GUIDE TO UNDERGRADUATE STUDENT FINANCE 2019 - PROSPECTIVE UK/EU STUDENTS - University of Exeter
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GUIDE TO UNDERGRADUATE STUDENT FINANCE 2019 PROSPECTIVE UK/EU STUDENTS
CONTENTS
Tuition fees 2
University of Exeter bursaries 3
Maintenance loans 5
INVESTING IN YOUR FUTURE
Additional financial support 6
Paying back your loans 7
Living expenses – 8
Deciding to go to university is one of the We know that student finance can be
how much will they be?
most important decisions you will ever make confusing. Being an undergraduate student
Frequently asked 12 and we’re delighted you’re thinking about involves two main expenses: tuition fees
questions coming to the University of Exeter. and living costs; however, there is a variety
Useful contacts and back cover of funding and financial help available from
We are committed to attracting the best and
sources of information the Government and universities to pay for
brightest students and providing you with
these. Our aim in this guide is to explain
the support and facilities you will need to
the system as clearly as possible, so you can
realise your potential. As well as investing
make informed choices about your future
in campus-wide developments to provide
and be able to budget effectively.
you with world-class teaching and learning
facilities, we have created a significant number This guide is mainly aimed at students from
of fee waivers and bursaries to complement the UK, or those who are classed as Home
the Government loans that are available. We students (although some information is
believe that financial circumstances should not also relevant to students from the European
prevent anyone from studying and that’s why Union intending to study full-time).
we are spending approximately £6 million on Students who are considering part-time
financial support for students in 2017/18. study should see the back cover for advice
on where to get further information.
Tuition fees for UK and EU students starting
in 2019 have not yet been approved by the
UK Government, but are currently £9,250.
This guide will help to explain all the facts
that you need to know about tuition fees and
the additional support that will be available.
CATHEDRAL CLOSE, EXETER 1
UNIVERSITY OF EXETER
TUITION FEES BURSARIES
Tuition fees for UK and EU students TUITION FEE LOANS We are committed to attracting and
starting in 2019 have not yet been approved As a UK/EU student, you will be able to supporting the most talented students, Receiving the Access
by the UK Government, but are currently irrespective of their financial background.
apply for a loan to cover all your tuition fees to Exeter Bursary has hugely
£9,250. This figure may be subject to small in each year of your degree: We recognise, however, that some students
increments set by the Government each will have concerns about the cost of their enhanced my university
year, and could be subject to change should You will not have to pay for any of your studies and so we provide a bursary scheme. experience. It helps cover the
government policy alter. tuition fees in advance costs of things my student loan
ACCESS TO EXETER BURSARIES
The only exceptions to this are: You will only start repaying the loan can’t quite reach, meaning my
once you’ve graduated and are earning The Access to Exeter Bursary is a guaranteed,
pre-university worries about
B
MBS Medicine: the fee is £9,250 per over £25,000 per year2 non-competitive bursary available to students
year for years one to four. In year five the with a household income below £25,000, money are practically non-
tuition fees will be paid by the NHS1 You apply for your tuition fee loan through which does not have to be paid back. existent. I don’t feel like I’m
Student Finance England (www.gov.uk/
Y
ear Abroad or Year in Industry: if, as Under the scheme we will provide a range missing out or I’m having to
browse/education/student-finance) at the
part of your four-year degree programme, same time as you apply for a maintenance of bursaries depending on your household scrimp and save every penny,
you spend a full academic year studying loan (see page 5). Student Finance England income. The table below shows the as the money I receive from
abroad you will pay a reduced fee of household income thresholds and bursary
£1,385 (or approximately 15 per cent of
pay the tuition fees direct to the university the bursary gives me something
on your behalf. If you are eligible for a tuition amounts for 2018/19 entrants:
the maximum fee for that year). If you to fall back on if I find myself
fee loan, you will receive it regardless of your
spend a full year on a work placement household income. Interest on the loan is Access Access with unexpected expenses. I’m
(in the UK or abroad) you will pay a to Exeter to Exeter
linked to inflation, plus up to three per cent. Household income
Bursary Bursary absolutely loving my time so far at
reduced fee of £1,850 (or 20 per cent
of the maximum fee for that year) This tuition fee loan will then be added
Yr 1 Yr 2 onwards Exeter and having the Access to
to any maintenance loan you take out, Below £16,000 £2,100 £1,550 Exeter Bursary puts my mind at
in terms of repayment. See page 5 for £16,001 to £25,000 £1,050 £1,050 ease to allow me to fully embrace
further information on the maintenance and enjoy my time here.
loan and page 7 for information on You do not have to apply for an Access to
repaying these loans. Exeter Bursary – we will automatically assess Rebecca, studying International Relations
your entitlement based on information about
your household income provided by Student
Finance England. However, we can only
do this if you consent to Student Finance
England sharing your financial details
when you complete your application form.
