Fees & Funding 2016 entry

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

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.

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

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

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

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

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

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

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)

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

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

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

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

Student Funding Advice Team

01904 876536

fundingadvice@yorksj.ac.uk

Useful websites:• www.yorksj.ac.uk

• www.gov.uk/studentfinance

• www.nhsbsa.nhs.uk

• www.studentloanrepayment.co.uk

• www.studentfinanceengland.co.uk