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13th March, 2013

Government sets out student finance arrangements for 2014/15

The government has announced the student finance arrangements for higher education in the 2014 to 2015 academic year.

Maximum tuition charges and maximum loans for full and part-time courses will remain at the same level as 2013 to 2014.

For students who started their courses on or after 1st September, 2012, and who are undertaking a work placement year for a sandwich course in the 2014 to 2015 academic year, the tuition charge and tuition loan caps will be set at 20% of the maximum full time tuition charge and loan cap.

For students who started their courses on or after 1st September 2012, who are undertaking study and work placement years under the Erasmus Scheme, or study years at overseas institutions outside the Erasmus Scheme in the 2014 to 2015 academic year, the tuition charge and tuition loan caps will be set at 15% of the full time tuition charge caps.

The maximum maintenance grant for new and continuing students attending full-time courses in the 2014 to 2015 academic year will be increased by 1%. Maximum loans for living costs for new and continuing students will also be increased by 1%.

There will also be an increase of 1% on current maximum levels of Disabled Student Allowances, Adult Dependants Grant, Childcare Grants and Parents Learning Allowance for all new and continuing students in the 2014 to 2015 academic year.

For more detailed guidance on changes to student finance levels go to the Student Finance England Practitioners website.

 

 

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