The Access to Exeter Bursary is available for
each year of your undergraduate study.
1
Assuming current external funding arrangements continue.
2 2
Subject to confirmation from Government. 3
MAINTENANCE LOANS
Apart from taking out a loan to cover tuition A
loan of up to £8,700 will be available
fees, most students also need financial if you live away from home and study
support to help with their living costs. outside London.
Maintenance loans are available from the
Government in addition to any support Household Income Maintenance Loan
eligible students may receive from the £25,000 £8,700
University of Exeter or chosen university. £30,000 £7,452
The figures below relate to proposed financial £40,000 £6,828
support for students who are normally £50,000 £5,579
residents in England and who are starting £60,000 or over £4,331
university in the academic year 2018/19.
Financial support is also available for A
larger loan of up to £11,354 will be
students from Northern Ireland, Scotland available if you live away from home
and Wales and also other EU countries; for and study in London
further details visit the Student Finance
website at www.gov.uk/student-finance A
loan of up to £7,324 for students
living at home1
If you are a full-time UK student, you will
be able to apply for a loan to assist with your Student Finance England will pay your loan
living costs such as food, accommodation straight into your bank or building society
and travel in each year of your degree. The account in three instalments – one at the
amount you will be entitled to depends on start of each term.
your household income.
44 THE FORUM, STREATHAM CAMPUS 1
A loan of up to £9,654 will be available if you spend a year of a UK course studying abroad. 5
ADDITIONAL
FINANCIAL SUPPORT
FULL-TIME STUDENTS WITH OTHER GRANTS FOR SPECIFIC This financial support includes: income. You are eligible to be considered as an
DEPENDANTS CIRCUMSTANCES estranged student if you have not had contact
A full fee waiver for all years of study
with your parents for at least 12 months and
If you are a full-time student with children Some groups of students may be able to get
O
pportunity to apply for the Access to your estrangement is irreconcilable.
or adult dependants you may qualify for additional, non-repayable grants from the
Exeter Bursary
extra help. Non-repayable funding sources Government. Additional grants are available The University supports estranged students
(2018/19 figures) that are dependent on in the form of the following: O
pportunity to apply for the Unite with both financial and pastoral support.
household income include: Foundation Scholarship – this scholarship
Disabled Students’ Allowance – this This financial support includes:
provides free accommodation for three
C
hildcare Grant – up to 85 per cent help is not means-tested and is intended
years of UG study in a designated Unite O
pportunity to apply for the Access to
of childcare costs per week, up to a to help towards additional support you
Students property. Exeter Bursary
maximum of £164.70 for parents may need because of a disability. This is
with one child or £282.36 for parents paid on top of your other student finance C
are Leavers Bursary – the bursary O
pportunity to apply for the Unite
with two or more children and does not need to be repaid. Further amount is not fixed but is intended to help Foundation Scholarship – this scholarship
information can be found at www.gov.uk/ with the cost of accommodation during provides free accommodation for three
P
arents’ Learning Allowance – the summer vacation period. years of UG study in a designated Unite
disabled-students-allowances-dsas
up to £1,669 per year towards Students property.
course-related costs Hardship Funding – provides help for Please see our website for full details
E
stranged student bursary – the bursary
students in hardship who may need extra www.exeter.ac.uk/students/finance/
A
dult Dependants Grant – up to amount is not fixed but is intended to help
financial support for their degree and to studentfunding/fundingforcareleavers
£2,925 per year if you have a financially- with the cost of accommodation during
stay in Higher Education the summer vacation period.
dependant partner or other adult SUPPORT FOR ESTRANGED
STUDENTS Independent advice on funding is available
You should be aware that if you are claiming SUPPORT FOR CARE LEAVERS
from the Students’ Guild Advice Unit, visit
benefits, your eligibility for a maintenance If you are aged under 25 and indicate on If you are not supported by your family
www.exeterguild.org/advice
loan (whether you take it or not) and some your UCAS form that you are a care leaver, (estranged) you can ask to be assessed by
student grants may be counted as income we will contact you for further information Student Finance as an Independent student
by the job centre and housing benefits and be assessed on your own household
and let you know about the financial and
office. Further information on these grants, pastoral support that we offer to care leavers.
including eligibility criteria, can be found
at www.gov.uk/student-finance Care leavers are usually classified as
independent students and would therefore
qualify for the maximum levels of
PAYING BACK YOUR LOANS
government and institutional financial You’ll only start making repayments when If your salary falls below £25,000, your
support. your income is over the UK repayment repayments will stop – for example if you take
threshold, which is currently £21,000 a year. a career break or are unemployed. Repayments
The repayment threshold is expected to only start again when you earn over £25,000.
change to £25,000*. The loan repayments will be deducted from
your salary, normally through the tax system.
