Financing Higher Education
Aims and objectives
By the end of this session you will have;
• An understanding of why it is important that you begin to
think about student finance
• An overview of the main costs associated to university life
• An overview of the support available
• An overview as to how to apply for Student Finance and how
to pay it back
Tuition fees
• Universities and colleges can charge between £6,000 and
£9,000 per year
• The majority charge the full fees of £9,000
• You do not need to pay upfront
Living costs
Reason for spend
Amount
Accommodation (catered)
£5,760
Books and equipment
£300
Food – lunches, coffees etc.
£640
Clubs and societies
£270
Clothing
£270
TV licence
£145
Travel home
£150
Toiletries and haircuts
£150
Telephone
£270
Social life
£1,120
House deposit for next year
£370
Total
£9,445
Available finance
• Tuition fee loan
• Living cost support
• Maintenance Loan
• Maintenance Grant
• Institutional support
• Other support
Sources of Income:
Government
Type of funding
Amount
Repayable
Tuition fee loan
Full value up to
£9,000

Maintenance
loan
Up to
£8,200

Nonrepayable
Means
tested
Non-means
tested



Sources of Income:
Nonrepayable
Means
tested
Fee waivers and bursaries


Scholarships for academic
excellence


Scholarships for music and
sport


Scholarships for specific
schemes

Type of funding
Repayable

Non-means
tested
University support
Support
Household income
Bursary amount
<£16,000
£2,000 for year 1
£1,500 for subsequent years
£16,001 - £25,000
£1,000 for year 1
£1000 for subsequent years
Access to Exeter bursaries*
Care leavers will receive a full fee waiver for all years of study and support for
additional accommodation costs
*available for 2015/16 entry
Other support
• Disabled Students Allowance (DSA)
• Hardship Funds
• Dependence allowance
• Parental contribution
• Savings
• Part-time employment
• Charities and Trusts
Paying back your loan
• You do not pay until you are earning over £21,000
• If your earnings change, your repayments change
• You start repaying April after graduation
• Interest is variable and is a lot less than normal loans
• After 30 years, the balance of loan will be written off
How do I apply?
• Visit the student finance website (www.gov.uk/studentfinance)
• Complete the online application
• You will need to provide evidence of your household income
• The online process is normally open between:
• December - May
• Make sure you apply by the set deadline
• May 2015 for 2015/16 entry
Finding out more
Search online for…
• University of Exeter
• Student Finance Calculator 2015
• Student Loans Company
• Student Application Demo
• University scholarships
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the question?
Conversation!
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Contact:
Tel: 01392 xxxxxx
@uniofexeter
Xxxxxx
@exeter.ac.uk
facebook.com/exeteruni
www.exeter.ac.uk