This information is based on 2012/13 figures

You will have two main costs to meet when you go to university:

Your Tuition Fees (up to £9,000 per year depending on what course you chose to study and where you chose to do it)

Your Living Costs (i.e. rent, food, bills)

Funding from Student Finance England Maintenance Grant - up to £3,250 Living Costs Loan - up to £5,300 Tuition Fee Loan - up to £9,000 Extra Grants available for students with children

and disabled students.

Funding from your University : University Bursaries National Scholarship Programme

Funding from the NHS Tuition Fees paid directly to your institution.

Non Means Tested Bursary of £1,000.

Means Tested bursary up to £4,395. Additional grants for students with dependents

and disabled students.

From Student Finance England Student loan up to £2,324.

Maximum Maintenance Grant £3,250

Maximum Maintenance Loan (if £3,875getting the Maintenance Grant)

TOTAL STUDENT INCOME £7,125divided by 44 weeks £162 per week

This assumes you are receiving the maximum loans/grants available. If you are not receiving the full amount you or your parents are expected to meet the difference.

Non means Tested Bursary £1,000Means Tested Bursary £4,395Student Loan £2,324TOTAL STUDENT INCOME £7,719

divided by 52 weeks £148 per week

This assumes you are receiving the maximum loans/grants available. If you are not receiving the full amount you or your parents are expected to meet the difference.

The following is a sample budget. As you can see the figures are VERY conservative but still show you will have more money going out than coming in each week.

Rent £70 Books/Stationery £5Food £25 Clothing £10Insurance £5 TV Licence £2Leisure £20 Travel £5Telephone £10 Gas/Electricity/Water £15

Total Expenditure = £165 per week!!!

In some cases student funding may not cover your full living expenses

Tuition Fee loan

Part time work

Most funding is paid termly

Open a student bank account

Make one weekly cash withdrawal

Share costs with friends

Don't buy every book on the reading list

Take advantage of student offers - e.g. NUS Card

Although some groups got into debt it is because we made you make extreme choices. In reality students do not make such extreme choices - they find a balance.

You are not alone - your University and/or Students Union will provide advice and support to students on funding, budgeting and any other issues.

If ends don't meet you may be able to apply for additional financial support - Access to Learning Funds.

£30

£142

£0

£40

£80

£120

£160

£200

£240

£21,000 £25,000 £30,000 £40,000Month

ly R

ep

aym

en

t

£217

£50,000

£67

Yearly income

Both government-commissioned and external studies have consistently found that, over his or her working life, the average graduate will earn comfortably over £100,000 more in today's valuation, net of tax, than a similar individual who achieved university entrance qualifications but did not go into HE.

Graduate Market Report 2010 - Average Graduate Salaries

The Office of National Statistics have found that degree holders earned an average of £12,000 a year more than non-graduates over the past decade.

Student Finance England Tel: 0845 800 5090 Website: www.direct.gov.uk/studentfinance

http://bursarymap.direct.gov.ukwww.studentfinanceengland.co.uk

NHS Student Grants Unit Tel: 0845 3586655 Website: www.nhsbsa.nhs.uk/816.aspx