**USEFUL LINKS, FINANCE INFO & TIME STAMPS** 1:08 - UK tuition fees 2:53 - England + Wales student loan repayment system explained 5:20 - International tuition fee costs 5:52 - English maintenance loan system 7:07 - 1st year outgoings 15:16 - 1st year incomings 15:57 - How to get around the "No Jobs" rule 17:42 - 2nd year outgoings 22:10 - 2nd year incomings 23:05 - 3rd year outgoings 30:22 - 3rd year incomings Finance wesbites: www.moneysavingexpert.com/students/repay-post-2012-student-loan/ UK & IRE Students England: www.gov.uk/student-finance-register-login Scotland: www.saas.gov.uk/need-to-know/student Wales: www.studentfinancewales.co.uk/ Northern Ireland: www.studentfinanceni.co.uk/ Ireland: hea.ie/funding-governance-performance/funding/student-finance/ EU International Students www.ox.ac.uk/students/oxford-and-the-eu Non EU International Students www.ox.ac.uk/admissions/undergraduate/fees-and-funding/course-fees?wssl=1 www.ox.ac.uk/admissions/undergraduate/fees-and-funding/tuition-fees/fee-status College fees for international students can be found on the individual college websites Scholarships & Bursaries at Oxford International Students: ruclips.net/video/r6fpfGz4SR0/видео.html Home Students: ruclips.net/video/ExQO0mnmUq0/видео.html
That was so helpful! I'm starting at Cambridge in October (hopefully!) and I'm sorting out my student finance at the moment so it's so nice to see some clear numbers. Thanks!
Well done, Rosie - both for putting this stuff across so clearly and accurately and for managing to balance your budget for your time at uni and fitting in as much paid work as Oxford will allow you without compromising your studies. You are a very impressive individual and although managing your budget is not exactly a fun or thrilling activity, it’s a really important life skill and you have clearly made some very good and sensible decisions and calculations which has enabled you to live within your means but also have a good social life and some fun too.
Thank you for this video! I really enjoyed you working for it, it really shows how it is possible to balance hard and rigorous uni with the job. I hope you are having an amazing day, you deserve it! Message for all the students having exams and hard time: You are amazing, you are enough, always give your maximum-
I love this and also the way you clearly watched your money but also did lots of fun things. I love looking at budgeting and raw numbers and stuff like that, it is very plastic for me and it also relaxes me.
Thank you so much Rosie for this. It is INCREDIBLY useful, once again, and I am having Karsten watch it with me later this evening. We hope you are keeping well under these current circumstances. We are all well and enjoying our time together a lot!! Today it has been some house cleaning and video game playing as well as just relaxing before school goes back into session tomorrow. Please let us know how you are and how thing sit with the Master? Love, Rose and the gang.
Rose!! You're always make my whole day so thank you ❤❤ I'm very well thank you & I'm so glad you all are too. My masters will start on October 1st hopefully - currently it's meant to go ahead as normal - and i will be vlogging as much as possible so you'll get to see what goes on 😊 xxxx
Very well explained. 1. You pay nothing back ever unless you earn over the threshold- currently about £26k. In those cases under that limit university is a gift from tax payers to English students and university is free of charge. 2. If you earn over that you just pay 9% (not the 5.4% interest) on your earnings over that because it works as a kind of graduate tax rather than a commercial loan - so if you earn eg £30k a year for life as a teacher you repay £4000 x 9% = £360 a year (that is in practice a very very low interest rate on your "debt" in terms of what you pay back). If instead you qualify as a lawyer on to £100,000 a year which some do then you pay an awful lot more back in student loan. 3. After 30 years your loan is wiped out no matter how high it is. Other vital fact - if you are from a family with notmuch money you get vastly more rent/food maintenance loan even up to £11,000 in London but if your parents have a higher income even if the parents never give you a penny to make up the difference you only get about £4300. So the less well off you are the more money you get. Also Oxbridge is cheaper than other universities' rents, much cheaper. Arguably going to Oxbridge is cheaper than almost any other English university other than for people who live at home whilst studying.
Brutal, noting that 5.4/9 = 3/5, that means you need to earn £(your student debt)*(3/5) + 26,000 just to stop the debt increasing - ignoring inflation of course. So if you exit university with a total debt of £50k then the debt will be increasing all the time you earn less than £56k unless you opt to pay more than the 9%. Glad I went to uni when they had grants!
Thanks much and poor me so complicated I have to listen to ur video one time more, I am an international student, you explain very well just me I need to listen once again, thanks much!
I'm truly inspired by how much hardwork you did in your uni even with heavy course work!! I must start some rigourous budgeting now (lol I'm doing my MSC now)
Great job ,may i ask you something? Do you know what will brexit bring about and if EU citizens will still be eligible to apply for a postgraduate loan in 2021?Greetings from Greece
I'm not sure myself but these websites may be useful 😊 www.ox.ac.uk/news-and-events/oxford-and-brexit www.ox.ac.uk/students/oxford-and-the-eu www.ox.ac.uk/admissions/graduate/fees-and-funding
It's so interesting how you weren't allowed to work! In New Zealand unless you or your parents are mega rich having a part time job is the only way to pay for uni.
