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This page is full of resources designed for your parents or carers to help them support your transition from Further Education to University. Share this content with them!
This page is full of resources designed for your parents or carers to help them support your transition from Further Education to University. Share this content with them!
These short video's detail some important information which you and your Parents & Carers should consider when supporting thinking about your next steps, have watch and head to the Take Your Place website for more information.
These short video's detail some important information which you and your Parents & Carers should consider when supporting thinking about your next steps, have watch and head to the Take Your Place website for more information.
It opens up a wide range of career options
It opens up a wide range of career options
A university degree is essential for some professions, e.g. nurse, teacher or lawyer. Many jobs only recruit people with higher level qualifications, although they may not require a particular subject.
It will help them to become career ready
It will help them to become career ready
At university your young person will develop essential skills they'll need in their career and working life such as communication, organisation, time management, team work, leadership and problem solving.
Your child is likely to earn more
Your child is likely to earn more
Having a degree makes your young person more attractive to employers, they'll have a greater choice of jobs and earn more. The average salary for graduates is 30% higher than for non-graduates aged 25-30.
They will have a great time
They will have a great time
They'll be expected to work hard but university can also be fun. They can choose from a huge range of clubs and societies and there's a diverse social life. It is an opportunity to meet new people and become more indipendent. For many students, this is their first time living away from home.
All students make their applications to university or college through an online system called UCAS. The main role of UCAS is to operate the application process for British Universities. Students can choose up to five courses for most subjects. These can be to five different universities or to the same university on a different course.
All students make their applications to university or college through an online system called UCAS. The main role of UCAS is to operate the application process for British Universities. Students can choose up to five courses for most subjects. These can be to five different universities or to the same university on a different course.
Your young person will need to submit information about their education history, their employment history (if relevant), a personal statement and a reference added by a teacher, adviser or professional who knows them academically.
Your young person will need to submit information about their education history, their employment history (if relevant), a personal statement and a reference added by a teacher, adviser or professional who knows them academically.
Both the college and the TYP project offers support for students to enable them to do this.
Both the college and the TYP project offers support for students to enable them to do this.
For UK students a tuition fee loan covers the full cost of tuition and goes straight to the university so your child will never see the money. Universities charge a full-time student up to £9,250 a year for courses starting in 2023.
For UK students a tuition fee loan covers the full cost of tuition and goes straight to the university so your child will never see the money. Universities charge a full-time student up to £9,250 a year for courses starting in 2023.
Students can apply for a maintenance loan to help with living costs, such as accommodation, food, travel, going out, etc. The amount your child can borrow depends on where they will be studying, where they will be living during term time and your family’s household income.
Students can apply for a maintenance loan to help with living costs, such as accommodation, food, travel, going out, etc. The amount your child can borrow depends on where they will be studying, where they will be living during term time and your family’s household income.
This means children from lower income families receive more financial support. It also means that you do not necessarily have to have saved any money in order for your child to attend university.
Finances should never be a barrier to learning.
This means children from lower income families receive more financial support. It also means that you do not necessarily have to have saved any money in order for your child to attend university.
Finances should never be a barrier to learning.
See below an example of how much your young person could be eligible to receive based on household incomes of up to £40,000
See below an example of how much your young person could be eligible to receive based on household incomes of up to £40,000
Find out how much financial support your child is entitled to by watching this video
Find out how much financial support your child is entitled to by watching this video
Find out how much maintenance loan they are entitled to by clicking on the Student finance calculator
Find out how much maintenance loan they are entitled to by clicking on the Student finance calculator
Your child will only start paying their loans back if they are earning above £25,000. Until they earn more than this, they will not be required to pay it back...
Your child will only start paying their loans back if they are earning above £25,000. Until they earn more than this, they will not be required to pay it back...
The repayment threshold students enrolling on courses after August 2023 is £25,000
The repayment threshold students enrolling on courses after August 2023 is £25,000
They will repay 9% on income above £25,000
They will repay 9% on income above £25,000
e.g if they earn £28,000 a year, they would repay 9% of £3,000 - which is £22 a month
e.g if they earn £28,000 a year, they would repay 9% of £3,000 - which is £22 a month
If their earnings drop below £25,000, payments will automatically stop
If their earnings drop below £25,000, payments will automatically stop
After 40 years, any remaining balance is wiped
After 40 years, any remaining balance is wiped
Student loans are best looked at as a 'graduate tax' more than 'debt' because...
Student loans are best looked at as a 'graduate tax' more than 'debt' because...
The repayment is automatically deducted from pay cheques in the same way that taxes are
The repayment is automatically deducted from pay cheques in the same way that taxes are
Repayments are based on what they earn, not what they owe. So bigger borrowing (living at home vs. living in London) doesn’t increase repayments
Repayments are based on what they earn, not what they owe. So bigger borrowing (living at home vs. living in London) doesn’t increase repayments
Student loans do not impact on credit scores, getting a loan, getting a mortgage, etc
Student loans do not impact on credit scores, getting a loan, getting a mortgage, etc
Visit the Take Your Place Parents and Carers Page for more information, and if you have any questions please email:
Visit the Take Your Place Parents and Carers Page for more information, and if you have any questions please email:
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