Student Guide to University Loans and Grants

INDEX

1. Student Loans and Maintenance Loans

Tuition Fee Loan 2021/2022

All students that want to take either a Higher National Diploma (HND) or a degree can apply for a Government Tuition Fee Loan.

Students who attend an HND or Degree course in England can apply for the Government Tuition Fee Loan. This loan is paid to the educational facility and is not means-tested. The Tuition Fee Loan will cover up to the maximum tuition fees of £9,250 per year.

For more information and to apply for a Tuition Fee Loan call or visit the website below. Choose the area you intend to study, not the area you currently live in.

England : 0300 100 0607

Website: Student Finance England

Scotland 2021

Scottish residents or students who have been living in Scotland for three consecutive years prior to applying do not pay tuition fees to study in Scotland. To ensure you are not eligible for the fees Scottish students must still apply to Student Finance. Students can also apply for an additional Maintenance Loan, if eligible.

Scotland : 0300 555 0505

Website: Student Awards Agency Scotland

Wales 2021

Students can apply for a Tuition Fee Loan and an additional Maintenance Loan, if eligible.

Wales : 0300 200 4050

Website: Student Finance Wales

Northern Ireland 2021

Students can apply for a Tuition Fee Loan and an additional Maintenance Grant if eligible. The Maintenace Grant does not need to be paid back,

Northern Ireland : 0300 100 0077

Website: Student Finance Northern Ireland

Government Tuition Fee Loan Repayment Terms 2021

Tuition Fee loan repayments are calculated on earnings and start the April following the completion of your course. The Government is currently proposing a reduction to the repayment threshold for English student loans and the below figures are subject to change.

University Loan Repayment Threshold Amounts

England, Wales and Northern Ireland: £27,295 per annum

Scotland: £25,000 per annum (Students who are not eligible for free tuition)

To find out how much you are likely to pay when you hit or earn over the threshold I recommend using the Save The Student:Student Loan repayment calculator

Repayments are paused if you earn less than the threshold on any given year. Loans are cancelled 30 years after completion of your course.

2. NHS Career Options 2021/2022

Degree Fees paid in full with NHS Learning Support Fund (LSF)

NHS Grants and Additional Finance 2021/2022

1. Training Grant - £5000, per annum
2. Parental Support Payment - £2000 per annum
3. Specialist Subject Payment - £1000 per annum
4. Additional Travel & Accommodation - Clinical Placements (individually caculated)
5. Exceptional Hardship Fund - £3000 per annum (up to)

Application Dates 2021

New Students: September and October start date, from 01/06/2021

Continuing Students: September and October start date, should have received an email by 30/09/2021

Final Year Students: Extending Course, contact your University to request an extension request form (Do not use the new NHS LSF system)

3. Teaching Career Options 2021/2022

Government Tuition Fee Loan

This loan is paid to the educational facility and is not means-tested. The Tuition Fee Loan will cover up to the maximum tuition fees of £9,250 per year.

Maintenance Loan

Students can also apply for an additional Maintenance Loan, if eligible, regardless of whether you get a teaching bursary or scholarship, of up to £12,382

To find out how to train to teach primary or secondary students

Student finance calculator

Final Year Degree Students

Final year degree students can apply for a training bursary of £9000 when studying:

4-year Undergraduate degree courses leading to QTS and a Master’s degree can apply for a £9,000 bursary. This is paid in the third and fourth years of their degree course.

Teaching Bursary - Postgraduate bursaries and scholarships 2021 to 2021

Postgraduate bursaries and scholarships are available for courses leading to the award of qualified teacher status (QTS). You can only apply for a teaching bursary or scholarship payments.

Teaching Bursary Payment Amounts Per Subject

The bursary payment will depend on the subject:

• Chemistry, Computing, Maths and Physics £24,000
• Languages and Classics £10,000
• Biology £7,000

Eligibility for a Teaching Bursary

Graduates must hold a 1st, 2.1 or 2.2 for their degree classification or hold a Master’s or a Ph.D.

Check Here for Eligibility for Teaching Bursaries

Teaching Scholarships

The scholarship payment is only applicable for:

Chemistry, Computing, Maths and Physics £26,000

The criteria for a teaching scholarship is set by the professional scholarship body:

Royal Society of Chemistry

BCS The Chartered Institute for IT

Institute of Mathematics and its Applications

Institute of Physics

To find out if you qualify for a bursary or scholarship call - 0800 389 2500.

