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Embargoed until 00:01 Monday 7 November 2011 - Student Loans Company launches finance calculator for student support
The Student Loans
Company has today launched the official finance calculator to help
students in England considering going to university in 2012/13 see
what funding will be available to them.
The Student Loans Company is responsible for the processing and
payment of all loans and grants for students in England and has
worked with universities across the country to collate the
information.
Nichola Malton, assessment manager at Student Loans Company,
said:
"Other student finance calculators show how
much graduates will repay under the new scheme, but the Student
Loans Company calculator is the first to show students how much
support they can get upfront to help them with the new university
fees, by course and university.
"The more information they give, the more accurate
the estimate will be so we would encourage all students who are
considering going to university next year to check it out.
"Our calculator gives the best indication possible
of the support that might be available for student loans and
grants next year.
"We've worked with all the English
universities to get the most up to date information available on
the tuition fees they will be charging next year, as well as
scholarships and bursaries that may be available."
Under the new student finance scheme, students can apply for
tuition fee loans to cover the full cost of your tuition
university fees as well as funding for maintenance loans, which
they will repay with interest once they are earning over £21,000.
Depending on their household income and other circumstances,
students may be entitled to a maintenance grant and additional
grants which they do not have to repay.
Prospective students can go online from now to get an
estimate of the financial package they could receive:
www.direct.gov.uk/studentfinancecalculator
Applications for student finance will open early 2012.
ENDS
For press enquiries, please contact Rona Cameron/Breea Keenan
at the Student Loans Company Press Office: 0141 306 2120
Note to Editors:
The Student Loans Company is responsible for:
* Paying
grants and loans to eligible students
* Processing and payment
of all English students' loan and grant applications
* Paying tuition fees to universities and colleges in
England, Wales and Northern Ireland
* Administering the
payment of bursaries and scholarships on behalf of universities
and colleges throughout the UK
* Working with HMRC to collect
payments for income contingent loans
* Managing the direct
collection of payments for mortgage style loans
Contacts:
NDS Enquiries
Phone: For enquiries please contact the issuing dept
ndsenquiries@coi.gsi.gov.uk
