Andy Shenton Regional Advisor South West APPLYING KEY MESSAGES Jan 20 New students can apply for student finance from 20 th January 2014 May 30 The application deadline for new students ID: 261143
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Slide1
STUDENT FINANCE 2014/15
Andy
Shenton
Regional Advisor – South WestSlide2
APPLYING
KEY MESSAGES
Jan
20
New students
can
apply for student
finance from 20th January 2014
May
30
The application deadline for new students
is
May 30th 2014
APPLY NOW!Slide3
Apply online at
gov.uk/studentfinance
as soon as possible to make sure student finance is in place for the start of their course
They
do
not
need a confirmed place at university or college to apply
APPLYINGKEY MESSAGESSlide4
www.gov.uk/studentfinance
GOV.UK
FOR MORE INFORMATION & TO APPLYSlide5
NEW LOOK ‘MY ACCOUNT’
MAKING IT EASIER TO NAVIGATE & UNDERSTANDSlide6
NEW LOOK ‘MY ACCOUNT’
MAKING IT EASIER TO NAVIGATE & UNDERSTAND
Full online demo will be available from launch
See every screen a student and sponsor sees
http://
slc-apps.co.uk/appdemo/Slide7
Bursaries & Scholarships
Tuition Fee Loan
Maintenance (Living Cost) Support
Additional Support
The
Student Finance
Package
THE STUDENT FINANCE PACKAGE
SUPPORT AVAILABLE TO STUDENTS INCLUDES:Slide8
Universities and colleges* can charge new full-time students up to
£9,000
per year (£6,750 part-time) for tuition fees
Eligible students
won’t
have to pay any tuition fees up front
A non-means tested Tuition
Fee Loan is available to cover the fee charged by the university or college
*Publicly funded institutions with an approved Offa Access
Agreement
-
www.offa.org.uk/access-agreements
TUITION FEES & LOANS
OVERVIEWSlide9
Where Students Live & Study
Maximum Loan Available
Parental Home
Live at
home
£4,418
Elsewhere
Live away from home and study outside of London
£5,555
London
Live away from home and study in London
£7,751
OverseasStudy overseas as part of a UK course
£6,600
MAINTENANCE LOAN
2014/15 MAXIMUM RATES
Additional loan is available for each extra week of study for
students attending their course beyond 30 weeksSlide10
Full-Year Student*
65% Non Means Tested
35% Means Tested
Maximum Loan
Parental Home
£2,871
£1,547
£4,418
Elsewhere
£3,610
£1,945
£5,555
London
£5,038
£2,713
£7,751
Overseas
£4,290
£2,310
£6,600
MAINTENANCE LOAN
MEANS TESTING
*Slightly lower rates of support apply to final year studentsSlide11
A Maintenance Grant will only be available to
some
students:
The Maintenance Grant does not have to be repaid
If/how much grant a student can get depends entirely on their household income
(100% means tested)
MAINTENANCE SUPPORT
Household Income:
Up to £25,000
Household Income:
Up to £42,620
Full Grant of £3,387
Partial GrantMAINTENANCE GRANTOVERVIEWSlide12
Household Income
Maintenance Grant
Maintenance
Loan
Total
£25,000 & under
£3,387
£3,862
£7,249
£30,000
£2,441
£4,335
£6,776
£35,000
£1,494
£4,808
£6,302
£40,000
£547
£5,282
£5,829
£42,620
£50
£5,530
£5,580
£42,875
£0
£5,555
£5,555
£50,000
£0
£4,836
£4,836
£62,132 &
over
£0
£3,610
£3,610
COMBINED MAINTENANCE SUPPORT
LIVING AWAY FROM HOME, OUTSIDE LONDON
Students can get a quick estimate of their student finance
entitlement using the calculator on
gov.uk/studentfinanceSlide13
Bursaries:
Linked to personal circumstances and often household income
Awards can include fee waivers or cash
Scholarships:
Can be linked to academic results or outstanding ability in an area such as sport, music or art
Can be subject specific and are often limited in numbers
BURSARIES & SCHOLARSHIPS
BURSARIES & SCHOLARSHIPS
OVERVIEW
Students should check university websites early and ask at open
days for information on support available and how to applySlide14
Extra money or support may be available to students if they:
Have children or adults dependent on them
Have a disability, long-term health condition, mental-health condition or specific learning difficulty
