly Instalments
Maintenance Loan
Maximum Loan Amount
Full Year Student
from SFE
Parental Home £7,324*
Elsewhere £8,700*
London £11,354*
*These figures are subject to final Parliamentary Approval which is due in early 2018.Maintenance Loan
Students living away
Household
from home
Income
2017/18*
£25,000 & under £8,700
£30,000 £8,076
£35,000 £7,452
£40,000 £6,828
£45,000 £6,204
£50,000 £5,579
£55,000 £4,955
£60,000 £4,331 *Maximum
Loan Amounts
£65,000 £4,054
**These figures are subject to final Parliamentary Approval which is due in early 2018.Income Assessment
Based on gross taxable household income
where the student predominantly resides
Step parents/partners’ incomes are included
Assessed based on prior financial year
If income has dropped by more than 15% you
can request a current year assessmentRepaying Student Loans
How much will I owe?
• The average student
will owe around
£35,000-£40000 by
the end of their studies.
(The institute of fiscal studies,
2015)
• The average graduate
starting salary is
£19,000-£22,000
(Glassdoor,8th Nov 2017)
• Graduates in general
can expect to earn
£9500 more than a non
graduate annually.
(Department of Education
2016, ONS)Repaying Student Loans
The two loans are
combined together
Start to repay once:
• You’ve graduated
• You’re earning above
£25,000
You will repay 9% of
everything you earn
above £25,000Repaying Student Loans
Income each year 9% will be deducted Monthly repayment
Click to edit Master
before tax from (Approx)
title style
≤ £25,000 £0 £0
£27,000 £2,000 £15
£30,000 £5,000 £37.50
£40,000 £15,000 £112.50
£50,000 £25,000 £187.50
£60,000 £35,000 £262.50Repaying Student Loans
You will only ever repay
from when you’re
earning above £25,000
After 30 years of
repaying, whatever’s left
over is written off
completely
If you move or work
overseas, repayments
will still be takenAdditional Support, Scholarships & Bursaries
Additional Support
• Disabled Students Allowance (DSA’s)
Mental Health Conditions Specific
learning disabilities
• Dependants Grants
Childcare grant
Parents Learning Allowance
Adult Dependants Grants
Who is eligible for a Student Loan?
• University specific scholarships &
bursaries
• Non-repayable
Further information can be
found at www.gov.ukScholarships
Universities set their own criteria
Normally reward excellence or focus on lower
income families
Applications vs guaranteed scholarships
Fee waiver vs cash
Can be achieved through a variety of methods &
activity areas:
Sport
Volunteering
Performing Arts
A-Level/BTEC GradesExcellence Scholarship
• Full-time undergraduate degree
• Nothing to do with your financial
situation, degree subject or academic
achievement
Demonstrate determination, commitment
and achievement outside your studies.
Creative Arts
ICT and Enterprise
Performing Arts
Volunteering and Citizenship
Worth £2,000 (4 installments in first
year) + discounted membershipSports Scholarship
• Full-time undergraduate degree
nothing to do with your financial
situation, degree subject or academic
achievement
• Worth up to £1000 per year
• Talented at sport - competitive level
• Three levels of scholarship (Gold,
Silver & Bronze) with different benefits
and qualification criteria
• Progress in both your sporting and
academic pursuits to have the
scholarship renewed annuallyStudent Opportunity Fund
Enables you to apply for financial support and take
part in activities which enhance your employability.
Worth up to £2000
A group of students embarked on a Study China
programme comprising a 20 day trip to Beijing, Shanghai
and Hangzhou
Shelbie Seed created a full length short animation film
to boost her portfolio
Ben Llewelyn-Reid completed a five month internship
at Verb Marketing, a digital marketing company.
Ryan Leder produced a play, Numbered Days, which
was shown at The Core at Corby Cube, Northamptonshire.
Sports Coaching students visited Indiana State
University to observe elite students in trainingApplying for Student Finance
Online application Apply as early as possible 31st May deadline for guaranteed money
Click to edit Master title style
Key Messages
• Apply early – can take six weeks
• Don’t need a confirmed place to apply
• Agree to share information
• Only receive money when enrolled
• Students re-apply every subsequent year
• RETURN the online declaration form!Recap
Financial support available
Tuition Fee Loan Maintenance Loan
Paid direct to Paid to you in
university instalments
Up to £9250 Up to £8700
Repayable Repayable
• Optional
• Only make repayments once you’ve left
university and your income is over
£25,000 a year
• If you go below £25,000, repayments
stopThe Student Room:
www.thestudentroom.co.uk/content.php?r=5659-
Student-Finance
Student Finance:
www.studentfinance.direct.gov.uk
www.gov.uk/apply-online-for-student-finance
Brightside Calculator:
www.studentcalculator.org.uk
Student Finance England:
0300 100 0607
Edge Hill Money Advice Team:
01695 657250Any Questions?
Open Days
Saturday 16th June 2018
Saturday 18th August 2018
Saturday 6th October 2018
Saturday 3rd November 2018
Saturday 24th November 2018
Saturday 15th June 2019
www.edgehill.ac.ukYou can also read
