Higher Education

Higher EducationHigher Education

What is Higher Education? Why apply to Higher Education? Choosing a Course The UCAS Process Finances School Support Questions

Tonight:

Finances

Can I afford to do a degree?

Can I afford not to? Do you want a professional career? Do you want to earn a higher salary? Do you want to stretch yourself

intellectually?

““University was the best thing that ever happened to University was the best thing that ever happened to me. . . . . Those four years showed me my own me. . . . . Those four years showed me my own

potential and the opportunities available to me if I work potential and the opportunities available to me if I work hard enoughhard enough””

Ex pupil of Bewdley High School. Marketing DegreeEx pupil of Bewdley High School. Marketing Degree

““Doing a degree gave me loads of confidence- it was Doing a degree gave me loads of confidence- it was the best time of my life. I wanted a job that was the best time of my life. I wanted a job that was challenging, interesting and more importantly, paid challenging, interesting and more importantly, paid well! Without my degree I wouldnwell! Without my degree I wouldn’’t have managed that have managed that!t!””

Ex pupil of Bewdley High School, Psychology DegreeEx pupil of Bewdley High School, Psychology Degree

What is Higher Education? HE colleges and Universities

Over 500 Institutions. Generally students are over 18 and have

already achieved a level 3 qualification. Courses on offer include:

Degree (BA, BSc, BEng) HND (Higher National Diploma) Foundation Degrees

Why apply?

Transferable Transferable SkillsSkills

Improve Career Improve Career Prospects & Prospects &

EarningsEarningsA A ‘‘MUSMUS

TT ’’!!

Intellectual Intellectual DevelopmeDevelopme

ntnt

Life Life ExperienceExperience

Making choices:

What to study

Advice and support

Where to study

What to Study

30,000 courses to choose from!!!

UCAS Website: www.ucas.com

A career choice: long-term

Enjoy what you do!

Advice and Support Tutor Programme Careers Advisor – Sara Flack Eighteen & Beyond 2014 Fortnightly tutorial hour Various Publications - Heap UCAS Website / Uni websites Stamford Test / Fast Tomato thecompleteuniversityguide.co. uk

The UCAS Tariff

Points AS Grade A2 Grade140 A*120 A100 B80 C60 A D50 B40 C E30 D20 E

Where to Study

Will live there for 3 to 6 years! How often do you want to come

home? Transport Links City or Campus Remember, University and place

are not always the same!

Open days!

www.opendays.com

The Application Process Spring/Summer 2014 - Research June 2014 - UCAS Apply registrationwww.ucas.com/apply Sept/Oct 2014 - Online Application Main deadline dates:15th October- deadline for applications to Oxford and

Cambridge and for all applications to medicine, dentistry and veterinary medicine/ science.

October Half Term - Bewdley deadline.15th January- final deadline for all other applications (not

recommended)

Beginning the application Beginning the application process. .process. . Register with UCAS apply on line £23 application fee (5 choices) Personal statement – work with your tutor References Once complete, form is sent electronically

for checking by Director of Learning Sent to UCAS Track your application. Password. Copy of application forwarded to HE

choices.

Financing Higher Education

What will you will need money for? Sources of finance. Paying it back!

Tuition fees - £6000-£9000 per year.

Living costs; Food Transport (including visits home) Books and equipment Accommodation TV License Insurance Other …

Outgoings

Maintenance Grants (non-repayable) Loans

Tuition Fee Loan Maintainance Loan

Bursaries

www.direct.gov.uk/studentfinance

Sources of IncomeSources of Income

Maintenance GrantMaintenance Grant A Grant is a non-repayable payment

based on Household Income.

Household Income Grant

Up to £25,000 £3354

£30,000 £2416

£35,000 £1478

More than £42,611 nil

2013 figures

Loans Tuition Fee Loan – up to £9000 Maintenance Loan -

Home Away London

Max Loan £4375 £5500 £7675

75% (not income assessed)

£3281 £4125 £5756

25% (income assessed)

£1094 £1375 £1919

2013 figures

•Covers exact cost of Fees, directly to Uni

•Variable Interest rates depending on earnings

•Repayable once earning £21,000

•Charged at 9% above threshold£21,500 = £4p/m£24,000 = £23p/m£27,000 = £45p/m

•Cleared after 30 years

Loan repayments

www.glos.ac.uk/moneymatters

www.glos.ac.uk/moneymatters

The Big bucks

2011 Entry 2015 Entry

Tuition Fees £3375 per year £6000-£9000 per year

Repayment threshold £15,000 £21,000

Written off after 25 years 30 years

Repayment amounts £18,000 = £22p/m£20,000 = £37p/m

9% of income over threshold£21,500 = £4p/m£24,000 = £23p/m£27,000 = £45p/m

Interest rate Linked to inflation Variable depending on earnings but is linked to inflation

Loans, Grants & Bursaries

Bursaries and Scholarships Payments from the University

Designed to encourage certain students to study certain courses.

All students on a full Maintenance Grant will receive at least £319 - up to £3150

Various academic scholarships available - depend on grades!

Employer Sponsorship University specific info available at

www.direct.gov.uk/studentfinance

SupportSupport and Guidance (again!)

Tutor Programme Connexions UCAS conference Various Publications UCAS Website / Uni websites University Guides (teaching & research

ratings)

What Parents can do?

Show interest Help with research Ask practical questions Proof read personal statements Go on visits