When you are earning over £25,000 per
year you will only repay a small proportion
6 7
of your income above £25,000. 1
Subject to confirmation from Government.LIVING EXPENSES –
HOW MUCH WILL THEY BE?
Your living expenses will mainly include fewer weeks but have to clear out your room Try to organise a menu for a week and advantage of special discounts for students
accommodation (unless you are living during the holidays); whilst self-catered write a shopping list to ensure that you only on trains and coaches, and book trips as far
rent-free at home), food, entertainment University accommodation contracts are purchase the food you will use. If you’re in in advance as possible, so you can get the
and books. Other living costs will depend generally for 40 or 44 weeks per year (which self-catered accommodation it’s cost effective cheapest fares. If you own a car, consider
on your lifestyle. means you don’t have to clear out your room to shop, cook and eat in a group as sharing whether you need a car at university at all –
during Christmas and Easter holidays but the cooking will save you money and time parking on campus is severely restricted and
HOW CAN I BUDGET FOR MY you are paying for it when you may not be and can be a lot more fun. the costs of running a car are high. All our
LIVING COSTS? there). In private sector accommodation, campuses have excellent facilities for cyclists,
rents in 2017 were in the region of £85-160 Course costs
Step 1: Incoming budget – Start by so bringing a bicycle is a great idea to keep
per week, plus a deposit of around £400 Some courses require you to buy more books
working out an overall incoming budget. travel costs down.
per person. For up-to-date information on and materials than others and some may
Add together how much money you will require you to take part in field trips or buy Leisure and sports
accommodation costs go to www.exeter.
receive from loans, bursaries and any other special equipment such as lab coats. At the Consider club and society membership costs,
ac.uk/accommodation
sources of funding, such as savings or University of Exeter essential health and gym membership and whether you’ll need to
parental contributions. Bills safety equipment and the cost of compulsory hire equipment or pay for extras.
In University accommodation, rents include field trips will be covered by your tuition fees.
Step 2: Outgoings budget – Make a all utility bills and contents insurance cover Social life and entertainment
Your academic department will be able to
list of the things you will need and want to There is so much to do while you’re a
for the room. In private accommodation, provide a guide to the costs you can expect
spend money on. These generally include: student and not all of it costs a lot! Our
gas, electricity, water, telephone, TV licence, for other field trips and special equipment
Accommodation insurance and broadband costs all need to Students’ Guild provides fantastic subsidised
and some provide bursaries towards the costs
Accommodation will normally be your be taken into consideration. entertainment but costs can still mount up
of these. Forward planning, second-hand
largest expenditure. In 2017/18 the average if you go out often. Make sure that you are
book sales and good use of the library can
Food realistic about how much you might need
cost of accommodation in catered University save money.
While catered accommodation is great and how much you can afford to spend, then
halls (where breakfast and dinner are
for those who don’t want to have to cook Travel costs stick to your budget.
provided daily) was £209 per week, and in
for themselves (although you will still At the University of Exeter, our
self-catered University accommodation it Other expenses
need to think of lunches), self-catered accommodation is either on the campuses or
was £140 per week (depending on the type You also need to consider other necessities
accommodation offers the flexibility to cook within walking distance, so you won’t have
of room). It may seem that this makes self- such as clothing, toiletries, haircuts and
all meals for yourself. However, costs can to spend money on transport to and from
catered much cheaper, but you should bear in extras including telephone (including mobile
mount up if you don’t plan ahead, and relying campus. All of our campuses are also within
mind that catered accommodation contracts contract), internet and a TV licence.
on takeaways or ready-meals is expensive. walking distance (or short bus journeys)
are for 32 weeks of the year (so you pay for
of stations, shops and entertainment. Take
8 9Step 3: Balance the books – Once your disposable income. Additional income EXAMPLE EXPENDITURE
you’ve got a general idea of how much sources include savings, extra parental
income you’ll have and how much your contributions and interest-free bank Student A – living in catered accommodation
living costs will be, you’ll be able to work overdrafts. If your outgoings exceed what Catered accommodation for students based in Exeter 2017/18
out how much you need to spend each is coming in, it is probably worth thinking (term-time costs only – 32 weeks per year)
week or month, whether your income will about getting a sensible level of part-time
Accommodation Average £209 per week for 32 weeks £6,685
cover this and whether there is any shortfall. work to help bridge the gap. Vacation work
Books and equipment £300
Working out how much you will need to is also a good option as you can supplement
live on is an important calculation to make your term-time expenses. Food – lunches, coffees, etc Approx £20 per week for 32 weeks £640
before university starts. It is worth thinking Clubs and societies £300
Part-time work
about how this breaks down week by week, Clothing £250
Most students supplement their grants and
particularly as student finance/funding tends TV licence £145
loans by working part-time. The maximum
to be paid on a termly basis, and you will
recommended is 10-15 hours during term- Travel home £200
need to make your loan stretch until the next
time, and the National Minimum Wage for Toiletries and haircuts £150
term begins.
people aged 18-20 is £5.60 per hour (£7.05 Telephone and internet £250
Most students will find that expenditure for ages 21-24).1 The Career Zone on the
Social life Approx £35 per week £1,120
exceeds income and so you’ll need to find Streatham Campus in Exeter is there to
help students find part-time jobs and the House deposit for next year £400
ways of saving money and/or increasing
Careers Service at the Penryn Campus offers TOTAL £10,450
a similar service for Cornwall-based students.
