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Finance for returning students (2017/18)

 If you are a current home full time student who started your course in or after  2012/13 but before 2017/18 then you will be charged £9000 for your tuition fees.  If you started your course after 2012/13 and are returning from a Leave of Absence to continue your studies in 2017/18 you will still be charged £9000 for your tuition fees.   

Student support funding is UK government funding which available to all full time “home students” to help cover the costs of their studies whilst at University. 

The rules about who qualifies as a “home” student and can get this type of funding are very complicated and depend on your nationality, the immigration status of you and your family members and where have been living.   If you are a British national and have lived in the UK for at least three years before that start of your course then it is likely you will qualify.  If you have any questions about “home” funding status and whether you will qualify then please feel free to contact one of our advisers in the Advice Zone at The Hub on
0121 204 4007.

Student support funding for “home” full time students is assessed and paid through Student Finance England.  You can make an application online at the Student Finance England website or you can apply using a form.  If you have not applied to Student Finance England before then you will need to use form PN1 for 17/18 (even though you are not a new student!)  If you had funding through Student Finance England last year and will be returning to your studies this year then you will need to use form PR1 for 17/18.  You can download these forms from the gov.uk website. 

Full time students can now start applying for funding for 2017/18
Part time students can begin applying from summer 2017

Key Dates for aplications
In order for your student funding to be in place in time for the start of term in September 2017 you must complete your application by:

Returning students: 24 June 2017
New students: 27 May 2017

There absolute deadline for existing students to apply for 2017/18 funding is 9 months after the start of the academic year which would be the end of May 2018. 

 

You can use the online finance calculator on the Student Finance England website to get an idea of how much funding you may be able to receive.

Tuition Fee Loan 

You can borrow tuition fee loan of up to £9000 in 2017/18. This type of funding is not based on your household income and is available to all eligible students. It is paid directly to the University and you have to repay this type of funding after you have finished your studies.

Maintenance Loan 


This is a loan which is available to help you pay your living costs. Part of the loan is assessed based on your family’s income there are different amounts according to where you study and if you live at home whilst you study. The Maintenance Loan will be paid into your bank account at the start of each term. You have to repay this type of funding after you have finished your studies.

Maintenance Grant


This is a grant to help you pay your living costs and it is assessed entirely on your household income. The Maintenance Grant will be paid into your bank account at the start of each term. This type of funding does not have to be repaid. 

Special Support Grant

This grant is to help pay for living costs and is available to students who have an underlying benefit entitlement. Most full time student students do not qualify to apply for social security benefits but there are some special groups who can apply (for example students who are single parents or those in receipt of DSA.)   ou cannot receive both the Maintenance Grant and the Special Support Grant and it is important that you make sure you apply for the right one as it can affect your benefit entitlement and the total amount of funding you get. Feel free to contact us at the Advice Zone at The Hub on 0121 204 4007 if you are not sure which grant to apply for. The Special Support Grant is assessed according to your household income but is not used to subsidise your student loan. The Special Support Grant will be paid into your bank account at the start of each term. This type of funding does not have to be repaid. 

There are additional grants available to students who have children financial dependent upon them. This type of funding is assessed on the income.  If you are living with a partner then their income will also be taken into account.

Childcare Grant
You can apply for a grant to help you with up to 85% of your childcare costs.You will need to complete a separate application form called the CCG1 for 2017/18 to apply for this grant. You can download the form at the Student Finance England website The Childcare Grant will be paid into your bank account at the start of each term.  This type of funding does not have to be repaid.

Parents’ Living Allowance
You can receive a grant of up to a maximum of £1,617 depending on your income. You do not to complete a separate application form for this grant and it can be assessed as part of your main funding application. The Parents’ Living Allowance will be paid into your bank account at the start of each term. This type of funding does not have to be repaid.

 

You will become liable to repay your student loans in the April after you complete your studies. Even then you only have to repay your student loans when you income is above £21,000 per year. You only have to repay 9% of the amount you earn that is above the £21,000 threshold and your repayments are normally collected directly through your wages whilst you are working in the UK by HMRC (the UK tax authority).

All of your student loans (Maintenance Loans and Tuition Fee Loans) are combined together. Interest will be charged on your student loans from when the first payment of the loan is received and continues until the loan has been repaid in full. The interest rate varies as it is linked to inflation and is set in September each year.


 

 

Last checked 11/04/2017 KJ