edge hill university student finance 2016

StudentFinance2016 Entry

Contents

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ContentsLoans 4Repaying Loans 7Scholarships 10Funding At A Glance 16Frequently Asked Questions 19Useful Contacts 24

Disclaimer: Students domiciled outside of Englandshould check with their funders for specific details onfees and living costs support. Contact details can befound on page 24.

The accuracy of the guidance in this booklet is based onthe latest information available at the time of writing.However, such information is subject to change,sometimes at short notice.

Whilst care has been taken to ensure that allinformation is correct, the University does not acceptresponsibility for errors, omissions or inaccuraciesrelating to external funding which it does not control.No guarantee is given that funding from external sourceswill be provided to any individual student.

Printed: October 2015

Money while you studyStudents and their supporters need to know about the financialside of studying, and Edge Hill University aims to give you theclearest information possible.

This booklet summarises key information and tells you who you can contact to find out more.

There are differences in financial arrangements for some courses and according toindividual circumstances, but for the majority of students starting undergraduate degreesin 2016:

- You don’t have to pay fees up front

- You could receive a loan for living costs of up to £8,200 each year

- Edge Hill will give £1,000 to eligible high performing students who achieve 360 UCAS points in their final exams

- Tell us about your achievements outside the classroom and you could receive an Excellence Scholarship woth up to £2,000

- You could develop your sporting performance by applying for a Sports Scholarship worth up to £1,000 per academic year.

Details of these schemes, special support for disabled students, care leavers and more isgiven on the following pages.

As with anything relating to money, ‘terms and conditions apply’ – these are also explainedon the following pages, and our advisers can clarify anything that is unclear.

Student Finance –Loans

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Student Finance – Loans

Student Finance - LoansFunding arrangements for UK and EU undergraduate students for 2016/17

Tuition FeeOur standard full-time undergraduate tuition fee is £9,000 per annum.

Eligible students (UK/EU) will be able to borrow the full cost of their tuition fee from theGovernment in the form of a loan.

• You do not have to pay for your course upfront• You can get a loan to cover the cost of your tuition which you start to repay once you

have left university and are earning over £21,000 per year• Any monies still owed after 30 years will be written off

Living CostsMaintenance LoanStudents who live away from their parental home and study at a university outside Londonmay be able to borrow up to £8,200 per annum to help with living costs. Students whoremain in the parental home whilst studying can expect to borrow up to £6,904.

All students from England studying for their first undergraduate degree, regardless ofhousehold income, could receive the basic maintenance loan of up to £3,039 per annum.The difference between the basic loan and the maximum loan is means-tested, based onhousehold income.

Maintenance loans are paid directly to the student in three instalments.

Some students may be entitled to special support grants and other forms of financialsupport (eg. Disabled Students Allowance). Further information is available atgov.uk/studentfinance

Student Finance –Loans

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£25,000 £8,200

Household income

Studying Away from Parental Home(outside London)

Maximum MaintenanceLoan available

£30,000 £7,612£35,000 £7,023£40,000 £6,434£42,875 £6,095£45,000 £5,845£50,000 £5,256£55,000 £4,667£60,000 £4,078£62,180 £3,821 (+)£65,000 £3,821£70,000 £3,821

£25,000 £6,904

Household income

Studying Whilst Living at ParentalHome (outside London)

Maximum MaintenanceLoan available

£30,000 £6,322£35,000 £5,740£40,000 £5,158 £42,875 £4,824£45,000 £4,576£50,000 £3,994£55,000 £3,412£58,201 £3,039 (+)£60,000 £3,039£65,000 £3,039

i gov.uk/studentfinance

i edgehill.ac.uk/fees

Summary of support for living costs

Repaying Loans

Repaying Loans

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How loan repayments workTuition fee loans and maintenance loans will be added together as one amount of moneywhich you will be required to repay to the Student Loans Company.

Students will only be required to start repaying student loans from the April after theyhave graduated (or left university) and are earning over £21,000 per annum. If yourearnings fall below £21,000 in the future, your repayments will stop until your earningsexceed the repayment threshold. The more you earn over £21,000 per annum, the moreyou will repay.

Repayments are calculated at 9% of earnings over £21,000. Loan repayments will bededucted from your salary at source (usually through PAYE).

Typical monthly repayments will be:

£25,000

Salary

£30,000£35,000£40,000£45,000£50,000£55,000£60,000

£4,000

Amount of salary fromwhich 9% will be deducted

£9,000£14,000£19,000£24,000£29,000£34,000£39,000

£30.00

Monthly repayment

£67.50£105.00£142.50£180.00£217.50£255.00£292.50

Repaying Loans

Rates of interestA nominal rate of interest is charged on student loans. For students who begin theirstudies in 2016, the Government has set out the following interest rates:

• Interest on your loan will be applied at inflation (Retail Price Index – RPI) plus 3% while you are studying, and up to the April after you leave university

• From the April after you leave university, if you are earning less than £21,000 per annum, interest will be applied at the rate of inflation

• For graduates earning between £21,000-£41,000 per annum, interest will be applied between RPI and RPI +3% on a gradual increasing scale depending on income

• For graduates earning above £41,000, interest will be applied at RPI + 3%

No early repayment charges will be made.

