2013 ENTRY GERRY GREYLING
Let s talk cost Student Finance England Imperial s Financial Support Package Imperial s Finance Calculator Tuition Fee Loan Maintenance Loan Loan repayment Maintenance Grant Tuition Fee Waiver Bursary Accommodation Fee Waiver Scholarships INTRODUCTION Additional Help 2
Academic Year 2012-13 Weekly ( ) 39 Weeks ( ) 52 Weeks ( ) Accommodation 145 5,655 7,540 Food and Utilities 55 2,145 2,860 Travel (Zones 1-3 with 18+ Student Oyster) 24 936 1,248 Personal 50 1,950 2,600 Books and Course Costs 10 390 520 Total 284 11,076 14,768 http://www3.imperial.ac.uk/studentfinance/livingcosts LET S TALK COST 3
Imperial Tuition SFE Fee Loan 9000 FT UG Home & EU students Non-means tested Paid directly to Imperial TUITION FEES 4
London Rate 65% of SFE loan 35% of SFE loan Additional Allowances Living at home: 4,375 Not living at home: 7,675 Non-means tested Means tested Non-means tested Disabled Students Allowance Means tested Adult Dependant Grant Childcare Grant Parents Learning Allowance MAINTENANCE LOAN 5
When Cost Deferment Written off April after you finish your degree Earn 21,000 9% of Income above 21,000 Salary of 25,000 = 30 monthly payment Changes from previous years After 30 years LOAN REPAYMENT 6
SHOW OF HANDS 7
Have to repay Get to keep Tuition Fee Loan Maintenance Loan Grant Bursary Scholarship Studentship Fund Award JARGON 8
Grants paid according to household income on a sliding scale: Income > 42,6k No grant Income 35k- 42,6k Some grant: 50-1,478 Income 25k-35k MAINTENANCE GRANT Income < 25k Full grant: 3,354 Some grant: 1,478-3,354 9
SFE 42,6k Imperial 60k IMPERIAL S FINANCIAL SUPPORT PACKAGE 10
Band Household Income Financial Support* Bursary Tuition Fee Waiver Accommodation Fee Waiver A 25,000 or less 6,000 B 25,001-30,000 5,300 C 30,001-35,000 4,600 D 35,001-40,000 3,800 E 40,001-45,000 3,100 F 45,001-50,000 2,400 G 50,001-55,000 1,600 H 55,001-60,000 900 I 60,001 or more 0 http://www3.imperial.ac.uk/studentfinance/prospectiveugstudents/supportpackage IMPERIAL S FINANCIAL SUPPORT PACKAGE 11
http://www.imperial.ac.uk/studentfinance/calculator IMPERIAL S FINANCE CALCULATOR 12
Imperial Blue Tree Scholarships are awarded based on merit and potential and are available to students from many different backgrounds, studying a range of courses. Rector s Scholarship 150 Santander Ford World Scientific UG SCHOLARSHIPS 13
Tuition Fees Imperial Tuition Fee Waiver SFE Tuition Fee Loan Imperial Scholarships (150) No immediate Tuition Fee related expenditure Up to 2,500 Up to 9,000 From 1,000 Maintenance Imperial Bursary SFE Maintenance Grant SFE Maintenance Loan Imperial Scholarships (150) Potential of 14,529 Maintenance Support Up to 3,500 Up to 3,354 Up to 7,675 From 1,000 OVERVIEW 14
Access To Learning Fund Money to help students experiencing financial difficulties Can help with on going living costs or emergency, oneoff payments Cannot assist with tuition fees You don t have to pay it back EXTRA HELP ONCE YOU RE HERE 15
QUESTIONS 16