Undergraduate fees for new UK students joining the University from September 2012
Introduction to 2012 Fees
At Manchester Metropolitan University, we passionately believe that going to university is a real investment in your future. If you wish to follow a professional or vocational career and benefit from all the opportunities and rewards that this can offer, then going to university remains the best and most direct way of achieving this.
- There has been considerable news about going to university in 2012, much of which has focused on the tuition fees increasing.
- The tuition fees are rising due to government funding for higher education being cut in 2012.
- These fees will be paid for by a loan to each student and no student attending university in 2012 will have to pay these fees upfront.
- The existing system of loans and grants has also been extended and improved to assist students in going to university.
Financial support from
Manchester Metropolitan University in 2012
- For 2012, we are providing a £3,000 benefit package to each first year, full-time undergraduate who joins us from a household with an income up to and including £25,000. Details of how this bursary will be paid are being confirmed and may include fee waivers or discounts, and other incentives.
- We will also have an additional bursary in place for students who continue through to year two in 2013/14.
- As part of our commitment to the region, we provide bursaries to enable talented students from lower household incomes to reach their potential through higher education.
- We are one of the largest and most successful universities in the UK today and very much a university of and for the North West region, producing more than 8,000 mostly local graduates each year.
Repayment after graduation
- We believe that the repayment model for any full-time student joining us in 2012 represents an improvement on the current scheme in terms of the monthly repayment amounts.
- Under the 2012 proposals, a graduate earning an annual salary of £25,000 will pay back £360 per year, equivalent to £6.92 per week. Almost all graduates under the current system are paying more each month. It is estimated that fewer than 35% of students starting in 2012 will repay the loans in full. The outstanding loan is written off after 30 years.
- A Department of Enterprise research report estimated that a typical UK graduate earned £160,000 more in lifetime earnings than a non-graduate.
- We have presented the full facts and figures in our Student Finance Guide as clearly as possible to help demonstrate that going to Manchester Metropolitan University in 2012 remains as strong a commitment and investment in your future as it has always been.
Find out more
- If you are applying to the University for undergraduate entry in 2012, then please read on for important information on what you will pay, when you will pay it and what benefits and financial support is available to you.
- NB If you are a current Manchester Metropolitan University student and have started your course before September 2012 you will remain on your existing fee structure (with restrictions).
- If you have already started your course or are applying to start University in September 2011 these changes will not affect you. However, if you defer entry from 2011/12 to 2012/13, you will be charged fees at the 2012/13 rates.
What will I pay?
- Manchester Metropolitan University has proposed that UK and EU undergraduates starting university in September 2012 will be charged £8,000pa for most first degree courses – more than 75% of our undergraduate courses.
- A small percentage of undergraduate courses will be charged at £8,500pa and the remainder, approximately 20% will be charged at £9,000pa These courses have the most intensive use of facilities, teaching and learning resources in a range of specialist scientific, healthcare and art & design subjects.
Exceptions to these will be:
- Foundation Year is £3,465pa
- Sandwich year is £695pa
- NHS (to be confirmed by Government)
What will I be charged for my course and what will I get?
- We are creating a full table showing each course title and the proposed cost for annual fees starting in September 2012 – this will be communicated soon via these pages.
- Please note that these fees are subject to approval by the Office for Fair Access (OFFA), which is expected on Monday, 11 July 2011.
- Below is a short description of the three fee bands and the types of courses which fall into each area.
£8,000pa
- The University offers a superb student experience, combining excellent learning and teaching facilities with courses designed to maximise your employability. Courses in this fee band are for the main part delivered by lecture, seminar and tutorial. More than 75% of our courses will be in this fee category, including:
- Accounting, Finance and Economics
- Business, Management and Marketing
- Combined Honours (some)
- Food, Tourism and Hospitality
- Health, Psychology and Social Care courses (some)
- Humanities and Social Sciences – English and Creative Writing, Languages and European studies, Philosophy and Politics, Law, History, Criminology and Sociology, Information Technology and Communications
- Leisure courses
- Science and Engineering courses (most).
£8,500pa
- A small number of courses will be charged at this rate per annum. These are within faculties where the use of facilities, material and premises, along with greater staffing and technical support warrants the slight increase on our main portfolio courses
£9,000pa
- In addition to lectures, seminar and tutorials, these courses involve significant activities, equipment and/or specialist facilities beyond the standard classroom setting, with the most intensive use of facilities, teaching and learning resources in a range of specialist scientific, education, healthcare and art & design subjects.
