We understand that managing your finances can seem like a daunting and complicated process - but it need not be and you don’t have to figure it out alone.
Our team are here to help.
Whether you need advice on how to fill in your loan application or have concerns about how to manage your budget, you can come to us at any time. We can advise on the options available and what you’re eligible for so that you get the support you need. Please feel free to get in touch by emailing us at firstname.lastname@example.org.
And just in case you need any further help with managing your money whilst at university, here’s a student money manual produced by The Money Charity for students.
- How much will my tuition fees be?
- This depends on the course you are studying and your fee category (UK, EU or International). You will have received an offer letter from Admissions detailing the fees. We do not send out invoices to students for payment of tuition fees as all the up-to-date fee information is published on our web pages and on the relevant course page. When you log on to the online portal for self-registration, in late August, you will be able to see your fees. If these are not what you are expecting, please email email@example.com.
- When will I need to pay my tuition fees?
- You will need to make arrangements to pay your tuition fees and university charges before you can complete your registration with the university. The majority of EU/UK undergraduate students will obtain a tuition fee loan to pay their tuition fees which will be paid directly to the university. If you are paying your own fees, these can either be paid in full at the start of the academic year, or you may be able to pay in three termly instalments if you choose to pay by debit/credit card on the online portal only. You will be asked to pay your fees, or tell us you have applied for a loan, during online self-registration which will open in late August. On the ‘Paying Your Tuition Fees’ page, click the ‘pay your fees’ button and you will see an option to tick to confirm that you have applied for a student loan. It is important that you make sure this is completed before you arrive on campus. You can find more information about paying your fees here. If you are an international applicant, please go to the information for international students.
- Can I get a student loan to fund my studies?
- The majority of UK and EU undergraduate students obtain a tuition fee loan up to £9,250 to pay their tuition fees. UK students can also apply for a maintenance loan to assist with living expenses while at university. The amount of the maintenance loan you can apply for will depend on your household income. The types and amounts of student finance you'll receive will depend on where you live, for more information, please visit: www.slc.co.uk/students-and-customers.aspx. The maximum maintenance loan from Student Finance England for the 2018/2019 academic year, for a full time student living in England with a household income below £25,000 is £7,324 in total, if you are living at home. Find more information on undergraduate funding opportunities here.
- Can I get a tuition loan if I am studying part-time?
- Undergraduate part-time students can apply for a tuition fee loan from Student Finance England to cover their tuition costs. To be eligible for a tuition fee loan, this must generally be the first time you’ve studied for a higher education degree and you must complete a minimum of 25% of the equivalent full-time course load per year. Part-time students can apply for a maintenance loan.
- How do I apply for a student loan?
- You need to apply online.You will be notified by the Student Loans Company (SLC) whether you are eligible or not for a loan when you apply. If you are eligible, you must sign, date and return the Declaration Form to the address shown on the form. Once received by the SLC, this triggers the confirmation from the SLC to the university that your tuition fees are going to be paid direct to the university. Student Finance England students should apply online at www.gov.uk/studentfinance. Student Finance Wales students should apply online at www.studentfinancewales.co.uk. Student Finance Northern Ireland students should apply online at www.studentfinanceni.co.uk Student Finance Scotland students should apply online at www.saas.gov.uk/index.htm
- When should I apply for my loan?
- Applications for studying full-time courses open in February. It's essential that you apply as soon as possible as the entire process can take around 14 weeks to complete. Remember, you don't need to have a confirmed place at university, simply use the details of the course that you're most likely to attend. You can easily change it if you need to! If you apply for funding later in the year, your application will still be assessed but it's likely that your financial support won't be paid until after the start of term.
- I originally applied to a different university - what about my student loan?
- Before you arrive at the university and register you can tell Student Finance England that you’ve changed your course or university using your online account. If you are a part-time student you will need to phone Student Finance England. Please do this before you arrive.
- What are the documents that I need to apply for a student loan?
- 1. National Insurance number 2. Proof of identity: passport or birth certificate 3. If you want to disclose your household income you may be entitled to a larger maintenance loan. You will need to provide proof of household income for the previous tax year to the year you are applying for.
- How does my loan get paid?
- Your maintenance loan will be paid into the bank you provided details of during your application once you have fully registered on your course - as this doesn't usually happen on your first day at university, we recommend that you make sure you've budgeted enough money for your first week or two. Your maintenance loan will be paid in three termly installments (October/January/April). If you are in university accommodation do not worry as these payments can be set up to match the dates you will receive your maintenance loan. Your tuition fee loan will be paid directly to the university in termly installments.
- When do I have to repay my loan?
