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What does Lincoln have to offer you?
Schools and Colleges Liaison
Student Finance 2016
One of England’s top 40 universities
What we will cover
- UCAS timeline
- What do you have to pay for?
- Available funding
- Earning extra cash
- Repaying your student loans
- Useful links
Winner of the HE Students’ Union of the Year award 2014
UCAS Process Timeline – 2016 Entry
September (Year 13)UCAS opens for
applications
15 October (Year 13)Deadline for
Oxbridge, Medicine, Dentistry, Vet
Science
15 January (Year 13)Main UCAS
application deadline
Jan/Feb (Year 13)Student Finance
England opens for applications
25 February (Year 13)UCAS Extra opens for
applications
24 March (Year 13)Deadline for some Art
& Design courses
Early May (Year 13)Deadline for students
to make Firm & Insurance choices
31 May (Year 13)Deadline for Student Finance England to guarantee funding
July/August (Year 13)Results Day
ClearingAdjustment
113 Sports Teams and Societies, inc. Gliding, Rowing, American Football and the University Orchestra
What do you have to pay for at university?
1. Tuition Fees
-People to teach me-Facilities to be taught in-Resources
- Up to £9,000 per year of study- No up-front payment required- Tuition Fee Loan for all UK students
- Average cost of student living £9,250 per year- Maintenance Loan- Scholarships and Bursaries
2. Living Costs
- Everything else! - Rent, bills, clothes, laundry, social life, transport…?
The Media Archive for Central England is located on campus
Available funding
1. Tuition Fees
-Up to £9,000 per year of study
-Tuition Fee Loans available for all UK students
-Full or partial loans available
-Apply online via Student Finance England
-Paid directly to the institution
-Repayment starts in the April following graduation once earning over £21,000 per year
Industry Accreditations across our courses
Available funding
2. Living Costs
-Maintenance Loan
-Scholarships
-Bursaries
-Additional support
The largest TV Studios in the East Midlands are located in the University’s School of Media
“The significant increase in the maintenance loan is a long overdue step. While many complain student loans are too big, the real problem has been they are not big enough, barely covering most students accommodation costs, never mind living expenses.”
Martin Lewis – Money Saving Expert. July 2015
Available funding
Available funding
Maintenance Loan
-All UK students entitled to a loan
-The amount you get depends on:- where you study- where you live whilst studying- your household income
-Apply online via Student Finance England
-Paid directly to your bank account at the start of each term
-Repayment starts in the April after graduation once earning above £21,000 per year
£14 million Science & Innovation Park
High Student Satisfaction
What could your package of support look like?
www.gov.uk/student-finance-calculator
100% Guaranteed amount
Studying locally, living at home £6,904 £3,039
Studying away from home, outside London
£8,200 £3,821
Studying away from home, in London
£10,702 £5,330
£11.5 million School of Art & Design
Available funding
Scholarships and Bursaries
-Available from a range of sources
-Institution specific e.g. University of Lincoln Excellence Scholarship worth £1,000
-Dependent on your circumstances
-Check application process
-Non-repayable
Our students graduate in Lincoln’s historic castle and medieval cathedral
Available funding
Additional support
-Disabled Students’ Allowance
-Adult Dependents’ Grant
-Childcare Grant
-Parents’ Learning Allowance
-Social Work Bursary
-All of the above are non-repayable
-NHS funding – www.nhsbsa.nhs.uk
Top marks from the Quality Assurance Agency
Available funding: re-cap
Funding source
Who is eligible? What’s it worth?
Repayable or non-repayable?
How to apply?
Tuition Fee Loan
All UK students Up to £9,000 per year
Repayable Online via SFE
Maintenance Loan
All UK students Up to £8,200 (outside London)
Repayable Online via SFE
Scholarships and Bursaries
Various criteria Varies Non-repayable
Direct to provider – check!
Additional support
Students with additional needs or circumstances
Varies Non- repayable
Online via SFE
NHS Students on eligible NHS courses/ Social Work
Varies Non-repayable
Online via nhsbsa.nhs.uk
More than 50% of our research is internationally recognised or world leading
Earning extra cash
- Part-time job
- Student Ambassador roles
- Full-time job during holidays
- Placement or internship
- Student bank account – interest free overdraft
- Budget wisely
- Bank of mum and dad??
World Class Teaching and Research
Repaying your student loans
- Repayment starts in the April after graduation
- Tuition Fee Loan and Maintenance Loan added together
- Repay through the UK tax system, directly from your salary
- Self employed – calculated on your yearly accounts submission
- Repay once earning above £21,000 per year
- Repay at a rate of 9% of your earnings over £21,000
Excellent Graduate Employment
Repaying your student loans
Annual Salary Amount above £21,000 threshold
Annual repayment amount
Monthly repayment amount
£20,000 Nil Nil Nil
£22,000 £1,000 £90 £7.50
£25,000 £4,000 £360 £30
£30,000 £9,000 £810 £67.50
£40,000 £19,000 £1710 £142.50
One of the safest university cities in the East Midlands
Repaying your student loans
FAQs – answered!
-Bigger borrowing does not equal bigger repayments; repayment is based on what you earn, not what you owe
-If your salary drops below £21,000 at any point, repayments will automatically stop
-Student loans will be written off after 30 years
-Interest is charged on the loans at a rate of RPI plus up to 3%
-Student Loans will not appear on credit files
-Mortgage applications
Student as Producer initiative
Useful links
- www.gov.uk/student-finance
- www.gov.uk/student-finance-calculator
- www.moneysavingexpert.com/students
- www.nhsbsa.nhs.uk
- www.thescholarshiphub.org.uk
- www.scholarship-search.org.uk
- www.lincoln.ac.uk/feesandfunding
Thank you for listening | Any questions?
- Open Days: 2015
• Saturday 26 September• Wednesday 7 October • Saturday 17 October• Saturday 14 November• Thursday 10 December
- Contact Us:• www.lincoln.ac.uk• [email protected]• 01522 886644• /UniversityofLincoln• @UniLincoln
One of England’s top 40 universities
