Investing in your future.

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Investing in your future.

• An overview of the outgoings and income support
  available

Aimee EllisStudent Finance Outreach Officer
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• Increase of 7.8 across the sector
• Including a 12.6 increase in mature students
• Graduates have a higher earning potential

Graduates earn over 100,000 more than those who
enter work straight from A Levels School Leaver
- 11,000 Graduate - 20,000
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Student Finance England
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NHS Bursaries

• Some healthcare courses do not carry fees and
  have large NHS bursaries available.
• Over 7,000 available in some areas
• Contact the Student Grants Unit of NHS for more
  details on 01253 856123

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What happens next?
Enter UCAS application
Push these details through to Student Finance
England
Receive final HE finance offer
Confirm final course choice
Complete Student Finance application
Receive provisional offer
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Student Finance Information
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Overview of finances

• Incoming
• Tuition Fee Loan
• Maintenance Loan
• Maintenance Grant
• Bursaries
• Scholarships
• Wages Parental Support

Outgoing Tuition Fees Accommodation Living
Costs Course Resources
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Tuition Fees

• Up to 3,290 per year
• UK and EU students
• Does not have to be paid prior to study
• All students can apply for a Tuition Fee Loan

Some courses are sponsored
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Tuition Fee Loan

• Non-Means Tested
• Paid directly to the University
• Low interest rate, set at rate of inflation
• Repayable after graduation and when earning at
  least 15,000
• 9 repayment of your annual income

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Overview of finances

• Incoming
• Tuition Fee Loan
• Maintenance Loan
• Maintenance Grant
• Bursaries
• Scholarships
• Wages Parental Support

Outgoing Tuition Fees Accommodation Living
Costs Course Resources

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Typical Accommodation Costs
Average UK rent for university owned
accommodation 81 per week 3159 per year
(bills included)
Average UK rent for privately owned accommodation
60 per week 2340 per year (bills not included)
Figures from NUS and Accommodation for Students
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Typical Accommodation Costs
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Figures from NUS and Accommodation for Students
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A basic room in our Wessex Lanes Halls costs
65.45 pw 2552.55 per year
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An en-suite room in our Glen Eyre Halls costs
96.95 pw 3781.05 per year
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Most halls are self-catered with shared kitchens
Self-catered kitchen in halls
You can have catered facilities. These are
typically 30-40 a week in addition to your rent
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• The Galley Restaurant Connaught Hall

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Maintenance Grants non repayable
Income over 50,021
n/a
No maintenance grant payable
1,292 to 50
Income between 35,000 and 50,020
Receive some grant
2,824 to 1,292
Income between 25,001 and 34,999
Receive some grant
Income up to 25,000
2,906
Receive full grant
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Maintenance Loan
An additional loan to help with living costs

• Available to home students
• Paid into your bank account in three instalments

Maximum 2009/10 loan rates Maximum 2009/10 loan rates Maximum 2009/10 loan rates
London Parental home Elsewhere
6,928 3,838 4,950

• How much you can borrow depends upon
• How much Maintenance Grant you receive
• Assessed household income (28 income assessed)

4,988
2,763
3,564
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Studying outside of London, not in parental home
Income Parental Contribution Maintenance Grant Maintenance Loan Total (grant plus loan)
25,000 0 2,906 3,497 6,403
30,000 0 1,906 3,997 5,903
34,000 0 1,106 4,397 5,503
40,000 0 711 4,595 5,306
45,000 0 381 4,760 5,141
50,020 0 50 4,925 4,975
50,778 0 0 4,950 4,950
55,000 844 0 4,106 4,106
56,153 1,386 0 3,564 () 3,564
60,000 1,386 0 3,564 3,564
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• Minimum Support

4,950
Minimum Loan (3,564) Parental Contribution
(1,386)
Maximum Loan
39 weeks 127 per week
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Overview of finances

• Incoming
• Tuition Fee Loan
• Maintenance Loan
• Maintenance Grant
• Bursaries
• Scholarships
• Wages Parental Support

Outgoing Tuition Fees Accommodation Living
Costs Course Resources

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Bursaries

• All HEIs charging full tuition fees (3,290) and
  all students entitled to the full Maintenance
  Grant (2,906) will get a bursary of at least
  329.
• http//bursarymap.direct.gov.uk

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Bursaries

• University of Southampton UK Bursary
• Household income below 25,000 or less 1,200
  bursary
• Household income 25,001 - 35,000 600 bursary

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Hampshire and Isle of Wight Bursary - 1,000

• A new, full-time UK undergraduate student
• Living in or studying at a sixth form or further
  education college with a Hampshire/Isle of Wight
  postcode
• A UK resident (excluding the Channel Islands and
  the Isle of Man)
• Living in a household with a total income of less
  than 35,000
• Not already receiving an NHS bursary

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Scholarships
Each University offers different rewards in the
form of Scholarships.
The University of Southampton offer over 1
million to the most talented students in all
subject areas. For example
Sports Scholarships of up to 3,000 are offered
for entrants with outstanding sporting abilities.
Art All first years students given 100 to
purchase art materials. A 500 progression
scholarship is granted to those that show the
most outstanding improvement in their development.
Biological Sciences - 15 scholarships of 2,000
to new students based on pre-university
qualifications
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Disabled Students Allowances (DSAs)
Stef Webb CELT Partnership Co-ordinator Tel 023
8059 9026 Email sw18_at_southampton.ac.uk Website
www.southampton.ac.uk/studentsupport
Dyslexia
Depression
Mental Health
Autism
Physical Disabilities
Aspergers Syndrome

• Non-means tested allowances to meet ADDITIONAL
  costs
• 5,161 for specialist equipment 20,520 for
  non-medical help
• Requires a full eligibility assessment

Complete DSA 1 form
Get a copy of any medical evidence and send to
SFE
Await reply from SFE relating to your
eligibility
Book appointment with Stef for a needs
assessment
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Repayment in real terms

• Average Graduate salary 20,000
• Monthly repayment 37.50
• 10-15 years to repay
• Graduates can take up to 5 years worth of loan
  breaks
• Interest linked to inflation
• After 25 years, all debt is wiped clean

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Top tips

• Go shopping!
• Visit the bank!

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Student Bank Accounts
2,000
Buffer not a target! One year to repay after
graduation
2,000
2,000
3,000
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Top tips

• Go shopping!
• Visit the bank!

• Check your contents insurance!
• Get a TV License

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Remember if youre going to take a television
youll need to pay for a licence. A colour
license is 142.50 for a year.
1,000
You can claim back the cost for the summer months
you wont be using the license for. Visit
www.tvlicensing.co.uk
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Other Outgoings Contents Insurance
A real essential. This can be as little as 2 per
week to protect all your possessions. Some Halls
of Residence fees include basic cover which you
should consider topping up.
Parents/guardian to check their home insurance
policy as some policies can insure family members
living away from home.
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Summary

• All students can take a full tuition fee loan
• Tuition Fee Loan and Maintenance Loan are the
  only sums to be repaid
• Loans only repaid after graduation and in
  employment earning at least 15,000
• Grants, bursaries and scholarships are
  non-repayable

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Aimee EllisStudent Finance Outreach
Officera.r.ellis_at_southampton.ac.ukTel 023 8059
9670
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Interesting statistics

• 87 of all students take student loans (NUS)
• 50 of all students benefit from grants (NUS)
• 42 of all students benefit from bursaries or
  scholarships (OFFA)
• 45 students not worried about the loan (NUS)
• 61 see student finance as a normal part of the
  student experience