- With these loans you won't need to pay anything upfront when you start university. You only start to repay the loans when you've graduated and are in full-time employment (earning £25,000 or over). If you've studied in higher education previously this could potentially restrict the amount of fee and maintenance support available to you. Please check with Student Finance England or your funding body. Here is a breakdown of what you might pay per month.
Your salary How much you'll repay £21,000 £0 £23,500 £0 £25,000 £0 £27,000 £15 £30,000 £37
- Can someone else pay my fees?
- Yes. To be able to pay online the person making the payment will need to know the amount that is due for payment and your student ID. We are unable to give out this information to anyone other than the student unless we have written consent to share your information. From the university’s main website, the payer can then follow the link to the Online Payment page from the Paying Your Fees page:www.rau.ac.uk/study/undergraduate/fees-and-funding/paying-tuition-fees . If your fees are being paid by an employer, or other third party, we need to see the original letter confirming the level of support before we can issue an invoice to your sponsor. The letter should be on headed paper and state your name and student no, the course you are intending to study and any other reference that will need to be quoted on the invoice. Please email firstname.lastname@example.org to provide this information otherwise you will not be able to complete your registration.
- Can I get ELCAS funding?
- The MOD's Enhanced Learning Credits scheme (ELC) promotes lifelong learning amongst members of the Armed Forces. The scheme provides financial support in the form of a single up-front payment in each of a maximum of three separate financial years. For more information visit the ELCAS site www.enhancedlearningcredits.com.
- What extra help is available to fund my studies?
- If you choose RAU as your Firm choice with UCAS by 2 May 2018 you may be eligible for the University Core Bursary of £1,000 for each year of undergraduate study up to a maximum of £3,000. You can check your eligibility here. We’re committed to helping you realise your full potential, which is why we offer a generous package of bursaries and scholarships designed to support you throughout your time at university. You don’t have to repay a thing, which means you’re free to focus on your studies. If you are a UK student entering the first year of your undergraduate degree, you can apply for as many bursaries for which you meet the criteria. You will be awarded the most suitable choice on top of the Core Bursary. There is a wide range of Scholarships, Bursaries and awards including Outstanding Achiever, Sport Scholarships and Awards from external Trusts and bodies. You can find more information on our undergraduate financial support page. The Student Support Fund is available in addition to government funding, student loans, scholarships and bursaries. You can apply for this at any point throughout the duration of your course, and irrespective of any other bursaries you have already been awarded. Please contact email@example.com for details and we’ll be happy to advise.
- How do I pay my accommodation fees?
- You will need to log on to the accommodation portal and set up your payments, this should be completed at the same time as accepting your accommodation offer. Payments are scheduled and not taken immediately, unless you are late in setting up your payments. If you are in receipt of a maintenance loan there will be an option to request the dates are adjusted to coincide with the scheduled payments dates from the Student Loans Company. You must make arrangements to pay for your accommodation before you arrive at the RAU. If you are having difficulties in making payment then please contact firstname.lastname@example.org.
- What additional support is available for disabled students?
- You may be entitled to Disabled Students’ Allowances (DSAs) from Student Finance England. You’re considered disabled under the Equality Act 2010 if you have a physical or mental impairment that has a substantial and long-term effect on your ability to carry out normal day-to-day activities.DSAs are grants to help pay the extra essential costs you may have as a direct result of your disability, including a long-term health condition, mental-health condition or specific learning difficulty, such as dyslexia or dyspraxia. You don’t have to pay these back. For both full-time and part-time postgraduate students there’s a single allowance of up to £10,652 a year which can cover Specialist Equipment Allowance, Non-medical Helper Allowance, Travel Allowance. (Please check for individual limits for each of these areas.) How much you can get doesn’t depend on your household income, but does depend on your individual needs.You’ll be asked if you want to apply for DSAs when you’re applying for your main student finance. Once you’ve applied for your main student finance you’ll be able to apply for DSAs online. After you’ve submitted your application for DSAs you’ll be told what evidence you need to send to support your application. If you only want to apply for DSAs and no other type of student finance, you need to complete a DSA1 application form which you’ll be able to download at www.gov.uk/studentfinance once the service opens.You should apply and send your evidence as early as possible, the application process for DSAs can take around 14 weeks. For more information on Disabled students' allowances here. If you don’t ordinarily live in England, you can find out more information about what’s available where you live from the following websites. Scotland: www.saas.gov.uk. Wales: www.studentfinancewales.co.uk. Northern Ireland: www.studentfinanceni.co.uk.
- Top tips for students
- Make sure you have set up a UK bank account, if you don’t have one already, so you can receive your maintenance loan/grant. Read any paperwork you get sent from the Student Loans Company as they may require you to send further information for your application.