Download - Greenshaw HE advice
Welcome to Yr 13 Higher Education
EveningThursday 24th June
Reasons to consider university…
• Employability.. and greater adaptability• Greater earnings (research shows that
graduates earn over £400,000 more than non-graduates on average)
• Relatively low cost (£22p/w on £18,000 p/a)• Life and academic development
The current situation
• The recession has made the job market more competitive.
• The agreed cap on tuition fees has been lifted: we cannot guarantee these in the future.
• It can be argued that uni is a bad idea as having more debt right now is not wise.
• It can be argued that uni is a great idea as the jobs market will be more competitive.
How to make choices
• Course first, university second• Use online tools such as ukcoursefinder.com
or Stamford test• Speak to friends, teachers and use the web• Go to Open Days at the universities of interest
The 5 sections of the application
• Personal details• Additional Information• Choices• Employment• Personal Statement
Personal statement
• A 4,000 character ‘covering letter’• It enables students space to explore why they
have chosen that degree, and…• The skills they have already acquired• All students aiming for university will have
completed a draft PS for their tutor before the end of Year 12
Finance• All students will leave university with a debt – FACT:
but here are different forms of debt• ‘Good debt’ is inexpensive and an investment in
something long term (like a mortgage)• ‘Bad debt’ might be expensive APR and be used for
items that don’t appreciate (like a car loan)• University is an investment in your future.• Financial support is available to all students.
What will I pay for?
• There are two types of costs associated with going to university: tuition fees; living costs
• For 2010 / 2011 universities can charge up to £3,290 for full-time fees. All students receive a loan for this – not means tested.
Maintenance Loans
2010 / 11MAXIMUM
ENTITLEMENT
Living away from home in London
£6,928
Living away from home outside
London
£4,950
Living at home £3,838
Paying back?
• Study first, then pay back when earning over £15,000 p/a.
• You pay back 9% of your salary over £15,000. For example, if you are earning £18,000 you pay back £5.19pw.
• Loans do incur interest, but are lower than the high-street banks. The rate has been frozen at 0% until Aug 2010.
Grants
Level of Grant
£2,906
Partial grant between £2,906 & £50
Nil
Household Income
Up to £25,001
From £25,001 to
£50,020
£50,020 or above
Bursaries
• Every University has an amount of money they can award each year as non-repayable bursaries.
• Each University sets its own criteria for these, but can be over £1,000 per year
The next steps
•Personal Statement support now
•Open Days from now onwards
•An allocated UCAS mentor in September
•1st September we prioritise applicants
•First come first served basis
Any queries?
If you are a parent or student currently in Year 12 at Greenshaw and have any queries about Higher Education then
please contact me by e-mail at [email protected].