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Student Funding 2012/13 entrants

Student Funding 2012/13 entrants. How can I afford to go to university?. Tuition Fee Loan Grants Student Loan Repayments Financial Capability. Tuition Fees 2012/13. National Assembly for Wales Recommends: Basic tuition fees of £4,000 p.a. in Wales UK Government recommends:

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Student Funding 2012/13 entrants

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  1. Student Funding2012/13 entrants

  2. How can I afford to go to university? • Tuition Fee Loan • Grants • Student Loan • Repayments • Financial Capability

  3. Tuition Fees 2012/13 National Assembly for Wales Recommends: Basic tuition fees of £4,000 p.a. in Wales UK Government recommends: Basic tuition fees of £6,000 p.a. in England Maximum tuition fees that can be charged is £9,000p.a

  4. How will I pay my tuition fees? • Tuition fee loans are available to all eligible students • Covers whole of the tuition fee • Paid directly to the university • Students repays after they have graduated

  5. The New Tuition Fee Grant • Welsh domicile • Liable for the first £3,465 • Fees over £3,465 will be covered by the Welsh Assembly Government • Can study anywhere in the UK • Not means tested • Not repayable

  6. Grants for living costs Grant paid in 3 instalments

  7. Maintenance Loan Maximum loan available for Welsh domicile students - £4,745 (Living away from home rate) Maximum Loan available for English domicile students - £5,500 (Living away from home rate) The amount of loan you receive will be dependant on the level of grant you receive Loan paid in 3 instalments

  8. How to apply for funding

  9. Repaying your student Loan • Tuition fee & maintenance loan repaid together • Repayments are income contingent • Interest is linked to inflation plus 3% • Loan written off after 30 years (Wales - £1500 written off maintenance loan debt at repayment) Examples of repayment amounts

  10. Additional funding Non Income assessed - Disabled Students’ Allowances to help with extra costs of studying related to disability or dyslexia Income assessed - Allowances if you have children Child Care Allowance Adult Dependants Grant Awards are in a form of a grant & do not have to be re-paid

  11. Useful web addresses www.direct.gov.uk/studentfinance www.studentfinancewales.co.uk www.delni.gov.uk/studentfinance www.saas.gov.uk Check for updates on student funding and apply online

  12. Financial Capability Money Doctors “The Money Doctor’s initiative at Cardiff University is part of a national project aiming to improve students' financial capability, led by the Consumer Financial Education Body”

  13. Money Doctor’s Initiatives • Cardiff University Student Support iApp • Budgeting Sessions • Taste Test • Basket Challenge • Energy Efficiency • Recycle Christmas • Swap shop

  14. £182 £5 Where will my money go? Weekly amount of Loan and Grant for Living Costs • Hall–SC en-suite £75 • Food £30 • Toiletries/laundry £6 • Books/course £10 • Travel (inc. travel home) £8 • Phone, T.V, Insurance £10 • Social/leisure £28 • Clothes £10 • Total £177 p/w Total left over per week:

  15. Maximising your income BOGOF offers Part time work Choosing the right bank account Student discount in shops, cinemas & pubs Rail cards Buy Second hand books

  16. Keep up dated www.cf.ac.uk Current students ↓ Student support

  17. Contact us 50 Park Place, Cathays Park Campus 029 2087 4844 2nd Floor, Cardigan House, Heath Park Campus 029 2074 2070 studentsupportcentre@cardiff.ac.uk www.cardiff.ac.uk/studentsupport

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