CASH COURSE

1
CASH COURSE

• This information is based on 2009/10 figures

2
COSTS

• You will have two main costs to meet when you go
  to university
• Your Tuition Fees (up to 3,225)
• Your Living Costs (i.e. rent, food, bills)

3
Student Finance England Students

• Funding from Student Finance England
• Maintenance Grant - up to 2,906
• Living Costs Loan - up to 4,745
• Tuition Fee Loan - up to 3,225
• Extra Grants available for students with children
  and disabled students.
• Funding from your University
• University Bursary - minimum 300

4
NHS Students (2008/9 figures)

• DEGREE STUDENT FUNDING
• From the NHS Student Grants
• Unit
• Tuition Fee grant
• Means Tested bursary up to 4,449.
• Additional grants for students with dependents
  and disabled students.
• From Student Finance England
• Student loan up to 2,265.

• DIPLOMA STUDENT FUNDING
• From the NHS Student Grants Unit
• Tuition Fee grant
• Non Means Tested bursary of 6,531.
• Additional grants for students with dependents
  and disabled students.

5
Student Finance England Budget

• Maximum Maintenance Grant 2,906
• Maximum Maintenance Loan (if 3,453
• getting the Maintenance Grant)
• Additional University Bursary 300
• TOTAL STUDENT INCOME 6,659
• divided by 44 weeks 151 per week
• This assumes you are receiving the maximum
  loans/grants available. If you are not receiving
  the full amount you or your parents are expected
  to meet the difference.

6
NHS Budget

• Diploma Students
• Bursary 6,531
• TOTAL STUDENT INCOME 6,531
• divided by 44 weeks 148 per week
• Degree Students
• Bursary 4,499
• Student Loan 2,265
• TOTAL STUDENT INCOME 6',764
• divided by 44 weeks 153 per week
• This assumes you are receiving the maximum
  loans/grants available. If you are not receiving
  the full amount you or your parents are expected
  to meet the difference.

7
Sample Budget

• The following is a sample budget. As you can
  see the figures are VERY conservative but still
  show you will have more money going out than
  coming in each week.
• Rent 60 Books/Stationery 5
• Food 25 Clothing 10
• Insurance 3 TV Licence 2
• Leisure 20 Travel 5
• Telephone 10 Gas/Electricity/Water
  15
• Total Expenditure 155 per week!!!

8
Managing Your Money

• In many cases student funding will not be enough
  to cover living costs.
• Tuition Fee Loan
• Part time Job
• Most funding paid termly

9
5 Top Tips

• Open a student bank account.
• Make one weekly cash withdrawal.
• Share costs with friends.
• Don't buy every book on your course reading list.
• Get your National Union of Students (NUS) Card.

10
If Ends Don't Meet

• Visit your Union/University Advice Centre for
  advice on funding, budgeting, debt (or any other)
  issues.
• Apply for extra financial assistance.
  Applications can be made to your University.
• Access to Learning Funds
• Emergency Loans and Grants

11
Contacts

• Student Finance England
• Tel [phone]
• Website www.direct.gov.uk/studentfinance
• http//bursarymap.direct.gov.uk
• www.studentfinanceengland.co.uk
• NHS Student Grants Unit
• Tel [phone]
• Website www.nhsstudentgrants.co.uk
• Hallam Union Advice Centre
• Tel [phone]
• Website www.hallamunion.org/advice
• Student Finance Centre
• Tel [phone]
• Website www.shu.ac.uk/guides/studentfinance/sfso.
  html