Transcript leventhorpe.net

Applying to Higher
Education and the
Financial Changes for
2012
Hayley Chancellor
Head of Year 13
What do our Year 12’s want to do?
Que stion 1: Are you sure of what you want to do
whe n you le av e the sixth form?
100
90
80
69%
Percentage (%)
70
60
50
31%
40
30
20
10
0
yes
no
100
90
80
70
60
50
40
30
20
10
0
88%
would
like to go
to university
yes
no
Que stion 4: Of those tha t a nsw e re d tha t the y DO
w a nt to go to unive rsity, how ma ny know w ha t
course the y w a nt to study
100
90
80
48% have
no idea what they
would
like to study
70
Percentage (%)
Percentage (%)
Question 3: Are you planning on going to University?
60
50
40
30
20
10
0
yes
no
Why go on to higher education?
• Career opportunities enhanced by having a degree
•Graduates are twice as likely to be employed as non-graduates,
and are much more likely to be promoted to managerial and senior
positions.
• 50% less chance of being unemployed
• Likely to earn on average £250,000 more over your lifetime than
someone without a degree
• It’s challenging, rewarding and certainly enjoyable
Did you know…?
• There are 304 institutions offering HE
courses
• There are 55,000 courses in the UK
• There are 780,000 UCAS applicants
each year
• 40% of University applicants are from
state schools
HOW ON EARTH IS IT POSSIBLE TO
CHOOSE JUST 5????
THE PROCESS OF UCAS
Personal
Statement
finalised
Submit
UCAS Form
EXAMS
Med, Dentistry
and Oxb. group
Uni Open Days
Prospectus’
UCAS
DEADLINE
Start to get
offers
Firm choice
decided/
Insurance choice
decided (backup)
What will the university
do when they receive the
application form?
The Emotional Journey
excitement
Excitement –
first
thoughts,
(open days)
Personal statement and
decisions - Worry and stress
boredom
boredom
worry
Research By:
2009
No. of Applications
No. of Acceptances
Medicine
69,869
7,967
Dentistry
11,755
1,217
Nursing
134,267
25,007
Sports Science
49,982
10,783
Psychology
80,850
15,397
Vet. Medicine
7,167
886
Law
91,459
17,402
English Studies
57,635
10,402
Training Teachers
46,949
8,007
History
46,970
8,552
Most competitive courses in 2010
Competitive Courses –
Typical requirements
• Exceptional GCSE profile – several A*-A grades
• May be entrance tests for some courses
• Academic rigour – evidence of time management,
deadlines, handling a heavy work load
• Strong personal statement – rounded personality + extra
curricular
• Strong well informed reference
Helpful Websites
www.ukcoursefinder.com - Not sure about what
course to do/ Submit online questionnaire
www.ucas.com Look at courses/ entry
requirements/ university links
LINK
www.unistats.com - student views
www.bma.org.uk - becoming a doctor
www.oxbridge-admissions.info
Research universities and courses
at open days
•
Book early
•
Watch out for subject
specific open days
Use
website to:
•
•
•
•
•
Search
Access open days calendar
Book for many of them
Get advice
Subscribe to newsletter
Prospectus
request
UCAS
Fair
Advert
Applicant
Day invite
Revision
kit
Submit
UCAS Form
Firm
choice
decision
Exams
Results
Attend
Openopen day
UCAS
deadline
Applicant
Day
Results
Day Guide
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Start Researching NOW!
• Tuition fees
• 22% of HE students drop out of
university in the first year
• Use university websites to their full capacity.Contact course
leaders/ admissions tutor
• Visit
The Location
•
•
•
•
•
•
Live at home
Live away?
Preferred Regions?
Preferred Cities?
With friends?
With relatives?
The Institutions - branding
• Campus – based on its own site (eg Keele,
Lancaster)
• City – Located in the heart of the city ( eg
Manchester, UCL)
• Collegiate – Made up of separate member
colleges (eg Cambridge, Durham)
• ‘Russell Group’ (eg Bristol, Manchester,
Glasgow, Cardiff, Warwick) Top
unis - research
• ‘Red Brick’ (eg Sheffield, Reading) Pre WWI
• ‘New’ (eg Hertfordshire, Westminster) Post 1992
opendays.com website
Open Days
• A chance to see the university
• A chance to meet the staff and students
• A chance for students to determine “is it right for
me?”
BUT REMEMBER
• The university is trying to sell itself to you, you
must dig below the surface.
