16th February 2006

 

STUDENT FINANCE MYTHS DISPELLED

 

The introduction of the new system of tuition fees and student support by the government has led to some widespread confusion about how much studying at university is actually going to cost.

 

On Friday 17th February the University of Lincoln is hosting a conference, entitled ‘Finances at University – The Real Story’, for teachers and careers advisors aimed at dispelling many of the myths surrounding student finance.

 

Currently students in England pay tuition fees of £1,175 a year, but - from September - they can be charged up to £3,000 a year, though many universities are offering a range of bursaries to assist.

 

Students will be able to defer paying their fees – in other words higher education is largely free at the point of entry. Not only that, higher education will be more affordable during the course through the re-introduction of maintenance grants, with around half of all full-time students eligible for a non-repayable grant of up to £2,700.

 

At the event being held at the Riseholme Park Conference Centre representatives from universities and colleges in Lincoln, Nottingham, Derby, Leicester will explain what they’re charging and what financial assistance is available.

 

The University of Lincoln is offering a sliding scale of non-repayable bursaries as well as university and faculty scholarships. The university will offer a scholarship of £500 per year to all successful applicants and a special faculty scholarship of £500 per year for high-achieving students.

 

The conference has been organised by Connexions and Aimhigher Lincolnshire and Rutland.

 

Aimhigher Project Manager Sue Knight says: “The event is aimed at raising awareness of the new system of fees. We want to get the message across that students won't have to pay the fees back until after graduation and only once they are earning £15,000 or more per year.”

 

The conference will start at 9am on Friday 17th February. For more information and to book a place call John Herbert at Connexions on 01522 875495.

 

For more information contact:

Kate Strawson, Press Officer

(01522) 886244 Visit our news web pages:    www.lincoln.ac.uk/news/latestnews.htm