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Lucy WrightSchools & Colleges Liaison Officer
Student Finance and Accommodation2011/12 entry
TerminologiesFees - Cost of tuition
Loans - Money available that needs to be paid back after graduation
Grants - Money from the government that is not paid back
Bursaries - Money from individual institutions that is not paid back
Scholarships - Dependant on individual institutions
Means tested - Financially assessed on household income
Fees• All HE Institutions can charge up to £3375
tuition fees• You can apply for a tuition fees loan or pay
directly• Must be repaid
Loan and grant for living costs (England)
Maintenance Grant• ‘Free’ – does not have to be repaid• Up to £2,906• If you’re household income is £25,000 or less
you will receive the full amount• If your household income is between £25,001
and £50,020 you would receive a partial amount
Loans and Grants (England)
Maintenance Loan• Maximum Maintenance Loan available is
£4,950 (£3,838 if you live in the parental home)
• 72% non-means tested• 28% is means-tested• Maintenance Grant reduces the amount of
Maintenance Loan you receive• Maximum amount of Maintenance Loan and
Maintenance Grant you can receive is £6,403
Household Income Maintenance Grant Maintenance Loan Total loan & grant
25,000 2,906 3,497 6,403
30,000 1,906 3,997 5,903
34,000 1,106 4,397 5,503
40,000 711 4,595 5,306
45,000 381 4,760 5,141
50,020 50 4,925 4,975
50,778 0 4,950 4,950
55,000 0 4,106 4,106
57,708 0 3,564 3,564
Loans and grants (England, 2011/12, living outside of London, not in the parental home)
Paying Back Loans• Neither loans needs to be paid back until a
Graduate is earning over £15,000• It is paid back at a rate of 9% of your salary• Example - if you earn £18,000 the rate per week is
£5.19 deduction• Evidence suggests Graduate earn greater wages
and get promoted quicker• If you never earn over £15,000 you don’t have to
pay back your loans
• Bursaries differ from institution to institution
• Leeds Trinity University College provide a bursary of an additional £500 - £1000 which can contribute to your maintenance grant.
Bursaries & Scholarships
A Note on 2012/13• Cost of degree uncapped • Still maintenance grants (for household
income under £60 000) and loans • Pay back when you earn £21 000 at
9% - £25 000 = £7 a week
Examples of living costs at university
What do you spend your money on?
What do you spend your money on?Rent
Food
Bills
Phone
Travel
Text Books
Socialising
How much do you currently spend on
these and how much do you think you will
spend on these whilst at University?
• Overdrafts• Credit Cards (Be wary)• Bank Loans• Student Packages Incentive
• Consider the rates in the long termConsider the rates in the long term
Banks
Budgeting• Part time Job • Tax• Buy only what you need, or as a treat• Buy second hand • Limit travel costs • Food shopping
• Extra money for the start of University• Try and stay away from credit cards, store
cards and extra loans where possible• Try and stick to a budget• Prioritise essential items• Find a part-time job
Top Tips
Halls with almost 580 single rooms
self-catered halls £3,120 pa
standard, catered £3,908 pa
en-suite, catered £4,500 pa
Trinity Close, & All Saints £4,095 pa
Inclusive of meal allowance
(£30/week) & bills
ID/Access control card
or pin number for security
Hall Warden in each hall
Rooms cleaned weekly, shared facilities daily
Accommodation forms sent to applicants who have selected Leeds Trinity as 1st (or FIRM) choice in May
Accommodation filled on first come first served
basis – read the information carefully when it arrives and send it back to us.
Any queries, contact the Accommodation office.
Many student areas within 15-20 min bus ride from Campus:HeadingleyHyde ParkBurley
Shared houses £60 – 70 /week + bills!Support - SU Accommodation Rep, notice boardsUnipol
Accommodation
www.studentfinanceengland.co.uk
www.dfs.gov.uk/studentsupport
www.studentfinance.direct.gov/uk
http://practitioners.studentfinanceengland.co.uk
www.leedstrinity.ac.uk/services
Useful websites