UCAS Extra – End of Feb to the
beginning of June
- For students who have used all 5 choices and had no offers
back (5 rejections)
- Can apply for 1 course at a time
- There will be a decision from the university within 21 days
- This is preferable to clearing
- Everyone will meet minimum entry requirements - therefore
apply for a course that has lower entry requirements than
predicted grades to enable you to pass through the extra
sifts
Oxbridge
• 3 students are interviewed per place – all have the entry
requirements
• The interview is subject based – no questions on personality
• When you apply for Cambridge you could apply for a
particular college if you do not get offered a place at this
college you are put into a pool system with all the colleges
• When you apply to Oxford all decisions are made before
Christmas
IMPORTANT UCAS DEADLINES
SEPT OCT
NOV
15TH OCTOBER
Deadline for UCAS
Applications for
Oxford or Cambridge
& Medicine, Dentistry
or Veterinary
Science courses
DEC
JAN
15TH
JAN
Application
deadline
for all other
courses
FEB
MAR APRIL MAY JUNE JULY AUG SEPT
24TH MARCH
Application
Deadline for
Art and Design
courses
FEB – JUNE
UCAS EXTRA
A LEVEL
RESULTS
JULY – SEPT
CLEARING
Part 2:
Financial Changes for students
applying for 2012 entry to HE
• Most details of the new student finance system are
still subject to approval
• Most universities are likely to charge between £6,000
and £9,000 in tuition fees
• There will be no up-front fees for any UK/EU student
• Students applying in 2011 for a deferred entry will
come under the 2012 fee regulations
4 Types of Finance
• Tuition Fees Loan
• Living Costs Grant
• Living Costs Loan
• Scholarships
Tuition Fees Loan
• Cannot pay fees up front
• Students can receive a repayable loan paid
directly to the institution from Student Finance
England
Living Costs Grant
• Non repayable
• Dependent on:
- If household income is below £25,000 then a
maximum grant of £3,850 is available
- If family qualifies for housing benefit, Armed
Forces benefits, single parent family or they have
a disability
• If household income is between £25,000-£42,600
then a partial sum is available
Living Costs Loan
•
65% of loan available is non-means tested with the
remaining 35% dependent upon household income
• Repayable and dependent on:
1. Household income – ranges on tiered basis from £3,850
grant + £3,875 Loan (Income £25k or less) to £3,875 loan
only (income above £62.5k).
Example; An income of £40k would enable a grant of £523
+ loan of £5,239
2.
Where the student will be living i.e., at home, at uni, in
London
National Scholarships Programme
• Universities have to have a scholarship scheme if they are
charging £6,000+
• Eligible for a scholarship if:
- The student lives in an area of a low progression to
university
- Household income of less that £25,000
- Has incapacity benefits
- Is a looked after child (using statutory definition)
CHECK ELIGIBLILTY AFTER JULY 11th
University of Hertfordshire
Scholarship Scheme
• If predicted over 360 UCAS points (3As)
• They will receive a bursary of £3,000
• 60 available each year
Need to apply by April 15th 2012 to be
considered
• Enquire at chosen universities!
Repaying the fee loans
• Repay from April after graduation
• Taken straight from pay if graduate earns over £21,000 salary
• Pay back 9% of what you earn over £21,000 via monthly payments
(PAYE – Pay As You Earn Scheme)
• If the student has debt left after 30 years the loan will be written off
• Interest is payable on student loans and is variable depending on
income Whilst studying RPI +3%,
<£21k RPI
21k to 41k tiered
> £41,000 RPI+3%
Repayments Proposal
Earnings
Current System
Annual
Repayment
Monthly pay
packet
reduction it's
equivalent
to
New 2012 system
Annual
Repayment
Monthly pay
packet
reduction
it's
equivalent
to
£15,000
Nothing
Nothing
Nothing
Nothing
£16,000
£90
£7.50
Nothing
Nothing
£21,000
£540
£45
Nothing
Nothing
£22,000
£630
£52.50
£90
£7.50
£30,000
£1,350
£112.50
£810
£67.50
£40,000
£2,250
£187.50
£1,710
£142.50
Points of Interest…
• The new system is unlikely to impact the ability to get a mortgage
•
Future graduates will have more income after tax and loan repayments (net income) which makes saving for a deposit and repaying a mortgage in the years after graduation
easier.
The Council for Mortgage Lenders (the mortgage company trade association) has said "A
student loan is very unlikely to impact materially on an individual's ability to get a mortgage
but the amount of mortgage available may depend on net income."
• You may not be allowed to repay early
• Students from, or going to, Welsh, Scottish and Northern Irish
unis may have different rules
• Many people will never pay it all back
• Think of it like a graduate tax not a loan
Plan Finances Now
Income
Living costs loan / grant
Parental help and support
Gap year earnings
Part time work (up to 15 hours
recommended p/w)
Scholarships
Holiday work
Placement work (if applic)
Expenditure
Food
Rent
Bills
Clothes
Car
Travel
Text books/ stationery
Socialising – bar bill!
TV Licence
Phone
Household items
Clothes
Memberships
Sports clubs
University of
Hertfordshire
Fees
• £5,800 for a Foundation Degree
• Undergraduates: Band 1: £7,400
Band 2: £7,800
Band 3: £8,500
Most courses in
band 1 or 2 with
the average
course costing
£7,500
All university fee proposal plans subject to
government approval on Monday 11th July
http://yourfuture.direct.gov.uk/
THANK YOU FOR LISTENING