student finance. part time 2015 entry. the cost of higher education there are two main costs...

Student Finance.Part time2015 entry

The Cost of Higher Education• There are two main costs associated with

studying a higher education course:

• Tuition Fees (£6,750max)

• Maintenance Costs

• For part time students there is a loan available to cover the full cost of the tuition fees

• However there are no Government loans to help with living costs

18/04/23 © The University of Sheffield

Tuition fee loan• Available to all home and EU students

• Students can’t already hold a qualification equal to or higher than the one you wish to study for

• Students must be studying at a course intensity of at least 25%

• The tuition fee loan will cover whatever the tuition fee is each year (up to £6,750)


Applying for a tuition fee loan• Apply online

• www.gov.uk/student-finance


Support from the University of SheffieldPart time

•There is a University Bursary available to part-time students – you must be studying a FTE of at least 50% (60 credits)

•Financial Support – small grants available for childcare and additional travel costs


Household income Bursary per year

£0 – 25,000 £1,500

£25,001 – 30,000 £625

£30,001 – 35,000 £500

£35,001 – 42,620 £375


Sheffield Bursary Scheme

You have the choice of taking your bursary as a direct payment or as a partial fee waiver (reducing the amount tuition fee loan required)


• Students on the full-time, foundation programme with DLL with a household income of less than £25,000 will automatically receive a bursary of £3,000 regardless of postcode and grades.

Sheffield Bursary Scheme

Repaying your student loan

• Repayments start:

- The April after you graduate

- When you are earning over £21,000

• Interest is charged

• Anything unpaid after 30 years is written off


• You pay back 9% of anything over £21,000 that you earn

• Therefore if you earn £22,000; you repay 9% of £1000 - £90 per year or £7.50 per month

• Repayments are based on what you earn not what you owe


Repaying the loans

Financial Support Fund • Registered students can apply to the Financial

Support Fund

• Financial support contributes towards the additional costs incurred while you study

• These maybe awarded to cover extra childcare costs whilst you are studying

• In certain cases the fund may cover exceptional travel costs

• Students whose DSA does not cover all their additional study costs may receive an award


You can apply for disabled student’s allowance (DSA) if you are studying more than 30 credits and have a:•Disability or long-term health condition

•Mental health condition

•Specific learning difficulty such as dyslexia or dyspraxia

Your household income is not taken into account and the DSA’s will pay for some additional support your disability requires for you to study at university


Disabled Students Allowance

• As a part-time student you can usually still claim benefits which depend on your household income (means-tested benefits), such as income-based Jobseekers Allowance, Housing Benefit and Local Housing Allowance

• Your fee loan will not be treated as income when assessing any means-tested benefit

• You are not entitled to a Council Tax exemption, however you may be eligible for Council Tax Reduction


Benefits

Further support

• Student advice centre

[email protected] /0114 222 8660

• Financial support team

[email protected] /0114 222 1319


Thank you for listening

student finance. part time 2015 entry. the cost of higher education there are two main costs...

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