Finance Information for
2014/15 Entry
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%
within six months of graduation)
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
Key Words
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.
How much will it
cost?
 Annual Tuition Fees for 2014-15
York St John University tuition fees are £9,000
 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
Tuition Fees
Financial help is
available
 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, firstdegree students who complete minimum of 25% of
full time course load
 Some exemptions to fees– NHS courses e.g.
Physiotherapy and Occupational Therapy
Fee Waivers and Scholarships
Financial help
available from York
St John
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 2014/15 onwards
£3,000
£10,000 - £19,999
£2,000
£20,000 - £42,620
£1,000
•
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 NSP Fee
Waivers. This fee waiver is limited in number, for one year of
study only, 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.
Financial help
available from York
St John
NB: These fee waivers and scholarship are 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
Living Cost Loan
Financial help is
available

Available for all eligible full-time students

All students are eligible for 65% of the loan, further
35% is means-tested on residual household income

In 2014/15 the maximum annual loan available if
you live with your parents will be £4,418, if you live
away from home £5,555

Paid in three instalments at the beginning of each
term
Living Cost Grant for full-time students:
Financial help is
available

The amount of the grant is dependant on residual
household income

Available for eligible full-time students

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
Tuition Fees for NHS Courses
NHS Funding

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
NHS Bursary
Available for eligible full-time NHS students
Non-repayable
NHS Funding
Maximum amount available £5,460
The amount of bursary you can get depends on:
 Where you live
 Where you study
 Whether you live with your parents
 The number of weeks you study each year
NHS Funding
 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
Living Cost Loan
Financial help is
available
 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
Extra help if you're leaving local authority care
Care Leavers
• Extra funding from your Local Authority, please
visit www.gov.uk for more information.
Care Leaver and Foyer Allowance
• Available to students who have been in care or a
Foyer Foundation for at least 3 months within
3 previous years before study.
• The awards will be granted on an individual
basis.
Salary
Amount of salary
from which 9%
will be deducted
Monthly
repayment
£21,500
£500
£4.00
£25,000
£4,000
£30.00
£30,000
£9,000
£67.50
£35,000
£14,000
£105.00
£40,000
£19,000
£142.50
£45,000
£24,000
£180.00
£50,000
£29,000
£217.50
£55,000
£34,000
£255.00
£60,000
£39,000
£292.50
Repayment of
loans
Interest Rates
During study until
entering repayment
Income:
Below £21,000
Income Between:
£21,000 - £41,000
Income:
Above £41,000
Retail Price Index (RPI)
+3%
RPI Only
RPI plus some amount
between 0% and 3%
Retail Price Index (RPI)
+3%
• Will undoubtedly be your biggest spend
Accommodation
• Be realistic
• Do you NEED an en-suite?
•What is included?
• Remember your TV licence!
• Sharing your flat = sharing the cost
• Visit the accommodation
• Check contracts from private landlords
•Parking – additional permit charge?
Shopping
• Don't be a supermarket snob!
• Do not use local convenience stores / corners shops
very often
• Be sensible when it comes to special offers
• Don’t go shopping after a big night out or when you
are hungry!
• Sign up for a loyalty / reward card
• Visit local produce markets – fresh and cheap! And
you may be able to haggle!
• Visit supermarkets about an hour before they close
• Get a bag for life!
• Plan ahead what you need for the week
Entertainment
• Look for midweek student deals
• NUS discounts / student concessions
• Galleries / museums and other attractions free
entry
• Group on / voucher code deals
• Limit your socialising spends
• Use your Students’ Union for cheap drinks, food
and other activities during term time
• Join a club or society!
• Fresher's wristbands or entertainments
packages available from most universities
• Fresher’s Fairs = lots of freebies and vouchers
Travel
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Do you really need to bring a car to University?
If it is off-road for most of the year – SORN it!
Don’t use taxi’s unnecessarily
Use public transport
Student Rail cards = 1/3 off all fares!
Buy weekly / monthly bus passes
Use park and ride services
Buy a bicycle!
University
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Return your library books on time
Don’t eat in the canteen / dining hall everyday
Be careful of what you print
Buy second hand books from amazon where possible
Check out noticeboards / forums for graduates selling
off items especially books and other useful resources
• Look out for part time job opportunities around campus
that fit well around your studies
• Keep an eye out for events and opportunities within the
university that could be a cheap way to socialise or
could lead to employment
The Only Official Student Discount Card
Be part of the
National Union of
Students…..
•
£12 for 12 months (Or FREE if your in
University Halls)
•
Order online or from in the SU
•
Can purchase anytime of the year
•
Discounts and benefits in 160 high street stores
and online, including Jack Wills, Amazon,
Topshop, McDonalds & many more!
There are many points of contact throughout the
university if you are having money worries, but start with
the student funding, advice and welfare team!
Don’t struggle
alone… speak up!
Many universities have hardship funds available in
extreme circumstances.
Visit the money saving expert website for specific advice
and tips for students, including:
• Council tax discounts
• Student bank accounts
• Overpayment of tax
• TV licence refunds
• Student insurance
http://www.moneysavingexpert.com/students/student-guide
• Spend time making a budget planner.
Top Tips
• Accommodation will be your biggest spend. So
be realistic. Do you NEED an en-suite?
• Open a Student Bank Account. Check for
charges. Many Banks offer an Interest Free
Overdraft
• Watch out for discounts. Use your NUS Card
• Part-Time Jobs:
o Transfer Employment
o Access the Careers and Employability Team
• Work and Save Now
Student Funding Advice Team
01904 876939
Contacts
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
Have a great day!