Student Finance

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					Student Finance

     Designed by Aimhigher   1
      Canterbury College
 What do you have to
      pay for?
• Fees

• Living Expenses

           Designed by Aimhigher   2
            Canterbury College
    What do they cost?

• Universities and colleges of
  Higher Education can now
  charge up to £3145 a year
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             Canterbury College
   What help can I get?

• Student      • Scholarships
  Loan for
  Tuition Fees • Sponsorships

                      • Bursaries
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           Canterbury College
Student Loans for Fees
    How is this paid?

• Paid direct to the
  college/university by
  Student Finance England

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           Canterbury College
   Loan Repayment
  How do I pay the Loan

• Repay after you graduate
  and earn over £15,000
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            Canterbury College
• Repay at 9% of income over
  £15,000 threshold (for
  example, with a salary of
  £20,000 you would pay
  back £37.50 per month)

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           Canterbury College
  Repayment Holiday
• Those starting repayments
  in April, 2012 or later will be
  eligible for a repayment
  holiday of up to 5 years.

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              Canterbury College
 Repayment Holiday
• Only the payments will be
  put on hold, the interest
  (linked to inflation) will
  continue to accrue

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            Canterbury College
     Loan Write Off
• Any student loan balance
  left unpaid 25 years after
  they have left their course
  (or maximum of 30 years
  where a full repayment
  holiday has been used)
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             Canterbury College
• Non-repayable support
  offered by the

• Amounts vary – typical
  bursary is £1000
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             Canterbury College
• Additional to Government


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             Canterbury College
   University of
Manchester - Bursary
The award: £1,000 a year
 (includes the minimum
 standard bursary of £300 for
 students who are receiving
 maximum state support)
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            Canterbury College
• Who is eligible:

• All UK students with an
 annual household income
 of up to £27,120.

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             Canterbury College
• Scholarships may be
  awarded by a university or
  college, a business or
  charitable body.

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            Canterbury College
• They are generally awarded
  to students who
  demonstrate or show
  promise of high
  achievement in certain
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            Canterbury College
        Such as:
• academics, athletics,
  music, art or other

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            Canterbury College
  University of Kent

• Academic Scholarships

• Partner Scholarships
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           Canterbury College
• Partner scholarships are
  offered by the University to
  encourage local students to
  continue in Higher
  Education and are available
  to pupils from Partner
  schools and colleges.
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            Canterbury College
• The University of Kent offers
  25 academic scholarships
  of £1000 - awarded on the
  basis of academic excellence.

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             Canterbury College
      University of
Sports scholarships
• Supports individuals to
  excel in their sporting and
  academic achievements
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             Canterbury College
       How Much?
• The level of support is
  dependent on the level of
  performance but ranges
  from £200 to £2,000.

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            Canterbury College
• Assistance with university
  expenses offered by

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            Canterbury College
• Amounts offered can vary
  from company to company

• Application is to the
  company by CV and
  covering letter
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             Canterbury College
     Living Expenses
      What help can I get?

• Maintenance Grant

• Student Loan for Living
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              Canterbury College
• Special Support Grant

• Other Grants

• Bursaries
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               Canterbury College
   Maintenance Grant

Further information:

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              Canterbury College
   If your household
       income is:
• £25,000 or less = full grant
  (£2835 pa)

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             Canterbury College
   If your household
       income is:
• Between £25,000 and
 £60,005 = partial grant.

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            Canterbury College
    If your household
        income is:
• Over £60,005 = no grant,
  but you will be entitled to
  take out a student loan.

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            Canterbury College
Student Loan for Living
• To help with living costs

• Attract low rate of interest
  (at inflation levels)
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             Canterbury College
  Amount of loan
   depends on:
–Where you are studying

–Whether you will be living
 at home or not

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          Canterbury College
  Amount of loan
   depends on:
–Your household income

–The amount of
 Maintenance Grant you
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         Canterbury College
Special Support Grant
• A non-repayable grant of up to £2835 for
  new full-time students eligible to receive
  Income Support and other means-tested

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                  Canterbury College
  Special Support Grant
• Based on the household’s

• Students eligible for the grant
  will not be eligible for the
  Maintenance Grant
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              Canterbury College
Special Support Grant
• Any Maintenance Loan
  received will not be reduced
  to take account of this Grant

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             Canterbury College
    Childcare Grant
• For full-time students with
  dependant children in
  registered and accredited

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             Canterbury College
       How much?

