Student Finance 2010-11

Monica KulkarniSenior Student Recruitment Officer

Division of Marketing and Communications

www.le.ac.uk

•Funding - Maintenance Loan - Maintenance Grant - Bursaries - Scholarships - Case studies - How to apply

• Budgeting

Funding

Previous study

• Previous degree attendance affects your student support entitlement – seek advice

• Holders of UK Honours degree or overseas equivalent – no entitlement to Fee Loan, Maintenance Loan or Maintenance Grant

• Tuition fees can be charged at variable rates – check with chosen university

Bursaries

• Automatically receive minimum £329 if receive Maintenance Grant

• At Leicester, maximum £1,384 depending on household income

• Paid by Student Finance England• Paid automatically to bank account in

February or March

Scholarships

• University of Leicester Scholarships (most disciplines)

• £1,000• AAB in A Levels (or equivalent)• Eliahou Dangoor Scholarships (STEM subjects)• AAA in A Levels

Case Study A: Anjali, Leicester• Household income £25,000,

away from home• Tuition Fee Loan = £3,290• Maintenance Loan = £3,497• Maintenance Grant = £2,906• Leicester Bursary = £1,319• £198 per week for 39 weeks• Will owe approx £20,300 on

graduation• Earning £24,000 = repayments

of £67.50 per month / £16 per week

Case Study B: Mark, Leicester

• Household income, £70,000, away from home

• Tuition Fee Loan = £3,290• Maintenance Loan = £3,564• Maintenance Grant = £0• Bursary = £0• £91 per week for 39 weeks• Will owe approx £20,500 on

graduation• Earning £16,000 =

repayments of £7.50 per month / £1.70 per week

How to apply

• Apply through Student Finance England online• Means testing based on previous tax year (i.e.

5th April 2010)• Can apply for “Current Income Assessment” if

income changes (more than 15%)• Link to UCAS application

www.direct.gov.uk/studentfinance

Budgeting

Budgeting

Further information• Student Finance England:

—www.direct.gov.uk/studentfinance

• UCAS:—www.ucas.com/students/studentfinance

• University of Leicester funding:—www.le.ac.uk/fees

• EGAS (Educational Grants Advisory Service):—www.egas-online.org.uk

• Scholarship Search:—www.scholarship-search.org.uk

• Uniaid:—www.uniaid.co.uk

In summary

• Current fees covered by Tuition Fee Loan

• Means tested Grant and Loan• Bursaries and Scholarships• Build a realistic budget• Throw away those credit cards!