Previous Higher Education Study (excluding PGCE)The number of years you are able to receive student funding is limited. Previous studyincludes time spent on a full-time higher education course or any specifically designatedpublic funded higher education course, whether or not it is in the UK. Even if you attendedfor just one day of an academic year this is counted as a whole year in terms of your fundingentitlement.

If you have previous study, regardless of how far back this dates, it could mean that youmay not qualify for a full tuition fee loan, and will be required to self-fund all or part ofyour course.

If you have achieved a lower level qualification i.e. HNC, HND, Cert HE, DipHe, orFoundation Degree, full fee and maintenance support should still be available to top-upyour qualification. However, time spent on preliminary courses will be taken into accountin assessing your financial entitlement.

Please note that the regulations are complicated and you should seek advice about previousstudy as soon as your place is confirmed. Detailed information on previous study isavailable at edgehill.ac.uk/previousstudy and you can also contact the Fees,Scholarships and Bursaries Team on [email protected] for furtherinformation.

Scholarships

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Scholarships

ScholarshipsEdge Hill University Financial Support for New Students

High Achievers ScholarshipWorth £1,000 and paid over the first year of a full-time undergraduate degree, the HighAchievers Scholarship rewards high performing school leavers who achieve 360 pointsfrom a maximum of three final A2 (or equivalent) subjects in one sitting.

Eligibility Applicants must have submitted their UCAS application to a full-time undergraduatedegree at Edge Hill University for a course carrying the full tuition fee to be eligible forthis award. Applicants must embark on a full-time degree within 3 years of completingtheir A-levels or equivalent. Edge Hill University students studying Foundation Degreesat partner colleges will also qualify for this award.

How do I apply?Students will be assessed automatically during their application to Edge Hill University.

Excellence ScholarshipIf you've applied to Edge Hill University for full-time study on an undergraduate degree orPGCE, you could make a substantial difference to your student life and finances by applyingfor an Excellence Scholarship worth up to £2,000 which will be paid over the duration ofyour course.

If you can demonstrate determination, commitment and achievement outside of work orstudy, we want to hear from you.

Eligibility Excellence Scholarships are available to prospective full-time students who have firmlyaccepted an offer of a place. Eligibility for scholarships does not depend on your financialsituation or degree subject.

How do I apply?Application forms for the Excellence Scholarship will be available at:edgehill.ac.uk/scholarships from early 2016.

Sports ScholarshipsIf you've applied to Edge Hill University for full-time study on an undergraduate degreeor PGCE, you could make a substantial difference to your student life and finances byapplying for a Sports Scholarship worth up to £1,000 per academic year.

If you are talented at sport, participate at a competitive level or coach, and can demonstratethe ability and ambition to improve in your sport during your time at Edge Hill University,then we want to hear from you.

How do I apply?Application forms for our Sports Scholarships will be available at:edgehill.ac.uk/scholarships from early 2016.

Scholarships

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Liverpool ScholarshipA £3,000 Scholarship will be awarded to the student with the highest UCAS tariff scorewho commences a full-time undergraduate degree and is domiciled in the City of Liverpool,and is paid in the first year.

Should more than one student achieve the same tariff score, the Scholarship will be dividedequally amongst the highest scoring candidates.

How do I apply?Students will be assessed automatically during their admission to Edge Hill University.

On-Course and Nomination ScholarshipsEdge Hill University offers a variety of scholarships for students who are already enrolledon selected courses.

Excellence Scholarships are worth up to £2,000. They reward determination,commitment and achievement in a variety of areas.

Nomination Scholarships are worth up to £2,000. They recognise contribution to theUniversity and are by nomination only.

Academic Achievement Awards of £500 are paid to the best performing first andsecond year students whilst on their course.

Other Scholarships and Support

Care Leavers BursariesUp to £1,000 per annum for care leavers on any full-time or part-time undergraduateprogramme.

Preparation for HE ScholarshipsOpen to students undertaking one of the University’s Access programmes (Fastrack) whosubsequently enrol on a full-time undergraduate degree course. Scholarships are awardedby nomination for commitment in the face of adversity, and are worth £1,000.

Helena Kennedy ScholarshipsOpen to applicants for any full-time undergraduate programme by personal applicationto the Helena Kennedy Foundation; four awarded annually on the basis ofhardship/disadvantage. Please refer to www.hkf.org.uk.

