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Student Finance Update 30 th November 2010 Wiltshire College

Student Finance Update 30 th November 2010 Wiltshire College. Andy Shenton Senior Student Finance Consultant South & Isle of Wight. Browne Review & 2012/13 Proposals Student Finance package for 2011/12 Customer Journey IAG for Students IAG Resources for Practitioners Quiz

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Student Finance Update 30 th November 2010 Wiltshire College

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  1. Student Finance Update30th November 2010Wiltshire College Andy Shenton Senior Student Finance Consultant South & Isle of Wight

  2. Browne Review & 2012/13 Proposals Student Finance package for 2011/12 Customer Journey IAG for Students IAG Resources for Practitioners Quiz Questions & Answers Agenda

  3. Lord Browne published his report on 12th October 2010 and The Secretary of State made a statement in the House of Commons responding to and endorsing the report the same day The Public Spending Review concluded on 20th October 2010 The Minister of State for Universities & Science made a statement to the house on 3rd November 2010 outlining the governments proposals for HE Funding in 2012 and beyond, which included many of Lord Browne’s recommendations A full white paper will be published during the winter 2012/13 Arrangements

  4. Any reforms will be introduced for those entering higher education in 2012. Any changes to higher education funding and student finance will therefore not affect those already at university, those starting in 2011 and those who have left university and are in repayment The government normally tries to announce the details of the student support arrangements in the summer of the year when most students apply. So, for those starting university in autumn 2012, details on student support should be announced by summer 2011 Students who defer entry from 2011/12 to 2012/13 will have their loans and grants for living costs set at the 2012/13 rates. It will be for Universities to decide the level of tuition fees they charge. 2012/13 Arrangements

  5. Summary of Proposals

  6. www.bis.gov.uk/highereducation

  7. What’s New for2011/12

  8. Maximum Fees up £85 from £3,290 to £3,375 Minimum Bursary (if full fees) up from £329 to £338 All other support frozen at 2010/11 rates Other minor amendments to policy - do not affect eligibility Policy Changes for 11/12

  9. Tuition fee loan Maintenance loan Maintenance Grant Extra support for those with special circumstances What can students get in 11/12

  10. Maximum tuition fee for a publicly funded course: £3,375 Students can have a non-means tested loan to cover the full fee amount Fees are paid directly to the HEI Fees increase each year (in 2010/11 they were £3,290) Fee loans are only repaid once student is earning over £15,000 pa Fee amounts for 11/12

  11. ALL amounts have been frozen at 2010/11 rates Main loans are 72% non-means tested, 28% means tested Reduced loans are available to students on sandwich years and to some students who are in receipt of an NHS Bursary Loan amounts for 11/12

  12. Frozen at 2010/11 rates; maximum maintenance grant: £2,906 Grant is fully means tested Grant is non-repayable Maintenance loan is reduced by 50p for each £1 of grant payable Grant amounts for 11/12

  13. Households with total income under £25,000 will be eligible to receive full grant and non-means tested loan Households with total income between £25,000 and £50,020 will be eligible to receive a partial grant and partial means tested loan Households with total income between £50,778 and £57,708 will not be eligible to receive a grant, but may receive a partial means tested loan Households with income in excess of £57,708 will only be eligible to receive a non-means tested loan Loan & Grant thresholds 11/12 Note: The figures shown are based on a student living away from home and studying outside of London. Different thresholds will apply to those students living at home during their studies and those living/studying in London

  14. Note: The figures shown are based on a student living away from home and studying outside of London. Different thresholds will apply to those students living at home during their studies and those living/studying in London

  15. Max. Loan £4,950 Min. Loan £3,564 £2,906 £6,403 25k £3,497 30k £1,906 £5,506 £3,997 34k £1,106 £5,503 £4,397 £5,306 £711 40k £4,595 £5,141 £381 45k £4,760 £4,975 50k £4,925 £50 £4,950 50,708 £4,950 £4,106 £4,106 55k 57,778 £3,564 £3,564 60k £3,564 £3,564 70k + £3,564 £3,564 Note: The figures shown are based on a student living away from home and studying outside of London. Different thresholds will apply to those students living at home during their studies and those living/studying in London

  16. Long Courses Loan: Extra means tested loan where study > 30 weeks Bursaries: Minimum of £338 (if qualify for full grant & charged max fees) Parents Learning Allowance: Maximum of £1,508 (means tested) Childcare Grant: 85% of actual costs (subject to limits & means test) Adult Dependant Grant: £2,642 (means tested) Special Support Grant: Replaces maintenance grant for some students Care Leavers Grant: Speak to your Local Authority (fact sheet) Other local support…. Investigate! Other help in 11/12

  17. Help towards the additional costs that a student may be obliged to incur as a result of their impairment, health condition or specific learning difficulty In addition to the standard student finance package Does not have to be repaid Is not affected by the household income Looks at the specific needs of the individual in relation to their studies Disabled Students Allowance See Fact sheet

  18. DSAs continued Full and part-time disabled postgraduate students can receive up to £10,260 a year

  19. The Customer Journey

  20. Customer Journey Autumn Research Spring Application Summer Processing Term 1 Payment What could I get ? How & when do I apply ? When will I get it ? When do I pay it back ? Consistent High-Quality IAG Design Design Support from Practitioners

  21. Research Research

  22. www.direct.gov.uk/studentfinance

  23. UCAS Conventions Directgov Website Printed Literature Other Research Tools

  24. Research ApplyOnline

  25. Login via: www.direct.gov.uk/studentfinance Register details online Customer Reference Number (CRN) allocated Choose password and secret answer Submit application online and send in supporting evidence: Financial details (prior year tax) Identity checking (data share with IPS) Non-means tested support paid to applicant where financial details remain outstanding at course start Track application progress via ‘My Account’ Online Application Process

  26. www.direct.gov.uk/studentfinance

  27. All available on the Practitioner Website: Mock Account CoC My Account Demo Screen Videos of Applications I can come and take you through these in more detail http://practitioners.studentfinanceengland.co.uk Adviser application tools

  28. Research ApplicationProcessing

  29. Send in all your evidence and your sponsors evidence straight away Evidence Fact Sheet on Directgov Make sure everything you send us has your CRN on it It can take a couple of days before we scan everything you’ve sent and it appears on the system, so please be patient We will hang on to original documents for up to 6 weeks, just in case we need to refer to them (for example, if we get a bad scanned image) If you want to check the progress of your application, use ‘My Account’ How to get things right!

  30. www.direct.gov.uk/studentfinance

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