Student Finance For Dummies, UK Edition E-Book

Phil Davis

• Herausgeber: John Wiley & Sons
• Kategorie: Bildung
• Sprache: Englisch

Seitenzahl: 477

Veröffentlichungsjahr: 2015

Beschreibung

Your guide to financing a university education

Navigating the intricacies of financing a UK education can make even the most composed parents and students lose their cool. Luckily, Student Financing For Dummies helps take some of the pain out of the struggle and offers everything you need—in one place—to put a money management plan in place and finance a university education. Packed with accessible guidance from authors throughout the UK who work with students and policy experts, it provides unique, sound and detailed financial advice to help students and their families manage money while at school.

Taking the guesswork out of the student-finance process and saving you countless hours of searching on the Internet, this friendly, plain-English guide helps you navigate applying for student finance, student loans and grants, makes sense of subject-specific income like the NHS, Teacher Training and Social Work and more. And after the money is in place, you'll discover how to establish a financial plan to make sure the money lasts—from term to term and through the entire time at uni.

• Covers student finance in England, Wales, Scotland and Northern Ireland
• Provides all the options for obtaining finance, loans and more
• Gives students and parents tips on which credit options to watch out for
• Offers expert advice on ongoing student finance support, managing income and expenditure and working during study

Take the worry out of financing your education and focus on your studies with the help of Student Finance For Dummies.

Leseprobe

Student Finance For Dummies®Published by: John Wiley & Sons, Ltd., The Atrium, Southern Gate, Chichester,www.wiley.com

This edition first published 2016

© 2016 by John Wiley & Sons, Ltd., Chichester, West Sussex

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ISBN 978-1-119-07585-1 (pbk); ISBN 978-1-119-07587-5 (ebk); ISBN 978-1-119-07586-8 (ebk)

Student Finance For Dummies®

Visit www.dummies.com/extras/studentfinanceuk to view this book's cheat sheet.

Table of Contents

Cover

Introduction

About This Book

Foolish Assumptions

Icons Used in This Book

Beyond the Book

Where to Go from Here

Part I: Wading into the Funding Pool

Chapter 1: Who Needs Student Finance?

Paying for Your Education and Making It Pay

Building Your Funding Vocabulary

Getting Funds from the Government

Tapping into Other Sources of Funds

Paying it Back

Looking after Your Money

Chapter 2: Putting the Pounds in Place: Planning

Planning Before You Start

Following a Timeline

Looking Ahead to University Days

Part II: Applying for Government (Statutory) Funds

Chapter 3: Taking the First Steps

Determining Your Eligibility

Financing Your Tuition Fees

Financing Your Living Costs (Maintenance)

Chapter 4: Filling it in: The Application in Detail

Making an Application

Getting Additional Evidence for Your Application

Deciding What to Apply For

The Application Form

Troubleshooting Your Application

Taking the Next Steps

Applying for Future Years

Getting Some Money Even if it Isn’t All You Should Get

Checking If Your Money Is Late

Deciding What To Do when Your Circumstances Change

Chapter 5: Exploring Student Loans

Tuition Fee Loans

Maintenance Loans

Long Courses Loans

Getting Your Hands on the Money

Repayments

Getting Interested in Interest

Chapter 6: Being Granted a Grant

Reviewing the Available Grants

How the Money Is Paid

Part III: Government Funds for Specific Students

Chapter 7: Turning to the NHS

Checking Eligibility for Funding for NHS Courses

Getting Funding for NHS Courses

Applying for Funding for NHS Courses

Chapter 8: Teachers Needed, Funds Available!

