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Fees & Funding 2016 entry
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Student Funding Advice Team
Here to help with:
• Identify and apply for financial help
• Help you prepare your finances
• Provide budgeting and money
management advice
• Blackbullion –money education
• Run campaigns to help students be
more money savvy
• Support and guide you throughout
your studies
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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
• Government figures are yet to be released for 2016-17
Residual household income?
This is effectively the household income
BEFORE tax and AFTER any pension
contributions or allowances for
dependant children.
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How much will it cost?
Annual Tuition Fees for 2016-17
YSJ University tuition fees are £9,000
Accommodation - £4,000-£7,300 Pay termly, in advance, by cheque or direct debit
Living Expenses - approx. £4,000Food, books, course costs, clothes, laundry, entertainment, travel home
www.yorksj.ac.uk
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Tuition fees
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, first-degree students who complete minimum of 25% of full time course load
Some exemptions to fees– NHS courses e.g. Physiotherapy and Occupational Therapy
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Government Funding –changes
For more information on the changes to student funding for academic year 2016-17 entry students, please visit the www.gov.uk for the Summer Budget 2015 policy paper.
Apply via www.gov.uk/studentfinance
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York St John Bursary
Paid by YSJ to UK/EU students starting in September 2016, enrolled on a programme charging the maximum fee of £9,000.
• Non-repayable
• Don’t have to apply as it is an automated assessment
• Paid in 2 instalments
Residual family income
YSJ Bursary 2016-17
<£25,000 £500
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Extra help if you're leaving local authority care
Extra funding from your Local Authority, please visit www.gov.uk for more information.
Care Leaver & 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
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NHS funding Facts & figures on 2015-16
Tuition fee for NHS courses• The NHS meet the full cost of tuition
fees
NHS Grant • Non means-tested• £1,000• Non-repayable
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NHS Bursary
• Means-tested
• Non-repayable
The amount of bursary you can get depends on:
Where you study
Whether you live with your parents
The number of weeks you study each year
• Paid over 12 months
Once you have a place on an NHS funded course, you can apply via…
Bursary Online Support System (BOSS)
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Living Cost (Maintenance) Loan
Available for all eligible full-time NHS students
Not dependant on residual household income
In 2015-16 the maximum annual loan available £2,324 (final year loan rate £1,811)
Paid in three instalments at the beginning of each term
Repayable
Apply via www.gov.uk/studentfinance
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During study until
entering repaymentRetail Price Index (RPI)
+3%
Income:
Below £21,000RPI Only
Income Between:
£21,000 - £41,000RPI plus some amount
between 0% and 3%
Income:
Above £41,000Retail Price Index (RPI)
+3%
Interest rates
www.studentloanrepayments.co.uk
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Salary Amount of salary from which 9% will
be deducted
Monthly repayment
< £21,000 £0 £0
£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
www.studentloanrepayments.co.uk
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What you can do to prepare for university… • Use the online calculators for funding • Look at accommodation costs • Plan a budget • Work and save • Student bank account (interest free
overdraft)• Essential books (Library/share/second-hand/online stores) • Review mobile phone contract • How much will it cost to travel home?
Use the following websites with help for budgeting
o yorksj.ac.uko Moneyadviceservice.org.uk o Moneysavingexpert.com
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Student Funding Advice Team
01904 876536
Useful websites:• www.yorksj.ac.uk
• www.gov.uk/studentfinance
• www.nhsbsa.nhs.uk
• www.studentloanrepayment.co.uk
• www.studentfinanceengland.co.uk