Student Budgeting Advice Service Information Session

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Student Budgeting Advice Service provides one-to-one support for university students to manage their finances effectively. They offer guidance on fees, grants, and social welfare entitlements, along with information on internal and external financial supports. The service also assists students in understanding tuition fees, student contributions, SUSI grants, and higher education grants. Eligibility and application details for grants can be found on the SUSI website, and students can renew their applications online with ease.

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Student Budgeting Advice Service SUSI Information Session Ruth Killeen and Jennifer Bolton Student Budgeting Advisors

Student Budgeting Advice Service WHAT DO WE DO? One to One service for all registered students Support with Budgeting for University Managing your money Advice about fees, grants and social welfare entitlements Information on financial supports (internal and external)

Student Budgeting Advice Service Your Fees 1. Tuition Fees- Are you entitled to Free Fees? 2. Student Contribution- 3,000 (2021/22) SUSI Grant? SUSI will pay directly to the University No SUSI Grant- 1stInstalment on registration- September 2021 (50% fees + levy, currently 1,650) 2ndInstalment paid in January 2022 ( 1,500) 3. Student levy - 150 (2021/22) All students pay regardless of SUSI or other supports. *All queries - Fees and Grants Office

Student Budgeting Advice Service Higher Education Grants For undergraduates there are two classes of grant under the Student Grant Scheme A Fee Grant, part or full Student Contribution payment A Maintenance Grant, monthly payment to students Student Universal Support Ireland (SUSI) is the single awarding authority for all new grant applications for the 2021/22 academic year

Information on grant eligibility and how to apply is available at the SUSI website www.susi.ie Before making an application, students are encouraged to refer to the grant eligibility criteria, to use the eligibility reckoner and to view application form guide provided on the SUSI website.

Student Budgeting Advice Service Renewing your application Automatically renew online if there are no changes to your situation. Changes in circumstances that affect your renewal are: A sibling or parent starting college in 2021/22 Change of home address since your last student grant application was made or last reviewed Change in course Change in college Change in reckonable income on which you were originally assessed for grant assistance in 2021/22

Change of Circumstances for income include: Gross income (before any tax is deducted) is assessed from 2020 for 2021/22 If this income has changes in 2021(e.g. lost job, retirement or closed business) let SUSI know and they can assess 2021 income instead. If you were on a COVID payment (PUP) and this has stopped you can let SUSI know by email with proof. You can request a review under change in circumstances at any time during the year.

Dont forget the Holiday Earnings disregard for student income: Up to 4,500 earned can be ignored if earned out of term You need to tell SUSI when you earned what you earned send in payslips or the Holiday Earnings Sheet PUP is NOT counted as earnings for this disregard so cannot be deducted

Student Budgeting Advice Service SUSI Reckonable Income Limits and Grants Table 2021/2022 Grant Type Adjacent Rate Under 45 KM Non Adjacent Rate Over 45 KM Gross Household Income (0-3 dependents) Gross Household Income (4-7 dependents) Gross Household Income (8 or more dependents) Increment per Relevant Person in Further/higher Education Student Contribution Maintenance & 100% Fees and Contribution Term Social Welfare payment Special Rate 2,375 5,915 24,500 24,500 24,500 0 Maintenance & 100% Fees and Contribution Must Include a Long Must Include a Long Term Social Welfare payment Must Include a Long Term Social Welfare payment Full Maintenance 1,215 3,025 39,875 43,810 47,575 4,830 Maintenance & 100% Fees and Contribution Maintenance & 100% Fees and Contribution 75% Maintenance 910 2,270 40,790 45,025 48,890 4,670 Maintenance & 100% Fees and Contribution Maintenance & 100% Fees and Contribution 50% Maintenance 605 1,515 43,380 47,670 51,760 4,670 Maintenance & 100% Fees and Contribution Maintenance & 100% Fees and Contribution 25% Maintenance 305 755 45,790 50,325 54,630 4,670 Maintenance & 100% Fees and Contribution Maintenance & 100% Fees and Contribution No Maintenance 50% Fees and 100% Contribution 50% Fees and 100% Contribution 49,840 54,765 59,455 4,830 No Maintenance 50% Student Contribution 50% Student Contribution 54,240 59.595 64,700 4,830 100% Student Contribution = 3,000 Source: SUSI Website 50% Student Contribution = 1,500

