Money to Study - A guide to funding your studies
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Transcript of Money to Study - A guide to funding your studies
Money to Study
A guide to funding your studies
Student Money Service
©University of Glamorgan
This presentation is applicable to:
Full time undergraduate students who:
• Are domiciled in Wales or England, and
• Are eligible for UK student support, and
• Are starting their studies in February 2013
• Have not studied previously at HE level
2012 Tuition Fees
University of Glamorgan
• Degree - £9,000* per yr
• Foundation Degree/HND - £7,500* per yr
*Expect an annual inflationary increase
Support for Tuition Fees
Students do not have to pay fees ‘up front’
Welsh students:
Tuition Fee Loan (£3,465)
Tuition Fee Grant (fees above £3,465)
English students:
Tuition Fee Loan (up to £9,000)
Previous study can affect eligibility to fee grant and loan.
Support for living costsGrants & Loans for Welsh students living Elsewhere in 2012/13
Household Income
Assembly Learning Grant
Less than £18,370 £5,000
£20,000 £4,568
£25,000 £3,242
£30,000 £2,033
£34,000 £1,106
£40,000 £711
£45,000 £381
£50,020 £50
Over £56,708 £0
Maintenance Loan Living Elsewhere -
£4,745
£1,901
£2,005
£2,800
£3,526
£4,082
£4,319
£4,517
£4,715
£3,559
Total Support for Living Costs
£6,901
£6,573
£6,042
£5,559
£5,188
£5,030
£4,898
£4,765
£3,559
Support for living costsGrants & Loans for Welsh students living in Parental Home in 2012/13
Household Income
Assembly Learning
Grant
Less than 18,370 £5,000
£20,000 £4,568
£25,000 £3,242
£30,000 £2,033
£34,000 £1,106
£40,000 £711
£45,000 £381
£50,020 £50
Over £56,708 £0
Maintenance Loan Living in the Parental
Home - £3,673
£829
£933
£1,728
£2,454
£3,010
£3,247
£3,445
£3,643
£2,755
Total Support for Living Costs
£5,829
£5,501
£4,970
£4,487
£4,116
£3,958
£3,826
£3,693
£2,755
Support for living costsGrants & Loans for English students living Elsewhere in 2012/13
Household Income
Maintenance Grant
£25,000 or less £3,250
£30,000 £2,341
£35,000 £1,432
£40,000 £523
£45,000 £0
£50,000 £0
£55,000 £0
£60,000 £0
Over £62,125 £0
Maintenance Loan Living Elsewhere -
£5,500
£3,875
£4,330
£4,784
£5,239
£5,288
£4,788
£4,288
£3,788
£3,575
Total Support for Living Costs
£7,125
£6,671
£6,216
£5,762
£5,288
£4,788
£4,288
£3,788
£3,575
Other Financial Support
• Special Support Grant.
• Parents Learning Allowance - £1,508.
• Childcare Grant – 85% of costs up to a maximum of
£161.50 per week for 1 child
£274.55 per week for 2 or more children
• Adults Dependants Grant - £2,647.
• Disabled Students Allowance.
* Welsh rates are specified above.
Student Loan Repayment• Income contingent.• Threshold is £21,000 per year (if working in UK).• Interest set at rate of inflation + 3% whilst studying. After study
interest depends on level of salary. • Repayments are 9% of earnings over the threshold. • Collected through the tax system and calculated monthly.• Outstanding balance written off after 30 years.
Annual Income
Less than
£21,000
£25,000 £30,000 £35,000 £40,000
Monthly repayments
Nil £30 £67.50 £105 £142.50
Support from the University of Glamorgan
Further scholarships and bursaries are
available including:
• Sports scholarships
• Welsh Medium scholarships
• Glamorgan Fast Track Undergraduate Bursary
www.glam.ac.uk/money
Glamorgan Fast Track Undergraduate Bursary
• £1,500 towards the cost of your accommodation in your first year
• Must not be in receipt of the Welsh Government tuition fee grant
• Must reside at least 45 miles from the Treforest campus
• Must enrol on one of the 13 nominated courses
Glamorgan Fast Track Undergraduate Bursary
• Apply for the Bursary by 4pm Friday 11th January 2013 for BSc Aircraft Maintenance
• Apply for the Bursary by 4pm Friday 1st February 2013 for all other courses
How to apply
• Welsh applicants apply via Student Finance Wales: www.studentfinancewales.co.uk
• English applicants apply via Student Finance England: www.studentfinancedirect.co.uk
• Glamorgan Fast Track Undergraduate Bursary
Apply online at www.money.glam.ac.uk
Other costs to consider
• Accommodation
• Bills
• Any additional course costs
• Food
• Social
• Travel
Useful contacts
Student Money Service
www.glam.ac.uk/money
Tel: 08456 434 030
Email: [email protected]
Student Finance Wales
www.studentfinancewales.co.uk
Student Finance England
www.studentfinancedirect.co.uk