Full-time undergraduate UK/EU students starting in 2012
If you are a UK or EU student starting in 2012, student tuition fee levels will change significantly. This follows major changes by the government in funding for all higher education institutions in England. If you are confused by what this will mean for you personally, don't worry, we have created guidance below to explain how these changes will affect you.
Changes To Tuition Fees From September 2012
The government has announced major changes in
funding for all higher education institutions (HEIs) in England
from 2012, which removed the cap on fees that HEIs could charge and
shifted the burden of funding HEIs from the state to the
individual.
This has meant that HEIs have had to increase
student fees in order to help cover the cost of their courses.
Although they can set the cost of each course individually, most
HEIs, including Trinity Laban Conservatoire of Music and
Dance, are charging the maximum fee of £9,000 per
year.
Why Are We Charging £9,000?
To continue offering high quality, intensive and
specialist training, as well as dedicated facilities in music and
dance, we need to set the annual fee level at £9,000. In addition
to the fees we receive, Trinity Laban will further subsidise our
students' training and education to ensure that we continue to
provide the exceptional experience that Trinity Laban is known
for.
The government will loan eligible students the full amount
through the Student Loans Company, which will
pay the fee for your course directly to Trinity Laban.
You will only begin to repay this loan once
you have finished your course and are earning more than £21,000 a
year (under the current system, repayments begin once you are
earning more than £15,000 a year).
Facts at a Glance
- You are entitled to a loan
to cover the cost of your tuition fees.
- You are not expected to
pay your fees upfront.
- Repayments begin once you
are earning more than £21,000 a year.
- If your salary falls below
£21, 000, your repayments will stop ie, if you take a career break
or are unemployed.
- Loan repayment time has
been increased from 25 to 30 years, after which the remaining
amount is written off.
- Student loans DO NOT go on
credit files.
- Your student loan is
unlikely to impact on your ability to get a mortgage.
To find out more about these benefits and whether you are
eligible for a loan contact the Student Loans
Company.
How Much Will I Have to Repay Per Month Once My Income Is More
Than £21,000 a Year?
You will have to contribute 9%
of any income you earn above a £21,000 per year threshold towards
the repayment of your loan.
This would mean, for example,
that if you earned £25,000 a year, your loan repayments would be
based upon the £4,000 you earned above the £21,000 point.
Repayments in this case would equate to around £30 per
month.
Calculate Your Loan Repayments
Get an estimate of what your loan repayments would be
and for how long using the DirectGov loan repayment calculator.
Is Financial Support Available?
The support you may be eligible for depends on your individual
circumstances, as well as the type of course you are on.
- To benefit from financial support this must be your first
(undergraduate) degree and you must be a UK/EU national.
- Funds from the National Scholarship Programme will be available
to provide support to students from lower-income backgrounds.
Further details on this will be announced.
- If your household income is less than £25,000 per year, you may
receive an annual government grant of up to £3,250 to help with
living costs such as food, accommodation and travel. If you are
eligible, you won't have to pay this money back.
- Loans for living costs will be available for eligible full-time
students.
Financial Support From Trinity Laban
Trinity Laban will continue to offer financial support to
students through schemes such as scholarships, bursaries and other
types of support to enable all students wishing to study here,
regardless of financial circumstances, to access their course.
Institutions like ours that wish to charge fees of more than
£6,000 per year, have satisfied the government that we are offering
a package of support to help students from poorer-income groups who
want to enter higher education. Further details will be
announced in the coming months.
Trinity Laban Access Agreement
Higher Education Institutions wishing to
charge tuition fees of more than £6,000 per year have had to commit
to an Access Agreement negotiated with the Office for Fair Access (OFFA)
which sets out measures they will take to promote access to higher
education for students from a wide range of social backgrounds. See
Trinity Laban's Access Agreement.
More Information
Watch this short film for an overview of the fee changes and
effects:
More information from the government about possible financial
support and the benefits of higher education:
Contact us if you have any further
queries.
This page was updated on: 10/05/2012