For more information contact a teacher training advisor

4. Student Accommodation Options

Moving away from home or supported accommodation is probably one of the most exciting and stressful parts of becoming a university student. There are various options to consider and different types of accommodation will suit different people.

University Halls of Residence

If you like to be right in the center of everything that's going on and enjoy socialising, then staying in university halls of residence might be the perfect option. An advantage of university halls of residence is that you are likely to be close to the university, saving you money on travel costs and saving you from being late when you miss a bus! You can also check if the accommodation in University halls of residence is covered by eitherThe Student Accommodation Code or the Unipol Student National Code.

Both codes have strict requirements to ensure accommodation in University Halls of Residence adheres to health and safety standards and provides a high level of maintenance with quick repairs when things go wrong!

The cost of staying in university halls of residence varies depending on the area. The highest rents are in or close to London, with the average weekly rent around £200 a week. The South East and South West of England are also expensive with the average weekly rent in Sussex, Exeter and Surrey around £175 a week. Lower average weekly rents of around £100 a week, can be found in university halls of residence, provided by universities in the Midlands, North of England and Scotland.

Save the Student provides a searchable database of rent costs by university.

The main disadvantage with accommodation in university halls of residence is that they are usually only available for first year students. The idea is that students need less support and will have made friends, after being at university for a year. Almost all students share student accommodation rented by private landlords, after living in halls of residence during their first year at university.

Alternative Student accommodation

Not all first year students live in university halls of residence. Students who have applied through the clearing process may not be able to secure accommodation in university halls of residence or it may be too expensive. The first point of call is to check if your university can provide accommodation in properties owned or managed by the university. When this is not an option your university should be able to provide you with a list of estate agents, that rent student properties for private landlords.

Students will normally pay a monthly rent for a room, which will include rates, and then will be responsible for a share of the bills with the other occupants. This means an increase in the cost of services such as gas and electric and broadband will consequently put up the monthly cost for accommodation. The main advantage is that many students are able to live in the same student accommodation, from their second year up until the end of their degree course. Although this is not always the case and private landlords may choose to sell their properties when rental agreements are concluded, at the end of a university term.

Aside from estate agents or university owned or managed accommodation, students can find accommodation on sites such as Student Accommodation UK and Unite Students.

Private Rooms to Rent

Another option that is increasing in popularity is renting a private room in accommodation aimed at working 'professionals'. Normally all bills will be included in the monthly rent making it easier to budget and avoiding additional unexpected costs. When renting accommodation that is not aimed at students, rooms are far more likely to have a bathroom and even a basic kitchenette area, with a fridge and microwave.

The other advantage or disadvantage depending on individual circumstances is that when you choose to rent a room in accommodation that has been purposely split up for 'professionals' there will not be a requirement to move out during the university summer holidays, which is often a requirement with student accommodation. The easiest way to find private rooms for 'professionals' is to search for rooms to rent on websites such as Spare Room and RoomGo.

Students Renting Accommodation - 7 Questions to Ask

1. Does the rent include all bills and if not how are the bills divided between the individuals in the accommodation?
2. How much is the deposit and what are the deposit terms?
3. What are the rental terms for occupancy and do students need to leave the accommodation during the summer holidays?
4. How long has the property been rented to students?
5. What maintenance and repairs are the responsibility of the students or tenants?
6. Who to contact if repairs are required and how long will it take to send an electrician to repair any electrical faults?
7. What is the notice period and when will deposits be returned, once the accommodation has been evacuated.

5. Average Graduate Salaries

Per Degree Subject

Art

Banking and accountancy

Business, Marketing and Management

Computer Science

Education

Engineering

Humanities

Law

Life Sciences

Medicine

Per Region

• London £27,256
• South East £24,254
• Scotland £24,151
• East of England £24,076
• West Midlands £23,117
• South West £23,095
• East Midlands £22,828
• North East £23,014
• Yorkshire and The Humber £22,528
• North West £22,537
• Northern Ireland £21,645
• Wales £22,270

RESOURCES

luminate.prospects.ac.uk

savethestudent.org

www.gov.uk