Understanding Student Finance: Loans, Contributions, and Eligibility Explained

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Decipher the complexities of student finance with details on repayment conditions, contribution systems, types of student loans, income assessment, and income thresholds for maintenance loans. Explore the pros and cons of going to university, how earnings affect repayments, and the eligibility criteria for receiving financial support as a student in the UK.


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  1. STUDENT FINANCE EXPLAINED

  2. ITS IMPORTANT TO CONSIDER THE REPAYMENT CONDITIONS No win, no fee education How much you repay depends on how much you earn Graduate contribution rather than a debt repayment Written-off after 30 years

  3. What are the pros and cons of going to university? THOSE WHO MAKE THE MOST FINANCIAL GAIN OUT OF UNIVERSITY CONTRIBUTE THE MOST C

  4. CONTRIBUTION SYSTEM Monthly contributions Annual income 27,295 0 20 30,000 35,000 57 40,000 132 170 50,000

  5. TWO TYPES OF STUDENT LOAN TUITION FEE LOAN MAINTENANCE LOAN MEANS TESTED NON MEANS TESTED PAID DIRECT TO UNIVERSITY PAID TO STUDENT AFTER ENROLMENT 9,250 CAP AMOUNT DEPENDS ON CIRCUMSTANCES

  6. INCOME ASSESSMENT Gross taxable household income of previous financial year If income has dropped by more than 15% you can ask for a current year assessment Deductions made for pension contributions Where there are two or more children in the household at university this will be taken into consideration

  7. INCOME THRESHOLDS FOR MAINTENANCE LOAN Living away from home (outside London) Living away from home (London) Household income Living at home < 25,000 7,987 9,488 12,382 35,000 6,642 8,130 11,001 45,000 5,296 6,771 9,620 55,000 3,950 5,412 8,239 65,000 3,516 4,733 6,858 75,000+ 3,516 4,422 6,166

  8. TITLE Body copy

  9. STUDENT FINANCE TUITION FEE LOAN + MAINTENANCE LOAN + INTEREST CONTRIBUTIONS MADE WHEN EARNINGS EXCEED 27,295

  10. ELIGIBILITY First degree (some exceptions!) Approved course at a registered university UK resident (or settled status) for 3 years prior to start date

  11. PART-TIME MAINTENANCE LOAN Minimum 25% study intensity a year Must physically be in attendance at university Exclusions do apply

  12. EXTRA SUPPORT Disabled Students' Allowance Childcare Grant Parents Learning Allowance Adult Dependents' Grant

  13. SUPPORTING CARE LEAVERS AND ESTRANGED STUDENTS All-year round accommodation Dedicated bursary of 750 Specialist application support pre-entry Dedicated contacts enquiries@staffs.ac.uk / 01782 294400

  14. EXTRA FUNDING FOR CERTAIN HEALTHCARE COURSES Healthcare bursary Learning Support Fund (LSF) Long course loan for 30+ week courses More information available on NHS BSA www.nhsbsa.nhs.uk

  15. BURSARIES AND SCHOLARSHIPS Do not have to be paid back Differ at different universities so do your homework Can be linked to income or academic excellence

  16. APPLICATION PROCESS

  17. THINGS TO REMEMBER It s not a traditional debt The size of the debt is NOT a reflection of how much university ACTUALLY costs Contributions will always be manageable Maintenance loan is means-tested

  18. REMEMBER Budget Consider part-time work Sign up for student discounts

  19. BE THE CHANGE GET ON TRACK WITH A DEGREE FOR THE FUTURE STOKE OPEN DAYS STAFFORD OPEN DAYS SATURDAY 18 SEPTEMBER 2021 SUNDAY 24 OCTOBER 2021 SATURDAY 4 DECEMBER 2021 SATURDAY 2 OCTOBER 2021 SUNDAY 7 NOVEMBER 2021 SATURDAY 27 NOVEMBER 2021 To book a place on an Open Day, visit: www.staffs.ac.uk/opendays

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