Generic PowerPoint Presentation Title Page

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Student Finance
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The University of Northampton

• Were big enough to cope, small enough to
  care! Ann Tate, Vice Chancellor
• High quality academic provision and vibrant
  learning environment
• Over 10.000 students and 1500 staff
• We offer over 250 different degree and diploma
  courses
• Best of both worlds two very different
  campuses
• 70 million investment with another 18 million
  planned
• Partnerships links with local, national and
  international
• organisations

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Tuition Fees

• Universities can charge up to 3,145 per year
  (called variable fees) (England) in 2008/9
• You can defer payment of Tuition Fees until
  AFTER you have finished university/college
• Students can still pay upfront if they wish
• The University of Northamptons fees 2007/8
• 3,145 pa for degree courses
• 2,000 pa for HND/FdA/FdSC courses

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Fee Loans

• If students want to defer payment of fees they
  can apply for a Fee Loan
• The loan amount will match the tuition fees and
  will be paid directly to their university
• Repayments will start after students have left
  university, and are earning over 15,000 a year
• If earnings ever fall below 15,000 a year,
  re-payments are suspended

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Maintenance Loans

• 25 means tested on household income
• Paid into bank account in three instalments
  over the academic year
• Repayments do not begin until students are
  earning over 15,000 per year
• The interest on loans is capped at the rate of
  inflation
• If students have fees and maintenance
  student loans, these will be combined for
  repayments
• Repayments are linked to salary after you
  graduate

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Maintenance Loan amounts 2008/9
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Repayments from 2006
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Maintenance Grant 2008/9

• The grant is dependent upon household income
• It does not have to be re-paid
• Grants will be paid in three instalments per
  year
• How much could I get?
• Full-time students could get up to 2,835 per
  year
• Household income 25,000 or less full grant
• Household income up to 60,005 partial grant

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Maintenance Loan and Grant
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Bursaries

• A bursary is a non-repayable grant from the
  university you choose to study at
• They can be based on a variety of different
  criteria, and vary in amount
• UN Bursaries up to 1,000 depending on household
  income

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Arranging your finances

• In mid-March LEAs distribute finance application
  packs, including the PN1 form. You will be asked
  for the following
• Personal details
• University and course
• Residency information
• Your financial circumstances
• Your households financial circumstances
• Forms need to be returned by June 30th

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Other sources of income

• Job
• Parents
• Sponsorship
• Bank
• University

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Other financial aid
From the university Bridging Loans If support
is delayed Access to Learning Fund For students
who have started their course and are in severe
financial hardship or difficulty From the
LEA Support for Parents Parents Learning
Allowance and Childcare Grant Disabled Students
Allowances Help with extra costs you incur
because of attending your course and as a direct
result of your disability
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Budgeting

• A plan to show how much money a person will earn
  and how much they will need or be able to spend
• In order to know what you can afford, you need to
  know what you have got!
• Debt is normal for students, but effective
  budgeting will minimise your future debt
• Financial worries can be a massive cause of
  stress and anxiety for students

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Budgeting tips

• Have your student loan paid into a savings
  account, and transferred into your current
  account weekly or monthly
• Be careful with debit cards, limit cash
  withdrawals. Avoid credit cards!
• Budget extra money for the start of the year, and
  keep some for emergencies
• Pay monthly bills by direct debit

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How can you save money?
Books/Course Materials Share books with friends
or buy second hand Food Buy in bulk with
flatmates and dont go shopping when youre
hungry! Clothing Buy second hand or ask for
gift vouchers for birthday and Christmas Accommoda
tion switching utilities may save you money
(uSwitch.co.uk) and dont leave lights or heating
on all day Socialising Nights in are less
expensive than nights out or take advantage of
student discounts (cinema, restaurants, shops)
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Budgeting example
These figures are based on a 40 week academic
year, including Christmas and Easter holidays,
staying in a Halls of Residence. It does not
include summer holidays
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• Be. for University
• Online resource for years 12 and 13,
• FE students and teachers, tutors and
• advisors
• Advice and guidance regarding
• HE options and study skills
• Downloadable resources
• Links to the University and other key
  organisations
• www.be4university.com