ContactT: 01695 657245E: [email protected]

i edgehill.ac.uk/scholarships

Millie ForrestBA (Hons) Coach EducationSports Scholarship (Gold) 2014/15

Ranked 2nd in Great Britain and 9th in the world in Discus in the F37 category for peoplewho have cerebral palsy, Millie’s ultimate goal is to compete at the Paralympic Games inRio in 2016.

Millie has already been spotted as a top athlete, she was granted a prestigious SportsAidAward, following in the footsteps of athletes such as Ellie Simmonds, David Weir andJessica Ennis-Hill, and is part of the British Athletics Parallel Success Academy. Millie’sScholarship will give her the chance to travel further afield to competitions so that she cancontinue to compete at the highest level.

Scholarships

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Adam HamptonBA (Hons) English Literature with Creative WritingExcellence Scholarship in Creative Arts 2014/15

Former Royal Marine Adam Hampton found comfort in writing poetry when his militarycareer was cut short by injury. Now, his first collection of poems, ‘Transitions’, has earnedhim a Scholarship from Edge Hill and helped him make the change from soldier to scholar.The Scholarship will help Adam to develop his poetry as he plans to submit a collection ofpoems to a small publishing house, as well as submitting poems to competitions, both ofwhich are quite expensive ventures.

Summary of financial support available by course:

*Teaching Agency Bursaries (for PGCE students)Students who satisfy the criteria set by the National College for Teaching and Leadership(NCTL) will be eligible for a monthly bursary for the set duration of their studies. If youare eligible for a bursary you will receive information during your enrolment session. Pleaserefer towww.education.gov.uk/get-into-teaching for further information.

Course

UndergraduateCourses

full-time studentsonly

full-time students only



PGCE Courses




Pre-RegistrationCourses; (Nursing,Midwifery, ODP)

Fees paid by Dept ofHealth

(reducedrate)

Paid through theNHS bursarydepartment.See NHS forfurther details

See NHSfor furtherdetails


Tuition Fee Loan

MaintenanceLoan

(total amountbased on household income)

SupplementaryGrants (ParentsLearning Allowance,

Childcare Grant,Dependents Allowance)

Means-Tested

NHS Bursary and

non-meanstested grant

High Achievers Scholarship

Excellence Scholarship

and Sport

Scholarship

subject tocriteria setby NCTL*

NCTLBUrsary

Student Funding and Support

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Student Funding and Support

Support for Students Starting in 2016

Tuition FeeLoan

Funding

Up to £9,000 peryear

How much?

AssessedAgainst Income?

(up to£6,750)

Availablefor part-time students?

(subject topreviousstudy)*

Is there acap on thenumberavailable?

Directlyto theuniversity

How will themoney bepaid?

MaintenanceLoan

Up to £8,200(£6,904 for thoseliving at home)

(subject topreviousstudy)*

In three instalmentsto your bankaccount

High AchieversScholarship+

£1,000 In two instalmentsacrossfirst year

ExcellenceScholarship

Up to £2,000 In instalmentsthroughoutyour programme

Will themoneyhave to bepaid back?

Care LeaversBursary

£1,000 for full-timestudents. £500 forpart-time students(each year)

Oneinstalment

HelenaKennedyScholarship

Refer to www.hkf.org.uk

Paid directlyfrom the HelenaKennedyFoundation

Funding at a Glance

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Funding How much?AssessedAgainst Income?

Availablefor part-time students?

Is there acap on thenumberavailable?

How will themoney bepaid?

Preparation for HEScholarship

£1,000 In two instalmentsacrossfirst year

LiverpoolScholarship

£3,000 In threeinstalments

Sports Scholarship

Up to £1,000 peryear

Up to twoinstalmentsper year

Will themoneyhave to bepaid back?

+ Not available to Pre-Registration Professional Health Programme students

* Please refer to page 9 for more information about previous study

Some students may also be eligible for additional forms of support including DisabledStudents’ Allowance, Parents’ Learning Allowance, Adult Dependents Grant or ChildcareGrants. Please check gov.uk/studentfinance for further information.

Frequently Asked Questions


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Paying FeesDo I have to pay my tuition fees up front?No, as long as you have not been to university before and meet the residency conditions youshould be entitled to take a loan out (via Student Finance) to cover the cost of your fees.

Will the amount of the loan I receive for fees depend on how much my familyearn?No, the tuition fee loan is not assessed against household income. This means thatregardless of what your parents or partner earns you should still be eligible for the tuitionfee loan (subject to the conditions above).

What if I have been to university before and already hold a degree?If you already have a degree you may not be able to apply for loans for a second degree,although there are certain courses which are exempt from this legislation. Please get intouch with Academic Registry who will be able to offer further advice and guidance. Youcan fnd their contact details on page 24.