I wish we had a loan system in Ireland our tuition is only 3000 a year so it’s not as bad but with accommodation and living costs your usually paying over 10000 a year with no loan system in place to help you. Everyone where I live starts working as much as possible at 16 to save up before going and it’s pretty impossible to not have a job alongside uni. It’s so frustrating when you know you’ll have the money in a few years time but your trying to do assignments on your breaks from work while struggling to pay your rent every month. Really takes away from the “university experience”.
Yeh i know i you feel (re working alongside studying). I had 4 part time jobs during a levels and then worked alongside my degree. I think it definitely didn't help my mental state. All the best! Xxx
Rosie Crawford The one thing that’s better about Ireland is the social aspect. It’s not a rich country so it’s such a small minority of people who get help from their parents that we’re all in the same boat. Ive lost track of the number of times I spotted someone for a pint down the pub because they came out not realising they didn’t have the €5 in their bank account ( and how many times someone did it for me). I think there’s a real comradery between the students and whenever someone is about to miss their deadline on rent we all chip in a few euro to help them out. We mostly just laugh about being broke to each other as we walk to our jobs every evening together. I can imagine how it would feel much more isolating to be struggling for money in a place like oxford where most people don’t really have to think about it. I consider myself lucky for that :)
So they make you sign a thing and - this 100% my own interpretation i could be very wrong - I'm pretty sure it's so that, if you say you're struggling and have a job, they can turn around and say "well you signed to say you wouldn't work so it's your fault"
There is a big workload at ox and they say that you won't be able to complete it with a part time job. That to me smells like elitism but there we are, thought I'd show you how to get around it
@@RosieCrawford its also a bit stupid bcuz oxford is expensive af and because of the whole situation with your student finance being based of your parents income #elitism
**USEFUL LINKS, FINANCE INFO & TIME STAMPS**
1:08 - UK tuition fees
2:53 - England + Wales student loan repayment system explained
5:20 - International tuition fee costs
5:52 - English maintenance loan system
7:07 - 1st year outgoings
15:16 - 1st year incomings
15:57 - How to get around the "No Jobs" rule
17:42 - 2nd year outgoings
22:10 - 2nd year incomings
23:05 - 3rd year outgoings
30:22 - 3rd year incomings
Finance wesbites:
www.moneysavingexpert.com/students/repay-post-2012-student-loan/
UK & IRE Students
England: www.gov.uk/student-finance-register-login
Scotland: www.saas.gov.uk/need-to-know/student
Wales: www.studentfinancewales.co.uk/
Northern Ireland: www.studentfinanceni.co.uk/
Ireland: hea.ie/funding-governance-performance/funding/student-finance/
EU International Students
www.ox.ac.uk/students/oxford-and-the-eu
Non EU International Students
www.ox.ac.uk/admissions/undergraduate/fees-and-funding/course-fees?wssl=1
www.ox.ac.uk/admissions/undergraduate/fees-and-funding/tuition-fees/fee-status
College fees for international students can be found on the individual college websites
Scholarships & Bursaries at Oxford
International Students: ruclips.net/video/r6fpfGz4SR0/видео.html
Home Students: ruclips.net/video/ExQO0mnmUq0/видео.html
That was so helpful! I'm starting at Cambridge in October (hopefully!) and I'm sorting out my student finance at the moment so it's so nice to see some clear numbers. Thanks!
gosh this is complicated, but thank you for the huge effort of making it clear!
I know it's so confusing! Martin Lewis has some rly good, clear info on his website if you need x
You rock. You are - in my humble - the best YT channel. I'll fight anyone who says otherwise.
Well done, Rosie - both for putting this stuff across so clearly and accurately and for managing to balance your budget for your time at uni and fitting in as much paid work as Oxford will allow you without compromising your studies. You are a very impressive individual and although managing your budget is not exactly a fun or thrilling activity, it’s a really important life skill and you have clearly made some very good and sensible decisions and calculations which has enabled you to live within your means but also have a good social life and some fun too.
Thank you!!
Thanks for explaining the paying back student loans thing so well, it can seem so overwhelming, but when it’s broken down like that it’s not so bad
Thank you for this video! I really enjoyed you working for it, it really shows how it is possible to balance hard and rigorous uni with the job. I hope you are having an amazing day, you deserve it!
Message for all the students having exams and hard time:
You are amazing, you are enough, always give your maximum-
This is so lovely, thank you!
I love this and also the way you clearly watched your money but also did lots of fun things. I love looking at budgeting and raw numbers and stuff like that, it is very plastic for me and it also relaxes me.
Liked it even though I haven't watched It yet knowing it will be great :) (from a prospective Cambridge applicant!)
Thank you so much Rosie for this. It is INCREDIBLY useful, once again, and I am having Karsten watch it with me later this evening. We hope you are keeping well under these current circumstances. We are all well and enjoying our time together a lot!! Today it has been some house cleaning and video game playing as well as just relaxing before school goes back into session tomorrow. Please let us know how you are and how thing sit with the Master?
