Edge Hill University: University of the Year 2014/15

Student Finance 2017-18

Tuition Fees

• Max. £9,250/year

• Eligibility:• English citizen• Studying in UK• First Degree

• Paid directly to your university

• No up-front fees

What are Tuition Fees?

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

Maintenance Loan

Full Year StudentMaximum Loan Amount

from SFE

Parental Home £7,097

Elsewhere £8,430

London £11,002

Overseas £9,654

Maintenance Loan

Household

Income

New Student

2017/18*

£25,000 & under £8,430

£30,000 £7,825

£35,000 £7,220

£40,000 £6,615

£45,000 £6,009

£50,000 £5,404

£55,000 £4,799

£60,000 £4,193

*Maximum Loan Amounts

Based on gross taxable household income- If parents are separated, household income is

based on income of household where the student predominantly resides

- Step parents/partners’ incomes are included in household income

Assessed based on previous financial year

Income Assessment

Repaying Student Loans

Repaying Student Loans

The two loans are combined together

Start to repay once:• You’ve graduated• You’re earning

above £21,000

You will repay 9% of everything you earn

above £21,000

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Income each year

before tax

9% will be deducted

fromMonthly repayment

(Approx)

≤ £21,000 £0 £0

£25,000 £4000 £30

£30,000 £9,000 £68

£40,000 £19,000 £143

£50,000 £29,000 £217

£60,000 £39,000 £292

Repaying Student Loans

Who is eligible for a Student Loan?

Additional Support

• Disabled Students Allowance (DSA’s)

Mental Health Conditions Specific learning disabilities

• Dependants GrantsChildcare grant

Parents Learning AllowanceAdult Dependants Grants

• University specific scholarships & bursaries

• Non-repayable

Further information can be found at www.gov.uk

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 ArtsA-Level/BTEC Grades

Scholarships

Applying for Student Finance

Online applicationwww.gov.uk/apply-online-

for-student-finance

Apply as early as possible

31st May deadline for guaranteed

money

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What 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

Supporter needs to fill in income details.

For this they may need evidence

• Gross Financial income for previous tax

year (unless 15%+ drop)

• National Insurance Number to verify

income

What happens next?

What happens next?

1. You can track the progress of your application by logging in.

2. Tuition paid directly to the university

3. Maintenance paid into your bank once your university has confirmed your enrolment (approx. 1 week).

4. A late application can result in late payment

5. You re-apply every subsequent year

Top Tips

Key Messages

• Don’t need a confirmed place at university to apply

• Make sure evidence needed is supplied first time

• RETURN the online declaration form!

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Consent to sharing information

Recap

Financial support available

Tuition Fee Loan Maintenance Loan

Paid direct to

university

Paid to you in

instalments

Up to £9250 Up to £8430

Repayable Repayable

• Optional

• Only make repayments once you’ve left university and your income is over £21,000 a year

• If you go below £21,000, repayments stop

The Student Room: • www.thestudentroom.co.uk/content.php?r=56

59-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:• www.youtube.com/user/SFEFILM

NHS Business Services Authority:• www.nhsbsa.nhs.uk/Students.aspx

Edge Hill University: University of the Year 2014/15