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Medicine Open Day - Student Finance & Support - Parents

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by

Gareth Davies

on 24 June 2017

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Transcript of Medicine Open Day - Student Finance & Support - Parents

For
Accommodation, food,bills, clothes
travel, leisure, laundry,
books etc

Grant

£9,000
per year
Currently
Student Loan
2
(Wales) www.studentfinancewales.co.uk/
(England) www.studentfinance.direct.gov.uk/
(N.Ireland) www.studentfinanceni.co.uk/
(Scotland) ww.saas.gov.uk/
Based on
where you were
normally living
prior to the
course
Where
to apply
for
funding
How do
students manage?

One or two bedroom private rented property in Cardiff between £450 and £690 per month
Shared private rented student house
Average £285 per month plus bills
Other University Residences
From £242 to £422 per month
Allensbank House
(Nearest to Heath Hospital site)
Average Rent £430 per month
NHS Salary
£30,161 p.a.
Basic starting salary plus average additional
hours pay
Single students in shared accommodation.
Where will my money go?
Accommodation costs
Interest at rate of inflation plus 3% is applied while studying.

After graduation interest is at rate of inflation plus up to 3% depending on income
Repaying
the Student Loan
Part-time work?
Vacation work?
Live at home while studying?
Support from family?
Placement costs?
Running a car?
Students usually
get less funding
if they live at
home while studying
Available on the
following web sites -

Student Finance England
Student Finance Wales
Student Finance N Ireland
Student Awards Agency Scotland
2018/19
Tuition Fee Loan
available for this amount
Students pay £9,000
All home UK & EU students
1
How much usually depends on parents income & UK residence
How much will partly depend on parents income & UK residence
Grant = £7000 p.a.
Loan = £2000 p.a.
Money
to live on
Term time

Loan = £8430 p.a.
Bursary = £1875 p.a.
Loan = £5750 p.a.
Years 1 to 4
Grant = £3475 p.a.
Loan = £2953 p.a.

Parents
income
£18,000 p.a.

Years 1 to 4
Money to live on
The most you can get

Parents Income
£65,000 p.a.
Grant = £1000 p.a.
Loan = £6000 p.a.
Loan = £3928 p.a.
Grant = £0
Loan = £3630 p.a.
Bursary = £0
Loan = £4750 p.a.
Years 1 to 4
Money to live on
The least you can get

Funding Calculator
NHS Pay tuition fees

NHS Bursary -
Income assessed

NHS Grant -
Non income assessed

Reduced Loan -
Non income assessed
From Year 5
From March
of year of entry
Extra long years 3,4 & 5
Elective
Freedom
25%
Social life
22%
Living away
from home
18%
Independence
13%
New
friends
8%
Studying
8%
Using
my brain
6%
What do our
students
think?
What
parents ask
about?
Going to
University

Fees
Money to
live on
Halls
How is
income
assessed
Safety
Support
Career
NHS Pay the fees
in Year 5
The
Debt
Years
1 to 4
What we mean
What you pay for teaching and academic/clinical placement support
Tuition Fees
Tuition Fee Loan
What you borrow to pay the fees to the university
What we mean
Grant
Money you don't have
to pay back
Student Loan
Money you borrow and have to pay back
Parents income
Income of a step parent OR partner
What we mean
If parents are separated only the income of the parent a student normally lives with is taken into account
Income of both parents
What will I have to live on?

How much will I end up borrowing?
In shared student accommodation
Liberty Living
£446 per month
Accommodation
costs
1 or 2 Bedroomed
private rented place
in Cardiff -
average rent from
£450 to £690 per month
Other University Residences
£356 to £415 per month
Shared private rented Student House
£260 per month + bills?
In shared student accommodation
Average Rent
UK National with 3 years residence in the UK immediately prior to the course
Students who qualify
for
funding
Normally fees support only
(Non UK)
EU Students
Students from
the Channel Islands
and
the Isle of Man
Funding & Fees
Term 1 = 14 weeks
Term 2 = 14 weeks
Term 3 = 9 weeks
Paid
33% in Term 1
33% in Term 2
34% in Term 3
Tuition Fees
Jobshop
Council tax
Exemption

Budgeting
Student discount offers -
e.g. railcard, books, shops etc

Student account interest free overdraft

Educational Trust Funds

Additional funding options -
check Student Support Centre
web pages
Spend-O-Meter
Extra costs!
Options
Students who don't get maximum funding
£715 to
£1000 pcm
Maximum
funding
What does this mean for parents?
Students who don't get maximum funding
Helpful websites
Useful guide
Any queries contact us
Adviceandmoney@cardiff.ac.uk
(Wales) www.studentfinancewales.co.uk/
(England) www.studentfinance.direct.gov.uk/
(N.Ireland) www.studentfinanceni.co.uk/
(Scotland) ww.saas.gov.uk/
Use the one based on where you live
Ask current students
how they
manage
Information
& advice
Housing
moving into
private rented
accommodation

tenancy contracts

housing issues
I.T. Equipment

1 to 1 study skills support

Learning materials

Help with costs of copying & books

Other support e.g. note taking, travel
Dyslexia
Learning support
disability@cardiff.ac.uk
dyslexia@cardiff.ac.uk
Study Skills
Contact us
Any queries -
advice&money@cardiff.ac.uk

Single student budget
Halls
Food
Toiletries & Laundry
Books,copying,printing
Travel
Phone,T.V.,Insurance
Clothes
Social & leisure
£ 486
£ 143
£ 22
£ 38
£ 39
£ 37
£ 33
£ 130
Total per month
£928
Student house
Gas/electricity/water
Food
Toiletries & Laundry
Books, copying,printing
Travel
Phone,T.V.,Insurance
Clothes
Social & leisure
£ 290
£ 50
£ 143
£ 22
£ 38
£ 39
£ 37
£ 33
£ 130
Total
per month
£782
student carers
care leavers
estranged students
veterans
Bursaries for -
Check for costs
videos of halls at Cardiff University by students and official tour video
Halls
Go to -

www.residences@cardiff.ac.uk
Deadline in August
Apply for university accommodation
when firm offer received
Lowest cost - £449 per month or £103 per week Small en-suite or shared bathroom
Medium cost - £486 per month or £112 per week Talybont 'medium' en-suite
Highest cost - £528 per month or £122 per week Liberty Living standard en-suite
www.cardiff.ac.uk
Home UK
& EU Students
HEATH
Talybont
City Centre
Cathays & Roath
No Tuition Fee Grant in Wales?
Main campus
Full transcript