• Up to £148.75 per week for
  your first child and £255 per
  week for two or more

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             Canterbury College
    Childcare Grant
• The amount payable to you
  depends on your household
  income and actual childcare

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            Canterbury College
   Parents Learning
• Provides help with course-
  related costs for students
  who have dependant
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            Canterbury College
      How much?

• Up to £1470 a year
  depending on household

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           Canterbury College
  Adult Dependants’
• Amount payable depends
  on your household income
  and the income of your
  adult dependants

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           Canterbury College
       How much?
• Up to £2575 a year for full-
  time students with a
  husband, wife, partner or
  another adult family
  member who depends on
  you financially
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             Canterbury College
  Travel, Books and
  Equipment Grant
• For students up to the age
  of 55 with dependant
  children, you may be
  entitled to support these
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            Canterbury College
       How much?
• Up to £500 to help with
  these costs. This grant will
  not be counted by
  Jobcentre Plus when they
  calculate any benefit
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             Canterbury College
  Disabled Students
• For Full or Part-time Students
  having to meet additional costs
  due to either a disability, a
  mental condition or a
  specific learning difficulty.
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             Canterbury College
  What is available?
• General Disabled Student's
  Allowance (up to £1680 per

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           Canterbury College
  What is available?
• Specialist Equipment
  Allowance (up to £5030 for
  the whole course, the
  money must be spent only
  on equipment)
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            Canterbury College
  What is available?
• A non-medical personal
  helper allowance (up to
  £20,000 per year to pay for
  a helper)

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            Canterbury College
  What is available?
• Travel costs arising from the
  student's disability.

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             Canterbury College
  Part-time Students
• Fee Grant

• Help with course costs

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           Canterbury College
         Fee Grant
• This non-repayable grant
  will be up to £1180 (based
  on household income).
  Students must be studying at
  a rate of 50% or more of a
  full-time equivalent course.
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             Canterbury College
Help with course costs
• A non-repayable grant of up
  to £255 is available (based
  on household income) to help
  meet the cost of books, travel
  and course expenditure.

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             Canterbury College
 Access to Learning
 Funds and Access
• Who?
• What?
• How?
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           Canterbury College
• Available directly from
  universities to help students
  from lower income
  households with little financial
  support who face financial
  difficulty during their study.

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              Canterbury College
• Full-time students and part-
  time students whose study
  equals 50 per cent or more
  of full-time study can apply.

• Payment may be as a (non-
  repayable) grant or a short-
  term repayable loan.
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             Canterbury College
Hardship Funds and
  Hardship Loans
• Who?
• What?
• How?

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           Canterbury College
• Hardship Loans of up to
  £500 (available direct from
  the University/College) are
  only available to students
  who have already received
  the first instalment of their
  student loan and then find
  themselves in difficulties.
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              Canterbury College
• Hardship Funds are for
  students who have higher
  than expected costs and
  have usually already received
  a Hardship Loan.
• Payments from the Hardship
  Fund can range from £100
  to £3500. Designed by Aimhigher   59
             Canterbury College
  Getting this money
• PN1 form

• Apply online at
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              Canterbury College
PN1 Forms Continued
• send in a paper form

• Large print forms also
  available on request

• Deadline
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              Canterbury College
  Further Information
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            Canterbury College

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             Canterbury College
  Further Information
• Dawn Chapman
• Janet Reynolds
• Victoria Perks
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            Canterbury College
  College Surgeries
• Every Tuesday – 12.30 p.m.
  – 1.30 p.m. LRC top floor

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           Canterbury College

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