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Division of Marketing and Communications. Student Finance 2010-11 Monica Kulkarni Senior Student Recruitment Officer. www.le.ac.uk. Funding - Maintenance Loan - Maintenance Grant - Bursaries - Scholarships - Case studies - How to apply Budgeting. Funding. - PowerPoint PPT Presentation
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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!