Fees & Funding
Part Time Undergraduate Fees & Funding 2012-13
How much will my course cost?
Part time undergraduate courses are priced by module, please
visit the Main
Finance Office website for prices.
Could I be entitled to Government support towards my
fees?
Government changes from September 2012 resulted in new eligible
part-time students being able to apply for a government loan to
cover their tuition fees. If you are eligible, you can borrow up to
£6,750 per year to cover your tuition fees.
To be eligible, you must study a minimum of 25% of the full-time
equivalent course. You must also normally live in England,
meet all the regulations to qualify for student
finance and be studying for your first degree.
Source: www.gov.uk/studentfinance
Could I be entitled to Government support towards my
living cost?
Unfortunately, part-time students cannot apply for a Maintenance
Grant or Maintenance Loan towards their living costs.
Source: www.gov.uk/studentfinance
How do I apply for the Tuition Fee Loan?
IMPORTANT: We do advise that
you apply for your Tuition Fee Loan as soon as
possible so that your loan will be fully processed by your
funding body ie Student Finance England and be in place by
the time you start your course or early in your first semester.
The form you will need to fill in is called a PTL1 Form
and this will be available from early August 2012 from
www.gov.uk/studentfinance
What do I do with my part time form once it is completed?
Once you have filled out the form you will need to send this
recorded delivery to your funding body i.e. Student Finance
England.
Is there any support towards childcare available?
Unfortunately not. There is however a Nursery onsite that
does offer a 10% discount to all eligible students http://www.knurseries.com/
When do I start repaying my tuition fee loan?
You only start to repay your loan from the April four years
after your course started - or the April after you leave your
studies, whichever is sooner - and then only if you are earning
over £21,000 per year.
Do I pay interest on my loan?
Yes, you are charged interest on your loan from the day your
first payment is made until you pay your loan back in full.
How much will I need to repay?
|
Income each year before tax
|
Monthly Salary
|
Monthly repayment
|
|
£21,000
|
£1,750
|
£0
|
|
£24,000
|
£2,000
|
£22
|
|
£27,000
|
£2,250
|
£45
|
|
£30,000
|
£2,500
|
£67
|
|
£33,000
|
£2,750
|
£90
|
|
£36,000
|
£3,000
|
£112
|
Once you earn over the threshold, you will pay
9% on everything you earn over this amount. If your income drops
below £21,000, all repayments will automatically stop.
If you're still feeling confused...
We're always here to help! Just contact the
Student Funding Advice Team
T: 01904 876939
E: fundingadvice@yorksj.ac.uk