York St John University | www.yorksj.ac.uk
Key Facts
• You do not pay tuition fees up front
• You need to be earning at least £21,000 a year before you start
paying back
• Repayments are from as little as £4.00 a month
• Graduate employment rates remain high (91.7% within six months
of graduation)
• Government figures are subject to parliamentary approval
(4th November 2013)
York St John University | www.yorksj.ac.uk
Key words
Fees – Amount charged to study on the course. Generally apply to all
undergraduate degrees with some exceptions for health courses. Paid per
year of study
Loans – Taken out to cover tuition fees and living costs. Need to be paid back
gradually once earning a certain amount
Grants – Money from the government which doesn’t have to be paid back.
Amount received generally dependent upon income
Living costs – Food, accommodation, bills, course costs etc.
Interest – The fee charged to you for the use of borrowed money
Residual household income? This is effectively the household income
BEFORE tax and AFTER any pension contributions or allowances for
dependant children.
York St John University | www.yorksj.ac.uk
How much will it cost to
go to university?
• Annual Tuition Fees for 2014 - £9,000 (including PGCE)
• Accommodation – approx. £4,000-£7,000
Pay termly, in advance, by cheque or direct debit
• Living Expenses – approx. £4,000 (but varies!)
Food , books, course costs, clothes, laundry, entertainment, travel
home
York St John University | www.yorksj.ac.uk
Financial help is available
Tuition Fees
•Do not have to pay up front or whilst studying
•Tuition Fee Loan available from the Student Loans Company
•Loan also available for eligible part-time, first-degree students who
complete minimum of 25% of full time course load p/a (including parttime PGCE)
•Some exemptions to fees– NHS courses e.g. Physiotherapy and
Occupational Therapy
York St John University | www.yorksj.ac.uk
Financial help available
from York St John
Fee Waivers and Scholarships
In 2014/15 YSJ will offer three different types of fee waivers to students who meet
the required criterion.
YSJ Fee Waiver - unlimited number of the fee waivers to all undergraduate
students whose residual family income falls within the thresholds below and are
paying £9,000. Eligibility will be reviewed annually.
Residual annual family income
Below £10,000
Fee Waiver per annum for
2014/2015 onwards
£3,000
£10,000 - £19,999
£2,000
£20,000 - £42,620
£1,000
York St John University | www.yorksj.ac.uk
Financial help available
from York St John
• National Scholarship Programme (NSP) Fee Waiver - English students
paying fees of £9,000 with residual household income below £25,000 may also
be eligible for one of the 302 (provisional amount) NSP Fee Waivers. These
provide a £3,000 fee waiver for one year of study, to first year undergraduate
students based on a range of background criteria.
• YSJ Entry Scholarships- 150 students will receive a fee waiver of £2,000 and
a bursary of £1,000 for the first year of their course in recognition of outstanding
academic achievement. The scholarship is only available to home students
studying a first degree which is HEFCE funded (excludes NHS) and who gained
ABB+ or equivalent on entry to York St John University.
• SPARK Scholarships
York St John University | www.yorksj.ac.uk
Financial help is available
Living Cost Loan
• Available for all eligible full-time students (including full time PGCE)
• Not available for part-time students (including part-time PGCE)
• All students are eligible for 65% of the loan, further 35% is meanstested on residual household income
• In 2013/14 the maximum annual loan available if you live with your
parents will be £4,418, if you live away from home £5,555
York St John University | www.yorksj.ac.uk
Financial help is available
Living Cost Grant for full-time students:
• The amount of the grant is dependant on residual household
income
• Available for eligible full-time students (including full time PGCE)
• Not available for part-time students (including part-time PGCE)
• This help does not have to be repaid
• Maximum grant available of £3,387 if your residual household
income below £25,000
• Partial grant if residual household income is up to £42,620
Apply for all funding via www.gov.uk/studentfinance
York St John University | www.yorksj.ac.uk
NHS Funding
Tuition Fees for NHS Courses
Students on NHS funded courses do not pay tuition fees. The NHS
meet the full cost of tuition fees.
