money to study – a guide to funding your studies in 2014
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Money to study – a guide to funding your undergraduate studies in 2014by the University of South Wales Student Money Advice TeamTRANSCRIPT
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© University of South Wales
Money to study – a guide to funding your studies in 2014
Student Money Advice Team
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Degree - £8,250 or £9,000 yr *
Foundation Degree, HND or Foundation Year - £6,750 yr *
* Subject to HEFCW approval
Support for fees
England – Tuition Fee Loan up to £9,000
Wales – Tuition Fee Loan of £3,575 andTuition Fee Grant to cover rest of fee
© University of South Wales
Tuition Fees - 2014/15
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Support for Living Costs in 2014/15
Maximum Maintenance Loan for Wales - £5,150 England - £5,555
75%65%
25%35%
Non- income assessed
WalesEngland
Based on Income assessment
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Support for living costs
Grants & Loans for Welsh students living elsewhere in 2013/14
Household Income
Grant Loan Total
< £18,370 £5,161 £2,575 £7,736
£25,000 £3,347 £3,477 £6,824
£30,000 £2,099 £4,101 £6,200
£34,000 £1,142 £4,579 £5,721
£40,000 £734 £4,783 £5,517
£45,000 £393 £4,954 £5,347
£50,020 £50 £5,125 £5,175
£50,753 £0 £5,150 £5,150
£57,188 £0 £3,863 £3,863
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© University of South Wales
Support for living costsGrants & Loans for English students living Elsewhere in 2014/15
Household Income
Grant Loan Total
£25,000 or less £3,387 £3,862 £7,249
£30,000 £2,441 £4,335 £6,776
£35,000 £1,494 £4,808 £6,302
£40,000 £547 £5,282 £5,829
£42,620 £50 £5,530 £5,580
£42,875 £0 £5,555 £5,555
£45,000 £0 £5,341 £5,341
£50,000 £0 £4,836 £4,836
£55,000 £0 £4,331 £4,331
£60,000 £0 £3,826 £3,826
Over £62,132 £0 £3,610 £3,610
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Repayment of Loans
Repayments start once earning £21,000 per year
Interest is based on Inflation Rate plus 3%
Annual Income
Less than £21,000
£25,000 £30,000 £35,000 £40,000
Monthly repayments
Nil £30 £67.50 £105 £142.50
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Disabled Students Allowance
Parents Learning Allowance
Childcare Grant
Adult Dependants Grant
Special Support Grant
Assessment is based on individual circumstances
Additional Funding from the Government
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•Guaranteed place in halls in first year of study•£1,500 towards your accommodation in first year of study To qualify:
•Be personally liable to pay the full UK home rate tuition fee as applicable to your course •Live 45 miles + from Treforest campus (CF37 1DL)•Apply through UCAS for full-time honours degree at the University by 15th January 2014.
See website for further details
© University of South Wales
Centenary Bursary
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• Worth £750 plus an iPad
To qualify:
• Undertaking full-time honours degree
• Achieve 320 UCAS points
• Apply through UCAS for full-time honours degree at the University by 15th January 2014.
See website for further details© University of South Wales
Flying Start Scholarship
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Further scholarships and bursaries are available including:
• GradEdge Bursary• Sports scholarships• Welsh Medium scholarships• Many more…
See website for further details
© University of South Wales
Support from the University of South Wales
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Loans and grants:
Welsh applicants apply via Student Finance Wales: www.studentfinancewales.co.uk
English applicants apply via Student Finance England: www.direct.gov.uk/studentfinance
Scottish applicants apply via Student Awards Agency for Scotland:www.saas.co.uk
Northern Irish applicants apply via Student Finance Northern Ireland:www.studentfinanceni.co.uk
Centenary Bursary & Flying Start Scholarship:
Apply using online link by 26th April 2014.
© University of South Wales
How to apply
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Other Costs to consider:
• Students should be aware of other less obvious costs they may
need to consider can include:• field trips • clubs/societies, • TV licence, etc. • Course costs – these can vary depending on course being studied.
• Average living costs per campus can be found on the University website
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Tel: 01443 483778Email: [email protected]: http://www.southwales.ac.uk/money/
© University of South Wales
Student Money Advice Team