For further information about student finance and completing
your application for funding, contact the relevant student finance
body for your area:
Information for Students who Normally Live in
Wales
If you normally live in Wales and either stay in Wales to study
or decide to go elsewhere in the UK to study, you will only need to
pay £3,465 towards your fees. This cost can be met via a tuition
fee loan from Student Finance Wales and will be paid direct to the
college. Information about repaying this loan is below. The
remaining balance of £5,535 will be covered by the Welsh Assembly
Government in the form of a tuition fee grant. You will not have to
pay this grant back and it is not means tested.
Once you have graduated and are earning £21,000 per year, you
will start to repay any loan you have taken out for tuition fees.
Each year, you will pay nine per cent of any income over and above
£21,000. So if your salary is £25,000, you will pay nine per cent
of £4,000, which equates to £30 a month. Repayments are normally
taken automatically from your salary along with tax and National
Insurance. If you are earning less than £21,000 per year, or if at
any point your income falls below £21,000, your repayment will be
suspended and will recommence when you reach this amount.
Information on financial help to cover living costs can found
towards the bottom of this page.
For further information, contact:
Student Finance Wales
http://www.studentfinancewales.co.uk/
Tel: 08456 02 88 45
Student Finance Wales will open on the 21st March 2012 for new
applications from students starting studying in September 2012. The
deadline for submitting an application is 4th May 2012.
Student Finance Wales - frequently asked questions
Student Finance Wales -
thinking of going to university in 2012/13
Information for Students who Normally Live in
England
If you normally live in England and decide to study in Wales, it
is expected that you will need to meet the full cost of the tuition
fees with a tuition fee loan from the Student Loan Company which
will paid direct to the college. You will need to start repaying
this loan once you have graduated and are earning £21,000 or more
per year. Each year, you will pay nine per cent of any income over
and above £21,000. So if your salary is £25,000, you will pay nine
per cent of £4,000, which equates to £30 a month. Repayments are
normally taken automatically from your salary along with tax and
National Insurance. If you are earning less than £21,000 per year,
or if at any point your income falls below £21,000, your repayment
will be suspended and will recommence when you reach this
amount.
You can contact Student Finance England for details about
the exact student finance arrangements that will apply to you:
www.direct.gov.uk/studentfinance
Tel: 0845 300 5090
To find out what funding is available, you can get a
personalised quote using the student finance calculator at:
www.direct.gov.uk/studentfinancecalculator
For latest news and updates follow Student Finance England on
Facebook and Twitter:
www.facebook.com/SFEngland
twitter.com/sf_england
Student Finance England is now open for new students, you can
apply online at www.direct.gov.uk/studentfinance.
The deadline for submitting an application is
31 May 2012.
Information for Students who Normally Live in
Scotland or Northern Ireland
If you normally live in Scotland/Northern Ireland and decide to
study in Wales, it is expected that you will need to meet the full
cost of the tuition fees with a tuition fee loan from the Student
Loan Company which will paid direct to your college or university.
You will need to start repaying this loan once you have graduated
and are earning £15,795 or more per year. Each year, you will pay
nine per cent of any income over and above £15,795. So if your
annual salary is £21,000, you will pay nine per cent of your annual
income over £15,795, which equates to £39 a month. Repayments are
normally taken automatically from your salary with tax and National
Insurance. If you earn less than £15,795 per year you will not make
any repayments.
You can contact your student loan company for details about
the exact student finance arrangements that will apply to you:
Student Finance Northern Ireland
http://www.studentfinanceni.co.uk/
Tel: 0845 600 0662
Student Finance Northern Ireland will open during the last week
of March 2012 for new applications from students starting studying
in September 2012.
Student Finance Scotland
http://www.saas.gov.uk/
Tel: 0845 111 0243
Living Costs
All full time undergraduate students, regardless of their area
of domicile, will be entitled to apply for a loan for living costs
(which is repayable) and a means-tested living cost grant (which is
not repayable) to help with living costs. Both are paid directly
into your bank account at the start of each term, once you have
enrolled on your course.
Further Information
Martin Lewis,
moneysavingexpert.com