There are a number of support packages available to students to assist with the cost of your degree course. Non repayable grants are available from the Government, the amount you are entitled to will depend on your household income. You can also get a low cost loan to pay for your fees and you won’t have to repay this loan until after you have graduated. To get an indication of the level of support you can expect to receive you can use a calculator on the following website: https://www.gov.uk/student-finance-calculator
You can also contact the Student Finance England student support line on 0845 300 5090 for advice. Some examples of household income and support available to Newman students can be found at the individual links below:
Will it be worth the investment?
Several studies have recently been conducted into the financial benefits of gaining a degree. Although the figures differ, it is accepted that lifetime earnings of graduates are significantly higher than non-graduates. For many professions, such as teaching, a degree is required to qualify therefore studying for a degree opens opportunities to careers which are not available to non-graduates.
Access to Learning Fund
Newman’s Access to Learning Fund provides financial assistance for students experiencing hardship. Non-repayable grants of up to £2,450 per year are available, however the amount varies from year- to-year and students could not rely on the Access to Learning Fund as a regular source of income. Access to Learning Fund grants are normally made to students with dependants.
Financial help for students with disabilities
The Disabled Students’ Allowance is available for students with disabilities who have declared their disability to help buy specialist equipment. This support is in addition to the grants and loans offered by the Government.
If you have a previously been awarded a degree, you may be affected by the ELQ policy. Those who fall under the ELQ policy will need to pay more towards their fees as they will not be subsidised by the Government. Please read the policy below to find out whether you will be affected.