University Finance

The essentials you need to know!

The main support available

• Tuition Fees • Student Loans

– Fee Loan– Maintenance Loan

• Maintenance Grant• University Bursaries• University Scholarships

Tuition Fees 2011/12• Variable fees from £0 to £3,375

per year• Most Universities are charging the

full fee of £3,375. • No upfront fee to pay• Fees can be paid by a Fee Loan

that is repaid after graduation

Student Loans 2011/12• Fee Loan

– To cover the cost of your fees– Paid directly to your University

• Maintenance Loan– To cover your day to day living costs– The amount you get is means tested on

your parents/household income– Paid in three instalments in September,

January and April into your bank account

All eligible students can apply for a Maintenance LoanThe amount you receive is means tested on your parents/household income

Max annual loan* Min annual loanIn London £6,928 £4,988Outside of London

£4,950 £3,564

Living at home £3,838 £2,763

Maintenance Loan 2011/12

*Maintenance Loan will be reduced by 50p for every £1 of Maintenance Grant received (up to a max £1,453)making the maximum loan for some students £5,475

How do I repay my Loans?• Through the tax system once you

have graduated• Only start paying once you earn

over £15,000. As an example if you earn:– £17,000 repay £15 per month– £22,000 repay £52 per month

• The Government will write off any Student Loans that are left unpaid after 25 years

Maintenance Grant 2011/12

• Maintenance Grant– Non repayable– Up to £2,906 per year for students

from low income families to help with the cost of studying

Help from Brunel• Bursaries 2011/12

– Full Maintenance Grant will receive a Brunel Bursary of £1,000 per year

– Partial Maintenance Grant will receive a Brunel Bursary of £500 per year

• Scholarships 2011/12– Up to 5 Brunel Alumni Scholarships of £6,000 per

year for students who attend a partnership school/college

– Up to 25 Regional Partnership Scholarships of up to £3,000 per year for students who attend a partnership school/college.

– Music– Sport– Maths Scholarships

Financial help income levels 2011/2012

Student studying in LondonGross Income (£)

Maintenance Grant (£)

Maintenance Loan (£)

Brunel Bursary (£)

Total annual Grant, Loan and Bursary (£)

25,000or less

2,906 5,475 1,000 9,381

35,000 1,040 6,408 500 7,94850,020 50 6,903 0 6,95360,478 plus

0 4,988 0 4,988

Applying• For Government Loans and Grants apply

online www.direct.gov.uk/studentfinance from 16th March 2011.

• Deadline for applying: 31st May 2011 • At Brunel, Bursaries are confirmed when we

have your Maintenance Grant details• At Brunel, Scholarships will be confirmed

when you have your results• Take extra money for the start of term• Open a student bank account before you

arrive

Surviving Financially at University

Maintenance Loan and

GrantUniversity Bursaryand Scholarship

Personal Savings and Parental Contribution

Part-time Work Sandwich Courses

Student Bank Account

Monthly Student ExpenditureLondon Area• Accommodation

– On campus £300 - £400– Off campus £275 - £400

• Bills £15• Mobile Phone £40• Food £120• Travel £30• Books/Equipment £10• Clothes £50• Hobbies £10• Socialising £100TOTAL: £725

Thank you for your timeFunding EnquiriesTel: 01895 267267

www.brunel.ac.uk/courses/undergraduate-study/fees

http://www.brunel.ac.uk/brunelpod

Any questions?