University Finance 2015
Amanda Hall
Overview
Tuition FeesStudent Loans:
Tuition Fee LoanLiving Cost Loan
Government Maintenance GrantBrunel Financial Support
Tuition Fees 2015Fees can be set between £6,000 and £9,000 per yearBrunel will charge £9,000 for all UG full-time courses£1,000 for placement year of sandwich course£6,000 (£3,000 fee waiver) for Yr 4 of MEng and MMath coursesNo upfront fee to pay
Student Loans 2015Tuition Fee Loan
To cover the cost of your feesPaid directly to the University
Living Cost LoanTo cover your day to day living costsThe amount you get is means tested on your parents/household incomePaid in three instalments in September, January and April into your bank account
All eligible students can apply for a loan
The amount you receive is means tested on your parents/household income
Max annual loan Min annual loan
In London (Brunel) £8,009 £5,205Outside of London £5,740 £3,731Living at home £4,565 £2,967
Living Cost Loan 2015
How do I repay my Student Loans?Through the tax system from April following GraduationOnly start repaying once you earn over £21,000 (take 9% of earnings above this)
£25,000 salary repay £30 per month£35,000 salary repay £105 per month
Loan interest rates:Whilst studying: RPI + 3%Less than £21,000: RPI£21,000 - £41,000: RPI + up to 3%Over £41,000: RPI + 3%
The Government will write off any Student Loans that are left unpaid after 30 years
Maintenance Grant 2015Helps with living costs such as food, accommodation and travelNon-repayableFull grant of £3,387 per year if household income is up to £25,000Partial grant of between £50 and £3,387 per year if household income is between £25,001 and £42,620
Living Cost Support 2015Studying in London (Brunel)Gross
Household Income (£)
Non-Repayable Grant (£)
Living Cost Loan (£) Total Annual Grant and Loan Income (£)
25,000 3,387 6,316 9,70330,000 2,441 6,789 9,23035,000 1,494 7,262 8,75640,000 547 7,736 8,28342,620 50 7,984 8,03442,875 0 8,009 8,00945,000 0 7,788 7,78850,000 0 7,267 7,26755,000 0 6,745 6,74560,000 0 6,224 6,22465,000 0 5,702 5,70269,766 0 5,205(+) 5,20570,000 0 5,205 5,205
Additional SupportDisabled StudentsIf you have a disability, long-term health condition, mental health condition or specific learning difficulty (e.g. dyslexia) you can apply for:• Disabled Students’ Allowance• Access to Learning Fund• You may also qualify for disability related benefits
Students with Children or Dependent AdultsYou can apply for:• Childcare Grant - full-time students only• Parents’ Learning Allowance - full-time students only• Adult Dependants’ Grant - full-time students only• Access to Learning Fund• Child Tax Credit
Brunel Financial Support 2015Over 300 scholarships are available in 2015 for full time students
A range of support is available including:Academic Excellence ScholarshipsBrunel BursaryScholarships for Local StudentsAlumni Scholarship
Other Scholarships and Awards include: Placement ScholarshipCare Leaver BursarySport & Music AwardsUrban ScholarshipsMaths & Engineering Scholarships
Brunel Financial Support 2015
Academic Excellence ScholarshipsUp to 30 students£6,000 cash or fee waiver per year3 A-levels grades AAA or above IB 35 points or above BTEC Extended Diploma D*D*D*Make Brunel University ‘Firm’ choice through UCASComplete scholarship application by 31 January 2015 including a personal statement
Brunel Financial Support 2015
Brunel Bursary Up to 300 students£3,000 cash over Year 1, 2 and 3Make Brunel University ‘Firm’ choice through UCASNo application requiredHousehold income up to £25,000 and under-represented groups in Higher Education
Brunel Financial Support 2015Scholarships for Local Students
Up to 30 students£6,000 cash or fee waiver per year3 A-levels grades AAA or above IB 35 points or above BTEC Extended Diploma D*D*D*Attend a school/college in local six West London boroughs (Brent, Ealing, Hammersmith & Fulham, Harrow, Hillingdon, Hounslow)Make Brunel University ‘Firm’ choice through UCASNo application requiredUnder-represented groups in Higher Education
Top 5 successful candidates for this scholarship will receive £6,000 cash per year from donations by Brunel University Alumni
ApplyingFor Government Loans and Grants www.gov.uk/studentfinance from early 2015For Brunel support www.brunel.ac.uk/ugfunding Deadlines:
May 2015 for Government supportCheck each Brunel Scholarship for details.
Take extra money for the start of termOpen a student bank account before you arrive
BudgetingPart-Time Work
Sandwich Courses
University Scholarship
Living Cost Loan and Grant
Personal Savings and Parental Contribution
Student Bank Account
Monthly Student ExpenditureLondon Area
AccommodationOn campus £400 - £520Off campus £350 - £450
Bills £25Mobile Phone £40Food £150Travel £30Books/Equipment £15Clothes £50Hobbies £10Socialising £100TOTAL: £850 - £900
Why Brunel?
www.brunel.ac.uk/ugfunding01895 267267
Campus Based: everything in one place
First-rate teaching
Best UK Careers and Placements Service
All round student satisfaction
Social Work BursariesUndergraduate Social Work students may be eligible for a bursary in years 2 & 3:
Help with living costs and tuition feesDoesn’t have to be paid backNon-means tested against your household incomePaid in 3 instalments
The amount you get depends on:Where you studyWhether you study full or part-timeThe cost of your tuition
NHS Funding
Full-time NHS students can apply for:
Bursary from NHS (to cover the cost of tuition fees)Grant from NHSMaintenance Loan from Student Finance England
www.gov.uk/nhs-bursaries
NHS FundingNHS bursary depends on:
Where you live
Your course: NHS funded place on a full time course which leads to professional registration (i.e. Occupational Therapy and Physiotherapy)
Your household income
Previous funding
The Grant and the Maintenance Loan are not dependent on your household income but the bursary is.
Maintenance Loan depends on:
Where you live
Whether you’re in the final year of your course (when you get less)
Length of course