Student Finance

2014

Schools and Colleges LiaisonStudent Finance 2015

Schools and Colleges Liaison

The UCAS process timeline – 2015 entry

1st September

15th October

15th January

Late January

25th February

24th March

6th May

31st May

30th June

1st July

2nd July

13th August

31st August

21st September

Application cycle opens

Deadline for Oxbridge, Medicine, Dentistry and Vet. Science

Deadline for applications made by schools and colleges

Student Finance England (SFE) opens for applications

UCAS Extra opens

Deadline for certain Art and Design courses

Deadline for students to make their Firm and Insurance choice

SFE deadline for guaranteeing funding being in place

Deadline for receiving applications by the normal route

Clearing opens

Deadline for applications via UCAS Extra

Results day. Clearing vacancies published and Adjustment starts

Adjustment closes

Final deadline for applications for 2015 entry

Excellent Graduate Employment

• No upfront payments required

• Bigger borrowing does not increase repayment amount

• Loans are written off after 30 years

The things you need to know

£160 million investment in our campus

• Tuition fee loan

• Maintenance loan

• Maintenance grant

• Additional funding sources

The Financial Support

Winner of the HE Students’ Union of the Year award 2014

• Fees up to £9,000

• Everyone entitled to the loan

• Can be a full or partial loan

• Paid directly to institution

• Apply for each year of study

Tuition fee loan

The Media Archive for Central England is located on campus

• Available to all; partly means tested

• 100% amount depends on where you decide to live whilst at university £4,565 at home £5,740 away from home£8,009 away from home, in London

• Three instalments

• The exact amount you get is based on your household income (thresholds are £25,000 to £58,200 at home, £62,143 outside London, £69,766 in London)

• This loan is applied for each year you study

Maintenance loan

One of the Safest University Cities in the East Midlands

• Additional help for low household income students and is wholly means tested

• The maximum students will receive is £3,387

• The thresholds for household income are £25,000 to £42,875

• This grant is not repayable

• Applied for each year you study

Maintenance grant

Excellent Scholarship Packages

• Disabled Students’ Allowance

• Adult Dependents’ Grant

• Childcare Grant

• Parents’ Learning Allowance

• All of the above are non-repayable

• Applied for each year you study

Potential extra support

Journalism and Psychology courses ranked top 10 in UK

Package of support for 15/16

Household Income

Maintenance Loan (repayable)

Maintenance Grant (non-repayable)

Total Support Package

£25,000 or less £2,872 £4,047 £6,316 £3,387 £6,259 £7,434 £9,703

£30,000 £3,345 £4,520 £6,789 £2,441 £5,687 £6,961 £9,230

£35,000 £3,818 £4,993 £7,262 £1,494 £5,312 £6,487 £8,756

£40,000 £4,292 £5,467 £7,736 £547 £4,839 £6,014 £8,283

£42,620 £4,540 £5,715 £7,984 £50 (min grant) £4,590 £5,755 £8,034

£42,875 £4,565 £5,740 £8,009 £0 £4,565 £5,740 £8,009

£45,000 £4,344 £5,519 £7,788 £0 £4,344 £5,519 £7,788

£50,000 £3,823 £4,998 £7,267 £0 £3,823 £4,998 £7,267

£55,000 £3,301 £4,476 £6,745 £0 £3,301 £4,476 £6,745

£58,200 £2,967 £4,144 £6,413 £0 £2,967 £4,144 £6,413

£60,000 £2,967 £3,955 £6,224 £0 £2,967 £3,955 £6,224

£62,143 £2,967 £3,731 £6,001 £0 £2,967 £3,731 £6,001

£69,766 £2,967 £3,731 £5,205 £0 £2,967 £3,731 £5,205

What could the package of support look like?

Home Away London Home Away London

Industry Accreditations across our courses

• NHS

• University scholarships/bursaries

• Worthy cause funding

• Always check

Other funding sources

£14 million Science & Innovation Park (2014)

• Two loans added together- one overall repayment amount

• Repayments start in the April following your graduation

• Earning more than £21,000 per annum

• Deducted directly from salary

Repaying the loans

Award-winning Great Central Warehouse Library

• Repayment amount is 9% of your gross salary, once earning above £21,000

• At a starting salary of £25,000 – the repayment will be £360/year or £30/month (9% of £4,000)

• Lump sum payments can be made

• Interest accrued from day one of the loan

What you pay

The largest TV Studios in the East Midlands located in the University’s School of Media

• Applications for the main loans and grants made online or on paper via Student Finance England

• SFE deadline 31st May

• Individual university bursaries and scholarships- check with institution

• Other sources- check on how to apply via the institution or funding website

How to apply

New £11.5 million School of Art & Design

• Scotland

• Wales

• Northern Ireland

• Outside the UK

Studying elsewhere

Our students graduate in Lincoln’s historic castle and medieval cathedral

• Graduates do not repay grants, bursaries and scholarships

• Graduates do repay their loans

• Repayments start once graduate earns over £21,000

• Working abroad

Remember

High Student Satisfaction

• Student loans do not appear on credit files

• 2012 structure will now be considered in mortgage applications

• Debt collectors will not chase you for money

Further useful information

Accountancy & Finance ranked 1st in UK for the last 5 years

• slc.co.uk

• gov.uk/student-finance

• gov.uk/unimoney

• scholarship-search.org.uk

• unigrants.co.uk

• studentcashpoint.co.uk

• moneysavingexpert.com/students

• Student Finance England Customer Support Line: 0300 100 0607

Resources:

Top marks from the Quality Assurance Agency

Open days 2014•Saturday 18 October

•Saturday 15 November

•Wednesday 3 December

All of our open days can be booked online and we run informal tours regularly

Thank you for listening | Any questions?

113 Sports Teams & Societies, inc. Gliding, American Football, Rowing and the University Orchestra

Contact Us:

lincoln.ac.uk

enquiries@lincoln.ac.uk

01522 886644

/UniversityOfLincoln

@UniLincoln