NHS Grant
• Available for all eligible full-time NHS students
• Non means-tested
• Maximum amount available £1,000
• Once you have a place on an NHS funded course you will receive
a text/email from the NHS in the summertime on how to apply
online
NHS Bursary
•
Available for eligible full-time NHS students
•
Non-repayable
•
Maximum amount available £5,460
•
The amount of bursary you can get depends on:
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NHS Funding
Where you live
Where you study
Whether you live with your parents
The number of weeks you study each year
Household income
•
Paid over 12 months
•
Once you have a place on an NHS funded course you will need to register for
an account and then make your application via the website below:
https://myaccount.nhsbsa.nhs.uk/Pages/Login.aspx
For more information- www.nhsbsa.nhs.uk
NHS Funding
Extra Allowances
Extra weeks Allowance
Dependants Allowance
Parents Learning Allowance
Childcare Allowance
Practice Placement Allowance
Disabled Students Allowance
On-line calculator-www.nhsbsa.nhs.uk
Financial help is available
Living Cost Loan
• Available for all eligible full-time NHS students
• In 2013/14 the maximum annual loan available £2,324 (final year
loan rate £1,811)
• Apply on a online application via www.gov.uk/studentfinance
• Paid in three instalments at the beginning of each term
York St John University | www.yorksj.ac.uk
Repayment of loans
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Repayment starts once you leave university and are earning over
£21,000 per annum
Repayments are 9% of income above £21,000
Written off after 30 years
Interest
During study until
entering repayment
Income:
Below £21,000
Interest rate is:
Retail Price Index (RPI) +3%
Interest rate is:
RPI Only
Income Between:
£21,000 - £41,000
RPI plus some amount
between 0% and 3%
Income:
Above £41,000
Interest rate is:
Retail Price Index (RPI) +3%
York St John University | www.yorksj.ac.uk
York St John University | www.yorksj.ac.uk
Accommodation
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Will be your biggest spend
Be realistic
Do you NEED an en-suite
Think before you buy non-essentials to fill your
room!
What is included?
TV licence?
Sharing your flat / sharing the cost
Visit the accommodation
Check contracts from private landlords
York St John University | www.yorksj.ac.uk
Your money
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Open a student bank account
What freebies do you get?
Check for charges
Overdraft
o Amount the bank will let you spend without incurring a penalty over and
above what you have in your account. May be £500- £2000 per year
Interest
o If you spend more money than is in your account you’ll be charged
interest by the bank for going overdrawn
Only buy with cash
Store Cards/Credit Cards – NO
o Keep away if possible
o Check the interest rate
o Keep up with repayments
York St John University | www.yorksj.ac.uk
University
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Return library books on time
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Be careful of what you print
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Bought second hand books or shared
o Amazon marketplace, Oxfam
•
Buy a bike – cars are bad for your pocket and the
environment
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Equipment costs /extra course costs
Students Union
•
Limit nights out - alternate with a night in
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Be creative – host x-factor nights, Karaoke to save
money
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Watch out for discounts
o
NUS Card
o
Promotions
•
Fresher's Fair
•
Societies and Clubs cost money
•
Buy your fancy dress now
York St John University | www.yorksj.ac.uk
Top Tips
What if it doesn’t add up?
•Spend time making a budget planner – be realistic
•Part-time jobs
o
transfer employment
o
jobs at the university
•Work and save now
•Speak up!
York St John University | www.yorksj.ac.uk
Contacts
Student Funding Advice Team
01904 876939
fundingadvice@yorksj.ac.uk
Useful websites
•
www.yorksj.ac.uk
•
www.gov.uk/studentfinance
•
www.nhsbsa.nhs.uk
•
www.studentloanrepayment.co.uk
•
www.studentfinanceengland.co.uk
York St John University | www.yorksj.ac.uk