The Outreach and Partnerships Team

For full information on student finance including bursaries and the national scholarship programme etc, please click here.

Additional Finance Information

CCCU Student Finance Information - Here you can find a leaflet giving information CCCU has put together to help potential students understand the changes to student finance from 2012.

In addition, Martin Lewis founder of the Money Saving Expert consumer website, broadcaster and journalist, has several sources of information that will be useful to potential students.  The first is the Independent Taskforce on Student Finance Information which has lots of facts including video presentations and guides for students, parents and teachers.  The Money Saving Expert also features plenty of information for potential higher education students including a Student Loan Calculator which estimates payments based on predicted income on graduation.  There is also the Direct Gov, Your Future website which again features a full length video featuring Martin Lewis.  It also has many answers to frequently asked questions regarding the new fee regime which we think you will find helpful. 

Some key points:

• Fees do not have to be paid up front.
• All students can apply for a maintenance loan to go towards their living costs.  The amount varies depending on household income.
• You will not pay anything until you are earning £21,000.
• You will pay 9% of any additional income over £21,000.
• If your salary falls below £21,000 your payments will stop.
• The payments for your loan will be made by your employer and deducted from your wages automatically, rather like tax and national insurance (unless you are self-employed in which case, you will have to pay the HMRC directly via self assessment).
• If you are earning £25,000, payments will be approximately £30 per month (around the cost of a mobile phone contract).
• The loan is written off after 30 years.
• You will pay interest on your loan as soon as you take it out at a rate of 3%.
• Payments will be kept in line with inflation.
• If you don't complete your course, you will still have to make payments for what you owe, up until the point you withdrew from your course, should you earn more than £21,000.
• Student loans will not show on your credit file (your student loan is unlikely to be taken into consideration when negotiating a mortgage, for example).
• Finally, there will be bursaries, scholarships and other support available to those who are eligible.

Questions?

If you have any questions regarding student fees as of 2012, please contact us.  You can also ring Jacey Jonnson directly on 01227 782461 to discuss any finance queries.