You, Money And University Kelly Parkins [email protected]
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You, Money And University Kelly Parkins [email protected] . You CAN Afford To Go To University. You Do Not Pay Tuition Fees Up Front ● Maintenance Loans And Grants Help You Financially While You Study ● You Only Start Paying Once You Earn Above £21,000 ● - PowerPoint PPT Presentation
Transcript of You, Money And University Kelly Parkins [email protected]
You CAN Afford To Go To UniversityYou Do Not Pay Tuition Fees Up Front ●
Maintenance Loans And Grants Help You Financially While You Study ●
You Only Start Paying Once You Earn Above £21,000 ●
If You Earn £25,000 A Year You Will Pay Only £30 A Month ●
After 30 Years Any Remaining Debt Is Wiped ●
You Can Work Up To 16 Hours A Week While You Study ●
You Will Be Entitled To Student Discounts ●
• This Loan Helps With Your Living And Learning Costs
• This Will Be Paid Directly Into Your Bank Account In Three
Instalments
• The Amount You Receive Will Depend On Your Family’s Income
• This Loan Is Repayable (After Graduation)
Maintenance Loan
You Are Entitled Up To £3,354 If Your Family Incomes Is Up To £25,000
●
You Are Entitled To A Partial Grant For An Income Of £25,000 - £42,611
●
This Will Be Paid Directly Into Your Bank Account In Three Instalments
●
•Means Tested And Non-repayable ●
Maintenance Grant
Student Loan Support Package 2013/14*Household
IncomeMaintenance
Grants Maintenance Loans Total
£25,000 or less £3,354 £3,823 £7,177 £30,000 £2,416 £4,292 £6,708 £35,000 £1,478 £4,761 £6,239 £40,000 £540 £5,230 £5,770 £45,000 £0 £5,288 £5,288 £50,000 £0 £4,788 £4,788 £55,000 £0 £4,288 £4,288 £60,000 £0 £3,788 £3,788 Over £62,500 £0 £3,575 £3,575
For Students Living Away From Home But Not Living in London*
• Create A Student Finance Account At:
www.studentfinance.direct.gov.uk
• You Will Need Your UCAS Details To Login
• Your Household Income Needs Submitting (Parents Can Submit This)
• Give Permission For Your Information To Be Shared As You May Be
Entitled To Bursaries Or Scholarships
• Everything Student Finance Asks You To Send, Post ASAP
How Do I Apply For Student Finance?
You
Parents
What Does Your Student Finance Cover?
What Money Might I Have Coming In?
Estimated Living Costs In BradfordDescription 42 weeks 51 weeks
Accommodation £2,100 to £4314 £2,550 to £5,239
Food, Toiletries And Laundry £1,680 £2,040
Books, Photocopying, Printing £420 £510
Insurance For Personal Possessions £70 £70
Transport £420 £510
Initial Set Up Costs £300 £300
ESTIMATED TOTAL £4,990 to £7,204 £5,980 to £8,669
What Do You Spend Your Money On?Example:£3.00 Meal Deal week days £750 per year70p Chocolate Bar Daily £255 per year£1.15 Bottle of Coke Daily £419.50 per year£25 Monthly Mobile Contract £300 per year£10 ITunes Monthly £120 per year£50 Clothes Monthly £600 per year£10 Weekly Travel £520 per year20 Cigarettes a day £2,588 per year!£20 Misc Expenses Monthly £1,040 per yearHOW MUCH IS THIS A YEAR: ????
£6,592!
Useful Websiteswww.ucas.com - University application form & bursary informationwww.bursarymap.direct.gov.uk - Information about bursaries www.direct.gov.uk/studentfinance - Information about finance, application form student & finance calculatorwww.aimhigher.ac.uk - Information about going to university, finance etcwww.studentsurvivor.org.uk - Test your budgeting skills and keep a student alive for a week!www.moneysavingexpert.com/shopping/demotivator/ - Look at what you spend your money on
