money to study – a guide to funding your studies in 2014
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Money to study – a guide to funding your undergraduate studies in 2014by the University of South Wales Student Money Advice TeamTRANSCRIPT
© 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
© University of South Wales
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.
© University of South Wales
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: [email protected]: http://www.southwales.ac.uk/money/
© University of South Wales
Student Money Advice Team