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Free Teachers' Guide Student Finance 2014 - how it works plans

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The radical overhaul to English student finance in 2012 caused myths, panic and confusion. With headlines still screaming about graduates lumbered with £50,000 debt, many sixth-formers would be forgiven for being scared. Yet this new free 'How to answer questions about student finance 2014' teachers' booklet is here to help.

The guide is provided by MoneySavingExpert.com and Universities UK and is crucial reading for anyone considering going to uni in 2014.

Teachers / Parents / Universities:

Feel free to print and distribute this guide. Also see the free teachers' uni fees booklet.




Watch or listen to the audio and video guides

Click the button to see each of the video and audio guides...

What's in the booklet

picture of piggy bank and calculator

Introduction

You’ve done your job helping your students pick the right exams, and you’re hoping they'll get the best results they can. But there is another hurdle for teachers with students wanting to go to university – the increase in tuition fees.

1. Can students still afford to go to uni?

The maximum loan combining tuition fees and maintenance is £16,751 a year, or £50,000 over a three-year course – a scary sum. Yet that figure is mostly meaningless; student loans are one of the very few areas where the price tag bears little resemblance to the real cost.

2. Loans, grants and bursaries

There's a range of financial support out there for those wanting to go into higher education. This falls into two main categories: Government support and direct money from universities and colleges. The amounts available often depend on household income (usually the parents' income, but it can be the students' in some circumstances).

3. How much will they need to repay?

Students starting at English universities in 2014 could graduate with loans of anything up to £50,000 if they take both tuition fee loans and maintenance loans. However, no matter how much they take out in loans, they’ll pay the same back each month.

4. How much will it actually cost?

This is the crucial question and it's one of the many fears that are unnecessarily putting students off going to university. The actual answer is different for everyone, but this section contains three points to help you explain it.

5. Student questions and answers

Important questions that students may ask and how to answer them, including "Why has the system changed?" and "Is university worth the cost?".

Further reading

A list of key contacts to help with all aspects of student finance.

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