Are studying an NHS or Social Work course including:
n
ursing, midwifery, physiotherapy, chiropody, dietetics, radiography, occupational therapy, the later stages of medicine and dentistry
For further information and applications students should visit:
www.nhsbsa.nhs.uk/students
ADDITIONAL SUPPORT
OVERVIEWSlide15
DSA Rates 2014/15:
Allowance
Part-Time Maximum Support
Full-Time Maximum Support
Frequency
of
Payment
Non-medical personal helper
£15,543
£20,725
Annual
Specialist equipment
£5,212
£5,212
Duration of Course
Other disability-related expenditure
£1,305
£1,741
Annual
Disability related travel
No Limit – Reasonable spending can be claimed
For both full-time and part-time postgraduate students there is a single allowance of up to £10,362 a year
ADDITIONAL SUPPORT
DISABLED STUDENTS’ ALLOWANCESlide16
Childcare Grant:
Based on 85% of actual registered/approved childcare costs up to maximum of:
£150.23
per week for one child
£257.55
per week for two or more children
Dependants grants are income related. Universities may offer
extra support to students with childcare/caring responsibilities
ADDITIONAL SUPPORT
STUDENTS WITH DEPENDANTS’Slide17
Parents’ Learning Allowance:
Help with course-related costs for students with dependent children. Amount received will be between
£50
and
£1,523
Dependants grants are income related. Universities may offer
extra support to students with childcare/caring responsibilities
ADDITIONAL SUPPORT
STUDENTS WITH DEPENDANTS’Slide18
Adult Dependants’ Grant:
Normally for the student’s partner. Can be for another adult who is financially dependent on the student where the adult’s net income is not more than £3,796 p.a.
Maximum grant available:
£2,668
Dependants grants are income related. Universities may offer
extra support to students with childcare/caring responsibilities
ADDITIONAL SUPPORT
STUDENTS WITH DEPENDANTS’Slide19
CUSTOMER RESOURCESSlide20
Series of informative guides, introducing the main areas of student finance to students and their parents, including:
Financial Support for Students
Disabled Students’ Allowances
How Students are Assessed and Paid
Student Loan Terms and Conditions
SFE FULL & QUICK-START GUIDES
STUDENT GUIDES
NOW AVAILABLE FOR 2014/15Slide21
STUDENT GUIDES
QUICK GUIDE SERIES 2014/15
Helpful fold-out guides highlighting essential student finance information:
How and When to Apply
Student Loan Repayments
DSA’s and Dependants Grants
Student Finance Explained for Parents
of StudentsSlide22
www.thestudentroom.co.uk/studentfinance
THE STUDENT ROOM
FOR FURTHER INFORMATION & RESOURCESSlide23
MONEY MATTERS eMAG
1
st
EDITION AVAILABLE NOW
New resource giving students information on student finance - What’s available and how to get it, budgeting, applications and repayment
Content includes interviews with students at different stages of their university and college lives
Links to interactive features, including SFE
‘A Minute For’ videosSlide24
YOU TUBE
SFE VIDEO CHANNEL
www.youtube.com/SFEFILMSlide25
www.facebook.com/SFEngland
www.twitter.com/sf_england
SOCIAL MEDIA
FOLLOW SFE FOR THE LATEST NEWSSlide26
PRACTITIONER RESOURCESSlide27
PRACTITIONER RESOURCES
DEDICATED WEBSITE
www.practitioners.slc.co.ukSlide28
Access and download our wide range of IAG resources, including:
Suite of Factsheets
Series of Full and Quick Guides
PowerPoint Presentations
Policy Documents
PRACTITIONER RESOURCES
DEDICATED WEBSITESlide29
PRACTITIONER RESOURCES
FACTSHEETS
Our suite of factsheets provide information on the main aspects of student finance and repayments & specialised subjects including:
Applications, eligibility and evidence
Finance for students at private HEIs
Independent students & care Leavers
Changing circumstances and withdrawalsSlide30
CONTACT DETAILS
EMAIL ADDRESSES & PHONE NUMBERSSlide31
QUESTIONS & COMMENTS
?