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Student Finance 2010-11 Monica Kulkarni Senior Student Recruitment Officer

Division of Marketing and Communications. Student Finance 2010-11 Monica Kulkarni Senior Student Recruitment Officer. www.le.ac.uk. Funding - Maintenance Loan - Maintenance Grant - Bursaries - Scholarships - Case studies - How to apply Budgeting. Funding.

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Student Finance 2010-11 Monica Kulkarni Senior Student Recruitment Officer

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  1. Division of Marketing and Communications Student Finance 2010-11Monica KulkarniSenior Student Recruitment Officer www.le.ac.uk

  2. Funding - Maintenance Loan - Maintenance Grant - Bursaries - Scholarships - Case studies - How to apply Budgeting

  3. Funding

  4. Previous study • Previous degree attendance affects your student support entitlement – seek advice • Holders of UK Honours degree or overseas equivalent – no entitlement to Fee Loan, Maintenance Loan or Maintenance Grant • Tuition fees can be charged at variable rates – check with chosen university

  5. Bursaries • Automatically receive minimum £329 if receive Maintenance Grant • At Leicester, maximum £1,384 depending on household income • Paid by Student Finance England • Paid automatically to bank account in February or March

  6. Scholarships • University of Leicester Scholarships (most disciplines) • £1,000 • AAB in A Levels (or equivalent) • Eliahou Dangoor Scholarships (STEM subjects) • AAA in A Levels

  7. Case Study A: Anjali, Leicester • Household income £25,000, away from home • Tuition Fee Loan = £3,290 • Maintenance Loan = £3,497 • Maintenance Grant = £2,906 • Leicester Bursary = £1,319 • £198 per week for 39 weeks • Will owe approx £20,300 on graduation • Earning £24,000 = repayments of £67.50 per month / £16 per week

  8. Case Study B: Mark, Leicester • Household income, £70,000, away from home • Tuition Fee Loan = £3,290 • Maintenance Loan = £3,564 • Maintenance Grant = £0 • Bursary = £0 • £91 per week for 39 weeks • Will owe approx £20,500 on graduation • Earning £16,000 = repayments of £7.50 per month / £1.70 per week

  9. How to apply • Apply through Student Finance England online • Means testing based on previous tax year (i.e. 5th April 2010) • Can apply for “Current Income Assessment” if income changes (more than 15%) • Link to UCAS application • www.direct.gov.uk/studentfinance

  10. Budgeting

  11. Budgeting

  12. Further information • Student Finance England: • www.direct.gov.uk/studentfinance • UCAS: • www.ucas.com/students/studentfinance • University of Leicester funding: • www.le.ac.uk/fees • EGAS (Educational Grants Advisory Service): • www.egas-online.org.uk • Scholarship Search: • www.scholarship-search.org.uk • Uniaid: • www.uniaid.co.uk

  13. In summary • Current fees covered by Tuition Fee Loan • Means tested Grant and Loan • Bursaries and Scholarships • Build a realistic budget • Throw away those credit cards!

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