Upload
mercedes-nass
View
219
Download
2
Tags:
Embed Size (px)
Citation preview
Student Finance2012/2013
• Full Time Higher Education
- Eligibility Criteria
- Financial Support Available
- Exceptions
• Part Time Higher Education
• How to apply
• What happens next?
• Repayments
• Further Education Awards
Contents
Eligibility Criteria
There are three main conditions you must meet:
•Be personally eligible – have lived in the UK and Islands for at least 3 years before the start of your course and living in Northern Ireland on the first day of the academic year in which your course begins•Must attend an approved college – a University or College in the UK or ROI that is maintained out of public funds, CAFRE, certain private colleges
•Must attend an approved course – degree, HNC, HND, Dip HE, Foundation degree
Tuition fee loan
• All eligible students can take out a loan for the amount charged by the institution (NI institutions £3465 per year, remainder of the UK max £9000 per year)
• Amount charged depends on your country of residence, not on a passport
• Fees paid direct to your institution by SLC• No income assessment involved• Pay back only when you are earning more than
£15,795 per year
Financial support available
Maintenance Loan
• Max £6,780 if living away from parents’ home and studying in London
• Max £4,840 if living away from parents’ home and studying outside London
• Max £3,750 if living at home• Maintenance loan is means-tested
The loan is reduced if you receive a Maintenance Grant or
Special Support Grant
Financial support available
Maintenance Grant/Special Support Grant
• Non-repayable grant for students from low income households (< £41,065)
• Full grant where household income < £19,203• Worth up to £3,475 a year – depending on household
income• SSG is available to students who are eligible for
income support or housing benefit (benefits not reduced)
• Not available for students studying in ROI
Financial support available
Studying in the ROI
• No Tuition Fees. Flat rate charge of €2250 paid to institution for you by local SFni office.
• If required to pay €2250 on enrolment day, ensure PN1 application is returned to local SFni office to enable this fee to be refunded by your institution.
• Eligible for a means tested bursary of up to £2000 where income < £23,605 and maintenance loan.
• Transfer or repeat students will be charged full tuition fees (not payable by SFni)
Financial support available
Extra Help with Living Expenses
• Parents’ Learning Allowance• Childcare Grant• Adult Dependants’ Grant
See Application form or contact Student Finance for further details
Financial support available
Disabled Students’ Allowance
A range of help available which is not means tested on
household income
• Specialist equipment allowance of up to £5,266 for the whole course
• Non-medical helpers’ allowance of up to £20,938 per year
• General allowance of up to £1,759 per year• Extra travel costs as a result of the disability
Contact the Disability Adviser at your institution for an assessment of what support you will require.
Financial support available
Help from your Institution
Access Bursary – NI institutions•Extra (non-repayable) grant for students who are in receipt of full (or in some cases partial) Maintenance Grant or Special Support Grant•No separate application involved – eligibility determined through your Student Finance application•Each institution offers different amounts of support
Similar support throughout the UK – contact institution for details.
Financial support available
Student Finance NI assesses household income based on:
Your gross taxable income (excluding any earnings during institution term-time and holidays);
PLUS Gross taxable income of parent(s) / partners / step-parents;
LESS Deductions for payments into pension funds and £1,153 for each other dependent child in the household
This does not apply to Independent students
Assessment process
Living cost support 2012/13
IncomeIncomeMaintenanceMaintenance
Grant Grant Lodging Rate Lodging Rate
of Loanof LoanMaint Grant Maint Grant Plus LoanPlus Loan
£19,203£19,203 £3,475£3,475 £2,953£2,953 £6,428£6,428
£25,000£25,000 £2,201£2,201 £3,289£3,289 £5,490£5,490
£35,000£35,000 £689£689 £4,151£4,151 £4,840£4,840
£41,065£41,065 £50£50 £4,790£4,790 £4,840£4,840
£53,035£53,035 £0£0 £3,630£3,630 £3,630£3,630
• Health Professional degrees in NI – income assessed bursary of £2355 (2011/12 rate), reduced loan of £2370 and Tuition fees paid in full
• Health Professional degrees elsewhere in UK – reduced loan and NHS bursary
• Nursing degrees / diplomas in NI, Scotland and Wales – not eligible for any funding from SFni
• Nursing degrees in England – reduced loan and NHS bursary. Diplomas in England – no support
• Social Work degrees in NI – additional funding from DHSSPS of non-means tested grant and contribution towards work based learning expenses
Exceptions
HE part time courses must be at least one year’s duration
and at least 50% of a full time course.
Support for eligible students will consist of:• A means tested Tuition fee grant of up to £1,230• A means tested grant of up to £265 • Disabled Students’ Allowance
Part-time HE Courses
• Paper application forms available from school or your local Student Finance NI office or download an application form at www.studentfinanceni.co.ukwww.studentfinanceni.co.uk
• Complete form fully and return to your local Student Finance NI office
• Pay correct postage (1st class not sufficient)• Apply as soon as possible and check your application
online• EU Students should apply to the EU Team in Darlington
How to apply
Information required
You must provide the following information with your application form –• Original UK Birth certificate or valid Passport. A Birth certificate must be accompanied by an identity confirmation form• National Insurance Number• Your bank account details• Details of your income and that of your household
How to apply
Application acknowledged and you receive Customer Reference Number
(EMA students retain same number) ↓SFni determines whether you are eligible for support and amount
due ↓SLC sends notification of how much support you will receive and
when ↓Take your notification to University at enrolment stage ↓Your University confirms enrolment ↓SLC pays your support each term by BACS
What happens next?
Tell SFni of any change in your circumstances as this may affect
your entitlement e.g.
• Name / marital status• Address (home / lodging)• Transfer / Suspension / Withdrawal from course / college.• Absence• Drop in parents’ income
What you must do
• If you withdraw from your course during the year you may not be eligible for a Tuition fee loan, but some institutions may still charge you fees which you will have to pay
• If you are on a placement / abroad as part of your course you may not receive any support other than a reduced loan (check first with SFni)
• If you follow an HND/Dip HE course and move on to year 1 of a degree course you will not receive a Tuition fee loan or a maintenance grant for year 1 of the degree
• If you change course/repeat a year more than once you may have to self-fund part of your course.
• If you receive a grant and your entitlement is reassessed to a smaller grant/no grant at all – the SLC will demand repayment from you immediately
• You must reapply each year to get support
Things you need to know
• You only repay Student Loans (Fees and maintenance) once you have left your course and are earning over £15,795 a year.
• Repayments are based on what is earned, e.g. earnings at £25,000 pay back £69 a month
• Current interest rate is 1.5%
• You do not repay any grants received unless you withdraw from your course or a re-assessment is required
Repayments
How to contact us
By telephone on: 0845 6000 662
By post or personal visit:Student Finance NI3 Charlemont PlaceThe MallArmagh, BT61 9AX
Visit our web site at:www.studentfinanceni.co.uk
• For certain lower level courses• Payment of approved Tuition fees• A grant (maximum £2092)Closing Dates: • Full time - 31 August 2012• Part time - 28 September 2012 • Guaranteed funding where fully completed applications
are received by 30 June.
Apply to: Student Finance NI Further Education Awards Section 1 Hospital Road Omagh Telephone: 028 8225 4546
Email: [email protected]
Further Education Awards
Student Finance NI has endeavoured to detail every aspect of the application process and possible funding available to students entering Further/ Higher Education.
If you have any questions that are not covered in this presentation please read the ‘Guide to Financial support booklet’, check out the web-site or contact the CustomerServices Office on 0845 6000 662 for further assistance.
Further Guidance