Student finance in 2013/14

1. Student finance in 2013/14 University Challenges part one

2. Student finance: how much do YOU know? 2) You get grant and loan payments… 1) You apply for student finance… • Every term • Only in your first year • For each year of your course • Every term • Only in your first year • For each year of your course • As a lump sum at the start of each year • In instalments each term • Every week • As a lump sum at the start of each year • In instalments each term • Every week 3) If you do part-time work during your course… • It’ll make no difference to your support • It’ll reduce what you’re entitled to • It’ll mean you can’t get any support • It’ll make no difference to your support • It’ll reduce what you’re entitled to • It’ll mean you can’t get any support

3. What student finance is available? Tuition Fee Loan Maintenance Loan Maintenance Grant university or college bursary / scholarship extra support if you have special circumstances

4. Tuition Fee Loan This helps with the cost of tuition fees to a maximum of £9,000 for each academic year. Available to all eligible students Not based on household income (e.g. not affected by your parents’ income) Paid by Student Finance England direct to your university or college Repay it gradually after you’ve finished uni/college and are earning over £21,000 a year Re-apply for it each year

5. Maintenance Loan To help with living costs - entitlement depends on: Household income (65% not dependent on household income, 35% dependent on household income) Where you live while you’re studying Year of course As with the Tuition Fee Loan you have to re-apply for it each year, and you begin repaying once you’ve finished your course and your income is over £21,000 a year.

6. Maintenance Grant To assist students from low-income backgrounds: Non-repayable Amount depends on your household income Will reduce the amount of Maintenance Loan you can get Maximum £3,354 Re-apply for it each year

7. Do I qualify? There are three main conditions you have to meet: You must be personally eligible Your course must be eligible Your university or college must also be eligible

8. University or college bursary / scholarship Paid by the university or college, not Student Finance England Bursaries and scholarships vary considerably National Scholarships available for students with household income below £25,000. Scholarships are different at each institution but can include: Reduction in fees or fee waiver Cash award (up to £1,000) Other benefits, e.g. discounted accommodation Key part of your research: check university and college websites

9. Other support Certain courses attract their own funding, for example NHS and social work courses Extra help for students in special circumstances, for example students with a disability or who have children Tuition Fee Loans for part-time courses

10. www.gov.uk/studentfinance Apply online for Student finance 2012/13

11. www.gov.uk/student-finance/loans-and-grants Click on links for full details about what is available

12. www.gov.uk/student-finance/extra-help Now click on link to Bursaries, scholarships and awards

13. www.gov.uk/student-finance/guides-and-advice Scroll down for section on National Scholarship Programme (NSP) Click List of universities and colleges offering NSP

14. Link takes you to list of links toindividual university and college student finance pages

15. Student finance: tasks before next session Visit www.gov.uk/studentfinance Read the quick guide ‘How and when to apply 2013/14’ Then, for each of your UCAS choices, find the university or college webpage(s) giving information about finance, bursaries & scholarships. For the next session find out the following for all your UCAS choices: - tuition fees charged for the course - details about scholarships and bursaries

16. Next session More on www.gov.uk/studentfinance Repayment How to Apply How to Get Paid Timescales Acknowledgements This module has been produced with the kind assistance of: Paul Symes Associates Carlton Le Willows School, Nottingham