Money to Study

A guide to funding your studies

Student Money Service

©University of Glamorgan

This presentation is applicable to:

Full time undergraduate students who:

• Are domiciled in Wales or England, and

• Are eligible for UK student support, and

• Are starting their studies in February 2013

• Have not studied previously at HE level

2012 Tuition Fees

University of Glamorgan

• Degree - £9,000* per yr

• Foundation Degree/HND - £7,500* per yr

*Expect an annual inflationary increase

Support for Tuition Fees

Students do not have to pay fees ‘up front’

Welsh students:

Tuition Fee Loan (£3,465)

Tuition Fee Grant (fees above £3,465)

English students:

Tuition Fee Loan (up to £9,000)

Previous study can affect eligibility to fee grant and loan.

Support for living costsGrants & Loans for Welsh students living Elsewhere in 2012/13

Household Income

Assembly Learning Grant

Less than £18,370 £5,000

£20,000 £4,568

£25,000 £3,242

£30,000 £2,033

£34,000 £1,106

£40,000 £711

£45,000 £381

£50,020 £50

Over £56,708 £0

Maintenance Loan Living Elsewhere -

£4,745

£1,901

£2,005

£2,800

£3,526

£4,082

£4,319

£4,517

£4,715

£3,559

Total Support for Living Costs

£6,901

£6,573

£6,042

£5,559

£5,188

£5,030

£4,898

£4,765

£3,559

Support for living costsGrants & Loans for Welsh students living in Parental Home in 2012/13

Household Income

Assembly Learning

Grant

Less than 18,370 £5,000

£20,000 £4,568

£25,000 £3,242

£30,000 £2,033

£34,000 £1,106

£40,000 £711

£45,000 £381

£50,020 £50

Over £56,708 £0

Maintenance Loan Living in the Parental

Home - £3,673

£829

£933

£1,728

£2,454

£3,010

£3,247

£3,445

£3,643

£2,755

Total Support for Living Costs

£5,829

£5,501

£4,970

£4,487

£4,116

£3,958

£3,826

£3,693

£2,755

Support for living costsGrants & Loans for English students living Elsewhere in 2012/13

Household Income

Maintenance Grant

£25,000 or less £3,250

£30,000 £2,341

£35,000 £1,432

£40,000 £523

£45,000 £0

£50,000 £0

£55,000 £0

£60,000 £0

Over £62,125 £0

Maintenance Loan Living Elsewhere -

£5,500

£3,875

£4,330

£4,784

£5,239

£5,288

£4,788

£4,288

£3,788

£3,575

Total Support for Living Costs

£7,125

£6,671

£6,216

£5,762

£5,288

£4,788

£4,288

£3,788

£3,575

Other Financial Support

• Special Support Grant.

• Parents Learning Allowance - £1,508.

• Childcare Grant – 85% of costs up to a maximum of

£161.50 per week for 1 child

£274.55 per week for 2 or more children

• Adults Dependants Grant - £2,647.

• Disabled Students Allowance.

* Welsh rates are specified above.

Student Loan Repayment• Income contingent.• Threshold is £21,000 per year (if working in UK).• Interest set at rate of inflation + 3% whilst studying. After study

interest depends on level of salary. • Repayments are 9% of earnings over the threshold. • Collected through the tax system and calculated monthly.• Outstanding balance written off after 30 years.

Annual Income

Less than

£21,000

£25,000 £30,000 £35,000 £40,000

Monthly repayments

Nil £30 £67.50 £105 £142.50

Support from the University of Glamorgan

Further scholarships and bursaries are

available including:

• Sports scholarships

• Welsh Medium scholarships

• Glamorgan Fast Track Undergraduate Bursary

www.glam.ac.uk/money

Glamorgan Fast Track Undergraduate Bursary

• £1,500 towards the cost of your accommodation in your first year

• Must not be in receipt of the Welsh Government tuition fee grant

• Must reside at least 45 miles from the Treforest campus

• Must enrol on one of the 13 nominated courses

Glamorgan Fast Track Undergraduate Bursary

• Apply for the Bursary by 4pm Friday 11th January 2013 for BSc Aircraft Maintenance

• Apply for the Bursary by 4pm Friday 1st February 2013 for all other courses

How to apply

• Welsh applicants apply via Student Finance Wales: www.studentfinancewales.co.uk

• English applicants apply via Student Finance England: www.studentfinancedirect.co.uk

• Glamorgan Fast Track Undergraduate Bursary

Apply online at www.money.glam.ac.uk

Other costs to consider

• Accommodation

• Bills

• Any additional course costs

• Food

• Social

• Travel

Useful contacts

Student Money Service

www.glam.ac.uk/money

Tel: 08456 434 030

Email: money@glam.ac.uk

Student Finance Wales

www.studentfinancewales.co.uk

Student Finance England

www.studentfinancedirect.co.uk