student finance 2017-18€¦ · student finance 2017-18 • tuition fee support • maintenance...
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Edge Hill University: University of the Year 2014/15
Student Finance 2017-18
• Tuition Fee Support
• Maintenance Support
• Repaying Student Loans
• Scholarships & Bursaries
• Any Questions?
Student Finance
Tuition Fees
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Tuition Fees
OUT
IN
• Lectures, seminars and tutorials
• Compulsory course field trips
• Professional Body Examination Fees
• University support services
• Access to university library
• Access to computer facilities
• Administrative costs
• Membership of a students’ union
What do tuition fees cover?
• 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
What do students need money for?
Edge Hill UniversityEdge Hill University
Average Accommodation = £147
£72 per week
£119 per week
Edge Hill University
Recent Awards…
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 Student Maximum Loan Amount from SFE
Parental Home £7,097
Elsewhere £8,430
London £11,002
Overseas £9,654
Maintenance Loan
Household Income
Continuing Student 2016/17*
New Student2017/18*
£25,000 & under £7,784 £8,430£30,000 £7,298 £7,825£35,000 £6,812 £7,220£40,000 £6,325 £6,615£45,000 £5,810 £6,009£50,000 £5,262 £5,404£55,000 £4,714 £4,799£60,000 £4,166 £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
If income has dropped by more than 15% you can request a current year assessment
Income Assessment
Professional Health Courses
Professional Health Services
From 2017/18, they now come into line with all other
university courses
e.g. Nursing, Midwifery, Paramedic Practice and
ODP
Pay Tuition fees and receive a maintenance loan through Student Finance
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 from
Monthly 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
After 30 years of repaying, whatever’s
left over is written off completely
You will only ever repay from when
you’re earning above £21,000
Repaying Student Loans
If you move or work overseas,
repayments will still be taken
• Early repayment not particularly advised
• Repayments taken directly from salary
• Repayments stop if salary does
Repaying Student Loans
Whilst studying and until the April after leaving the course RPI plus 3% (6.1%)
From April after leaving the course Salary Interest charged
≤ £21,000 RPI Only (3.1%)
£21,000 - £41,000 RPI + up to 3%
≥ £41,000 RPI + 3% (6.1%)
Additional Support,Scholarships & Bursaries
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
Excellence Scholarship
• Full-time undergraduate degree
• Nothing to do with your financial situation, degree subject or academic
achievement
Demonstrate determination, commitment and achievement outside your studies.
Creative Arts
ICT and Enterprise
Performing Arts
Volunteering and Citizenship
Worth £2,000 (4 installments in first year) + discounted membership
Sports Scholarship
• Full-time undergraduate degree nothing to do with your financial
situation, degree subject or academic achievement
• Worth up to £1000 per year
• Talented at sport - competitive level
• Three levels of scholarship (Gold, Silver & Bronze) with different benefits
and qualification criteria
• Progress in both your sporting andacademic pursuits to have the scholarship renewed annually
High Achievers & Liverpool ScholarshipsHigh Achievers Scholarship
• Full-time and accepted a place• 144 UCAS points in your final exams (from a
maximum of three grades)• Up to £1,000 and discount card for the Arts
Centre• Automatically assessed and contacted by
letter
Liverpool Scholarship
• Full-time domiciled in the City of Liverpool with highest UCAS Tariff Score
• Up to £3,000 in instalments (Amount varies if more than one student)
• Students awarded a Liverpool Scholarship may not be able to receive High Achievers
• Automatically assessed and contacted by letter
Not usually eligible for both
‘Try before you buy’ 4-week Premier membership trial period at the gym for on-
campus students – after that, membership is subsidised for remainder of the residential
contract period
Students can also join The Arts Centre for free and
receive four free tickets per season to see any
performance or film of their choice!
Other university perks!
Applying for Student Finance
Online application
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 details after students start application
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
Don’t immediately need any evidence but good to save it in case!
Will also be asked for the number of dependants who are both wholly, and
partially, financially dependent on you (the supporter)
Supporting an application
What happens next?
What happens next?
1. You can track the progress of your application by logging in.
2. When you arrive at university you will receive your money
3. Tuition paid directly to the university
4. Maintenance paid into your bank once your university has confirmed your enrolment (approx. 1 week).
5. A late application can result in late payment
6. You re-apply every subsequent year
Top Tips
Key Messages
• Apply early – can take six weeks or longer in some cases!
• Don’t need a confirmed place at university to apply
• Apply with preferred choice
• Agree to share information – grants, bursaries
• Make sure evidence needed is supplied first time
• Apply even if delay in supporter income details
• RETURN the online declaration form!
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Consent to sharing information
Edge Hill Works Free service
Help to find part-time/temporary/holiday
work
Bar work/care work/IT, Mentoring/Tutoring/Office/Retail/Student Guides/Ambassadors
Work AbroadDISNEY
Camp AmericaCCUSA
Part-time work
Recap
Financial support availableTuition Fee Loan Maintenance Loan
Paid direct to university
Paid to you in instalments
Up to £9250 Up to £8430Repayable 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
Summer Residentials
Summer Residentials 2017
Gain an understanding of what university-level work is
Experience life as a student living on campus
Meet other students interested in your subject area
Work with current Student Guides
Places are fully funded
•Visit: ehu.ac.uk/y12res
ehu.ac.uk/y12res
Summer Residential Weeks
JULY31st –August 3rd 2017
AUGUST 7th – 10th
2017• Advertising & Design • Animation • Creative Performance• Creative Writing• Dance• Drama • English Language• English Literature• Film & TV Production • History• Music • Musical Theatre• Public Relations• Social Sciences • Sport and Physical Activity
(Physical & Social)
• Applied Health and Social Care • Biology• Business/Economics/Accountancy
/Marketing• Computer Science• Geography• Geology• Law, Criminology & Policing• Professional Health• Psychology• Teaching & Education
• Early Years and Primary age group (0-11)
• Secondary age group (11-19)
ehu.ac.uk/y12res
Day 1 Day 2
Registration and Induction Personal Statement Introduction Get to meet your department Introduced to your Independent project Campus Tour & Library Induction Evening Activity!
Academic Workshops Application Advice
drop in Study time for
Independent project Societies night!
Residential Timetable
ehu.ac.uk/y12res
Day 4
Day 1
Day 3
Day 2 Registration and Induction Personal Statement Introduction Get to meet your department Introduced to your Independent Project Campus Tour & Library Induction Evening Activity!
Academic Workshops
Application drop in Study time for
project Societies night!
Academic Workshops Optional alternative
accommodation tour Celebration dinner Edgefest!
Room checkout Residential and Personal
Statement summary Student marketplace: including
student services and finance Residential Close Optional tour of Ormskirk
Residential Timetable
ehu.ac.uk/y12res
Any Questions?
Open Days
Saturday 17th June 2017Saturday 19th August 2017
www.edgehill.ac.uk
Edge Hill University: University of the Year 2014/15