1 / 14

Finding out about funding your time at university Part Two

Finding out about funding your time at university Part Two. Student Financial Support for 2012 higher education entrants. Student finance: tasks for this session. Visit www.direct.gov.uk/studentfinance Read the section on Student finance for 2012/13

loc
Download Presentation

Finding out about funding your time at university Part Two

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Finding out about funding your time at university Part Two Student Financial Support for2012 higher education entrants

  2. Student finance: tasks for this session Visit www.direct.gov.uk/studentfinance Read the section on Student finance for 2012/13 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

  3. Student finance: tasks for this session Do you have any questions about the student finance package? How did you find the www.direct.gov.uk site? How did you find the university and college sites? How much support do you expect to receive? What financial differences were there between courses? Will these affect your choice of course? What about repayment?

  4. Repayments: how much do YOU know? (Quiz) 1) Are repayments based on • The size of your debt ? • How much you earn in your job ? • Your credit rating ? • The size of your debt ? • How much you earn in your job ? • Your credit rating ? 2) Is interest added to student loans • From the day you take them out ? • From the day you graduate ? • From the day you start work once you’ve got a job ? • From the day you take them out ? • From the day you graduate ? • From the day you start work once you’ve got a job ? 3) How much do you have to earn before you start repaying? • £15,000 • £18,000 • £21,000 • £15,000 • £18,000 • £21,000

  5. Repayment facts • Interest is charged from when loans are taken out until they are repaid in full; • Repayment begins the April after you finish or leave your course (as long as earnings are above £1,750 a month or £21,000 a year); • Repaid through tax system; • Any outstanding balance written off by government after 30 years.

  6. Loan Repayment

  7. http://www.direct.gov.uk/studentfinance Click on linkPaying back your student loan 2012/13

  8. http://www.direct.gov.uk/studentfinance

  9. Applying for Student Finance: Top Tips • Apply as early as possible – you don’t have to have a confirmed place; • It’s quickest and easiest to apply online; you can also track your application and change details like course, bank account number etc. online; • Before submitting an application, check all information and evidence thoroughly to avoid subsequent delays.

  10. How to apply & get paid... Part One [IN 2012] Go to SFE website, select “Register and apply for student finance” then complete application Complete declaration form Submit all info and evidence requested SFE assesses application; Requests any missing info or evidence

  11. How to apply & get paid... Part Two [IN 2012] SFE approves application; Sends Notification letter to student Take Notification letter to university when you register on your course SFE makes first grant and loan payments to student & university

  12. Student finance timescales for Year 13s in 2011/12 Autumn Term Use www.direct.gov.uk and university & college sites to research financial support & repayment Spring Term Apply for student finance – date TBC; you should receive notification letter within 6 to 8 weeks Summer Term Application deadline – 31st May 2012 Higher Education – Term 1 Register at university, receive student finance

  13. Student finance – Key Messages • Use the direct.gov website and university & college websites to help you make informed choices • Apply as early as possible – well before 31st May deadline • Apply online & use online functions post-application • Check your application and evidence really carefully • Take your Notification letter when you register

  14. For more information on student finance please visit • www.direct.gov.uk/studentfinance • You can follow Student Finance England on • facebook.com/SFEngland • twitter.com/SF_England • For additional guidance please talk to your personal tutor, • teacher, Head of Sixth Form, student advisor or Connexions PA Acknowledgements This module has been produced with the kind assistance of: Paul Symes Associates Carlton Le Willows School, Nottingham

More Related