Love,
Rose and the gang.
Rose!! You're always make my whole day so thank you ❤❤ I'm very well thank you & I'm so glad you all are too. My masters will start on October 1st hopefully - currently it's meant to go ahead as normal - and i will be vlogging as much as possible so you'll get to see what goes on 😊 xxxx
Very well explained.
1. You pay nothing back ever unless you earn over the threshold- currently about £26k. In those cases under that limit university is a gift from tax payers to English students and university is free of charge. 2. If you earn over that you just pay 9% (not the 5.4% interest) on your earnings over that because it works as a kind of graduate tax rather than a commercial loan - so if you earn eg £30k a year for life as a teacher you repay £4000 x 9% = £360 a year (that is in practice a very very low interest rate on your "debt" in terms of what you pay back). If instead you qualify as a lawyer on to £100,000 a year which some do then you pay an awful lot more back in student loan. 3. After 30 years your loan is wiped out no matter how high it is.
Other vital fact - if you are from a family with notmuch money you get vastly more rent/food maintenance loan even up to £11,000 in London but if your parents have a higher income even if the parents never give you a penny to make up the difference you only get about £4300. So the less well off you are the more money you get.
Also Oxbridge is cheaper than other universities' rents, much cheaper. Arguably going to Oxbridge is cheaper than almost any other English university other than for people who live at home whilst studying.
Brutal, noting that 5.4/9 = 3/5, that means you need to earn £(your student debt)*(3/5) + 26,000 just to stop the debt increasing - ignoring inflation of course. So if you exit university with a total debt of £50k then the debt will be increasing all the time you earn less than £56k unless you opt to pay more than the 9%. Glad I went to uni when they had grants!
It's rough isn't it 😅😭
Thanks much and poor me so complicated I have to listen to ur video one time more, I am an international student, you explain very well just me I need to listen once again, thanks much!
I'm truly inspired by how much hardwork you did in your uni even with heavy course work!! I must start some rigourous budgeting now (lol I'm doing my MSC now)
Can you do a video on Oxford traditions x
Oooo yes
Thank you Rosie, this was super helpful :)
Thank you for this video!!!
Congratulations👏
What did you get from the oxford union?
Great job ,may i ask you something?
Do you know what will brexit bring about and if EU citizens will still be eligible to apply for a postgraduate loan in 2021?Greetings from Greece
I'm not sure myself but these websites may be useful 😊
www.ox.ac.uk/news-and-events/oxford-and-brexit
www.ox.ac.uk/students/oxford-and-the-eu
www.ox.ac.uk/admissions/graduate/fees-and-funding
@@RosieCrawford Thank you so much I wish you the best ☺
Thank you rosie
love ur channel
Hi rosie glad to meet you
I want to know about fees
If we are from India and then how much coast actually for indians in a year
It's so interesting how you weren't allowed to work! In New Zealand unless you or your parents are mega rich having a part time job is the only way to pay for uni.
Honeslty anywhere but Oxbridge (pls correct me if I'm wrong anyone) working part time is almost expected. It's an elitist rule imo
how about Malaysian international student fees ?
I wish we had a loan system in Ireland our tuition is only 3000 a year so it’s not as bad but with accommodation and living costs your usually paying over 10000 a year with no loan system in place to help you. Everyone where I live starts working as much as possible at 16 to save up before going and it’s pretty impossible to not have a job alongside uni. It’s so frustrating when you know you’ll have the money in a few years time but your trying to do assignments on your breaks from work while struggling to pay your rent every month. Really takes away from the “university experience”.
Yeh i know i you feel (re working alongside studying). I had 4 part time jobs during a levels and then worked alongside my degree. I think it definitely didn't help my mental state. All the best! Xxx
Rosie Crawford The one thing that’s better about Ireland is the social aspect. It’s not a rich country so it’s such a small minority of people who get help from their parents that we’re all in the same boat. Ive lost track of the number of times I spotted someone for a pint down the pub because they came out not realising they didn’t have the €5 in their bank account ( and how many times someone did it for me). I think there’s a real comradery between the students and whenever someone is about to miss their deadline on rent we all chip in a few euro to help them out. We mostly just laugh about being broke to each other as we walk to our jobs every evening together. I can imagine how it would feel much more isolating to be struggling for money in a place like oxford where most people don’t really have to think about it. I consider myself lucky for that :)
I hope you will reply to me as soon as possible
u r beautiful
Can I ask why you aren’t allowed to have a job?
So they make you sign a thing and - this 100% my own interpretation i could be very wrong - I'm pretty sure it's so that, if you say you're struggling and have a job, they can turn around and say "well you signed to say you wouldn't work so it's your fault"
There is a big workload at ox and they say that you won't be able to complete it with a part time job. That to me smells like elitism but there we are, thought I'd show you how to get around it
@@RosieCrawford its also a bit stupid bcuz oxford is expensive af and because of the whole situation with your student finance being based of your parents income #elitism