Download - Applying to Higher Education and the Financial Changes for 2012 Hayley Chancellor Head of Year 13
Applying to Higher Education and the
Financial Changes for 2012
Hayley Chancellor
Head of Year 13
What do our Year 12’s want to do?Question 1: Are you sure of what you want to do
when you leave the sixth form?
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69%
31%
Question 4: Of those that answered that they DO want to go to university, how many know what
course they want to study
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Percen
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Question 3: Are you planning on going to University?
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yes no
Perc
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48% have no idea what they
would like to study
88%would
like to go to university
• Career opportunities enhanced by having a degree
•Graduates are twice as likely to be employed as non-graduates, and are much more likely to be promoted to managerial and senior positions.
• 50% less chance of being unemployed
• Likely to earn on average £250,000 more over your lifetime than someone without a degree
• It’s challenging, rewarding and certainly enjoyable
Why go on to higher education?
Did you know…?Did you know…?• There are 304 institutions offering HE
courses
• There are 55,000 courses in the UK
• There are 780,000 UCAS applicants each year
• 40% of University applicants are from state schools
HOW ON EARTH IS IT POSSIBLE TO CHOOSE JUST 5????
THE PROCESS OF UCASTHE PROCESS OF UCAS Personal
Statement finalised Submit
UCAS Form
UCAS DEADLINE
EXAMS
Firm choicedecided/
Insurance choice decided (backup)
Uni Open DaysProspectus’
Med, Dentistry and Oxb. group
Start to get offers
What will the university do when they receive the
application form?
Excitement – first thoughts, (open days)
boredom
worry
Personal statement and decisions - Worry and stress
excitement
boredom
Research By:
The Emotional Journey
2009
No. of Applications No. of Acceptances
Medicine 69,869 7,967
Dentistry 11,755 1,217
Nursing 134,267 25,007
Sports Science 49,982 10,783
Psychology 80,850 15,397
Vet. Medicine 7,167 886
Law 91,459 17,402
English Studies 57,635 10,402
Training Teachers 46,949 8,007
History 46,970 8,552
Most competitive courses in 2010
• Exceptional GCSE profile – several A*-A grades
• May be entrance tests for some courses
• Academic rigour – evidence of time management, deadlines, handling a heavy work load
• Strong personal statement – rounded personality + extra curricular
• Strong well informed reference
Competitive Courses –Typical requirements
www.ukcoursefinder.com - Not sure about what course to do/ Submit online questionnaire www.ucas.com Look at courses/ entry requirements/ university linksLINK
www.unistats.com - student views
www.bma.org.uk - becoming a doctor
www.oxbridge-admissions.info
Helpful Websites
Research universities and courses at open days
• Book early
• Watch out for subject specific open days
Use
website to:
• Search
• Access open days calendar
• Book for many of them
• Get advice
• Subscribe to newsletter
UCAS Fair Revisio
n kit
Applicant DayOpen
DayMonthly Newslette
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Newsletter
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rOffer letter
Results Day
Guide
Applicant Day invite
Acknowledgement card
Prospectus request
Advert
Submit UCAS Form
Submit UCAS Form
UCAS deadline
UCAS deadline
ResultsResultsExamsExams
Firm choice
decision
Firm choice
decision
Monthly Newslette
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Newsletter
Monthly Newslette
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Newsletter
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Attend open day
Attend open day
Start Researching NOW!
• Tuition fees
• 22% of HE students drop out of university in the first year
• Use university websites to their full capacity.Contact course leaders/ admissions tutor
• Visit
The Location
• Live at home• Live away?• Preferred Regions?• Preferred Cities?• With friends?• With relatives?
The Institutions - branding• Campus – based on its own site (eg Keele,
Lancaster)• City – Located in the heart of the city ( eg
Manchester, UCL)• Collegiate – Made up of separate member colleges
(eg Cambridge, Durham)• ‘Russell Group’ (eg Bristol, Manchester,
Glasgow, Cardiff, Warwick) Top unis - research
• ‘Red Brick’ (eg Sheffield, Reading) Pre WWI• ‘New’ (eg Hertfordshire, Westminster) Post 1992
opendays.com website
Open Days
• A chance to see the university• A chance to meet the staff and students• A chance for students to determine “is it right for
me?”
BUT REMEMBER
• The university is trying to sell itself to you, you must dig below the surface.
