The University of Liverpool is taking part in National Student Finance Day and is welcoming students and parents to attend a finance information evening on Monday 14 November.
At the event, students and parents will be able to hear from and speak to University staff members from the UK/EU recruitment team, finance support team, as well as representatives from Student Finance England.
As a result of new Government legislation on funding for Higher Education Institutions, the University will charge a £9,000 fee for undergraduate courses in 2012. This fee will allow the University to invest further in its student experience.
The University will commit more than 30% of its additional fee income to supporting students from lower income backgrounds and will offer enhanced outreach activities alongside measures to support retention.
Around 28% of students joining the University in 2012 will qualify for a financial support package totalling £3,000 in their first year of study and £2,000 per year for the rest of their course. In addition, fee waivers/bursaries of £1,000 per year will be available to UK students with a family income of between £25,000 and £35,000. Qualifying students will also receive more generous state maintenance grants.
As is the current case, student will not be required to pay tuition fees upfront – repayments will only begin with a graduate is earning above a Government-set threshold which is currently £21,000.
Christine Todd, Head of the UK/EU Recruitment team, said: “The National Student Finance Day will offer students and parents the opportunity to talk to financial experts about student funding and support packages available for 2012. Students will also be able to speak to experts for one-to-one advice on tuition fees and what to expect with regard repayments once they have graduated.
“It is important to us that students have access to the best financial advice and support so that they can make informed decisions about their future in higher education and plan ahead accordingly.”
Student Finance Day is the first national day of its kind and aims to ensure people understand how the new student finance package works before they make a decision as to whether they can afford to go to university. It is being coordinated by the Independent Taskforce on Student Finance Information, chaired by Martin Lewis of MoneySavingExpert.com, alongside the National Association of Student Money Advisers (NASMA) and the Higher Education Liaison Officers Association (HELOA).
The event is free of charge and will take place from 6pm at the University of Liverpool’s Lecture Theatre Building, near Peach Street Car Park, off Brownlow Hill.
To register for the event log onto the website.