Student Budgeting Advice Service SUSI Reckonable Income Limits and Grants Table 2020/2021 Grant Type Adjacent Rate Under 45 KM Non Adjacent Rate Over 45 KM Gross Household Income (0-3 dependents) Gross Household Income (4-7 dependents) Gross Household Income (8 or more dependents) Increment per Relevant Person in Further/higher Education Postgraduate Special Rate 2,375 5,915 24,500 Must Include a Long Term Social Welfare payment 24,500 Must Include a Long Term Social Welfare payment 24,500 Must Include a Long Term Social Welfare payment 0 Maintenance & 100% Fee Contribution (Up to a max of 6,270) Maintenance & 100% Fee Contribution (Up to a max of 6,270) Postgraduate Fee Contribution 2,000 2,000 31,500 34,615 37,580 4,980 Fee Contribution Fee Contribution BUDGET 2021 Changes 3,500 3,500 54,240 59,595 64,700 4980 Fee Contribution Fee Contribution Source: SUSI Website

Student Budgeting Advice Service Maximum Periods of Grant Funding Maximum Periods of Grant Funding Further/Higher Education Level Progression Higher Education UG level 6 Higher Certificate - Maximum 2 years funding at Undergrad level 6 Higher Education UG level 7 Ordinary Bachelor Degree Higher Education UG level 8 Honours Bachelor Degree - Maximum 3 years funding at Undergrad level 7 - Maximum 4 years funding in total at Undergrad level 6 & 7 - Maximum 4 years funding at Undergrad level 8 (except where normal duration of course exceeds 4 years) Higher Education PG level 8 Higher Diploma - Maximum 4 years funding in total at Postgrad Higher Education PG Level 9 Diploma Higher Education Level 9 Masters Degree All previous attendance and attainment at Postgrad level are considered regardless of whether grant was received previously or not Higher Education Level 10 PHD Source SUSI website

Student Budgeting Advice Service Appealing SUSI To SUSI (which must be received within 30 days of your original grant decision as advised to you by SUSI) Subsequently to the Student Grants Appeal Board You can ask for a review of the decision at any time! Grounds for Appeal: Adjacent/Non Adjacent rate (distance between college/home); Reassessment of your Total Household Income (if you feel it has been incorrectly assessed); Special Rate Change in Circumstances; Loss of Employment/Permanent Reduction in Salary; Retirement; Cessation of Business (If self employed); Nationality or Immigration status; Number of dependent children residing in the household; Sibling attending 3rd Level education; Change of Course; and Normal Residence

Student Budgeting Advice Service Questions you may have? What if I move out from my family home while studying. Will I be counted as an independent student? What if my parents/my income has changed? Can I work during term-time or holiday time, or will this effect my SUSI grant? If I change into a different course will I lose my SUSI grant? If I don t like my course and I want to start another, what happens to my SUSI grant? If I fail and have to repeat the full year will I lose my SUSI? If I am on BETA do I get a SUSI maintenance grant? If I am on BETA and work, is this counted as income for SUSI? If I want to defer a semester or a year what happens to my SUSI maintenance grant? I want to do an Erasmus year, will I be eligible for SUSI? If I am on a placement year, am I eligible for SUSI? If I receive financial assistance from another source is this counted as income for SUSI?

Student Budgeting Advice Service SUSI (STUDENT UNIVERSAL SUPPORT IRELAND) Website: www.susi.ie Email: support@susi.ie Facebook.com/susisupport Twitter.com/susihelpdesk Telephone helpdesk: 0761 08 7874 Go to: www.susi.ie

Student Budgeting Advice Service Social Welfare Options Back to Education Allowance (BTEA) details at Gov.ie. Budget 2017 brought in a special once off allowance for students with dependent children in receipt of BTEA of 500, paid in September. Under 26 s will now get full BTEA if they qualify. May be able to move from PUP to BTEA without standard waiting period. Other Social Welfare Payments. Look on grants and social welfare payments.

Student Budgeting Advice Service STUDENT SUPPORT FUNDS Student Assistance Fund (SAF) Financial help for students in significant financial difficulty to allow them to continue with their studies. Full and Part Time Registered Students. Means tested based on family income. Students can apply more than once. Contact the Student Budgeting Advisor.

Student Budgeting Advice Service OTHER STUDENT SUPPORT FUNDS Student Emergency Fund (SEF) For unforeseen and unexpected circumstances that affect the student s ability to engage with the college. Contact the Student Budgeting Advisor. Short Term Loan (STL) Up to 50 in cash to be repaid by the student. Food vouchers to help with unexpected costs. Urgent and unexpected circumstances. Apply to the Student Services Hub.

Student Budgeting Advice Service University Support Services Student Services Email student.services@mu.ie Fees and Grants Office Email - General Queries: fees.office@mu.ie Academic Advisory Office/Programme Advisory Email: advisory.office@mu.ie

Student Budgeting Advice Service Contact the Student Budgeting Advice Service www.maynoothuniversity.ie/money-matters Drop-In service: during term time had to be suspended due to COVID Query Form on website for any financial questions. Appointments: booked online at Book an Appointment for registered students Office: Ground Floor Student Services Building (Behind John Hume) Email: student.budget@mu.ie