www.gov.uk/studentfinance

2017/18

Staffordshire University Teachers & Advisers’

Conference

Ahmar Ehsan

Funding Information Partners Account Manager

2017/18

i

• 2017/18 Student Finance Policy

• NHS Student Funding Reform

• Loan Repayments Overview

• Resources

i SECTION CONTENTS

2017/18

iKey communication objectives for AY 2017/18 include:

• Introduction of the TEF and Year One Tuition Fee increases to £9,250

• Reforms for NHS funded courses

• Raising repayment awareness for students exiting HE and FE

Proposals for AY 2018/19 include:

• Introduction of Maintenance Loans for Part-Time students

• Introduction of loans for PhD Courses

STUDENT FINANCE ENGLANDINTRODUCTIONi

2017/18

STUDENT FINANCE 2017/18POLICY OVERVIEW – TUITION FEES & LOANS

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2017/18

STUDENT FINANCE 2017/18POLICY OVERVIEW

Higher Education providers with an OFFA Access Agreement achieving a

Teaching Excellence Framework (TEF) rating of Meets Expectations in year

one will be able to charge up to £9,250 in tuition fees for a full-time course:

• Students at publicly funded HEP’s will be able to apply for a non means-

tested Tuition Fee Loan of up to £9,250 to meet course costs

• Students at privately funded HEP’s in England will be able to apply for a

non means-tested Tuition Fee Loan of up to £6,165

• Maximum fee levels have risen 2.8% in line with forecast inflation

• SLC pay a Tuition Fee Loan directly to a university or college

2017/18

SECTION 1 MAINTENANCE SUPPORT2016 COHORT FULL-TIME STUDENTS

(NOT ELIGIBLE FOR BENEFITS, OR AGED OVER 60)

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2017/18

Revised package of Maintenance Support for new entrants into Higher

Education in A/Y 2017/18 (2016 Cohort):

• The maximum levels for Maintenance Loans and supplementary grants

will be increased by forecast inflation rate of 2.8% for A/Y 2017/18

• The maximum levels of Maintenance Loan have increased to;

• £11,002 for those previously entitled to Maintenance Grant

• £11,998 for those previously entitled to SSG (excl those aged over 60)

• £3,566 for those aged over 60

MAINTENANCE SUPPORT2016 COHORT FULL-TIME STUDENTS

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2017/18

Full Year

Student*Maximum Loan

(100%)

Non-Income

Assessed(% of Max Loan)

Income Assessed(% of Max Loan)

Parental Home £7,097 £3,124 44% £3,973 56%

Elsewhere £8,430 £3,928 46.6% £4,502 53.4%

London £11,002 £5,479 49.8% £5,523 50.2%

Overseas £9,654 £4,667 48.3% £4,987 51.7%

*Lower amounts available for final year students

2016 cohort F/T students, not eligible for benefits or aged over 60

MAINTENANCE SUPPORTFULL YEAR MAINTENANCE LOAN RATES

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2017/18

Household

Income Home Elsewhere London

£25,000 & under £7,097 £8,430 £11,002

£30,000 £6,499 £7,825 £10,387

£35,000 £5,901 £7,220 £9,771

£40,000 £5,303 £6,615 £9,155

£45,000 £4,705 £6,009 £8,539

£50,000 £4,107 £5,404 £7,924

£55,000 £3,509 £4,799 £7,308

£60,000 £3,124 £4,193 £6,692

2016 cohort F/T students, not eligible for benefits or aged over 60

MAINTENANCE SUPPORTMAINTENANCE LOAN ENTITLEMENT

Students can get an estimate of their student finance entitlement

using the calculator on gov.uk/studentfinancei

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2017/18

NHS FUNDED COURSESNHS STUDENT FUNDING REFORM

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Information in this section is a high level notification of

policy intent and is subject to change and clarification!

