Transcript PartTime2016

Student Finance.
Part time
2016 entry
The Cost of Higher Education
• There are two main costs associated with
studying a higher education course:
• Tuition Fees (£6,750max)
• Maintenance Costs
• For part time students there is a loan
available to cover the full cost of the tuition
fees
• However there are no Government loans to
help with living costs
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Tuition fee loan
• Available to all home and EU students
• Students can’t already hold a qualification
equal to or higher than the one you wish to
study for
• Students must be studying at a course
intensity of at least 25%
• The tuition fee loan will cover whatever the
tuition fee is each year (up to £6,750)
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Applying for a tuition fee loan
• Apply online
• www.gov.uk/student-finance
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Support from the University of
Sheffield
Part time
• There is a University Bursary available to
part-time students – you must be studying a
FTE of at least 50% (60 credits)
• Financial Support – small grants available for
childcare and additional travel costs
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Sheffield Bursary Scheme
Household income
Bursary per year
£0 – 25,000
£1,500
£25,001 – 30,000
£625
£30,001 – 35,000
£500
£35,001 – 42,620
£375
You have the choice of taking your bursary as a direct
payment or as a partial fee waiver (reducing the amount
tuition fee loan required)
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Sheffield Bursary Scheme
• Students on the full-time, foundation programme
with DLL with a household income of less than
£25,000 will automatically receive a bursary of
£3,000 regardless of postcode and grades.
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Repaying your student loan
• 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
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Repaying the loans
• You pay back 9% of anything over £21,000
that you earn
• Therefore if you earn £22,000; you repay 9%
of £1000 - £90 per year or £7.50 per month
• Repayments are based on what you earn not
what you owe
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Financial Support Fund
• Registered students can apply to the Financial
Support Fund
• Financial support contributes towards the
additional costs incurred while you study
• These maybe awarded to cover extra childcare
costs whilst you are studying
• In certain cases the fund may cover exceptional
travel costs
• Students whose DSA does not cover all their
additional study costs may receive an award
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Disabled Students Allowance
You can apply for disabled student’s allowance
(DSA) if you are studying more than 30 credits
and have a:
• Disability or long-term health condition
• Mental health condition
• Specific learning difficulty such as dyslexia or dyspraxia
Your household income is not taken into
account and the DSA’s will pay for some
additional support your disability requires for
you to study at university
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Benefits
• As a part-time student you can usually still claim
benefits which depend on your household
income (means-tested benefits), such as
income-based Jobseekers Allowance, Housing
Benefit and Local Housing Allowance
• Your fee loan will not be treated as income when
assessing any means-tested benefit
• You are not entitled to a Council Tax exemption,
however you may be eligible for Council Tax
Reduction
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Further support
• Student advice centre
[email protected] /0114 222 8660
• Financial support team
[email protected] /0114 222
1319
17/07/2016 © The University of Sheffield
Thank you for
listening