Student Finance 2020-21 - Weatherhead High School
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Student Finance 2020-21
• Tuition Fee Support
• Maintenance Support
• Repaying Student Loans
• Scholarships & Bursaries
• Any Questions?
@EHUoutreach
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
@EHUoutreach
Maintenance Loans
@EHUoutreach
What do students need money for?
@EHUoutreach
Back Halls
£79 p/week
£3160 p/year
www.edgehill.ac.uk
@EHUoutreach
Chancellors, Graduates,
Founders, Palatine
Court
£125 - £130 p/week
£5000 - £5200 p/year
@EHUoutreach
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
@EHUoutreach
Maintenance Loan
Maximum Loan Amount
Full Year Student
from SFE
Parental Home £7,747*
Elsewhere £9,203*
London £12,010*
Overseas £10,539*
*Subject to Parliamentary Approval
@EHUoutreach
Maintenance Loan
Students living away
Household
from home
Income
2020/21*
£25,000 & under £9,203
£30,000 £8,543
£35,000 £7,882
£40,000 £7,223
£45,000 £6,562
£50,000 £5,901
£55,000 £5,241
£60,000 £4,581
£65,000 £4,288
*Maximum Loan Amounts and
subject to Parliamentary Approval
@EHUoutreachIncome Assessment
• Based on gross taxable
household income
• Based on income of household
where the student
predominantly resides
• Step parents/partners’ incomes
are included in household
income
• Assessed based on prior financial
year
• If income has dropped by more
than 15% you can request a
current year assessment
@EHUoutreachRepaying Student Loans
The two loans are combined
together
Start to repay once:
• You’ve graduated
• You’re earning above £25,725
(from April, 2019)
You will repay 9% of
everything you earn above
£25,725
@EHUoutreachRepayment Thresholds
Repaying Student Loans
Income each year
Click to edit Master 9%
title will be Monthly repayment
before tax
style deducted from (Approx)
≤ £25,725 £0 £0
£27,000 £1,275 £9.56
£30,000 £4,275 £32.06
£40,000 £15,000 £107.06
£50,000 £24,275 £182.06
£60,000 £34,275 £257.06
@EHUoutreachRepaying Student Loans
• If you move or work overseas, repayments will still be taken
• After 30 years of repaying, whatever’s left over is written off completely
• You will only ever repay from when you’re earning above £25,725
@EHUoutreachRepaying Student Loans
Scenario 1:
Student debt £20,000. Your earnings £31,000. Your
annual repayment is £475.
Scenario 2:
Student debt £50,000. Your earnings £31,000. Your
annual repayment is £475.
Scenario 3:
Student debt £1 billion. Your earnings £31,000.
annual repayment is £475.
Students should see this as a 9% higher tax
rate
‘Student loans' is a misnomer - elsewhere similar
schemes are called a 'graduate contribution' system.
We should call it this too.’
Martin Lewis, Money Saving Expert
@EHUoutreachAdditional Support,
Scholarships & Bursaries
@EHUoutreachAdditional Support
• Disabled Students Allowance
(DSA’s)
• Mental Health Conditions
• Specific learning disabilities
• Dependants Grants
• Childcare grant
• Parents Learning Allowance
• Adult Dependants Grants
• University specific scholarships
& bursaries
• Non-repayable
• Further information can be
found at www.gov.uk
@EHUoutreachScholarships
Scholarships
• 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 Grades
@EHUoutreachAchievers&&Liverpool
High Achievers LiverpoolScholarship
Scholarships
High Achievers Scholarship
• Full-time and accepted a place
• 144 UCAS points in your final exams (from a
maximum of three grades)
• Up to £1,000 and discount card for the Arts Centre
• Automatically assessed and contacted
Liverpool Scholarship
• Full-time domiciled in the City of Liverpool with
highest UCAS Tariff Score
• Up to £3,000 in instalments
• Cannot also receive High Achievers
• Automatically assessed and contacted
Not usually eligible for both
@EHUoutreachStudentOpportunity
Student OpportunityFund
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
Ben Llewelyn-Reid completed a five month
internship at Verb Marketing, a digital marketing
company in Liverpool
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 training
@EHUoutreachApplying for Student Finance
@EHUoutreachStudent Finance Application
Online application
Apply as early as possible
24th May deadline for
guaranteed money
@EHUoutreachClick to edit Master title
style
@EHUoutreachWhat is the role of the supporter?
A parent/carer/partner who
provides some details to
support an application
They will be sent an e-mail with
log-in
What is the role of the supporter?
details after students start
application
Supporter needs to fill in
income details.
For this they may need
evidence
@EHUoutreachWhatishappens
What next?
the role of the supporter?
@EHUoutreachKey Messages
• Apply early – can take six weeks
• Don’t need a confirmed place to
apply
• Agree to share information
• Only receive money when enrolled
• A late application can result in late
payment
• Re-apply every subsequent year
• Submit Online Terms and Conditions
(OTC) via the online account with an
e-signature
@EHUoutreachPart time work
56% of Students said they had found
University more expensive than they
had been expecting
77% of students now work to fund
their studies
- Endsleigh 2015
Edge Hill Works
Free service
Help to find part-time/
temporary/holiday work
Bar work/care work/IT,
Mentoring/Tutoring/
Office/Retail/Student Guides/Ambassadors
@EHUoutreachOverview
Recap
Financial support available
Tuition Fee Loan Maintenance Loan
Paid direct to Paid to you in
university instalments
Up to £9250 Up to £9203*
Repayable Repayable
• Optional
• Only make repayments once
you’ve left university and your
income is over £25,725 a year
• If you go below £25,725
repayments stop
@EHUoutreachAdditional Support
The Student Room
thestudentroom.co.uk
Student Finance
www.studentfinance.direct.gov.uk
UCAS:
www.ucas.com/sfe
Brightside Calculator:
www.studentcalculator.org.uk
Student Finance England:
0300 100 0607
Edge Hill Money Advice Team:
01695 657250
@EHUoutreachSubject Taster Days
Health and Social Care – 06/02/20
Psychology & Social Science – 25/03/20
Medicine - 26/03/20
English – 26/03/20 Open Days
Sport and PA - 01/04/20
Geography & Geology – 01/04/20 Saturday 13th June 2020
Biosciences – 02/04/20 Saturday 15th August 2020
Health and Social Care – 28/04/20 Saturday 12th September 2020
Computer Science – 03/06/20 Saturday 10th October 2020
Geography & Geology Olympiad – 18/06/20 Saturday 14th November 2020
Biology Olympiad – 18/06/20 Saturday 12th June 2021
Health and Social Care – 18/06/20
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