Funding for Initial Teacher Training Courses

Eligibility for Funding

Applying for Funding for Teaching Courses

Chapter 9: Finding Funds for Social Work

Courses Attracting Social Work Funding

Assessing Eligibility for Social Work Funding

Applying for Social Work Funding

Chapter 10: Financing Studies After Your First Qualification

Financing a Second Degree

Returning to Study For an Honours Degree

Returning to a Non-Completed Course

Improving Your Qualification

Financing Postgraduate Courses

Part IV: Finding Financing from Other (Non-Statutory) Sources

Chapter 11: Finance From Universities

Finding a Bursary

Finding Out More About University Finance

Studying Scholarships

Delving into Discretionary Hardship Funds

Chapter 12: Trying Out Educational Trusts and Charities

Knowing the Basics of Trusts and Charities

Checking Eligibility for Trusts and Charities

Figuring Out What Funding is Available

Finding Out More

Chapter 13: Professional and Career Development Loans

What You Need to Know

Applying for a PCDL

Eligibility for a PCDL

Dealing with the Bank

Understanding the Differences Between PCDLs and Student Loans

Finding Out Where to Get More Information

Chapter 14: Students and the Welfare System

Understanding Student Finance and Welfare Benefits

Looking into Non Student-specific Benefits

Knowing About Other Benefits

Finding Out More

Part V: Managing Money and Maximising Income at University

Chapter 15: Getting to Know Your Money

Counting Out Your Budget

Adding Up Your Income

Understanding Expenditure

Where to Seek Budgeting Advice

Chapter 16: Making the Most of Your Money

Spending Money on Essentials and Non-Essentials

Finding Ways to Reduce Spending on Essentials

Managing Non-Priority Costs

Seeking More Advice

Chapter 17: Maximising Your Income

Ensuring That Your Assessment is Correct

Finding Additional Money to Apply For

Working During Study

Reviewing Options that Work for You

Chapter 18: The Credit Chapter (You knew it was coming …)

Deciding What to Do about Credit

Separating the Good from the Bad

Tracking Down Sources of Credit

Knowing What to Do about Debt

Using Debt Strategies

Part VI: The Part of Tens

Chapter 19: Ten Do’s and Don’ts when Applying for Student Finance

Apply OnLine

Apply Before Your Final Decision on Course/University

Apply Even if You Think You Don’t Qualify

Check the Eligibility Requirements

Apply For Income-Assessed Loans and Grants

Don’t Leave it Too Late

Do Check Correspondence for Accuracy

Don’t Forget to Check You Have Completed All You Need To

Don’t Assume Things Are OK if You Don’t Hear Anything

Do Contact Your University to Check Your Entitlement

Chapter 20: Ten Tips to Make Your Money Last

Drawing Up a Budget

Resisting Temptation

Finding Ways to Save Money

Choosing the Best Time to Start Spending

Taking Advantage of Discounts

Spending on an Evening Out

Shopping and Eating as a Household

Checking Whose Name is on the Bills

Shopping for the Supermarket Brands

Getting About Without a Car

Chapter 21: Ten Myths About Student Finance

‘Interest on My Student Loan Means I’ll Have a Huge Debt to Repay’

‘You Can Only Apply After You’ve Got a Place on a Course’

‘Grants Never Have to be Repaid’

‘If You’ve Lived Outside the UK, You Can’t Get Funding’

‘Well-Off Partners or Parents Equals No Student Finance’

‘No Welfare Benefits Are Available to Students’

‘Paying Tuition Fees Up Front is Better than Taking out the Tuition Fee Loan’

‘You Only Get Funding for Three Years’

‘If You Go Abroad After Graduation, You Don’t Have to Pay Back the Student Loans’

‘A Student Loan Debt Means You Won’t Get a Mortgage’

About the Author

Cheat Sheet

Advertisement Page

Connect with Dummies

End User License Agreement

Guide

Cover

Table of Contents

Begin Reading

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Introduction

If you’re looking for an overview of the student finance system in the UK, you’ve opened the right book! My aim is to give you a sufficient level of detail to inform you of the variety of support available in each of the four nations of the UK through the provision of student loans, grants and other sources of financial support such as educational trusts and charities.