UCAS Extra – End of Feb to the beginning of June
- For students who have used all 5 choices and had no offers back (5 rejections)
- Can apply for 1 course at a time
- There will be a decision from the university within 21 days
- This is preferable to clearing
- Everyone will meet minimum entry requirements - therefore apply for a course that has lower entry requirements than predicted grades to enable you to pass through the extra sifts
Oxbridge
• 3 students are interviewed per place – all have the entry requirements
• The interview is subject based – no questions on personality
• When you apply for Cambridge you could apply for a particular college if you do not get offered a place at this college you are put into a pool system with all the colleges
• When you apply to Oxford all decisions are made before Christmas
SEPT OCT NOV DEC JAN FEB MAR APRIL MAY JUNE JULY AUG SEPT
15TH OCTOBERDeadline for UCASApplications for
Oxford or Cambridge & Medicine, Dentistry
or Veterinary Science courses
15TH JANApplication
deadlinefor all other
courses
24TH MARCHApplication Deadline for
Art and Design courses
A LEVELRESULTS
FEB – JUNEUCAS EXTRA
JULY – SEPTCLEARING
IMPORTANT UCAS DEADLINES
Part 2:
Financial Changes for students applying for 2012 entry to HE
• Most details of the new student finance system are still subject to approval
• Most universities are likely to charge between £6,000 and £9,000 in tuition fees
• There will be no up-front fees for any UK/EU student
• Students applying in 2011 for a deferred entry will come under the 2012 fee regulations
4 Types of Finance
• Tuition Fees Loan
• Living Costs Grant
• Living Costs Loan
• Scholarships
Tuition Fees Loan
• Cannot pay fees up front
• Students can receive a repayable loan paid directly to the institution from Student Finance England
Living Costs Grant• Non repayable
• Dependent on:
- If household income is below £25,000 then a maximum grant of £3,850 is available
- If family qualifies for housing benefit, Armed Forces benefits, single parent family or they have a disability
• If household income is between £25,000-£42,600 then a partial sum is available
Living Costs Loan
• 65% of loan available is non-means tested with the remaining 35% dependent upon household income
• Repayable and dependent on:1. Household income – ranges on tiered basis from £3,850
grant + £3,875 Loan (Income £25k or less) to £3,875 loan only (income above £62.5k).
Example; An income of £40k would enable a grant of £523 + loan of £5,239
2. Where the student will be living i.e., at home, at uni, in London
National Scholarships Programme• Universities have to have a scholarship scheme if they are
charging £6,000+
• Eligible for a scholarship if:- The student lives in an area of a low progression to
university- Household income of less that £25,000- Has incapacity benefits- Is a looked after child (using statutory definition)
CHECK ELIGIBLILTY AFTER JULY 11th
University of Hertfordshire Scholarship Scheme
• If predicted over 360 UCAS points (3As)• They will receive a bursary of £3,000• 60 available each year
Need to apply by April 15th 2012 to be considered
• Enquire at chosen universities!
Repaying the fee loans• Repay from April after graduation
• Taken straight from pay if graduate earns over £21,000 salary
• Pay back 9% of what you earn over £21,000 via monthly payments (PAYE – Pay As You Earn Scheme)
• If the student has debt left after 30 years the loan will be written off
• Interest is payable on student loans and is variable depending on income Whilst studying RPI +3%,
<£21k RPI 21k to 41k tiered
> £41,000 RPI+3%
Repayments ProposalRepayments ProposalEarnings Current System New 2012 system
Annual Repayment
Monthly paypacket
reduction it's equivalent
to
Annual Repayment
Monthly pay packet
reduction it's equivalent
to
£15,000 Nothing Nothing Nothing Nothing
£16,000 £90 £7.50 Nothing Nothing
£21,000 £540 £45 Nothing Nothing
£22,000 £630 £52.50 £90 £7.50
£30,000 £1,350 £112.50 £810 £67.50
£40,000 £2,250 £187.50 £1,710 £142.50
£50,000 £3,150 £262.50 £2,610 £217.50
Points of Interest…• The new system is unlikely to impact the ability to get a mortgage
Future graduates will have more income after tax and loan repayments (net income) - which makes saving for a deposit and repaying a mortgage in the years after graduation easier.
• The Council for Mortgage Lenders (the mortgage company trade association) has said "A student loan is very unlikely to impact materially on an individual's ability to get a mortgage but the amount of mortgage available may depend on net income."
• You may not be allowed to repay early
• Students from, or going to, Welsh, Scottish and Northern Irish unis may have different rules
• Many people will never pay it all back
• Think of it like a graduate tax not a loan
Plan Finances Now
IncomeLiving costs loan / grant
Parental help and support
Gap year earnings
Part time work (up to 15 hours recommended p/w)
Scholarships
Holiday work
Placement work (if applic)
Expenditure
Food TV Licence
Rent Phone
Bills Household items
Clothes
Car Clothes
Travel Memberships
Text books/ stationery Sports clubs
Socialising – bar bill!
University of Hertfordshire
Fees
• £5,800 for a Foundation Degree• Undergraduates: Band 1: £7,400
Band 2: £7,800
Band 3: £8,500
Most courses in band 1 or 2 with
the average course costing
£7,500
All university fee proposal plans subject togovernment approval on Monday 11th July
http://yourfuture.direct.gov.uk/http://yourfuture.direct.gov.uk/
THANK YOU FOR LISTENING