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2017/18

As part of the NHS bursary reforms; from 1 August 2017, new Nursing,

Midwifery and Allied Health students studying in England will no longer

receive the current package of NHS grants and bursaries:

• Instead, they will have access to the same student finance system* as

other undergraduate students

• This means that Nursing, Midwifery and AHP students will be funded by

DfE in exactly the same way as students on other eligible HE courses

• Students studying Nursing, Midwifery and Allied Health subjects as a

second degree in England will also be eligible to apply for the full

package of support administered by SFE

NHS STUDENT FUNDING REFORMNEW POLICY INTENT

*All full-time and part-time support products - Tuition Fee Loan,

Maintenance Loan, Targeted Grants and DSA at the same ratesi

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2017/18

The intention of this new policy is to allow more nurses, midwives and allied

health professionals into the NHS by removing restrictions on the number of

available student places: c.10,000 additional university places by 2020

• Under the loans system administered by SLC, students on Nursing,

Midwifery and Allied Health courses will receive around a 25% increase

` in the financial support available to them for living costs*

• In addition to the SFE finance package, eligible students will be able to

access additional support from the NHS Bursary Service if they incur

extra travel costs, have child dependants or study eligible part-time or

postgraduate courses

NHS STUDENT FUNDING REFORMNEW POLICY INTENT

*Compared to the combined NHS bursary and student loan systemi

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2017/18

Maximum Total Support

(By Student Location)

NHS Bursary

Scheme

DfE Loan

System

Difference

(£)

London £8,750 £12,058 £3,308

Outside London £6,975 £9,256 £2,281

Living At Home £5,623 £7,588 £1,965

NHS STUDENT FUNDING REFORMCOMPARISON OF STUDENT SUPPORT RATES

From - https://consultations.dh.gov.uk/workforce/healthcare-education-

funding/supporting documents/NHS%20bursary%20consultation%20April%202016.pdfi

Based on 2016/17 Academic Year, 42 Week Course:

2015/162017/18

STUDENT LOAN REPAYMENTSOVERVIEW

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2017/18

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Students won’t make repayments until their future income is over £21,000

a year gross (before tax), or the weekly/monthly equivalents:

• If they study a full-time course, students will be due to start repaying in

the April after graduating from/leaving higher education

• They’ll repay 9% of any income earned over £21,000 and if employed,

deductions will be made from their pay through the HMRC tax system*

• If their income falls to £21,000 or below their repayments will stop

• Any outstanding loan balance will be written off 30 years after entering

repayment

*If students move or work overseas, repayments will be 9% of any

earnings over the threshold for the country they are living ini

STUDENT LOAN REPAYMENTSAN OVERVIEW

2017/18

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www.studentloanrepayment.co.uk

STUDENT LOAN REPAYMENTSDEDICATED WEBSITE

2017/18

SFE RESOURCESFOR PRACTITIONERS AND STUDENTS

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2017/18

SFE RESOURCESDEDICATED PRACTITIONER WEBSITE

www.practitioners.slc.co.uk

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2017/18

SFE’s dedicated zone on The Student Room has everything students and

parents need to understand student finance, applications and repayments:

• Links to Resources

• Step–by–Step Guides

• Q&A Surgeries

• Student Forums

• Official SFE Information

SFE RESOURCESTHE STUDENT ROOM

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2017/18

SFE RESOURCESSFE ON YOUTUBE – WWW.YOUTUBE.COM/SFEFILM

The SFE YouTube channel hosts our range of videos for students, their

sponsors and practitioners, covering the main areas of student finance

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2017/18

www.thestudentroom.co.uk/studentfinance

www.youtube.com/SFEFILM

www.twitter.com/sf_england

www.facebook.com/SFEngland

SFE ONLINEFOR MORE INFORMATION AND RESOURCES

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2017/18

Issue 4 content includes:

• Student finance changes for 2017/18

• Funding for healthcare courses

• Helping students understand interest

• Focus on payments and processing

Issue 4 of our online magazine for teachers and student finance advisors is

available NOW, with more great articles and student finance updates!

SFE RESOURCESEXCHANGE - THE PRACTITIONERS E-MAG

www.gov.uk/studentfinance

2017/18