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					HE Context & Finance 2012
                                      Vicki Carver

• Funding to HE has been reduced drastically
• HEFCE block grant now no longer exists for majority of
• Government hopes to create a ‘free market’ in HE
• Allowing private providers to teach degree qualifications
• Variable fees (up to a maximum of £9k a year)
• No more student numbers!
• AAB+ students unlimited
• Removing numbers from established institutions to give
  to new ones
The Huddersfield Picture

• UoH is losing the vast majority of it’s funding
• Also losing approx 8% of current numbers to new
• Fees are going to be £7,950 per year
• We have no debt as an institution – the fees will only pay
  for education received
• Challenging times!
The Huddersfield Picture

• BUT – we are in a stronger position than many other
• Financially
• Statstically:
   – 11th in the UK for teaching excellence (no.1 in Yorkshire)
   – Top 15 in UK for graduate employment (94%)
   – Top 15 for student satisfaction (no.1 in Yorkshire)
Student Fees & Financial Support

Student fees and financial support
can be broken down into three
main areas:

• Tuition fees

• Living Cost Loans

• Living Cost Grants
Tuition Fees: changes for 2012

• Nobody has to pay fees ‘up front’- fees are paid by a
  tuition loan
• Universities will be able to charge a maximum of £9,000
  a year – Huddersfield will charge £7,950 per year
• Graduates begin loan repayments once earning over
  £21,000 (rising with inflation)
• Interest on loans is charged at inflation plus 3% whilst
  studying. After graduation and once earning, the rate of
  interest will be dependent upon earnings i.e. lower
  earners pay less interest.
Living Cost Loans 2012

• Living away from home: maximum of £5,500

• Living at parental home: maximum of £4,375

• It will be paid back after graduation, once you are
  earning over £21,000, rising with inflation (along with
  your tuition fee loan)

• The amount you are entitled to is dependent on
  household income and how much non-repayable grant
  you are entitled to
Repayment 2012

• You will repay once you have graduated and are earning £21,000 or
  over, starting in the April after graduation
• Repayment levels rise with your earnings – you pay back 9% of
  anything you earn over £21,000
• Deducted automatically from your salary through the tax system
• If your income falls below £21,000, repayments will be suspended
• As an example, if you earn £25,000, you will repay your loan at the
  rate of just £1 per day
• You repay based on what you can afford, not on the total amount
• All outstanding repayments will be written off after 30 years
Salary      Amount of salary from   Monthly repayment
            which 9% will be

£25,000     £4,000                  £30.00
£30,000     £9,000                  £67.50
£35,000     £14,000                 £105.00
£40,000     £19,000                 £142.50
£45,000     £24,000                 £180.00
£50,000     £29,000                 £217.50
£55,000     £34,000                 £255.00
£60,000     £39,000                 £292.50
Graduate on £25k

             Net pay     Student Loan   Tax    National Insurance   Pension (6%)






               No Loan                        Current                        New
Living Cost Grants

• Non repayable
• Dependent on household
• Full grant is £3,250 for family
  incomes under £25,000
• Family incomes up to £42,600
  receive proportion of grant
• Remember that the amount of
  grant you receive will affect the
  amount of living cost loan you
  are entitled to
NHS related courses
• NHS courses are funded differently – students will not be
  required to pay tuition fees
• Finance is applied for directly through the NHS
  Living                  Non means-        Means tested    Non means-
                          tested grant      bursary (max)   tested loan
  Away from               £1,000            £4,395          £2,324
  parental home
  At parental home £1,000                   £3,351          £1,744
* Amounts may be more if living in London

• For more information visit
  or Department of Health website
National Scholarship programme

• A new government funded NSP available from 2012

• Eligible students will receive a minimum of £3,000 in year one (one-
  off payment)

• Only £1,000 could be paid as cash. Other options include fee

• Awards to be made by institutions who will set their own criteria

• Full details from summer 2011 on UCAS and individual university
Additional support

• Childcare Grant – to help with the costs of childcare.
  Student can apply for up to 85% of the cost of childcare
• Parents Learning Allowance – to help with course related
  costs for students with dependent children
• Adult Dependants Grant – to help any student who has
  an adult who depends on them financially

  Jobcentre Plus will not count Childcare Grant or Parents’
  Learning Allowance when working out any other
  benefits. Adult Dependants’ Grant will be taken into
Any questions?
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