I have been to university before but didn’t finish my course. Will I still beeligible for all my funding?Your previous study may have an impact on funding for a new course, speak to the Fees,Scholarships and Bursaries Team or Academic Registry. You can fnd their contact detailson page 24.

I am thinking of applying for a nursing or paramedic course, will I have to payfees?No, the NHS will continue to pay the fees for nursing and paramedic courses in 2016.

I am a part-time student; will I have to pay my fees up front?No. Part-time students will be eligible for tuition fee loans as long as they are studying atleast 25% of an eligible full-time course.

I don’t live in England how will I fund university?Students from Scotland, Wales, Northern Ireland and Islands will be able to apply forsupport for tuition fees and living costs through their devolved governments. Studentswho are ordinarily resident in the EU, and have been for three years prior to the start ofthe course, will be entitled to apply for tuition fee loans on the same basis as Englishstudents. EU students generally can’t apply for loans for living costs.

Can I take out a tuition fee loan for each year of my course?Yes, most full and part-time students will be able to apply for loans for each year of theircourse (subject to previous study and residency conditions).


Will the tuition fee loan I can apply for be enough to cover the full fee?Yes, the tuition fee loan will cover your full tuition fee and will be paid direct to Edge Hill.

Can I self-fund my studies?You may pay your tuition fees securely up front at enrolment viapayments.edgehill.ac.uk/fees. Alternatively, you may, with agreement from AcademicRegistry, pay your tuition fees in three equal instalments. Arrangements will be discussedand agreed at enrolment.

Living Costs and Maintenance LoansWill I be entitled to apply for help with my living costs while I am on thecourse?Yes, most full-time undergraduates can also apply for a maintenance loan to cover theirliving costs. You can take out a maintenance loan for each year of your course (subject toeligibility). Some students may be entitled to additional support. Seegov.uk/studentfinance for more information.

How much maintenance loan will I be entitled to?The amount of maintenance loan you can apply for will depend on your household incomeand where you are going to live whilst studying. Students living in the parental home canapply for up to £6,904 and students living away from the parental home can apply for upto £8,200.

My household income is high, does this mean I won’t qualify for amaintenance loan?No, all students should receive at least 65% of the loan regardless of household income(subject to residency and previous study).

What can I use this money for?The maintenance loan is designed to meet your living costs including food, accommodationand travel. The money is paid to you in three instalments over the academic year.

When can I apply for this support?If you are starting a course in September 2016 it is expected you should be able to applyfor your funding from January of that year. To apply go to gov.uk/studentfinance


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Repaying LoansWhen will these loans have to be repaid?You won’t have to start repaying your loans until the April after you leave university andare earning at least £21,000 per year. Part-time students will be required to start makingrepayments four years after starting the course if they are earning over £21,000 per year.For all students the repayments are calculated at 9% of your earnings above £21,000.

What if I don’t earn over £21,000 when I finish university?If you earn less than £21,000 when you finish studying and start work you won’t startmaking repayments until your income goes above the threshold. Similarly, if your salaryever drops below £21,000 for any reason your repayments will stop.

Will I be repaying the loan until all the debt is cleared?Not necessarily, as mentioned earlier if your salary drops below £21,000 the repaymentswill stop. If you haven’t repaid all of the loan within 30 years, anything you still owe iswritten off.

Non-repayable FundingWill I be entitled to any grants?Students can also apply for a Childcare Grant, Adult Dependants’ Grant and Parents’Learning Allowance. All of these grants will be assessed against household income and are applied for through the relevant student funding body. Students with a disability,long-term health condition, mental health condition or specific learning difficulty canapply for Disabled Students Allowance. Edge Hill also have a wide variety of scholarshipsavailable to eligible students, a full list of all the funding available can be seen in the tableon pages 17 and 18.

Part-time StudentsI am a part-time student will I be eligible for loans and grants?Part-time students are not entitled to maintenance loans however they can apply for tuitionfee loans.

Useful Contacts

Useful Contacts

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Edge Hill Money Advice TeamE:[email protected]: 01695 657250

Edge Hill Tuition Fees (Academic Registry)E: [email protected]: 01695 657359

Edge Hill ScholarshipsE: [email protected]: 01695 657245

Student Finance Englandwww.gov.uk/student-financeT: 0300 100 0607

Student Finance Waleswww.studentfinancewales.co.ukT: 0300 200 4050

Student Finance NIwww.studentfinanceni.co.ukT: 0300 100 0077

Student Awards Agency for Scotland (SAAS)www.saas.gov.ukT: 0300 555 0505

Information regarding NHS bursarieswww.nhsbsa.nhs.uk/studentsT: 0300 300 1345

Students’ Union Advice Centre E: [email protected]: 01695 657301

Useful Contacts

Notes

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Information correct at time of going to print.Printed: October 2015

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