money to study – a guide to funding your studies in 2014

© University of South Wales

Money to study – a guide to funding your studies in 2014

Student Money Advice Team

Degree - £8,250 or £9,000 yr *

Foundation Degree, HND or Foundation Year - £6,750 yr *

* Subject to HEFCW approval

Support for fees

England – Tuition Fee Loan up to £9,000

Wales – Tuition Fee Loan of £3,575 andTuition Fee Grant to cover rest of fee

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Tuition Fees - 2014/15

Support for Living Costs in 2014/15

Maximum Maintenance Loan for Wales - £5,150 England - £5,555

75%65%

25%35%

Non- income assessed

WalesEngland

Based on Income assessment

Support for living costs

Grants & Loans for Welsh students living elsewhere in 2013/14

Household Income

Grant Loan Total

< £18,370 £5,161 £2,575 £7,736

£25,000 £3,347 £3,477 £6,824

£30,000 £2,099 £4,101 £6,200

£34,000 £1,142 £4,579 £5,721

£40,000 £734 £4,783 £5,517

£45,000 £393 £4,954 £5,347

£50,020 £50 £5,125 £5,175

£50,753 £0 £5,150 £5,150

£57,188 £0 £3,863 £3,863

© University of South Wales

Support for living costsGrants & Loans for English students living Elsewhere in 2014/15

Household Income

Grant Loan Total

£25,000 or less £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

£45,000 £0 £5,341 £5,341

£50,000 £0 £4,836 £4,836

£55,000 £0 £4,331 £4,331

£60,000 £0 £3,826 £3,826

Over £62,132 £0 £3,610 £3,610

Repayment of Loans

Repayments start once earning £21,000 per year

Interest is based on Inflation Rate plus 3%

Annual Income

Less than £21,000

£25,000 £30,000 £35,000 £40,000

Monthly repayments

Nil £30 £67.50 £105 £142.50

Disabled Students Allowance

Parents Learning Allowance

Childcare Grant

Adult Dependants Grant

Special Support Grant

Assessment is based on individual circumstances

Additional Funding from the Government

•Guaranteed place in halls in first year of study•£1,500 towards your accommodation in first year of study To qualify:

•Be personally liable to pay the full UK home rate tuition fee as applicable to your course •Live 45 miles + from Treforest campus (CF37 1DL)•Apply through UCAS for full-time honours degree at the University by 15th January 2014.

See website for further details

© University of South Wales

Centenary Bursary

• Worth £750 plus an iPad

To qualify:

• Undertaking full-time honours degree

• Achieve 320 UCAS points

• Apply through UCAS for full-time honours degree at the University by 15th January 2014.

See website for further details© University of South Wales

Flying Start Scholarship

Further scholarships and bursaries are available including:

• GradEdge Bursary• Sports scholarships• Welsh Medium scholarships• Many more…

See website for further details

© University of South Wales

Support from the University of South Wales

Loans and grants:

Welsh applicants apply via Student Finance Wales: www.studentfinancewales.co.uk

English applicants apply via Student Finance England: www.direct.gov.uk/studentfinance

Scottish applicants apply via Student Awards Agency for Scotland:www.saas.co.uk

Northern Irish applicants apply via Student Finance Northern Ireland:www.studentfinanceni.co.uk

Centenary Bursary & Flying Start Scholarship:

Apply using online link by 26th April 2014.

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How to apply

Other Costs to consider:

• Students should be aware of other less obvious costs they may

need to consider can include:• field trips • clubs/societies, • TV licence, etc. • Course costs – these can vary depending on course being studied.

• Average living costs per campus can be found on the University website

Tel: 01443 483778Email: money@southwales.ac.ukWeb: http://www.southwales.ac.uk/money/

© University of South Wales

Student Money Advice Team