Undergraduate Prospectus 2011 - University of Southampton

Living costs
When planning your finances, you will need to take into
account the costs of living. These will vary, depending on
a range of factors, such as whether you live in catered
or self-catered halls of residence, private rented
accommodation or with your parents/carers.
Typical costs include:
−−accommodation
−−phone calls
−−utility bills
−−transport
−−laundry
−−socialising
−−personal expenditure
In addition to tuition fees, you will need to consider course
costs such as books, field trips, studying abroad and any
extra materials and equipment you may need for your
studies. For more information about living and course
costs, go to www.southampton.ac.uk/livingcosts
Entering higher education for the first time
Financial support:
If you are a full-time UK student starting a higher education
course in 2010/11, you can apply for loans to help pay for
both fees and maintenance:
−−Student Loan for Fees
−−Student Loan for Maintenance
Student loans are issued by Student Finance England on
behalf of the government – they are not commercial loans.
Interest is charged on a student loan from the date you
receive it to the date you pay it off. The interest charged
is linked to the rate of inflation, so the amount you repay
is the same in real terms as the amount you borrow.
Student Loan for Fees:
If you are a full-time UK/EU student, you will not have to
pay any tuition fees before or during your studies. Instead,
you can take out a Student Loan for Fees. You can borrow
up to £3,290 for the academic year 2010/11 to cover the
full cost of tuition fees. The amount you receive does not
depend on your financial circumstances.
Student Loan for Maintenance:
If you are a full-time UK student you can take out a Student
Loan for Maintenance to help with living costs. The amount
you can borrow depends on:
−−your level of income and household income
−−where you study
−−whether you live with your parents during your course
You are entitled to about 72 per cent of the loan regardless
of your household income and can apply for some or all
of the remainder depending on your income. Higher
loan rates are available if you live away from home.
The maximum rates for the Student Loan for
Maintenance for 2010/11 are:
Living at
home
Living away
from home
Maximum Student Loan £3,838 £4,950
for Maintenance
72% not income assessed £2,763 £3,564
28% income assessed £1,075 £1,386
Maximum if receiving
£2,906 Maintenance Grant
£2,381 £3,453
Additional support
Depending on your personal circumstances (eg your
household income), you may also be eligible for:
−−a non-repayable Maintenance Grant or Special
Support Grant
−−one of our bursaries or scholarships (see page 44)
Additional help is available if you have:
−−a disability or specific learning difficulty
−−dependent children or adults
You only begin to repay your student loan after you finish
your course and are earning more than £15,000 a year
(or the monthly or weekly equivalent).
Temporary work
If you would like a temporary job to help with your
living costs, our Temp Bank service advertises part-time,
temporary jobs available within the University.
For further details, email tempbank@southampton.ac.uk
Careers Destinations also has an online job shop. For more
information go to www.southampton.ac.uk/careers and
click on ‘e-jobs’.
Please note: international students are allowed to work
up to 20 hours per week during term time according to
student visa regulations.
Further information
The following websites provide information about all
aspects of student finances:
www.southampton.ac.uk/livingcosts – get help estimating
your university living costs
www.direct.gov.uk/studentfinance – useful information
about student finance in general
Tel: +44 (0)23 8059 9599
Email: ssc@southampton.ac.uk
www.southampton.ac.uk/fees
www.southampton.ac.uk/livingcosts
Fees & loans
43