Student B – living in University self-catered accommodation
Self-catered accommodation for students based in Exeter 2017/18
(term-time costs only – NB generally, rent is payable for 40/44 weeks of the year)
Accommodation Average £140 per week for 40 weeks £5,600
Books and equipment £300
Food – all food Approx £35 per week for 32 weeks £1,120
Clubs and societies £300
Clothing £250
TV licence £145
Travel home £200
Toiletries and haircuts £150
Telephone and internet £250
Social life Approx £35 per week £1,120
House deposit for next year £400
TOTAL £9,855
NOTE: These examples are intended to demonstrate costs of living at university during term-time only. It assumes that
you will be supported by your parents, or by other means, during holidays. Rents are reviewed annually and details for
September 2018 will be available in March 2018.
10 THE RAM, STREATHAM CAMPUS 1
The National Minimum Wage figures as of January 2018. 11FREQUENTLY ASKED QUESTIONS
What help is available for mature or How much will I have to pay if I choose
part-time students? a degree which includes a year abroad
Part-time students will still have to pay or a year-long industrial placement?
tuition fees on a pro-rata basis but can also Students enrolling in four-year programmes
apply for a tuition fee loan to cover their involving a year-long work placement will
tuition costs, again on a pro-rata basis. To pay £1,850 (or 20 per cent of the fee for
be eligible for a tuition fee loan, this must that year) and students studying abroad will
generally be the first time you’ve studied pay £1,385 (or 15 per cent of the fee for
on a Higher Education degree and you that year) during their year away from the
must complete a minimum of 25 per cent University instead of the full annual tuition
of the equivalent full-time course load per fee. These reduced fees will be used to
year. We know that part-time and mature cover the costs of administration, and
students often have more complex financial preparing and supporting students during
queries that they need to discuss before their year away.
they make the decision to go to university.
How much will I have to pay if
Prospective students can access impartial
I choose a degree which includes
advice from the Students’ Guild Advice Unit. a semester abroad?
You can telephone them on 01392 723520 If you are studying abroad for a semester you
to make an appointment, email them at will pay the standard tuition
studentadvice@exeter.ac.uk or visit their fee for the year in which you are away.
website www.exeterguild.org/advice
My degree involves a lot of fieldwork.
What are you doing to support students Will I be expected to pay extra for this?
from lower income households?
Your tuition fee will cover the cost of
We are committed to ensuring that high
participation in compulsory field trips,
achieving students will be able to study for
although you may be required to pay a
an undergraduate degree at the University
contribution depending on your choice of
of Exeter irrespective of their financial
field location. If you choose to participate
background. In 2017/18 we intend to spend
in additional, optional field trips or
approximately £6 million on financial
fieldwork, you may be expected to
support for around one third of our UK/
contribute to costs. Bursaries will be
EU students beginning their studies in that
available to help eligible students pay
academic year. In addition we intend to
for these additional optional costs.
spend £6 million on activities that support
access, student success and progression to
raise aspirations and encourage students to
enter and remain in Higher Education.
12 PENRYN CAMPUS LIBRARY 13
9exeteruni
uniofexeter
uniofexeter
Useful contacts
For more information on financial help For independent advice about finance contact:
available to undergraduate students visit:
Students’ Guild Advice Unit
www.gov.uk/student-finance and
(Exeter campuses)
www.exeter.ac.uk/funding
Phone: +44 (0)1392 723520
Email: studentadvice@exeter.ac.uk
For information on student finance
Visit: www.exeterguild.org/advice
at the University of Exeter:
Phone: 0300 555 0444 FXU Advice Service (Penryn Campus)
Email: sid@exeter.ac.uk Phone: +44 (0)1326 370447
Visit: www.exeter.ac.uk/students/finance Email: advice@fxu.org.uk
Visit: www.fxu.org.uk
This document forms part of the University’s Undergraduate Prospectus. Every effort
has been made to ensure that the information contained in the Prospectus is correct at
the time of going to print. The University will endeavour to deliver programmes and
FSC -
other services in accordance with the descriptions provided on the website and in this
booklet. Full terms and conditions can be found at www.exeter.ac.uk/undergraduate/
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