Your Future

University Costs and Fees

University Costs and Fees

University Costs and Fees

Although tuition fees and living costs are a major factor when considering applying to University, Higher Education can be seen as an investment with degree holders earning an average of £12,000 a year more than non-graduates over the last decade.  In addition graduate earnings have increased faster for each year of age and they have also increased for longer.

All students are given practical advice in Year 13 about the process of applying for student finance. Student Finance England come into school to speak with the students and also carry out a separate event for parents/carers.

Currently the majority of universities charge students a maximum £9,250 in tuition fees per academic year. You are not required to start repaying your loan before you graduate and until you earn over £21,000.

Getting Started

To start your process of registering go to the gov.uk student finance website . This will allow you to register and has lots of useful advice for sorting out your funding for university fees and maintenance loans.

https://www.gov.uk/get-undergraduate-student-loan

http://www.ucas.com/how-it-all-works/student-finance

Funding for new undergraduate students in September 2019

The Government are currently carrying out a review into student funding which is expected to be completed by early 2019.

We recommend that you take a look through what is currently offered to 2018/19 starters, but we will update this web page as soon as we are advised of the 2019/20 funding package.

On this page information is for full time undergraduate students who normally live in England and have ‘home’ fee status. In other words you must have ‘settled status’ and lived in England for more than three years prior to the start of your university course.

The information below relates to funding offered by the UK Government for students who intend to start a first undergraduate degree in September 2018. 

From the UK Government

Starting University in September 2018

Tuition Fee Loan

The Tuition Fee Loan offered for 2018 will be up to £9,250 . This is the fee for undergraduate courses, for new students with ‘home’ fee status, from September 2018.

Living Cost (Maintenance) Loan

The maximum maintenance loan you will be able to apply for in 2018/19 is £8,700. You can receive some of the loan without having a household income assessment carried out, but if your household income is around £62,000 or below you will receive a higher rate of loan. Check the table below for more details, including the Governments expected contribution from the person/people whose income has been used within the assessment process:

Maintenance Loan (Living away from home)
 Household income Assessed contribution Amount of Loan
 £25,000 £0 £8,700
 £30,000 £0 £8,076
 £35,000 £0 £7,452
 £42,875 £0 £6,469
 £50,000 £890 £5,579
 £55,000 £1,514 £4,955
 £62,215 £2,415 £4,054
 £65,000 £2,415 £4,054

 

If you decide to stay at home and live with your parents while you are a student, the amount of loan you can receive is less: see table below

Maintenance Loan (Living at home)
 Household income Assessed Contribution Amount of Loan
 £25,000  £0 £7,324
 £30,000  £0 £6,707
 £35,000  £0 £6,090
 £42,875  £0 £5,118
 £50,000  £880 £4,238
 £55,000  £1,497 £3,621
 £58,215  £1,894 £3,224
 £60,000  £1,894 £3,224

 

Please note the loan rate for all students in their final year is less than the figures given in the two tables.

Additional Support

Grants are available depending on your specific circumstances and awards are assessed on your household income. These are the Childcare Grant, Adult Dependants’ Grant, and Parents Learning Allowance. Full details can be found at www.gov.uk/studentfinance

If you are hoping to study Nursing, Midwifery, Physiotherapy or Dietetics you may also be eligible for the Learning Support Funds offered through the NHS