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Student Finance

Student Finance. Tim Pilkington Higher Education Adviser. Introduction. What university will cost Financial support available How to apply. UEA Square. Tuition Fees. Cost of courses - £6,000 - £9,000 / year Fees don’t have to be paid before or during the course!

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Student Finance

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  1. Student Finance Tim Pilkington Higher Education Adviser

  2. Introduction • What university will cost • Financial support available • How to apply UEA Square

  3. Tuition Fees • Cost of courses - £6,000 - £9,000 / year • Fees don’t have to be paid before or during the course! • Fee loan available to full time students, paid directly to the university • £21,000 repayment threshold • Repayments linked to what you earn not what you owe • Apply through Student Finance England

  4. NHS courses • Nursing; Midwifery; Physiotherapy; Occupational Therapy; Speech and Language Therapy – pay NO FEES • Non-means tested Grant from NHS - £1,000 • Means tested Bursary from NHS • Reduced rate Living Cost Loan • Medicine and Dentistry courses – final year funded by NHS • Social Work • www.nhsbsa.nhs.uk/students

  5. Living Cost Loan • Living costs – books, accommodation • 65% of loan for everyone (35% is means tested • Paid in 3 installments (direct to student) • Repayable (£21,000) • Apply through Student Finance England

  6. Living Cost Grant • Non-repayable grant (Living cost grant): • Apply for grant through Student Finance England

  7. University support: Bursaries • Bursaries – dependent on household income • Non-repayable * This includes any support that may be given for a Foundation Year.

  8. University support: Scholarships • Based on academic achievement • Non-repayable

  9. University support: Scholarships • Subject specific scholarships

  10. What you may be eligible for

  11. How to apply – Student Finance England • Tuition Fee Loan, Living Cost Loan, Living Cost Grant • Apply online – www.gov.uk/student-finance • Apply in the Spring of the year you go to university • Need NI number, bank details, income & course information • Deadline to submit • Fewer screens – list of eliminating questions • Enhanced student finance calculator

  12. How to apply

  13. Making repayments • An example • A student finishes their degree in July 2016 • Their salary is £25,000, so they earn £4,000 in excess of £21,000 • Their repayments are calculated at £30 per month (9% of £4,000/12) • From April 2017 £30 is deducted from the graduates’ wages via PAYE • Interest rates: • During course you will be charged RPI plus 3%

  14. Repayment system

  15. More information • www.gov.uk/studentfinance • www.nhsbsa.nhs.uk/students • www.uea.ac.uk/finance UEA accommodation

  16. Additional income • Part time work – over 40% have term time jobs • Holiday work – 90% of students work in holidays • University job shops • Work related to course/career UEA bar

  17. Any questions? OPEN DAYS 2013: 22 June 5July 14 September www.uea.ac.uk www.facebook.com/studyatuea 3rd in the Times Higher Education Student Experience Survey 2011 World top 150, European top 100, UK top 20 (Guardian League Table 2012)

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