Student Funding 2012-13
The changes to student finance will affect all undergraduate
students from the UK and other EU countries who go to university in
England in 2012 and later years.
But don’t be put off! The system is designed so that
students from the UK and EU, studying full-time for their first
degree or other higher education course will not have to pay
anything while they study.
The most important things to remember are:
- Graduates will not make a contribution towards the repayment of
their tuition costs until they are earning at least £21,000.
- There will continue to be loans available for the graduate
contribution to cover tuition costs and for maintenance (living
costs).
- Additional non-repayable funding will also be available to
students from households with lower incomes in the form of a
maintenance grant.
- Part-time students will also be able to apply for support.
Martin Lewis, from MoneySavingExpert.com
explains the changes in the short video below:
MoneySavingExpert.com have designed a handy student finance calculator to
enable you to change the variables such as tuition fee level,
maintenance loan level and likely starting salary, and get an idea
of what you'll pay back and for how long. Play about with
different amounts to see what happens...
More resources and helpful guides
Take a look at some more videos and
other useful information to help you
find out all you need to know about student finance for 2012.
If you're still feeling confused...
We're always here to help! Just contact the Student Funding
Advice Team
T: 01904 876939
E: money@yorksj.ac.uk