STUDENT FINANCIAL SUPPORT 2013 ENTRY

STUDENT FINANCIAL SUPPORT

2013 ENTRY

INTRODUCTION

2

Let’s talk cost

Student Finance England

Maintenance Loan Loan repayment Maintenance Grant

Imperial’s Financial Support Package

Accommodation Fee Waiver

Imperial’s Finance Calculator

Scholarships

Additional Help

I M P E R I A L C O L L E G E L O N D O N S T U D E N T F I N A N C I A L S U P P O R T

LET’S TALK COST

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

TUITION FEES

4

Imperial

Tuition

SFE

Fee Loan

• £9000

• FT UG

Home & EU

students

•Non-means

tested

•Paid directly

to Imperial

MAINTENANCE LOAN

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

LOAN REPAYMENT

6

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

JARGON

8

Have to

repay

Get to

keep

•Tuition Fee Loan

•Maintenance Loan

•Grant

•Bursary

•Scholarship

•Studentship

•Fund

•Award

MAINTENANCE GRANT

Grants paid according to

household income on a

sliding scale:

Income < £25k

Full grant: £3,354

Income £25k-35k

Some grant: £1,478 - £3,354

Income £35k-£42,6k

Some grant: £50 - £1,478

Income > £42,6k

No grant

IMPERIAL’S FINANCIAL SUPPORT PACKAGE

10

SFE

£42,6k

Imperial

£60k

Band

Household Income

Financial Support*

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

IMPERIAL’S FINANCIAL SUPPORT PACKAGE

Tuition Fee Waiver Bursary Accommodation Fee Waiver http://www3.imperial.ac.uk/studentfinance/prospectiveugstudents/supportpackage

http://www.imperial.ac.uk/studentfinance/calculator

12

I M P E R I A L C O L L E G E L O N D O N S T U D E N T F I N A N C I A L S U P P O R T

UG SCHOLARSHIPS

Scholarships are awarded

based on merit and potential

and are available to students

from many different

backgrounds, studying a range

of courses.

150

OVERVIEW

14

I M P E R I A L C O L L E G E L O N D O N S T U D E N T F I N A N C I A L S U P P O R T

Imperial

Tuition Fee Waiver

Up to £2,500

SFE Tuition

Fee

Loan

Up to £9,000

Imperial

Scholarships

(150)

From £1,000

No

immediate

Tuition Fee

related

expenditure

Imperial

Bursary

Up to £3,500

SFE

Maintenance

Grant

Up to £3,354

SFE

Maintenance

Loan

Up to £7,675

Imperial

Scholarships

(150)

From £1,000

Tuition Fees

Maintenance

EXTRA HELP ONCE YOU’RE HERE

Access

Money to help

students

experiencing

financial

difficulties

To

Can help with on

going living costs

or emergency,

one-off payments

Learning

Cannot assist with

tuition fees

Fu

nd

You don’t have to

pay it back

QUESTIONS

16

I M P E R I A L C O L L E G E L O N D O N S T U D E N T F I N A N C I A L S U P P O R T