Changes to Student Finance from September 2012
Reforms to education mean that much of the money going to universities and colleges will now come directly from student tuition fees and external funding sources instead of Government teaching grants. This will affect all students entering education after 1 September 2012.
Our fees and how to pay
The current fee for students entering a full time higher education programmes for the first time in 2012/13 is £6000 for the academic year 12/13. For continuing students the fee is £3465 or £3127 and you may be entitled to a bursary. Please contact the Finance Office for further information.
Financing your education
Full-time students who are studying for their first degree or other higher education course can benefit from a range of financial support including:
- Tuition Fee Loan*
- Living Cost Loan*
- Non-repayable Grants*
- Scholarships*
* Eligibility will depend on factors including where you live, the course you choose to study, and whether or not you already hold a higher education qualification.
(Source: Department for Business, Innovation and Skills.)
Tuition Fee Loan
- No upfront costs with a Tuition Fee Loan.
- You only repay once you are earning over £21,000.
- It's paid directly to the College to cover each year of your course.
- You don't have to wait until you've been offered a place.
- Apply now at www.direct.gov.uk/studentfinance
Living Cost Loan
- To help with living costs such as food, accommodation and travel.
- You could get up to £5,500 if you live away from home.
- You could get up to £4,375 if you live with your parents.
- You only repay once you are earning £21,000.
- The money is paid straight into your bank.
- Apply now at www.direct.gov.uk/studentfinance
Non-repayable grants
- To help with living costs such as food, accommodation and travel.
- They don't have to be paid back.
- You could get up to £3,250 if your household income is below £25,000.
- You could get between £3,250 and £50 if your household income is between £25,000 and £42,600.
- Apply now at www.directgov.uk/studentfinance
The amount of your living cost loan entitlement varies depending on whether you are also entitled to a non-repayable grant. Please click here go to the Department for Business, Innovation and Skills to calculate how much you are entitled to and to find out how your loan repayments are expected to work.
The National Scholarship Programme 2012/13
New College Durham is participating in the National Scholarship Programme.The National Scholarship Programme (NSP) is available to benefit students entering higher education from autumn 2012.
It will provide direct benefit to individual, eligible students each of whom will receive a benefit of £3,000 if on a full-time undergraduate programme of study. Currently this programme is not available to students studying part time.
This includes up to £1,000 provided as a cash bursary, as part of the NSP award.Please note that this is a one-year benefit (not a continuing annual entitlement).
Advice on Funding
The Advice, Support and Careers (ASC) section of the website has further information on funding, click here to find out more.
To contact a member of the ASC team call:0191 375 4400 or email asc@newdur.ac.uk, alternatively pop in and see us at College.
Non-European Union Students
Please note the information provided on these pages are applicable to UK and European Union nationals only. There is a different fees policy and welfare system for other European and International students. For details of our 2012/13 Non-European student fees please see the fees list.
For further information please contact the International Office on 0044 (0)191 375 4157/ 4151 or email international@newdur.ac.uk.
Access Fund
For information on New College Durham's Access Fund for financial support for further and higher education students please click here.