Money Matters

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Money Matters
Centre for Joint Honours

• EU/UK Students entering in September 2009

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Apply for Student Support- PN1 Form
Centre for Joint Honours

• Local Education Authority (LEA) or
• Download from www.dfes.gov.uk/studentsupport
• Available March 2009 onwards (the current form is
  for 08/09 entrants)

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Centre for Joint Honours

• Tuition fee loans
• The Higher Education Maintenance Grant
• The Government Student Loan
• 25 means-tested
• 75 non means-tested
• Help for certain students
• University of Leeds Scholarships

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Centre for Joint Honours

• Current fees are 3,225 for all undergraduate
  courses (UK/EU).
• You may apply for a loan to pay for the fees
• There is no longer a requirement to pay fees
  up-front but you must remember to apply for the
  loan

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Centre for Joint Honours
Based upon 08/09
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Centre for Joint Honours
Loan Must be paid back Grant Does not need
to be paid back
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Centre for Joint Honours

• HM Revenue and Customs deduct from income and
  credit the Student Loan Company (SLC)
• Interest rate is in line with inflation
• Students will not repay anything until earnings
  are over 15,000
• e.g. a graduate earning 20,000 would make annual
  payments of 9 on 5,000 (20,000-15,000) - this
  would be 37.50 per month
• Loans can be paid off more quickly if you can
  afford it
• Loan written off after 25 years

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Centre for Joint Honours

• More funding available for students
• With Disabilities
• Parents Learning Allowance
• Childcare Grant
• Child Tax Credit
• Adult Dependant Grant
• Scholarships/Bursaries you must look for these
  and apply

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Centre for Joint Honours

• Parental contribution
• Savings
• Access to Learning Fund
• Bank overdrafts
• Benefits (lone parents, disabled students)

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Centre for Joint Honours
Based upon 08/09
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Centre for Joint Honours
Leeds Universtiy Union LUU, PO Box 157,Leeds, LS1
1UH [phone] advice_at_luu.leeds.ac.uk We
can assist prospective students
Based upon 08/09
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Centre for Joint Honours
To recap Loan Must pay back Grant Dont pay
back Check for sources of funding
scholarships/bursaries Fill out the PN1 form as
soon as possible
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Useful Websites

• http//www.leeds.ac.uk/students/fees_2008/tuition_
  fees.htm
• http//www.luuonline.com/help/money/costoflivingin
  leeds.phpaccommodation
• http//www.studentfinanceengland.co.uk/portal/page
  ?_pageid73,3080117_dadportal_schemaPORTAL