- Approximately 20% of our courses will be in this fee category, including:
- Architecture
- Exercise and Sport Science (Cheshire Campus)
- Contemporary Arts (Cheshire Campus)
- Most Art & Design courses
- Most Education courses
- Most Health, Psychology and Social Care courses
- Some Science and Engineering and Combined Honours programmes
When will I pay?
New undergraduate students will not have to pay upfront for their tuition. The tuition fees will be paid by a government loan which students only start to repay once they graduate and are earning more than £21,000.
How much will I repay after graduation?
- Each graduate will repay 9% of their income above the £21,000 threshold. As an example, for a graduate earning £25,000, this equates to 9% of £4,000 per annum or approximately £6.92 in weekly repayments.
- If your salary falls below £21,000, your repayments stop. For example, if you take a career break or are unemployed. Repayments only start again when you are earning more than £21,000.
- Loan repayments will be deducted from your salary, normally through the tax system.
- Please note that if you have not repaid your loan after 30 years it is written off.
Here are some examples of salaries and repayments under the new 2012 fees system.
| Salary | Amount of salary from which 9% will be deducted | Monthly repayment |
|---|---|---|
| £25,000 | £4,000 | £30 |
| £30,000 | £9,000 | £67.50 |
| £35,000 | £14,000 | £105.00 |
| £40,000 | £19,000 | £142.50 |
| £45,000 | £24,000 | £180.00 |
| £50,000 | £29,000 | £217.50 |
| £55,000 | £34,000 | £255.00 |
Rates of interest
The Government’s plans are that:
- Interest on your loan will be applied at inflation (RPI – Retail Price Index) plus 3% while you are studying, and up until the April after you leave university.
- From the April after you leave university or college, if you are earning below £21,000, interest will be applied at the rate of inflation.
- For graduates earning between £21,000 and £41,000, interest will be applied between RPI and RPI + 3% on a gradual scale depending on income.
- For graduates earning above £41,000, interest will be applied at RPI + 3%.
Financial support for 2012
- Full-time students with a UK Student Support number (you will have a UK student support number if you have applied for your funding via Student Finance England, Student Finance Northern Ireland, Student Awards Agency for Scotland & Student Finance Wales) who are studying for their first undergraduate degree can benefit from a range of financial support – these are in the form of the following:
- Bursaries
- Grants
- Loans
- At Manchester Metropolitan University eligible students from lower income families will benefit from a benefit package of up to £3,000 in the first year as well as maintenance grants of up to £3,500.
- The aim of the financial support system is to make University as affordable and attainable as possible to those who are capable of getting the best out of higher education.
For more information, see the student finance section of our website.
Bursaries non-repayable
- Manchester Metropolitan University is creating a £10 million scholarship fund to provide bursaries to students and thus soften the blow of higher fees.
- These are non-repayable grants and will be available to thousands of students from lower income families.
- If your household income is £25,000pa or less, you will be eligible for a bursary (subject to attendance on the payment dates) – further details of these will be communicated soon.
Grants non-repayable
- Firstly, please note that grants are non-repayable – they are given to help with student living costs such as food, accommodation and travel but can also be used towards tuition fees and course related costs such as books and materials.
- As per the table below, there are a range of grants available depending on your household income.
- If your household income is £25,000 or less, you will be entitled to a full grant, of £3,250, which you won’t have to pay back.
- If your household income is between £25,000 and £42,600 you would be entitled to a grant of between £50 and £3,250, which you won’t have to pay back. For household incomes above £45,000 there is no grant available.
Household income Non-repayable grant less than £25,000 £3,250 £30,000 £2,341 £35,000 £1,432 £40,000 £523 £45,000 £0 £50,000 £0 £60,000 £0
Loans repayable
- Loans are also available to help with living costs such as food, accommodation and travel.
- A loan of up to £5,500 will be available if you live away from home and study outside London.
Household income Living cost loan less than £25,000 £3,875 £30,000 £4,330 £35,000 £4,784 £40,000 £5,239 £45,000 £5,288 £50,000 £4,788 £60,000 £3,788
Please note that these fee and financial support proposals are subject to the approval of the Office for Fair Access (OFFA).
More information
For more information about the financial support available and the benefits of going to university or college, we have provided a list of sources as follows:
- Student Finance information on the Directgov website
- NHS funding bursaries
- Routes into Teacher Training
- The Student Loans Company: information and applications
- Disabled Students Allowances
- Skill: National Bureau for Students with Disabilities
- MMU Student Financial Support
