Transcript StudentFinancePresentation2016entry

Student Finance.
2016
17/07/2016 © The University of Sheffield
How much does it cost?
• Tuition fees
- Up to £9,000 per year
• Maintenance costs
- All other costs
Accommodation, food, travel, course materials
17/07/2016 © The University of Sheffield
What’s included in the £9,000
fee?
• Contact Hours
• Staff and Facilities
• Support Services, Libraries, IT and University
buildings
• Compulsory elements of the course, e.g.:
• Some compulsory field trips
• Compulsory lab-based equipment
17/07/2016 © The University of Sheffield
Exceptions to the £9,000 fee
• Medicine foundation year £7,000
• Placement years abroad £1,350
• MChem Chemistry with Study in Industry
placement year £1,800
• Salaried work placement in UK or abroad £1,100
• Non salaried work placement in UK £0
• Landscape and Architecture in practice £0
17/07/2016 © The University of Sheffield
Support from the Student
Loans Company
- This support will be the same whichever
university you decide to go to
- Apply for all of this support together early in 2016
17/07/2016 © The University of Sheffield
Tuition fee loans
- You don’t pay anything upfront
- You receive a loan to pay your tuition fees every
year of your course
- Not linked to household income
17/07/2016 © The University of Sheffield
Maintenance loans
Household income
Loan for living
costs
£25,000 or less
£8,200
£30,000
£7,612
£35,000
£7,023
£40,000
£6,434
£45,000
£5,845
£50,000
£5,256
£55,000
£4,667
£60,000
£4,078
£62,180 or above
£3,821
17/07/2016 © The University of Sheffield
Student loans
• Repayments start:
- the April after you graduate
- when you are earning over £21,000
• Interest is charged
• Anything unpaid after 30 years is written off
17/07/2016 © The University of Sheffield
Student loans – an example
• You pay back 9% of anything you earn above
£21,000
• Therefore if you earn £22,000 you repay 9% of
£1,000 - £90 per year or £7.50 per month
Your salary
You pay
back 9% of
Monthly
Pay (net)
Monthly
repayments
£25,000
£4,000
£1,663
£30.00
£30,000
£9,000
£1,946
£67.50
£50,000
£29,000
£3,012
£217.50
• Repayments are based on what you earn not
what you owe.
17/07/2016 © The University of Sheffield
Applying for support from Student Finance
17/07/2016 © The University of Sheffield
NHS Funded Courses
- Some healthcare courses are
funded by the NHS
17/07/2016 © The University of Sheffield
NHS Funded Courses (2015 figures)
• Your tuition fees are paid for you by the NHS
• You receive a bursary - up to £4,443
• A grant from the NHS towards your living costs £1,000
• You can still apply for a reduced maintenance
loan from Student Finance England - £2,324
17/07/2016 © The University of Sheffield
NHS Funded Courses
• Fully-funded NHS Courses
E.g. Speech and language therapy, Dental hygiene
and therapy
All years funded by NHS
• Part-funded NHS Courses
E.g. Medicine and Dentistry
Years 1-4 funded by Student Finance England
Year 5+ funded by NHS
17/07/2016 © The University of Sheffield
Support from the
University of Sheffield
- This support is specific to the University of
Sheffield
- None of the awards have to be repaid
17/07/2016 © The University of Sheffield
Sheffield Bursary Scheme
• Award is determined by household income,
postcode and grades
• You’ll be assessed automatically once you arrive
• You will receive all elements of the award you
are eligible for
• Same amount is paid each year of study
• Award can be taken as cash or partial fee waiver
(reducing amount of tuition fee loan needed)
17/07/2016 © The University of Sheffield
Sheffield Bursary Scheme
• Household income
Household income
Bursary per year
£0 – 25,000
£1,500
£25,001 – 30,000
£1,250
£30,001 – 35,000
£1,000
£35,001 – 42,620
£750
• Household income and postcode - £1,000
Students with a household income of £25,000 or
less and live in one of the country’s most
deprived areas.
17/07/2016 © The University of Sheffield
Sheffield Bursary Scheme
• Postcode and grades - £500
Students who live in a low participation area in
Sheffield and the surrounding region and achieve
A,B,B or higher (or equivalent) at A-Level
regardless of household income.
• All care leavers and student carers
automatically receive a £4,500 bursary
17/07/2016 © The University of Sheffield
Scholarships
• Masters Scholars
• Global Scholars
Must achieve A*, A, A (or
higher) or equivalent
• Lloyds Scholars
Household incomes below £25,000
• Alumni Scholarships
High achieving students in
financial
need
For care leavers
• HSBC Scholarship
• Sports Scholarships
17/07/2016 © The University of Sheffield
For students who have
competed in their sport at
national level
How much will you get?
www.sheffield.ac.uk/funding
17/07/2016 © The University of Sheffield
Budgeting
www.shef.ac.uk/moneytools
17/07/2016 © The University of Sheffield
Part time work
• Invaluable experience and confidence.
• The Student Jobshop can help you find part time
work during term time, vacations and for your a
year out on placement.
• The University is a regular employer of students
too.
17/07/2016 © The University of Sheffield
Financial
Support
Fund
Tuition
Fee
Loan
Scholarships
& Bursaries
Your
Individual
Funding
Package
Family
Living
Cost
Loan
Wages
Charities
17/07/2016 © The University of Sheffield
NHS
Bursaries
2016 Fees and Funding booklet
available now…..
All of the information in this
presentation, plus much more, is
available in our Fees and Funding
guide.
(download from
www.sheffield.ac.uk/ssd/finance/res
ources)
17/07/2016 © The University of Sheffield
Thank you for
listening
Financial Support Team
- 0114 222 1319
- [email protected]
17/07/2016 © The University of Sheffield