www.swansea.ac.uk

www.swansea.ac.uk

Funding Your Future at Swansea University

Rob Ellis

Money Advice and Support

Office

www.swansea.ac.uk

What course are you planning to study?Information in this presentation is relevant to:

• Undergraduate Swansea University Courses for

• Welsh or English Domiciled Students

Available funding is slightly different if you:

• Study Social Work

• Study NHS Funded Courses (Nursing, Midwifery, Ologies etc)

• Are Domiciled elsewhere (Scotland, Northern Ireland, EU etc)

www.swansea.ac.uk

Tuition Fees

• £9,000 p.a. at Swansea University

• Tuition fee support available so no upfront cost

• All UK students will be entitled to a Tuition Fee Loan to

cover their fees (subject to meeting eligibility criteria)

• Welsh domiciled students can apply for Tuition Fee Grant

so amount borrowed will be £3,465 p.a.

• Funding is not ‘means tested’

www.swansea.ac.uk

Student Loan for Maintenance

• All students are entitled to a loan for maintenance (subject to meeting eligibility criteria)

• How much a student will receive will depend on where they study, household income, and the amount of grant received

Students currently living in England

Students currently living in Wales

Living in London £7,675 £6,648

Living at home £4,375 £3,673

Living ‘elsewhere’

£5,500 £4,745

£4,988

£2,844

£3,575

£4,321

£2,387

£3,084

www.swansea.ac.uk

Maintenance Grants

Grant amounts and income thresholds for grant vary between England and Wales:

Maximum grant for students from England: £3,250 p.a. Maximum grant for students from Wales: £5,000 p.a.

Grant Entitlement

Household income WALES

Household income ENGLAND

Full grant Under £18,370 p.a. Under £25,000 p.a.

Partial grant £18,370 - £50,020 p.a. £25,000 – £42,875Students who receive a grant will receive a smaller student loan as the aim of the grant is to reduce the level of debt for students from mid to low income households

www.swansea.ac.uk

Financial Assistance Re-Cap

Student Loan for Maintenance:

Up to £5,500 p.a.

Grant: Max £3,250 p.a.

Students living in Wales

Students living in England

Student Loan for Maintenance:

Up to £4,745 p.a.

Grant: Max £5,000 p.a.

Tuition Fee Loan Tuition Fee Loan

www.swansea.ac.uk

Supplementary Grants

Depending on your circumstances you may be entitled to one of the following:

• Parental Learning Allowance

• Childcare Grant

• Adult Dependent Grant

• Disabled Students Allowance

www.swansea.ac.uk

Applying for Student Loans and Grants• Application process usually opens after UCAS application

deadlines

• Unsure about where you will study? STILL APPLY!

• Use the Student finance calculators to help plan your finances

• Apply online at:

www.studentfinanceengland.co.uk

www.studentfinancewales.co.uk

www.swansea.ac.uk

And repaying it….

• Interest will be charged on a sliding scale up to a max of inflation+

3%

• Repayments begin when the graduate’s earnings exceed £21,000 pa

• Repayments are automatically deducted from earnings

• The level of repayment is 9% of any income over £21,000, i.e.

• Most graduates will not repay all of their loan – any unpaid loan is written off after 30 years

Annual Income

Monthly income

Monthly Loan Repayment

£25,000 £2,083 £30

£30,000 £2,500 £67.50

www.swansea.ac.uk

Living Costs in Swansea

According to Push.co.uk in 2010/11:

•The average student rent in the UK was £78.79 per week in 2010/11

•The average rent in Swansea was £67.89 per week

•Swansea has been ranked 5th cheapest place in the UK to live as a student

For 2012/13

•Our University accommodation is available from £73.00/w (inc Bills)

•www.swansea.ac.uk/undergraduate/fees-and-funding/cost-of-living

www.swansea.ac.uk

Swansea University Scholarships & BursariesIncome related bursaries

•Bursaries are available for most UK students from households where the household income is under £30,000 per year

•Additional bursaries are available to the above students who study Engineering, Maths, Computer Science, Bioscience, Physics, Modern Foreign Languages and Law subjects

Household income

Bursary Priority subject bursary

Total possible bursary (duration

of course)

<£15,000 £3,000 £1,500 £4,500

£15,000 - £25,000

£2,000 £1,500 £3,500

£25,000 - £30,000

£1,000 £1,500 £2,500

www.swansea.ac.uk

Swansea University Scholarships & BursariesExcellence Scholarships

• Worth £3,000 - if Swansea is made firm choice (CF) with UCAS

• Awarded to all students who achieve AAA at A-Level (or equivalent)

Merit Scholarships

• Worth £2,000 - if Swansea is made firm choice (CF) with UCAS

• Awarded to all students who achieve AAB at A-Level (or equivalent)

Sporting Scholarships

• Scholarships worth £1,000 p.a. available to elite athletes

Care Leaver bursary

• £1000 per academic year (subject to meeting eligibility criteria)

www.swansea.ac.uk

Financial support and advice while you study

The Money Advice and Support Office provides:

• Debt and Budgeting advice

• Student funding advice

• Hardship funds

• Financial Capability awareness events

• General advice regarding on all student money related matters

www.swansea.ac.uk

To find out more

• TODAY: Representatives from the Money Advice and Support Office are available in the marquee in front of Fulton House armed with numerous help sheets

• ONLINE:

www.studentfinanceengland.co.uk

www.studentfinancewales.co.uk

www.ucas.com/students/studentfinance

www.swan.ac.uk/undergraduate/fees-and-funding

www.swansea.ac.uk

And finally …

Thanks for coming & enjoy

Swansea University