STUDENT FINANCE FOR HIGHER EDUCATION

HOW TO APPLY FOR STUDENT FINANCE?

• On-line application form

• www.gov.uk/studentfinance

• Student Helpline - 0845 300 5090

• Register and apply online

• Student Calculator – gives you an idea

• Can start applying online……..TBC

TUITION FEES

• For 2013/2014 the tuition fees are up to £9,000 per year.

• Check exact fee with University

FINANCE AVAILABLE

• Tuition Loan

• Maintenance Loan

• Maintenance Grant

• Bursaries

• Scholarships and Awards

TUITION LOAN

• A tuition loan will pay the tuition fees for the course you are going on to.

• You will not pay this back until you are earning over £21,000 per year.

• The interest rate you pay is linked to inflation so will be minimal.

• Paid directly to the University/College

MAINTENANCE GRANT

• Is non repayable• If your household income is under £25,000

you would get the full entitlement, up to £3,354

• If you household income is between £25,001 and £42,000 you will get a partial grant

• Paid at the start of each term – usually straight into bank account

MAINTENANCE LOAN

• To help with the accommodation and living costs

• Repayable when earning over £21,000

• Student Finance will pay the money into your bank account in three instalments – one at the start of each term

BURSARIES

• Extra financial help from your university

• Non repayable

• Speak to the university to see what they could offer you

NHS BURSARIES

• The university will inform the NHS Student Bursaries that you have been offered a place.

• NHS Student Bursaries will then send application forms out to you.

SOCIAL WORK BURSARIES

• Social work bursary application forms are available to download

• www.nhsbsa.nhs.uk/841.aspx

• Check with individual Universities whether you have any tuition fees to pay or not???

• Still apply through www.gov.uk for extra money and to be assessed.

SCHOLARSHIPS AND AWARDS

• Some universities and colleges offer scholarships, e.g. University of Leicester

• These can be based on income, results or other criteria

• Speak to the university for further details

Student Finance Website

• www.gov.uk/studentfinance

COME AND SEE ME

• Lucy Moore

• Careers/Higher Education Adviser

• Student Support

• 01530 836136 ext 228

• lmoore@stephensoncoll.ac.uk

• Come and see me

ANY QUESTIONS??