Study

Funding and finance

We can help!

Contact the team to request a speaker or student ambassdors.

As a school you might be reluctant to offer advice on Higher Education finance as the area is complex and ever changing, and much of the application for a students funding relies on sensitive information such as parental income.

As specialist admissions and Higher Education funding advisers we will support parents evenings and student sessions whenever possible.

Our focus will be on putting the Government funding package into the context of the whole application and transition to University for years 12/13.

Teaching resources

If you want to lead a session in school or college Student Finance England also provide teaching resources such as leaflets, presentations and films.

You should also review guidance provided by the Student Loans Company.

The student calculator is also an excellent resource and has guidelines for use in sessions by teachers.

Here are some tips and links to resources for schools to share with students and their families:

Resources for parents

For a thorough overview of student funding, the Independent Task Force on Student Finance guides, films and the loan repayment calculator can be found on our prospective student pages.

During the application process parents will need to provide information about their household income. The gov.uk website has more information about household income rules.

Top tips to give to parents:

  • fees may be less of an issue than you think but living costs support needs some careful planning. Unless your income assessment qualifies your son or daughter for a full grant and loan the budget may very well need some, possibly significant, topping up
  • income assessment is based on last full tax year, if this doesn’t reflect your current situation there is an extra stage to the application and possibly more evidence to provide. Keep all your P60s and statements that relate to any taxable income
  • an income assessed application for government students support is essential to access any University income assessed fee waivers, bursaries and possibly scholarships.

Resources for students

Students will benefit from working with their parents on the application process but they also need to think about how they will manage their own budget so planning with the student calculator can help.

For an independent view and some extra tips students could visit the student advice section on money saving expert.

Top tips to tell students:

  • the UCAS application is your number one priority early in Year 13, the finance application follows later but you don’t need to wait until you have committed to one university
  • learn some money management skills e.g. online grocery shopping to help budget and use your student discount wherever you can. NUS-Extra offers student discount at a large number of organisations
  • your first student maintaince loan/grant instalment may be a temptingly large sum of money, but remember it has to last until the next one and cover all your living and study costs (except tuition fees).